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ET Graphics: Market caps rocket beyond $4-trillion mark as AI frenzy grips global tech investors - The Economic Times

Economic Times

Economic Times · 22d ago

ET Graphics: Market caps rocket beyond $4-trillion mark as AI frenzy grips global tech investors - The Economic Times

The market capitalisation of leading tech companies in India and the US has shown varying trajectories over the past two years. Microsoft recently crossed the $4 trillion mark, following Nvidia, driven by AI advancements. While some companies have seen a significant increase in their market cap, others like Apple have experienced more modest growth. The contrasting valuation paths underscore the impact of artificial intelligence on the tech sector’s financial landscape across different economies.

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Nvidia becomes first company to clinch $4 trillion in market value - The Economic Times

Economic Times

Economic Times · 1m ago

Nvidia becomes first company to clinch $4 trillion in market value - The Economic Times

Nvidia became the first company to achieve a $4 trillion market capitalization, driven by a surge in demand for artificial intelligence technologies. It previously surpassed the $1 trillion mark in June 2023, tripling its value in about a year, outpacing Apple and Microsoft. Nvidia’s growth reflects confidence in AI, with its processors playing a crucial role. The company's stock has significantly rebounded, being a major player on the S&P 500 index.

Jensen Huang, AI visionary in a leather jacket - The Economic Times

Economic Times

Economic Times · 1m ago

Jensen Huang, AI visionary in a leather jacket - The Economic Times

Jensen Huang, co-founder and CEO of Nvidia, has become a prominent figure in tech due to Nvidia's GPUs, crucial for AI technologies like ChatGPT. Nvidia's success has boosted its market value beyond $4 trillion, with Huang's personal fortune reaching $150 billion. Known for his optimistic yet low-key demeanor, he focuses on advancing high-powered computing solutions. He contrasts with other tech leaders by emphasizing technology over personal fame while maintaining a strong, disciplined leadership style.

Karnataka pushing ‘Beyond Bengaluru’, tier-II cities emerging as startup hubs: Minister Sharanaprakash Patil at ET Soonicorns Summit 2025 - The Economic Times

Economic Times

Economic Times · 4d ago

Karnataka pushing ‘Beyond Bengaluru’, tier-II cities emerging as startup hubs: Minister Sharanaprakash Patil at ET Soonicorns Summit 2025 - The Economic Times

Karnataka is expanding its startup ecosystem beyond Bengaluru, highlighting tier-II cities like Mysuru, Manipal, Dharwad, Tumkur, and Kalaburagi as new hubs for innovation and entrepreneurship. At the ET Soonicorns Summit 2025, Sharanaprakash Patil emphasized the importance of their "Beyond Bengaluru" initiative in decentralizing opportunities. Key sectors gaining traction include fintech, digital commerce, electric vehicles, and fashion tech, while efforts are made to support inclusive growth, skill development, and women-led initiatives.

ET X Tracxn to unveil Andhra Pradesh-Telangana’s next-gen startups and strategic sectors at Soonicorns Sundowner Hyderabad - The Economic Times

Economic Times

Economic Times · 1m ago

ET X Tracxn to unveil Andhra Pradesh-Telangana’s next-gen startups and strategic sectors at Soonicorns Sundowner Hyderabad - The Economic Times

The Economic Times, in collaboration with Tracxn, will unveil the 'ET Top Soonicorns and Minicorns X Top Sectors AP-Telangana 2025' report at the first-ever ET Soonicorns Sundowner in Hyderabad. The report highlights the rise of minicorns, startups valued between $100 million and $500 million, especially in sectors like electric vehicles, EdTech, and NewSpace. This initiative aims to spotlight Hyderabad’s emergence as a major innovation hub within India's expanding digital economy.

