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Happy Wednesday! Domestic mutual funds are going big on new-age startups listed on the public markets. Details on this and more in today’s ETtech Morning Dispatch.
Family offices are now betting big on Gen AI with substantial investments in local and overseas startups. This and more in today’s ETtech Top 5.
Happy Tuesday! Customers favoured digital payments for this year’s ecommerce festive sales, especially credit instruments. This and more in today’s ETtech Morning Dispatch.
Tech Bytes
New-age tech IPOs make a comeback after three-year lull; raise Rs 15,000 crore in 2024: report
In 2024, six major IPOs including Ola Electric, FirstCry and Go Digit General Insurance raked in as much as Rs 14,571 crore. This number is expected to go up as food delivery company Swiggy and fintech Mobikwik have joined the IPO queue after securing market regulator Sebi's nod.
GenAI helping HP transform the future of work, says official
HP on Tuesday unveiled a solution to share AI compute capacity by enabling sharing of GPU resources among HP workstations. It turns corporate workstations into a shareable resource and puts idle GPUs to work, without the need to procure any new assets.
'This is illegal': Elon Musk criticises OpenAI's shift to for-profit model
ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board, in a move that will make the company more attractive to investors.