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Key Facts

Key PlayersBloomberg, JPMorgan, Citadel

AI AdoptionAdvanced

Use CasesFraud Detection, Algorithmic Trading, Risk Assessment

Top News

Kunal Shah takes WhatsApp helm as Meta doubles down on AI agents and fintech expansion

Meta has appointed Kunal Shah, founder of Cred, as the new global head of WhatsApp, replacing Will Cathcart. The move signals Meta's aggressive push into financial services and AI, with India's 500+ million WhatsApp users positioned as a testing ground for AI agents and conversational commerce.

Business3 sources

Kunal Shah takes WhatsApp helm as Meta doubles down on AI agents and fintech expansion

Business3 sources

EA exec claims AI in game development sparks creativity, but layoffs tell a different story

Electronic Arts' Laura Miele says AI tools are removing tedious tasks from game development and accelerating creativity at EA studios. But with hundreds of layoffs following the company's $55 billion Saudi acquisition and $20 billion in debt, employees suspect AI is being used to justify workforce cuts rather than enhance creative output.

Technology2 sources

EA exec claims AI in game development sparks creativity, but layoffs tell a different story

Technology2 sources

Backbase Acquires Kasisto to Advance Agentic Banking with AI-Native Solution

Dutch fintech Backbase has acquired Kasisto, an agentic AI platform serving 47 banking clients including JPMorgan Chase, TD Bank, and Westpac. The deal aims to create the first AI-native solution built specifically for agentic banking in regulated financial services, moving banks from isolated AI deployments to unified, governed intelligent execution.

Business2 sources

Backbase Acquires Kasisto to Advance Agentic Banking with AI-Native Solution

Business2 sources

Backblaze stock surges 32% on $335M CoreWeave deal for AI data storage infrastructure

Backblaze shares jumped 32% following a five-year, $335 million multi-exabyte data storage agreement with CoreWeave. The deal positions Backblaze to provide HDD-based storage tiers supporting AI Object Storage, helping optimize data placement for AI workloads across training, inference, and retrieval-augmented generation.

Business3 sources

Backblaze stock surges 32% on $335M CoreWeave deal for AI data storage infrastructure

Business3 sources

Zeta Global stock surges 9.9% as Palantir partnership unveils AI marketing infrastructure

Zeta Global shares climbed 9.9% in premarket trading after announcing a strategic Palantir partnership to build enterprise AI infrastructure for marketing. The collaboration will rearchitect Zeta's Data Cloud on Palantir's Foundry platform, with the AI-powered intelligence layer Athena converting enterprise data into real-time marketing decisions at scale.

Technology2 sources

Zeta Global stock surges 9.9% as Palantir partnership unveils AI marketing infrastructure

Technology2 sources

SoFi acquires Composer to bring AI investing tools to retail investors with natural language

SoFi Technologies acquired Composer Securities to launch Composer by SoFi, an AI-powered investment platform announced Tuesday. The platform enables retail investors to create, test, and automate investment strategies using everyday language, accessing over 2,000 community-built strategies. CEO Anthony Noto says the acquisition strengthens SoFi's ability to deliver sophisticated investing tools as AI becomes foundational to investing.

Technology2 sources

SoFi acquires Composer to bring AI investing tools to retail investors with natural language

Technology2 sources

Info Edge's AI investments now worth Rs 1,827 crore as Bikhchandani bets big on deeptech

Sanjeev Bikhchandani's Info Edge has invested Rs 1,003 crore in 54 AI and deeptech startups since 2020, now valued at Rs 1,827 crore. The company's AI portfolio shows a 2.1x return multiple with 31% IRR, while its broader startup investments across 135 companies have grown from Rs 4,900 crore to Rs 41,300 crore, delivering an 8.4x multiple.

Business2 sources

Info Edge's AI investments now worth Rs 1,827 crore as Bikhchandani bets big on deeptech

Business2 sources

Tech selloff deepens as AI cost fears and hawkish Fed expectations trigger 2% Nasdaq plunge

Wall Street futures tumbled Tuesday with Nasdaq futures falling over 2% as investors grapple with dual pressures: mounting concerns about debt-funded AI spending and expectations of a more hawkish Federal Reserve. Semiconductor stocks led the decline, with major chipmakers dropping between 3.8% and 9%. The selloff threatens to erase over $1 trillion in Nasdaq 100 market value if losses hold.

