ETtech Deals Digest: Startups raise $269 million this week, up 19% on-year

The number of deals during the week was down to 15 transactions, compared to 31 in the corresponding week of the previous year.

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Govt commits 97% of funds earmarked for chip manufacturing

The Indian government has committed approximately Rs 62,900 crore, 97% of the Rs 65,000 crore fund, as incentives for semiconductor production. With limited funds remaining, only a few small projects can be accommodated. The Semicon India 2025 event, featuring delegates from 33 countries and top executives, will be inaugurated by Prime Minister Narendra Modi from September 2-4.

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Google to offer Gemini to US agencies at $0.50 per agency a year

Google has launched Gemini for Government, joining OpenAI and Anthropic in offering AI services to US federal agencies at minimal cost. Priced under $0.50 per agency annually, this partnership with the GSA provides access to Google's AI tools like NotebookLM and Veo. This move supports the GSA's OneGov Strategy and the President's AI Action Plan.

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US IT firm Kyndryl to invest $2.25 billion in India over three years

Kyndryl will invest with a focus on talent development and setting up an AI lab in India. The company aims to modernise infrastructure, as well as support India's digital goals, including AI, cybersecurity, and IT modernisation.

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Anthropic targets nearly $5 billion in upcoming funding

Iconiq Capital will reportedly invest about $1 billion in the deal while Qatar Investment Authority and Singapore’s sovereign fund GIC may also participate in the round. Other potential investors include Amazon, which has previously held major funding for the startup.

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Anthropic eyes close to $5 billion in new funding round

Iconiq Capital will reportedly invest about $1 billion in the deal while Qatar Investment Authority and Singapore’s sovereign fund GIC may also participate in the round. Other potential investors include Amazon, which has previously held major funding for the startup.

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Whenever the US vacates policy space, China wins : ITI Council President Jason Oxman

Oxman questions whether testing infrastructure can meet needs of India-specific data centre certification regime. He cautioned India against adopting China’s AI model, urging investment in open AI infrastructure, global data flows, and semiconductors.

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India leads the world in AI-driven leadership transformation: Microsoft report

Indian organisations are rapidly adopting Artificial Intelligence. Microsoft's report indicates a significant move towards AI-driven workforce enhancement. Ninety-three percent of Indian leaders plan to use AI agents soon. Frontier Firms are redesigning operations around human-agent collaboration. Many leaders are already using AI to automate processes. This shift enables organisations to scale faster.

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UIDAI onboards satcom major Starlink for Aadhar-based customer verification

Elon Musk's Starlink, a global internet provider, will use Aadhaar e-KYC to simplify user onboarding. It will ensure regulatory compliance and deliver high-speed internet. Aadhaar authentication will be voluntary. This partnership highlights the scalability of India's digital infrastructure. It also promotes innovation in service delivery.

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93% of Indian business leaders plan to use AI agents in next 12-18 months : Microsoft

​​Highlighting how Indian companies are ahead of their global counterparts in adopting generative AI tools, the report has pointed out productivity, creativity, and security have emerged as the biggest drivers of change.

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Beyond hype, AI becoming workplace reality for white-, blue-collar workers: Study

Per ‘The Work Ahead’ report by jobs portal Indeed, two in 10 blue-collar workers are already using GenAI at work. The study was conducted across over 3,000 white- and blue-collar workers across India.

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