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NPCI's impending 30% market share cap for third-party UPI apps is set to drastically reshape India's digital payments landscape, challenging the dominance of PhonePe and Google Pay and fostering a more competitive and diversified ecosystem by November 2024.
Indian fintech Moneyview (Finnovation Tech Solutions) has slashed its IPO fresh issue size by 50% to ₹750 Cr after receiving SEBI approval, reflecting a more cautious approach amidst evolving market dynamics for tech startups.
Sandhya Devanathan, who led Meta's India and Southeast Asia operations, has departed the social media giant to take on a leadership role at OpenAI. This significant talent migration occurs as Meta faces increasing regulatory and content moderation scrutiny in India, signaling a broader shift towards
Despite high-profile backing, critiques are emerging that Grok, Elon Musk's AI, is failing to establish a significant foothold in the competitive AI landscape. This raises questions about product-market fit and the impact of celebrity endorsement in tech.
OpenAI has appointed Prabhjeet Singh, former President of Uber India and South Asia, as its new Managing Director for India. This strategic hire underscores OpenAI's commitment to India, a rapidly growing market for AI adoption and talent.