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The government just walloped Google. That's good business. - The Economic Times
Economic Times
·
2d ago
Medial
A recent ruling against Google highlights a return to U.S. antitrust actions to limit monopolies and promote innovation by curbing dominance like in the past. Historically, Silicon Valley's success owes much to government interventions, which supported tech industry growth by creating competition. The decision against Google aims to foster future tech advancements by ensuring market space for new innovators, maintaining that thriving free markets often require strong governmental roles to regulate and manage large corporations.
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ETtech Explainer: X, Centre at loggerheads over social media misuse - The Economic Times
Economic Times
·
1m ago
Medial
The Indian government and Elon Musk's platform X are in a legal dispute over content-blocking orders, with X claiming these orders harm its business and violate free speech. The government argues for accountability to curb harmful content. The case questions the Information Technology Act's provisions regarding content removal and intermediary "safe harbour." The dispute impacts how social media moderates content in India, potentially leading to revised regulations affecting all platforms, not just X.
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Coursera names Ashutosh Gupta as managing director for India and Asia Pacific - The Economic Times
Economic Times
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2m ago
Medial
Coursera appointed Ashutosh Gupta as Managing Director for India and Asia Pacific. Gupta will oversee Coursera's enterprise operations, collaborating with businesses, educational institutions, and government bodies to equip students and professionals with digital economy skills. With over 20 years of experience, including roles at LinkedIn and Google, Gupta's expertise in public-private partnerships and regional business scaling will aid Coursera in preparing communities for an AI-driven future, as per the company’s statement.
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US defense department awards contracts to Google, Musk's xAI - The Economic Times
Economic Times
·
1m ago
Medial
The U.S. Department of Defense awarded contracts worth up to $200 million each to OpenAI, Google, Anthropic, and Elon Musk's xAI. These contracts aim to develop advanced AI capabilities to tackle national security challenges. The initiative, driven by a White House order, highlights AI's transformative impact on military operations. The contracts, including xAI's "Grok for Government" products, enhance AI use across federal agencies, addressing concerns about competitive AI contracting in government operations.
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Let's firm up for India's fab four - The Economic Times
Economic Times
·
2m ago
Medial
India is considering reforms to strengthen its CA firms, allowing them to compete globally by addressing regulatory challenges. A government committee is exploring ways to increase cross-functional capacity, capital access, and branding. Reforms could include allowing multidisciplinary partnerships and enabling brand identity expansion. Such changes aim to create globally competitive Indian CA firms, potentially establishing them as part of a new global 'Big 8'. The efforts focus on equity, not just equality, in professional services.
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Google to discount cloud computing services for US government: FT report - The Economic Times
Economic Times
·
1m ago
Medial
Google is set to offer significant discounts on its cloud computing services to the U.S. government, as part of efforts to reduce federal spending. Similar discounts are expected from Microsoft's Azure and Amazon Web Services, indicating tech companies' support for government efficiency. This deal aligns with President Trump's cost-cutting measures, following Oracle's recent offerings. The agreement aims to generate cost savings and reflects cooperation from major cloud service providers to enhance federal operations.
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Firstsource to acquire UK-headquartered Pastdue Credit Solutions - The Economic Times
Economic Times
·
1m ago
Medial
Firstsource Solutions has announced its acquisition of UK-based Pastdue Credit Solutions, a debt-collection business serving banks, utility firms, telecom companies, and government bodies in the UK. This acquisition, pending Financial Conduct Authority approval, aligns with Firstsource's strategy to enhance its collections business with a focus on local delivery and sectoral expertise. The move aims to capitalize on the growing UK collections market, driven by rising consumer debt and the need for responsible, tech-enabled solutions.
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Google set to face modest EU antitrust fine in adtech investigation, sources say - The Economic Times
Economic Times
·
6d ago
Medial
Google is expected to face an EU antitrust fine for alleged anti-competitive practices in its adtech sector, triggered by a European Publishers Council complaint. The EU’s four-year investigation concluded Google favored its advertising services over competitors. Although not as hefty as previous fines, this illustrates new EU antitrust chief Teresa Ribera’s shift from punitive to corrective measures. Google disputes the charges and won’t be compelled to divest parts of its adtech business.
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Good Glamm founder Darpan Sanghvi launches startup acceleration platform CoFounder Circle - The Economic Times
Economic Times
·
1d ago
Medial
Darpan Sanghvi, founder of Good Glamm Group, launched CoFounder Circle, an AI-led platform supporting startups and MSMEs. The platform offers access to cofounders, team members, investors, mentors, and AI tools. Nearly half of the company's equity is allocated to its community, including employees and ecosystem partners. This initiative follows Good Glamm's restructuring and sale after financial struggles. Sanghvi previously committed 25% of future income to settle Good Glamm's employee payments. Entrepreneurs can join the CoFounder Circle waitlist for early access.
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Intel rescue will depend on Trump as investor — and pitchman - The Economic Times
Economic Times
·
16d ago
Medial
The US government considers investing in Intel to boost domestic chip production, but analysts doubt funding alone can revive the struggling company. The government’s potential stake aims to increase customer acquisition for Intel's foundry business. SoftBank's investment and possible government influence might attract clients. While President Trump’s involvement could help, Intel's ability to compete with industry leaders like TSMC remains uncertain, and long-term success depends on securing major customers and technological advancement.
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xAI's finance chief steps down after a few months on job, WSJ reports - The Economic Times
Economic Times
·
1d ago
Medial
Mike Liberatore, the finance chief of Elon Musk's xAI, has stepped down after just a few months, amid rising competition in the AI industry from giants like OpenAI and Google. He had joined xAI as the chief financial officer in April but left by the end of July. Previously at Airbnb, Liberatore was involved in major financial moves for xAI, including debt raising and strategic investments. His departure follows other notable exits from the company.
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