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A recent survey shows that 36% of Indian enterprises are now budgeting for Generative AI (GenAI), with 24% in the experimentation phase. However, only 15% have deployed production-level AI workloads, and a mere 8% can accurately measure AI-related costs. Sectors like technology, life sciences, and financial services are at the forefront of AI adoption, driving innovation and transforming traditional industries, while Indic AI models are gaining traction.

Venture capitalists are wary of funding 10-minute food delivery startups due to scalability issues and fierce competition from established players like Swiggy and Zomato. While new entrants such as Swish and Zing are emerging, they struggle to match the infrastructure and customer data dominance of existing giants. Quick-delivery models face operational hurdles, particularly in delivering freshly cooked meals on time, requiring advanced technology and strategically placed cloud kitchens. These challenges make it tough for newcomers to succeed without substantial investment.

Indian tech firms such as Netweb Technologies, Anant Raj, and Micromax are capitalizing on the launch of the cost-effective AI model DeepSeek R1, which competes with pricier US options. Netweb and Anant Raj saw their stock prices jump 10%, while Micromax expects a boost in demand following its JV, Mi-Phi, entering AI memory chip production. Netweb predicts its AI server revenue will grow to 18-20% of total business within two years.

OpenAI CEO Sam Altman recently praised Chinese startup DeepSeek’s open-source AI model, R1, calling it “impressive” for its value and welcoming the competition. He expressed confidence in OpenAI’s ability to produce superior models and emphasized the importance of increased computing power to maintain their edge in AI development. Altman reiterated OpenAI’s focus on advancing toward artificial general intelligence (AGI), aiming to deploy it by 2025. He also hinted at accelerating some releases to stay competitive while staying committed to their research roadmap. Altman believes the next generation of AI models will amaze the world.

Amazon India has purchased 38 acres of land from Lodha Group for Rs 450 crore near Mumbai. This land will be used to develop a hyperscale data center, which is part of Amazon’s commitment to invest $12.7 billion in cloud infrastructure in India by 2030

Myntra, Flipkart’s fashion arm, has successfully turned around its financial performance, reporting a net profit of Rs 30.9 crore in the fiscal year 2024. This marks a significant improvement compared to the Rs 782 crore loss incurred in the previous year. This turnaround is attributed to a combination of revenue growth and effective cost management strategies.

Mobile Premier League (MPL) has expanded its operations by acquiring CloudFeather Games, a company specializing in gaming infrastructure. This acquisition aims to enhance MPL’s technological prowess and solidify its position in the competitive gaming industry. Notably, CloudFeather Games had previously secured $1.25 million in seed funding from Lumikai, a venture capital firm focused on gaming.

Recent government data reveals that over 5,000 startups registered under the Startup India initiative have ceased operations, constituting 3.3% of the 1.52 lakh recognized startups. This information was disclosed by Minister of State for Commerce, Jitin Prasada, in a parliamentary response.

BookMyShow has made a strong comeback after the pandemic. In the financial year ending March 2024, the company saw a significant increase in both profit and revenue. Their net profit jumped by 27.6% to Rs 108.63 crore, while operating revenue surged by 43% to reach Rs 1,396.86 crore