- Apple Reclaims the Crown: Apple overtook Nvidia to become the world's most valuable company as investors grew cautious about sky-high AI-chip valuations.
- InMobi Readies a $1B IPO: Adtech unicorn InMobi appointed JPMorgan and Jefferies to steer its close-to-$1-billion India IPO.
- TSMC's $265B US Bet: The world's top chipmaker raised its total US commitment to $265 billion, expanding chip capacity in Arizona.
- Paytm Stays Profitable: Paytm posted a Rs 220 crore Q1 FY27 profit with revenue up 28% to Rs 2,448 crore and is investing Rs 100 crore into Paytm Money.
International Tech News
1. Apple overtakes Nvidia as the world's most valuable company
Apple has reclaimed the No. 1 spot from Nvidia to become the world's most valuable company, as investors grow cautious about sky-high AI-chip valuations and rotate back toward Apple's steady hardware and services business. The two giants have traded the top spot repeatedly this month, and the swing shows the market rethinking whether the AI hardware boom is priced for perfection.
2. TSMC raises its US investment to $265 billion
Taiwan Semiconductor Manufacturing Company expanded its total US commitment to about $265 billion, adding more fabrication plants and an R&D center in Arizona, where its first factory now performs on par with its Taiwan facilities. The world's top chipmaker doubling down on American manufacturing reshapes the global supply chain and reduces reliance on any single region during the AI-driven crunch.
3. EU fines AliExpress ~€550 million under the Digital Services Act
European regulators fined Alibaba's AliExpress roughly €550 million for failing to prevent the sale of illegal and counterfeit goods on its platform. It is one of the largest penalties yet under the Digital Services Act and puts other marketplaces like Amazon, Temu and Shein on notice that Brussels is serious about forcing platforms to police what gets sold to European consumers.
4. Samsung cuts ~840 US jobs and moves its America HQ to Texas
Samsung is eliminating 739 positions in New Jersey and roughly 100 in Texas, and relocating Samsung Electronics America's headquarters to Texas, prioritizing its profitable AI-memory chip unit over struggling consumer-electronics divisions. Even industry giants are reshuffling headcount and budgets to fund the AI arms race, where memory and logic chips have become the most lucrative part of the business.
5. Google builds a new custom chip to make Gemini cheaper to run
Google is developing a new in-house AI server chip described as far more power-efficient than its current TPUs, designed to run its Gemini models more cheaply — reportedly one of the biggest single-generation efficiency jumps in Google's silicon program. Cheaper, more efficient chips let Google cut its dependence on Nvidia and control the cost of serving AI at scale.
6. Deezer says more than half its daily uploads are AI-generated
Music streamer Deezer revealed that over 50% of the tracks uploaded to its platform each day are now AI-generated — a sharp jump that is forcing streamers to rethink how they tag and pay for synthetic music. It shows how fast AI-generated content is flooding creative platforms, raising thorny questions about royalties and authenticity.
7. Hackers are actively exploiting patched WordPress bugs
Security researchers warn that attackers are exploiting recently patched WordPress vulnerabilities, putting millions of websites that have not yet updated at risk of being hijacked. WordPress powers a huge slice of the web, so unpatched sites are a giant, easy target for takeovers and data theft — a strong reminder to update immediately.
8. Anthropic's $1.5 billion copyright settlement is approved
A US court approved AI firm Anthropic's $1.5 billion copyright settlement with authors over its use of their work as training data — one of the largest deals of its kind. It sets an early price tag on the fight between AI developers and creators and could become a template for how future models are trained and licensed.
India Tech News
1. InMobi lines up bankers for a nearly $1 billion IPO
Adtech unicorn InMobi has appointed JPMorgan and Jefferies, among a lineup of investment banks, to steer its close-to-$1-billion India IPO — a major step toward one of the country's most anticipated listings. A successful debut would be a landmark for India's homegrown tech-and-advertising sector and add fuel to a booming IPO market.
2. Ather Energy raises Rs 1,300 crore to power its EV push
Electric-scooter maker Ather Energy raised Rs 1,300 crore through a qualified institutional placement (QIP) at Rs 1,202 per share, tapping big investors to fund expansion. Strong institutional demand signals confidence in India's electric two-wheeler market even as competition heats up.
3. Paytm posts Rs 220 crore profit and doubles down on wealth
Paytm posted a Rs 220 crore profit in Q1 FY27 with revenue climbing 28% to Rs 2,448 crore. It also scrapped a planned bonus-share issue, choosing instead to invest Rs 100 crore into its wealth arm, Paytm Money. Sustained profitability strengthens Paytm's turnaround story, and the pivot to wealth management shows where it sees future growth.
4. BlueStone stock jumps 20% on its third straight profitable quarter
Omnichannel jeweller BlueStone hit a 20% upper circuit after reporting its third consecutive profitable quarter, with revenue up 50% to Rs 737 crore and a Rs 6 crore profit. Consistent profits are winning over investors in a newly listed consumer-tech name — a rare bright spot among new-age stocks.
5. IndiaMART grows profit and eyes lending
B2B marketplace IndiaMART reported a 12% year-on-year rise in Q1 profit to Rs 172 crore, and said it plans to expand into lending services for its business customers. Moving into fintech could unlock a new revenue stream from the millions of small businesses on its platform.
6. SolarSquare closes $53 million — with MS Dhoni on the cap table
Rooftop-solar startup SolarSquare raised a $53 million Series C, notably adding cricket legend MS Dhoni as an investor, to scale its residential clean-energy business. Fresh capital and a marquee backer accelerate India's push toward household solar adoption.
7. Plazza raises $15 million for fast medicine delivery
Quick-medicine-delivery startup Plazza secured $15 million from marquee investors Accel, Elevation Capital and Nexus, betting on speedy pharmacy delivery. Quick-commerce is moving beyond groceries into healthcare essentials, where fast, reliable medicine delivery is a sticky, high-frequency use case.
8. 30 Sundays raises $6.7 million for AI travel planning
Travel-tech startup 30 Sundays raised $6.7 million (about Rs 61 crore) led by Bessemer Venture Partners to build out its AI-powered holiday-planning platform. AI-assisted trip planning is a fast-growing space, and marquee VC backing gives the startup room to expand.
9. Wealthtech startup Veriqus bags Rs 387 crore
Wealth-management platform Veriqus raised Rs 387 crore in a round led by Norwest Venture Partners to build an AI-led investment platform for Indian investors. It reflects strong investor interest in tools that help India's growing middle class invest and manage money.
10. Transition VC launches a Rs 1,500 crore clean-energy & deeptech fund
Transition VC unveiled a Rs 1,500 crore second fund to back clean-energy, climate and deeptech startups in India, expanding its focus on hard-tech bets. More dedicated capital for climate and deeptech helps seed the next wave of Indian hardware and energy innovation.
Funding & Ecosystem Round-up
- SolarSquare raised $53M (with MS Dhoni investing), Plazza pulled in $15M from Accel, Elevation and Nexus, and 30 Sundays raised $6.7M led by Bessemer.
- Veriqus bagged Rs 387 Cr (led by Norwest) for AI wealthtech, while Ather Energy raised Rs 1,300 Cr via a QIP.
- Paytm posted a Rs 220 Cr Q1 profit, IndiaMART a Rs 172 Cr profit, and BlueStone a Rs 6 Cr profit (revenue +50% to Rs 737 Cr); LenDenClub's parent grew profit 183% to Rs 96 Cr.
- Transition VC launched a Rs 1,500 Cr clean-energy & deeptech fund, and InMobi lined up bankers for a nearly $1B IPO.
Discussion