An Initiative by UP Govt. announced to bring AI Parks, large-scale data center infrastructure, AI Commons, and an AI University to the state.
Puch AI is a 1-year-old startup with revenue of less than ₹50 Lakh/year, and valued at ~₹400 crores. Currently they have a WhatsApp chatbot as a product.
Source: Yogi Adityanath
Meta's planning these cuts (per Reuters) to offset exploding AI infrastructure costs, such as billions in data centers, GPUs, and training for their Llama models and AGI push, while betting AI tools will supercharge productivity so fewer employees can handle the load.
No date has been set for the cuts and the magnitude has not been finalized, the people said.
If Meta settles on the 20% figure, the layoffs will be the company's most significant since a restructuring in late 2022 and early 2023 that it dubbed the "year of efficiency." It employed nearly 79,000 people as of December 31, according to its latest filing.
The company laid off 11,000 staffers in November 2022, or around 13% of its workforce at the time. Around four months later, it announced it was cutting another 10,000 jobs.
Source: Reuters
The relocation comes more than a decade after Flipkart moved its headquarters overseas. The company is targeting a stock market debut in India in the financial year ending March 2027, people familiar with the company told TechCrunch.
Walmart-owned Flipkart’s IPO plans come as the country’s e-commerce market expands rapidly, thanks to a growing internet user base that’s already crossed a billion subscribers. The relocation mirrors a broader trend of Indian startups, including Zepto and Groww, relocating their overseas holding structures back home in recent years as they seek to go public. Groww went public last year, while Zepto filed confidentially for an IPO in December.
Flipkart’s gross merchandise value reached about $30 billion in 2025, sources told TechCrunch, up from roughly $23 billion in 2021. The platform has more than 500 million customers and 1.6 million sellers across the country, while its logistics arm Ekart delivers to more than 22,000 PIN (Postal Index Number) codes nationwide.
Founded in 2007 in Bengaluru, Flipkart was one of several Indian startups to set up overseas holding structures as they sought to attract foreign investment, benefit from tax advantages, and better navigate India’s regulatory environment at the time. In 2018, Walmart acquired a majority stake in Flipkart for $16 billion.
India has been encouraging more technology companies to list domestically as companies seek greater regulatory clarity and simpler tax structures by moving their headquarters back home.
Flipkart announced plans to move its headquarters back to India in April 2025. By September, the restructuring had received in-principle approval from a Singapore court, while hearings related to the shift were also held before India’s National Company Law Appellate Tribunal, people familiar with the matter told TechCrunch at the time.
“Flipkart has received Government of India approval for its internal restructuring, pursuant to which Flipkart Internet Private Limited is now the holding entity of the Flipkart group. This completes the redomiciliation of the Flipkart group to India, a significant milestone that reflects our deep and long-term commitment to India,” a company spokesperson said.
Source: TechCrunch
Roll-out of an AI-powered, secure and engaging messaging experience for millions of users in India, setting a new benchmark for a secure carrier-backed messaging service.
Airtel’s network intelligence to be combined with Google’s Rich Communications Services (RCS) platform and spam filtering for enhanced protections that significantly reduce mobile spam and digital fraud.
This will solve for the critical protection gap in non-telco communication platforms and standalone apps that are being increasingly been exploited by sophisticated bad actors, becoming common tools for financial fraud and invasive spam.
By extending the accountability of telecom-grade safeguards to the modern messaging experience, the messaging service will foster trust in enterprise communications by enabling enterprise customers to easily distinguish legitimate business messages from spam and stay protected.
The solution will also enable brands to build deeper engagement with their customers who will feel safer and in more control. This will, in turn, lead to enduring customer relationships which are imperative for business growth and success.
Source: Airtel
Jack's tweet:
we're making @blocks smaller today. here's my note to the company.
today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone.
first off, if you're one of the people affected, you'll receive your salary for 20 weeks 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay.
we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly.
i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures.
a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers.
we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold.
to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward.
to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow.
Apple Inc. is in discussions with key Indian banks and global card networks in preparation to start Apple Pay in the world’s most populous country.
Source: Bloomberg
Stripe is considering a deal to buy some or all of PayPal Holdings, sources told Bloomberg, though talks are still in their very early stages and the deal may not happen.
The news comes the same day Stripe released its annual letter, giving updates on the business. The big news was that Stripe is making a tender offer that values the company at $159 billion, a 74% increase from last year. The investors buying employee shares this time around include Andreessen Horowitz and Thrive Capital. Stripe will also buy back some stock, the letter said.
The latest valuation again makes Stripe one of the industry’s most valuable private companies. Based in Dublin, Stripe’s co-founder and CEO, Patrick Collison, told CNBC recently that going public was not on his list of priorities. PayPal Holdings (which includes the flagship product PayPal and its services, as well as other companies like Venmo) is currently a publicly traded company, with a market cap of around $40 billion.
PayPal’s stock rose slightly after reports of Stripe’s interest in an acquisition. Stripe declined to comment.
Source: TechCrunch
As per a statement from the Gates Foundation, Bill Gates will not be delivering keynote address at India AI Summit 2026, and instead the Gates Foundation will be represented by President of Africa and India Offices - Ankur Vora.
Source: Gates Foundation
Galgotias University was accused of showcasing commercial robot (Unitree Go2 robot) as built by the university, at Delhi AI Summit. They put out a statement after the dispute.
Now reports are coming in that they have been asked to vacate the AI Impact Summit.
Source: ANI
