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L&T Semiconductor Technologies targets $500 million in annual revenue by 2030-31. CEO Sandeep Kumar said, "We expect to generate $500 million in revenue by 2030-31." The company designs chips for power and automobile sectors. It started operations in November 2023 and now looks to grow through exports and new client projects.
IT secretary S Krishnan said the government acted within the law during recent social media takedowns after the Jantar Mantar protest. He said the Centre is now looking for ways to give more teeth to individuals against online harms. India also aims to be strategically autonomous in the AI race.
India’s telecom operators told regulators that telemarketers are bypassing official channels to send banking SMSes. Operators saw a 50-80% dip in traffic volumes from major public sector banks. "The pattern looks more like rerouting or delivery-path substitution," said an executive. This shift poses security risks and hurts telecom revenue.
Homegrown AI firm Sarvam is building an end-to-end stack to challenge global giants like Google and OpenAI. The company said its models will feature strong Indian language capabilities. By offering services five to ten times cheaper, Sarvam hopes to move towards an agentic ecosystem that supports local software and hardware.
The government is reviewing net neutrality rules to allow 5G network slicing services. Current norms, adopted in 2018, bar telcos from offering varied speeds for specialized services. An official said, "The internet will remain free and paid preferential treatment to select content like to a particular website will not be allowed."
Google’s personal AI agent can now browse in Chrome for you. Gemini Spark helps with tasks like researching flights or scheduling apartment viewings. Google said, “a human will have to push the button on tasks like making payments.” The tool also got a wider release in 160 more countries today.
Goldman Sachs Asset Management launched an artificial intelligence investing platform called AlphaAI. The firm said AI will become an important driver of investment returns across its businesses. Lou D’Ambrosio will lead the new platform. Marc Nachmann said, ”We believe AI is both reshaping industries and acting as a force multiplier.”
Meta’s free cash flow fell 91% to $784 million in the second quarter as the company spent billions on AI infrastructure. This massive splurge pushed Meta’s stock down 9% premarket on Thursday. CEO Mark Zuckerberg said, "We believe that there will continue to be a significantly higher margin on selling intelligence."
Meta shares fell after the company issued a weak revenue forecast on Wednesday. Investors worry about the massive costs of artificial intelligence projects. Mark Zuckerberg defended the spending, saying, "We believe that this is going to be a big thing." Meta plans to spend $145 billion on infrastructure this year.
Bajaj Finance aims to grow its consolidated loan book to ₹6.3–6.5 lakh crore by March 2027. The company plans to use artificial intelligence to drive this expansion. Vice Chairman Rajeev Jain said, "That's the power of consistent execution and compounding." AI-generated leads should contribute ₹14,000 crore in disbursals this year.
The European Commission might soon include ChatGPT and Roblox under the Digital Services Act. Spokesperson Thomas Regnier said a designation is "definitely possible" and could "come sooner or later" because both platforms now have many users. These companies must follow strict new rules if they get added to the list.
Nucleus Software reported a 32.19% year-on-year decline in profit to ₹23.87 crore for the quarter ended June 30, 2026. Higher operating expenses hurt earnings despite a modest revenue fall. The company now plans to use AI and better banking platforms to drive growth and create long-term value for its customers.