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Chinese investors privately take stakes in Elon Musk's companies: report

The investments are being placed through special-purpose vehicles to avoid the ire of U.S authorities and companies wary of Chinese capital during a low-point in relations between the two countries, the report said, citing asset managers and investors involved in the transactions.

Tech & Internet

Diversity pullback: Tech giants lead US companies in pulling back on initiatives

AI will amplify India’s workforce, not replace it

Ather Energy converts preference shares into equity; likely to launch IPO in April

Ather Energy converts preference shares into equity; likely to launch IPO in April

Partnering to propel India’s AI revolution

Tech & Internet

IBS Software eyes more biz opportunities in Indian airlines industry

Sounding optimistic about the prospects for the global travel industry, the company's Founder and Executive Chairman V K Mathews said the Indian market has huge growth potential. The Singapore-headquartered Software as a Service (SaaS) solutions provider has around 5,000 staff and has about 200 clients spread across aviation, travel and cruise, hospitality, and energy and resource segments.

Billions being spent on building frontier models, their returns declining: Nandan Nilekani

Nandan Nilekani discussed the declining returns of building large AI models, highlighting China’s affordable, open-source approach. He emphasised the importance of high-quality data, such as AI4Bharat’s work, and the growing number of Indian startups using scalable technologies.

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Tech Trending: Budget 2025 Live Updates

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Ather Energy converts preference shares into equity; likely to launch IPO in April
Electric two-wheeler maker Ather Energy Ltd has taken a significant step toward its much-anticipated initial public offering (IPO) by converting its outstanding compulsory convertible preference shares (CCPS) into equity. The move is part of the company's preparation for its IPO, expected to be launched in April, according to merchant banking sources.
Rapido in midst of 500-city expansion; mobility opportunity offers strong upside: Cofounder P Guntupalli
Rapido is expanding into 500 Indian cities, leveraging a SaaS-based model to maximize driver earnings. With 33 lakh daily rides, it dominates two- and three-wheeler segments. Prioritizing sustainable growth, it eyes domestic expansion over IPO or international markets.
Infosys cofounder Nandan Nilekani on AI commoditisation, data, and the rise of Indian startups
Digantara commissions commercial space surveillance satellite, SCOT

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Top tech and startup stories this week

Top tech and startup stories this week

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.

08 Mar, 2025

IndiaAI’s next act; Trump’s Bitcoin reserve push

IndiaAI’s next act; Trump’s Bitcoin reserve push

The government marked a year of IndiaAI Mission with a compute portal to enable easy access to GPUs. This and more in today’s ETtech Top 5.

07 Mar, 2025

Public sector banks eye fintech tie-ups; Blinkit, Zepto raise commissions

Public sector banks eye fintech tie-ups; Blinkit, Zepto raise commissions

Happy Friday! Public sector banks are eyeing collaborations with fintech startups to boost lending to MSMEs. This and more in today’s ETtech Morning Dispatch.

07 Mar, 2025

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Tech & Internet

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Chinese investors privately take stakes in Elon Musk's companies: report
The investments are being placed through special-purpose vehicles to avoid the ire of U.S authorities and companies wary of Chinese capital during a low-point in relations between the two countries, the report said, citing asset managers and investors involved in the transactions.
Apple defeats AliveCor bid to block US smartwatch imports in US appeal
The US Court of Appeals for the Federal Circuit affirmed the invalidity of AliveCor heart-rate monitoring patents that the company had accused Apple of infringing, negating a U.S. trade tribunal's ruling that Apple had violated AliveCor's rights.
IBS Software eyes more biz opportunities in Indian airlines industry
Facing competition from Big Tech, states dangle incentives and loosen laws to attract power plants

The Catalysts

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Christie's first AI art auction sees hits... and plenty of misses
Christie's first auction of art made by artificial intelligence (AI) ended Wednesday with mixed results, providing scant clues as to the future of the new and controversial medium. For them, auctioning AI-created art lets money be made from "massive theft of works by human artists."
- Snapdeal cofounder Kunal Bahl seen shopping on rival Amazon
- Grok to be a standalone app for MacOS, Windows
  The chatbot operated by Musk's AI company xAI has been in the news for releasing its latest version, Grok 3, which boasts to be the world's smartest AI. It faces rivals OpenAI's ChatGPT and the newly introduced DeepSeek R1 model.
- Zomato launches AI-backed customer support platform Nugget
  Zomato developed Nugget as an internal tool over the past three years, and it now supports over 15 million interactions per month on its platforms. This is the first product from Zomato Labs, the company's incubator for in-house innovations.
- Study finds how new technology enhances gravitational-wave detection

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