Explore the latest news, in-depth reports, and executive analysis tagged with #Meta.
The service is powered by the Bharat Connect (BBPS) network and provides access to 22,722 billers across 30 categories.
In a joint representation, seven UPI apps have raised concerns around competition, customer choice, market concentration, security, transaction success rates and operational complexity.
In today's Money & Machines edition, we write on the return of crypto ban debate; and iMerit's acquisition.
The app lets users build, explore, and share AI-generated “gizmos” while also offering a social feed where they can discover creations from others.
The development comes just a week after Meta announced a nearly $900 million investment in Indian fintech startup CRED and appointed its founder, Kunal Shah, as the new global head of WhatsApp.
A simple way to look at it is: Meta may have finally found a way to monetize WhatsApp; Cred gets fresh capital; and Kunal Shah gets a global role. But is that really the whole story?
Kunal Shah is stepping away from his operating role as CEO; whereas Miten Sampat will take over the role of interim CEO at Cred.
Read about Project UPI Meta (a story with backstory). Also, we write how Industrial AI is beginning to move from experimentation to scaled deployment in India’s manufacturing sector.
Public policy veteran Nirupama Soundararajan will head the Digital Precious Metals Assurance Council of India.
The company will use the fresh capital to boost financing for solar energy solutions across rural India.
The round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions, along with other investors and angels across the world.
As part of the partnership, Corning will supply fiber optic cables for its data center infrastructure.
This move reflects broader industry trends, as tech companies compete to build advanced cloud systems capable of supporting generative AI technologies.
Meta this year has been strengthening its AI investments through acquisitions and aggressively poaching talent from rivals.
Reliance Intelligence and Facebook have jointly committed an initial investment of Rs 855 crore in the JV.
Earlier this month, Andrew Tulloch, co-founder of Thinking Machines Lab, also left to join Meta.
Earlier in July, Thinking Machines Lab had attracted a whopping $2 billion in a seed funding round.
Sept 5th Edition: We track Mukesh Ambani’s entry into a novel business that even big tech businesses are trying to make sense of; and the country’s top marketplaces’ credit bet.
Reliance Intelligence will pursue the business of setting up, acquiring, holding/investing in and promoting various ventures relating to AI.
Last month, Meta struck a deal to acquire PlayAI, a voice technology startup.
