Meta weighs big equity raising to finance AI infrastructure: FT

Meta ​is ​considering raising tens of ‌billions ⁠of ⁠dollars ​in a stock ​offering as ​it ⁠seeks new ‌sources ​of ​capital ⁠to fund the ​company's AI ​ambitions, according to a report by the Financial ‌Times.

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Jobless growth in IT: Revenue grows, headcount stagnates

India's top IT companies are achieving revenue growth with stable employee numbers. This trend highlights a shift towards automation and improved productivity. Job openings have decreased, indicating a more selective hiring approach. Companies are focusing on delivering integrated business outcomes rather than expanding teams for individual projects. This strategy allows for more efficient operations and growth.

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Peak XV in talks to back Ringg AI as voice AI gains attention: Sources

Peak XV Partners is reportedly leading a $10 million funding round for Bengaluru-based voice AI startup Ringg AI, highlighting investor enthusiasm for the technology. This move underscores the growing recognition of voice AI beyond call centers, with investors now segmenting the market into various applications. The trend signals a significant shift towards voice as a primary interface, especially in India.

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FirstClub raises $55 million from Peak XV, Sofina; valuation doubles to $255 million

Quality-focused grocery delivery startup FirstClub has secured $55 million in a Series B funding round led by Peak XV Partners and Sofina, valuing the company at $255 million. The capital will fuel expansion into new cities, enhance supply chain and technology, and broaden product categories.

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IT firms spend big on acquisitions as AI hits growth

Indian IT firms are buying smaller companies to boost growth. Acquisitions are happening due to AI's impact on pricing and organic growth. Companies are spending billions to gain clients and market share. These deals help IT providers enter new markets and offer expanded services. This strategy aims to counter revenue pressures and vendor consolidation.

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Microsoft showcases new PC, cloud AI tools at developer conference

Microsoft's Build conference showcased the new Surface RTX Spark Dev Box. This powerful machine features an Nvidia chip, promising to bring advanced AI directly to personal computers. Microsoft aims to enhance AI safety for its Windows users and compete with rivals in the cloud and PC markets.

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Japan's MUFG readies $250 million India fund as new investors emerge with bold bets in Indian startup market

Japan's MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus on early and growth-stage companies, especially in fintech. This move comes as other major investors have slowed their activity. MUFG's initiative aims to fill this gap, backing India's digital growth. The fund could expand to $400 million.

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