Venus Mission to take off in March 2028, carry 19 payloads

Economic Times

Economic Times · 10m ago

Venus Mission to take off in March 2028, carry 19 payloads

- India's Venus Orbiter Mission (VOM) is scheduled for launch on March 28, 2028. - The mission will carry 19 payloads, including scientific instruments from India and international collaborations. - VOM aims to explore Venus' atmosphere, surface, and its interaction with the Sun, with objectives like examining dust in the atmosphere, mapping surface topography, studying solar X-ray spectrum, and more. - The spacecraft will be placed around Venus using the Launch Vehicle Mark-3 (LVM-3) rocket. - Chandrayaan-4, scheduled for 2029, aims to bring back lunar samples and promote self-reliance in the country's space technology. - Chandrayaan-4 will consist of five modules and will be launched on two LVM3 launch vehicles.

China's Baidu misses quarterly revenue estimates - The Economic Times

Economic Times

Economic Times · 6d ago

China's Baidu misses quarterly revenue estimates - The Economic Times

Baidu's quarterly revenue dropped 4% to ¥32.71 billion, missing projections, as China's economic challenges hindered advertising demand. The core advertising segment saw a 15% decline due to lower corporate spending. The company’s AI cloud business mitigated some losses, yet shares fell 2% premarket. Overall economic issues in China, including a downturn in the property market and weak consumer demand, contributed to a reduction in Baidu's advertising revenue, straining their financial performance.

ET Soonicorns Summit: Razorpay CFO Arpit Chug says growth key ahead of IPO - The Economic Times

Economic Times

Economic Times · 4d ago

ET Soonicorns Summit: Razorpay CFO Arpit Chug says growth key ahead of IPO - The Economic Times

Razorpay CFO Arpit Chug emphasizes growth over profitability for IPO readiness amidst Indian startups adjusting business models to showcase profitability. Speaking at the ET Soonicorns Summit, Chug highlighted that growth is crucial for going public, though both growth and profitability are ideal. With tighter RBI regulations, fintechs like Razorpay face pressure for compliance and sustainable growth. Meanwhile, public investors now assess broader criteria beyond immediate profits, as emphasized by Ather Energy CFO Sohil Parekh.

ET Soonicorns Summit 2025: India sits on a data treasure trove, says Shiprocket CEO Saahil Goel - The Economic Times

Economic Times

Economic Times · 4d ago

ET Soonicorns Summit 2025: India sits on a data treasure trove, says Shiprocket CEO Saahil Goel - The Economic Times

At the ET Soonicorns Summit, Shiprocket CEO Saahil Goel highlighted India’s potential to leverage its vast data for building indigenous AI models, questioning the ROI from foreign-trained systems. Co-panelist Piyush Shah, InMobi’s cofounder, emphasized AI's transformative role beyond automation, advocating for its use to empower employees and innovate products. Both stressed the need for India to capitalize on its data to ensure benefits extend domestically, pushing for local AI model development.

Crypto custody startup BitGo confidentially files for US IPO - The Economic Times

Economic Times

Economic Times · 1m ago

Crypto custody startup BitGo confidentially files for US IPO - The Economic Times

BitGo, a crypto custody firm, has confidentially filed for a U.S. IPO amid a surge in the crypto sector, which recently hit a $4 trillion market value. This growth is fueled by corporate treasury adoption, regulatory clarity, and increased institutional inflows. BitGo's move follows a trend of crypto companies, such as Grayscale and Gemini, seeking public listings. Founded in 2013, BitGo raised $100 million at a $1.75 billion valuation in 2023.

ET Soonicorns Summit 2025 curtain-raiser: Shaping India’s AI future from infrastructure to ethics - The Economic Times

Economic Times

Economic Times · 15d ago

ET Soonicorns Summit 2025 curtain-raiser: Shaping India’s AI future from infrastructure to ethics - The Economic Times

On August 12, 2025, the Economic Times will host a livestream event to explore three key pillars of India's AI advancements: localized infrastructure, fintech security, and ethical governance. This event aims to address how India can establish a secure, inclusive, and competitive AI ecosystem. The sessions will delve into localized data centers, fintech fraud prevention, and ethical challenges in AI, setting the stage for the upcoming ET Soonicorns Summit 2025 in Bengaluru.

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