πππ¦π’ππ‘π ππ‘ππ«π¦π
@samidhas
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Editor @ETtech.π₯π₯Subscribe to ETtech newsletters https://t.co/YdhriWHC8c , π§π§ [email protected]
Bombay/Bangalore βοΈ
Joined November 2008
π¨π¨ Today, I finally got down to launching Full Stack, a separate space for my opinions, views & commentary on the new economy. Why Full Stack? Cos these will be rounded, balanced views & talk as much about tech companies & startups as the people who inhabit itβ¦
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π¨π¨Our interview with UK chipmaker Graphcoreβs CEO Nigel Toon on their $1.3 billion investment commitment in India @PratikBhakta_89 @ETtech
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π¨π¨ IMP story by @pranavmukul and @dishaacharya_ today on supply chain disruptions affecting Blinkit The quick commerce platform is facing disruptions at some of its large warehouses in Haryana, Delhi, Mumbai, and Bengaluru. This is due to the double whammy of festive demand
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π We reported last month about the supply chain strain in ecomm ahead of the festive season. Today, @dishaacharya_ and I write for @ETtech about disruptions at Blinkit, India's largest quick commerce player. More below:
ποΈπImportant today for @ETtech: π₯Indiaβs festive ecommerce sales are set to hit a record Rs 1.2 lakh crore this year, up 26% from 2024. But behind the optimism lies a brewing crunch. π₯Warehouses and delivery networks are already straining under demand. π
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β οΈ Festive rush hits Blinkit! Indiaβs largest quick commerce player is facing major warehouse disruptions in Delhi, Mumbai, Bengaluru & Haryana just as Diwali demand peaks. Here's what's going on π
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Softbank-owned chipmaker Graphcore will invest $1.3 billion in India over 10 years: CEO Nigel Toon https://t.co/3h1Hgtv89E
economictimes.indiatimes.com
Graphcore, a UK chip firm, will invest $1.3 billion in India over the next decade. The company is opening its first office in Bengaluru, hiring 100 AI engineers initially. This move taps into India's...
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Softbank-owned chipmaker Graphcore will invest $1.3 billion in India over 10 years: CEO Nigel Toon https://t.co/3h1Hgtv89E
economictimes.indiatimes.com
Graphcore, a UK chip firm, will invest $1.3 billion in India over the next decade. The company is opening its first office in Bengaluru, hiring 100 AI engineers initially. This move taps into India's...
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π¨π¨Our interview with UK chipmaker Graphcoreβs CEO Nigel Toon on their $1.3 billion investment commitment in India @PratikBhakta_89 @ETtech
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π The exits come as Flipkart doubles down on profitability and strengthens its own fashion play. Its recent focus includes Gen Z-friendly channels such as video commerce and influencer-led marketing.
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π¨ Few things that stand out in the IxigoβProsus deal β
This is Prosusβs first investment in a listed Indian company β till now, it has backed only private startups. Likely also the first such move by any active growth-stage tech investor in India. β
Prosus has a deep
π¨ Prosus is picking up a 10.1% stake in the online travel platform Ixigo for Rs 1,290 crore through a preferential issue Prosus may increase its stake to 16% through additional public market
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Kitchen Confidential: Bombay Sweet Shop, O Pedro parent Hunger Inc raises Rs 215 crore in funding By @pranavmukul Read more at: β¬οΈ https://t.co/Nschr9ZfAu
economictimes.indiatimes.com
Currently present only in Mumbai, Hunger Inc is planning to expand to Delhi and set up a flagship Bombay Sweet Shop there over the next 12-18 months. At present, the brand has five retail outlets and...
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Rishi Sunak takes Microsoft and Anthropic advisory jobs
ft.com
Former UK prime minister adds Silicon Valley posts to his role advising Goldman Sachs
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Read the complete newsletter here:β¬οΈβ¬οΈ https://t.co/FkySFZUHGI
economictimes.indiatimes.com
AI majors are caught in a circular investment loop and it is raising alarms. This and more in today's ETtech Top 5.
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ββ Nvidia, OpenAI, Oracle, xAI, AMD, and Microsoft are either investing in each other, selling chips to each other, or hosting each other's models.
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π’π’ A flurry of billion-dollar circular deals in the AI space has analysts drawing uncomfortable parallels with the dotcom bubble. ββ Most of these deals are centred around two industry leaders β Nvidia and OpenAI.
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π¨π¨Thereβs been a flurry of AI-related deals lately & theyβre starting to look pretty circular. OpenAI agreed to buy tens of billions of dollars' worth of chips from AMD. This comes just after AMDβs rival Nvidia announced a $100bn investment into OpenAI
ft.com
Sonja Hutson talks to Kate Duguid and George Hammond
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Anthropic is looking to double down on India partnership. It wants to build and invest in its India operation as a holistic business, across engineering, sales, etc and its hiring will reflect these plans.
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