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The Economic Times

AI recruitment platform Tern Group raises $24 million in round led by Notion Capital

by The Economic Times September 10, 2025

written by The Economic Times

Artificial intelligence (AI)-powered global recruitment platform Tern Group has raised $24 million in a funding round led by UK-based Notion Capital. RTP Global, LocalGlobe, EQ2 Ventures, and Leo Capital, along with existing investors Presight, Tom Stafford, cofounder of DST Global, and others, also participated in the round.

The recent funding brings the company’s total funding to $33 million. In the past year, Tern Group has grown 10 times, and it is operating in 13 countries, including India, the UK, Germany, the UAE, and others.

“The recent…

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September 10, 2025 0 comments

Microsoft to buy AI from Anthropic in shift from OpenAI: Report

by The Economic Times September 10, 2025

written by The Economic Times

Microsoft will pay to use Anthropic’s technology for some AI features in Office 365 apps, the Information reported on Tuesday, in a sign that the software firm is diversifying its artificial intelligence portfolio.

The move will blend Anthropic and OpenAI technology in the apps, after years in which Microsoft primarily used OpenAI for the new features in Word, Excel, Outlook and PowerPoint, the report said.

Microsoft is developing its own artificial intelligence models, while integrating DeepSeek’s models into the Azure cloud as it seeks to maximize AI…

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September 10, 2025 0 comments

Tech

India resists full crypto framework, fears systemic risks, document shows

by The Economic Times September 10, 2025

written by The Economic Times

India is leaning towards not creating legislation to regulate cryptocurrencies in the country and instead will maintain partial oversight, fearing that bringing the digital assets into its mainstream financial system could raise systemic risks, a government document shows.

The document, seen by Reuters, cites the Reserve Bank of India’s (RBI) view that, in practice, containing the risks of cryptocurrencies through regulation would be difficult.

Global acceptance of cryptocurrencies has improved since U.S. President Donald Trump took office and prices…

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September 10, 2025 0 comments

Trump 2.0 impact: IT targets new markets, cuts reliance on H-1B

by The Economic Times September 10, 2025

written by The Economic Times

Synopsis

This trend is in tandem with a shrinking workforce after a stupendous expansion during the after-Covid two-year period.

Agencies

Even as the threat of tariffs and taxes at its largest market, the US, looms over the $280-billion Indian IT industry, data over the last five and 10 years shows a reducing reliance on the United States.

The industry is diversifying into newer growth areas. This trend is in tandem with a shrinking workforce after a stupendous expansion during the after-Covid two-year period. The people-led…

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September 10, 2025 0 comments

India to deploy 38,000 GPUs, set up 600 data labs to strengthen AI ecosystem: MeitY

by The Economic Times September 10, 2025

written by The Economic Times

India has reaffirmed its commitment to building a robust and inclusive AI ecosystem with plans to deploy 38,000 GPUs at affordable rates and establish 600 data labs across the country, said Abhishek Singh, Additional Secretary & CEO, IndiaAI Mission, Ministry of Electronics and Information Technology (MeitY).

“India is committed to building a robust and inclusive AI ecosystem through the deployment of 38,000 GPUs at affordable rates and the establishment of 600 data labs to accelerate AI research and innovation. Embedding responsible and ethical AI…

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September 10, 2025 0 comments

Tech

Online dispute resolution platform Presolv360 raises $4.7 million from Elevation Capital, others

by The Economic Times September 10, 2025

written by The Economic Times

Online dispute resolution (ODR) platform Presolv360 has raised $4.7 million in a funding round led by Elevation Capital, with existing investor MGA Ventures and several angels participating.

The Mumbai-based startup, which primarily works in mediation and arbitration, plans to use the fresh funding to expand into other forms of dispute resolution and improve its legal-tech infrastructure.

Online dispute resolution platforms are tech-enabled solutions that resolve disputes without traditional court proceedings. India currently has multiple platforms…

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September 10, 2025 0 comments

PwC launches gen AI ‘colleague’ for tax functions

by The Economic Times September 9, 2025

written by The Economic Times

PwC India on Tuesday introduced a generative artificial intelligence platform to help clients with tax and regulatory functions.

Billed as ‘GenAI colleague’ for tax function, the platform christened ‘Navigate Tax Hub‘ leverages advanced AI, PwC’s tax expertise, and secure document integration to drive efficiency, accuracy, and value for tax teams, according to a statement.

It is aimed at driving efficiencies in the tax function and also helps the tax teams become much more effective and value-adding to the organisation, it said.

“We see technology not…

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September 9, 2025 0 comments

Funding

Data security startup Aurva raises $2.2 million in round led by Nexus Venture Partners

by The Economic Times September 9, 2025

written by The Economic Times

Aurva, a platform focussed on access monitoring and artificial intelligence (AI) observability, has raised $2.2 million in a funding round led by early-stage venture capital firm Nexus Venture Partners.

The round also saw participation from DeVC (backed by Z47), and angel investors including former Meta executives Chris Bream, Rahul Sood, and Karandeep Anand, Postman founders Ankit Sobti and Abhinav Asthana, and Cyware founders Akshat Jain and Anuj Goel.

The company plans to use the funds to expand its sales and marketing efforts and its security…

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September 9, 2025 0 comments

Tech

Chip equipment maker Tokyo Electron to set up new Bengaluru development hub: Karnataka IT min

by The Economic Times September 9, 2025

written by The Economic Times

Japanese semiconductor equipment maker Tokyo Electron Limited (TEL) will soon establish a new development site in Bengaluru, Karnataka IT minister Priyank Kharge said on Tuesday.

The Tokyo-headquartered company is best known as a supplier of equipment to fabricate integrated circuits (IC), flat panel displays (FPD), and photovoltaic cells.

In a post on microblogging site X, Kharge said that TEL, which is the world’s fourth-largest semiconductor equipment maker, has announced a new development hub in Bengaluru. “With nearly 21% of the global market…

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September 9, 2025 0 comments

CleanTech

China’s green push may cut global fossil use by 2030, says Ember

by The Economic Times September 9, 2025

written by The Economic Times

The stage may be set for the world’s use of fossil fuels to begin dropping in about five years time, thanks to China’s rapid adoption of renewables and its increasing reliance on electricity, clean energy think tank Ember said in a report on Tuesday.

The researchers identified how fossil fuel consumption could be pressured into long-term decline, via the scale and pace of China’s own green transition, and its dominant role exporting clean energy to other countries. In 2023, one-quarter of emerging countries had leapfrogged the US in terms of the…

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September 9, 2025 0 comments

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