@ETtech

Breaking news, insights & smart analysis on the business of technology, startups & the new economy in India, from the reporters at The Economic Times.

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ettech.com
Joined February 2015
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🗞️ Applied Materials plans to export products designed and developed in India to every advanced fab in the world, Prabu Raja, president of the company’s Semiconductor Products Group (SPG), told ET.
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The US company that supplies equipment and services for semiconductor manufacturing is set to invest about $5 billion over 10 years in Bengaluru for a new research and development facility. Read the full story here 👇 economictimes.indiatimes.com…

Applied Materials' Prabu Raja says $5 billion investment in India to drive firm's global R&D - The...

The US company that supplies equipment and services for semiconductor manufacturing is set to invest about $5 billion over 10 years in Bengaluru for a new research and development facility.

economictimes.indiatimes.com
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💵Fujifilm is investing about Rs 800 crore to establish a semiconductor materials plant in the Dholera Special Investment Region (DSIR) in phases.
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It also signed a strategic memorandum of understanding with Tata Electronics to accelerate the development of India’s semiconductor materials ecosystem around the latter’s upcoming fab in Dholera, Gujarat Read more at: economictimes.indiatimes.com…

Fujifilm bets on semiconductors to drive India growth; inks pact with Tata Electronics - The...

Fujifilm Thursday said it is investing about Rs 800 crore to establish a semiconductor materials plant in the Dholera Special Investment Region (DSIR) in phases. It also signed a strategic memorandum...

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It also signed a strategic memorandum of understanding with Tata Electronics to accelerate India’s semiconductor materials ecosystem Read more at: economictimes.indiatimes.com…

Fujifilm bets on semiconductors to drive India growth; inks pact with Tata Electronics - The...

Fujifilm Thursday said it is investing about Rs 800 crore to establish a semiconductor materials plant in the Dholera Special Investment Region (DSIR) in phases. It also signed a strategic memorandum...

economictimes.indiatimes.com
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🗞️ As safety concerns rise, Anthropic said on Friday it would partner with Accenture for the independent evaluation of its frontier AI models, with the companies each committing at least $1 billion over the next five years to build capacity for the work.
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The partnership comes as AI developers face growing pressure from regulators, companies and researchers to ensure their advanced models are safe and reliable. Read more at: economictimes.indiatimes.com…

Anthropic, Accenture to invest $2 billion in AI model evaluation as safety concerns rise - The...

The partnership comes as AI developers face growing pressure from regulators, companies and researchers to ensure their advanced models are safe and reliable.

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🆕 A steep rise in electronic goods prices is expected to push shoppers toward financing options this festive season, boosting business for consumer credit and point-of-sale loan providers such as Lazypay, Amazon Pay Later, Flipkart Pay Later, Paytm Postpaid, and Bajaj Finserv.
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👉 Products such as mobile phones, laptops and consumer durables have become costlier, partly due to an AI-driven rise in memory chip costs. 👉While this is likely to weigh on sales volumes, industry and analyst estimates suggest sales values will grow due to the price hikes.
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Checkout financing may get festive boost as electronics turn costlier By @AyantiBera & @dishaacharya_ economictimes.indiatimes.com…

Checkout financing may get festive boost as electronics turn costlier - The Economic Times

Products such as mobile phones, laptops and consumer durables have become costlier, partly due to an AI-driven rise in memory chip costs. While this is likely to weigh on sales volumes, industry and...

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💻 Gemini model accessed the internet and hacked other companies during a test of its cybersecurity capabilities, the first known example of Google AI systems autonomously committing such an act, the Wall Street Journal reported on Friday.
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The hacks occurred in May during a cybersecurity test conducted by Irregular, an independent company that conducts cybersecurity evaluations, according to the report. Read the full story here 👇 economictimes.indiatimes.com…

Gemini hacked three companies in first known breakout by Google's AI: WSJ - The Economic Times

The hacks occurred in May during a cybersecurity test conducted by Irregular, an independent company that conducts cybersecurity evaluations, according to the report.

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💰OpenAI expects to burn through $278 billion in cash between 2026 and 2030 as it ramps up spending on computing power and infrastructure, the Financial Times reported on Friday.
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The projection highlights OpenAI's funding needs as it seeks fresh investment. The ChatGPT maker had held talks with investors that could value it at about $1.2 trillion ahead of a potential listing. Read the full story here 👇 economictimes.indiatimes.com…

OpenAI forecasts cash burn near $280 billion by 2030: Report - The Economic Times

The projection highlights OpenAI's funding needs as it seeks fresh investment, with the FT reporting earlier this week that the ChatGPT maker had held talks with investors that could value it at...

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🚨 India has already hit global benchmarks in the #semiconductor sector, with products developed and exported from the country meeting world standards in terms of quality and cost, electronics and information technology minister @AshwiniVaishnaw said on Friday.
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Speaking to the press on the sidelines of Semicon India Summit 2026, Vaishnaw said the growth of the ecosystem in India has given the government confidence that more than 100,000 new jobs will easily be created in the semiconductor industry in the near future.
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India globally competitive in chips: Ashwini Vaishnaw Read here: economictimes.indiatimes.com…

India globally competitive in chips: Ashwini Vaishnaw - The Economic Times

Speaking to the press on the sidelines of the annual Semicon India Summit 2026 in the capital, Vaishnaw said the growth of the ecosystem in India has given the government confidence that more than...

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💵 The NPCI has no immediate plans for a special daily cap on repeated UPI payments to the same merchant, a measure that could prevent businesses from splitting larger bills into transactions of Rs 2,000 or less, people in the know said.
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📌The framework and FAQs announced by the NPCI do not require such payments to be combined when they relate to one bill. 📌Nor does NPCI plan to aggregate such payments over another defined period, the people quoted above said.
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Splitting UPI payment to sidestep MDR? No daily cap for now By @pranavmukul & @patwardhannn economictimes.indiatimes.com…

Splitting UPI payment to sidestep MDR? No daily cap for now - The Economic Times

Under the framework effective October 15, regular merchant payments above Rs 2,000 will attract a 0.4% merchant discount rate (MDR), capped at Rs 300 for transactions of Rs 75,000 or more.

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