Nvidia Chief Says Linking Job Cuts to AI Is a “Lazy” Narrative Nvidia CEO Jensen Huang has criticized corporate leaders who attribute layoffs to artificial intelligence, arguing that many companies are using AI as a convenient explanation for workforce reductions that have little to do with the technology itself. Speaking in a recent interview, Huang described the growing narrative connecting AI to job losses as “too lazy” and questioned how companies could already be blaming artificial intelligence for layoffs when many AI tools have only recently become widely adopted and productive. The remarks come amid a wave of layoffs across…
Author: Aman Atulya
Elon Musk’s Firm Surpasses Saudi Aramco, Tesla and Broadcom After Historic IPO Debut SpaceX has officially become the world’s sixth-most valuable publicly traded company, overtaking Saudi Aramco, Tesla, and Broadcom following its blockbuster stock market debut. The milestone comes just hours after the company’s historic IPO, which has already rewritten multiple records in global financial markets. The Elon Musk-led company surged sharply in its first day of trading, pushing its market capitalization to approximately $2.27 trillion. The rally places SpaceX behind only Nvidia, Alphabet, Apple, Microsoft, and Amazon among the world’s most valuable companies. The remarkable debut highlights investor confidence…
E-commerce marketplace Meesho has approved the acquisition of a 100% stake in Singapore-based Kirana Club and an additional 0.41% stake in Retail Pulse Labs Private Limited (RPLPL) for a total consideration of ₹202.08 crore, according to a stock exchange filing. The transaction will be completed in three phases and is expected to conclude by FY27. Following the acquisition, Kirana Club will become a wholly owned subsidiary of Meesho, while Retail Pulse Labs will come under Meesho’s ownership through Kirana Club. The move marks a significant strategic expansion for Meesho as it enters the rapidly growing B2B commerce segment for kirana…
Gurugram Startup Plans Fleet Expansion and Technology Upgrades Following Fresh Funding EV mobility startup Trevel has raised $1 million (around ₹8.6 crore) in a funding round co-led by India Accelerator, Finvolve, the Haldiram Family Office, and investor Rohit Qamra. The round also saw participation from RMRN Ventures, BP Jain Holdings, Bipin Preet Singh, Aakash Goyal, Aakash Anand, Aditya Singh, and several other angel investors. The funding comes as India’s electric mobility sector continues to gain momentum, driven by rising consumer adoption, supportive government policies, and growing demand for sustainable transportation solutions. Trevel plans to leverage the fresh capital to strengthen…
Reliance Industries, Vedanta, and Adani Enterprises have emerged among the leading companies exploring investments in India’s rare earth sector, as the country accelerates efforts to reduce its dependence on China for critical minerals essential to modern industries. According to reports, the three conglomerates are among nearly 10 companies that have expressed interest in setting up rare earth processing facilities in Andhra Pradesh, a state that holds some of India’s largest reserves of rare earth-bearing minerals. The development marks a significant step in India’s strategy to build a domestic supply chain for critical minerals used in electric vehicles, renewable energy systems,…
Private aviation in India has evolved significantly over the past few years. What was once considered a niche service for ultra-high-net-worth individuals and government delegations is now being used by business owners, corporate executives, family offices, entertainment professionals, sports teams, and families who value efficiency and flexibility in their travel plans. The growth of the charter industry has also changed the way people think about private flying. Travelers no longer need to own an aircraft to experience the benefits of private aviation. Instead, they can charter an aircraft that matches the specific requirements of a journey, whether that involves an…
ChatGPT Maker Reportedly Considers Lower Pricing to Win Enterprise Customers OpenAI is reportedly considering significant reductions in the pricing of its artificial intelligence services as competition with rival Anthropic intensifies. According to reports, the company is evaluating ways to lower the cost of AI usage, particularly for enterprise customers, amid growing concerns about the rising expenses associated with deploying advanced AI models. The discussions come at a time when the AI industry is entering a new phase of competition, with businesses increasingly scrutinizing the return on investment from generative AI tools. While no final decision has been announced, the move…
Investment Giant Offloads 1.31% Stake as Early Investors Begin Monetising Holdings US-based investment firm Fidelity Investments has sold shares worth approximately ₹988 crore in e-commerce company Meesho through a block deal, according to stock exchange disclosures. The transaction marks one of the largest secondary market deals involving the company since its stock market debut. The sale involved 5.98 crore shares, representing around 1.31% ownership in Meesho. Fidelity entities FID FDI 2117 LLC and FID FDI 312 LLC sold the shares at approximately ₹165.2 per share, taking the total transaction value close to ₹988 crore. The identities of all buyers were…
HyperNorm AI, a wealth advisory-focused AI startup, has raised $2.2 million in a seed funding round. The company is building an AI-first decision intelligence platform designed for wealth managers, registered investment advisors (RIAs), and financial institutions to improve portfolio management and client decision-making. Building AI-native intelligence for financial advisors HyperNorm AI focuses on transforming traditional wealth management workflows through AI-powered portfolio monitoring, market intelligence, and decision support systems. Its platform helps advisors identify portfolios requiring attention, assess market impacts, analyze risks, and generate actionable insights in real time. According to the company, the platform is designed to reduce manual research…
Community management and security platform Mygate has secured Rs 225 crore (around $26 million) from Dharana Capital, marking its first major funding round in over three years. As part of the transaction, Dharana Capital acquired a 12–14% stake in the company through a combination of primary capital infusion and secondary share purchases. The investment reflects continued confidence in India’s growing residential community technology market. Capital to expand footprint and strengthen technology platform The fresh funds will be used to expand Mygate’s presence across gated communities, strengthen its integrated platform, and accelerate product and technology development. The company has set an…