Business3 sources

Tech selloff deepens as AI cost fears and hawkish Fed expectations trigger 2% Nasdaq plunge

Business3 sources

TallyPrime 7.1 Launches TallyIra, Its First AI-Powered Capability for Business Automation

Tally Solutions unveiled TallyPrime 7.1, featuring TallyIra as its first AI-powered capability. The release includes Docs by Ira, which automates document processing and reduces manual effort by up to 80%, alongside enhanced invoice personalisation and ICICI Bank integration for seamless banking operations.

Technology2 sources

TallyPrime 7.1 Launches TallyIra, Its First AI-Powered Capability for Business Automation

Technology2 sources

Tech Stock Selloff Shakes Global Markets as Investors Question AI Spending Returns

A sharp tech stock selloff sent the Nasdaq down 2% on Tuesday as investors questioned whether massive AI spending will deliver promised returns. Semiconductor companies including Nvidia and Micron led the decline, triggering a global market correction that spread from Wall Street to Asian markets. The sell-off raises fundamental questions about AI stock valuations after a relentless three-month rally.

Business8 sources

Tech Stock Selloff Shakes Global Markets as Investors Question AI Spending Returns

Business8 sources

SpaceX raises $25 billion in bond debut as AI expansion draws massive investor interest

Elon Musk's SpaceX has launched a $25 billion bond offering that attracted nearly $85 billion in orders, marking the company's first investment-grade debt issuance. The proceeds will refinance a bridge loan and support SpaceX's capital-intensive AI ambitions, requiring tens of billions for data centers, computing hardware, and power infrastructure as the newly public company expands beyond rockets.

Business3 sources

SpaceX raises $25 billion in bond debut as AI expansion draws massive investor interest

Business3 sources

UPI and Aadhaar Banking Drive 61% of MSME Transactions as AI Adoption Surges to 71%

A new report reveals that UPI and Aadhaar banking now power 61% of transactions at semi-urban and rural MSME retail stores in India. Digital confidence is rising sharply, with 87% of retailers feeling more comfortable with digital tools than last year. AI adoption is also gaining ground, as 71% of MSME retailers now use AI tools to automate and improve daily business operations.

Business3 sources

UPI and Aadhaar Banking Drive 61% of MSME Transactions as AI Adoption Surges to 71%

Business3 sources

Dell Technologies stock surges as PowerEdge XE8812 AI server promises 50% more memory for workloads

Dell Technologies unveiled the PowerEdge XE8812 at ISC in Hamburg, a next-generation AI server built on NVIDIA's Vera Rubin NVL4 architecture that scales to 144 GPUs per rack. The stock rallied 4.7% as the announcement showcased Dell's continued partnership with NVIDIA at the frontier of high-performance computing. The system offers 50% more memory per socket and GPU than previous generations, targeting enterprise AI infrastructure expansion.

Technology2 sources

Dell Technologies stock surges as PowerEdge XE8812 AI server promises 50% more memory for workloads

Technology2 sources

Super Micro Computer stock surges 14% on analyst upgrade and new AI infrastructure blueprint

Super Micro Computer shares soared over 14% following a GF Securities upgrade from Hold to Buy with a $48 price target. The rally gained momentum as the company unveiled its Data Center Building Block Solutions Blueprint featuring NVIDIA Vera Rubin NVL4 platform at ISC 2026, showcasing liquid-cooled racks with up to 1,152 NVIDIA Rubin GPUs.

Business2 sources

Super Micro Computer stock surges 14% on analyst upgrade and new AI infrastructure blueprint

Business2 sources

Oracle cuts 21,000 jobs as AI adoption and massive infrastructure investments reshape workforce

Oracle reduced its workforce by 21,000 employees—13% of its staff—over the past year, directly citing AI adoption and deployment across operations. The database giant spent $1.8 billion on restructuring costs while raising tens of billions in debt to fund its aggressive AI infrastructure expansion. The cuts reflect a broader trend where tech companies are simultaneously reporting record revenues and eliminating jobs, with AI cited as both the growth engine and the reason for workforce reductions.

Business13 sources

Oracle cuts 21,000 jobs as AI adoption and massive infrastructure investments reshape workforce

Business13 sources

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