Meta’s Sandhya Devanathan to join OpenAI; IT stocks rally
Meta’s India and South East Asia head Sandhya Devanathan is departing after 10 years to join OpenAI. This and more in today’s ETtech Top 5.
Digital India, space programs, AI governance, cyber initiatives, and scientific research.
Meta’s India and South East Asia head Sandhya Devanathan is departing after 10 years to join OpenAI. This and more in today’s ETtech Top 5.
The company is seeking to expand its business in Latin America, where it has a strong presence in Brazil and Mexico, but sees significant growth potential in Argentina, the region's third-largest economy.
ISRO has an ambitious roadmap for the current financial year.
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The model, called Hy4 preview, uses a "mixture-of-experts" design with 770 billion parameters in total, Tencent said, although only about 49 billion are used for any given text request.
Devanathan joined Meta in 2016 when the company's Singapore office had roughly 300 employees. Over her tenure, she worked across the ecommerce and gaming sectors in APAC, leading teams across India and Southeast Asia.
The 8.5-acre campus will be funded through a grant from the Ministry of Electronics and Information Technology (MeitY). Classes are expected to begin from September 2026 at a temporary facility at Acharya Nagarjuna University in Guntur, before shifting to the permanent Amaravati campus.
The report said data readiness is one of the biggest factors determining whether AI projects move beyond experimentation and deliver measurable business outcomes. It noted that AI systems depend heavily on the quality of the information they receive, making data infrastructure a critical foundation for businesses looking to scale AI.
SoftBank is seeking a $10 billion loan, as it looks for more funding to help refinance debt used for its investment in US tech giant OpenAI. The loan would add to SoftBank’s flurry of recent debt financing activities tied to its bet on OpenAI, including a potential bond sale of as much as $20 billion.

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The EU said that its monitoring showed that Google's spam policy demoted news media and other publishers' websites and content in Google search results, when those websites include content from commercial partners.
This unfettered access - which can be challenging to find among human gurus - is what's drawing more people to AI for spiritual guidance. This is a big step, particularly in Hinduism, where gurus are part of culture and deemed necessary to attain moksha - liberation from the cycle of birth, death and reincarnation. The word guru in Sanskrit means...
The MHS enables AI agents to operate lab and manufacturing instruments such as microscopes and robotic arms in tandem and perform complex tasks, ranging from routine drug discovery experiments to laser calibration on a quantum computer, Anthropic said.
The company's water usage effectiveness (WUE) ratio climbed to 2.40 litres per kilowatt-hour in the year to June, from 2.25 the prior year, while its power usage effectiveness (PUE) ratio, which measures how much electricity a data centre needs for cooling and other overheads, rose to 1.49 from 1.44. Both metrics have worsened for three...
At a meeting in Hanoi on Thursday, Communist Party General Secretary and President To Lam asked Qualcomm Chief Executive Cristiano Amon to increase its investment in areas including AI, semiconductors, robotics, 5G/6G, data centres and next-generation connectivity technologies, according to a government statement.
IREN shares fell more than 7% in extended trading after the company swung to a quarterly loss, driven by costs tied to retiring bitcoin mining hardware as it shifts to AI cloud services.
The chip giant stepped back from the program last week, the Journal said, adding that it could still revamp the initiative later or fold it into another program.
Companies often set up federal political action committees, called PACs, to donate to political candidates who are aligned with their corporation's policy goals. Nvidia joins other tech companies, including Meta Platforms and Alphabet's Google, in creating a committee to spend money to influence elections.
Bonta sued Amazon in 2022, accusing the company of dominating online retail with anticompetitive tactics that raise prices for consumers.
The payments company, once the crown jewel of American financial technology, received a $60.50-per-share bid from Stripe and private equity firm Advent International, which valued it at more than $53 billion, Reuters reported in July, citing sources.