Tech & Internet
UPI spends on gaming drop 26% in August after real-money ban
UPI payments for digital goods dipped in August after a blanket ban on real-money gaming. Many companies had to shut down such services, which accounted for a substantial portion of their revenues. UPI transactions in other categories, like groceries and debt collection, remained strong. Overall, transaction volumes increased, but the total value slightly decreased compared to July.
AI era demands dynamic skills over job titles: LinkedIn’s Kumaresh Pattabiraman
LinkedIn India head Kumaresh Pattabiraman says professionals must view jobs as evolving skills, not fixed titles, to thrive in the AI era. Instead, AI is reshaping what jobs look like, and doing so very quickly, according to him.
Karnataka HC defers hearing on online gaming law pending clarity on SC hearing
Solicitor General Tushar Mehta informed the Karnataka High Court that the Centre had filed a petition in the apex court seeking transfer of pending petitions in HCs on the subject to itself. A writ petition was filed by Head Digital Works, the parent company of online gaming platform A23, challenging the law banning online real-money games. Other petitions on this matter are pending before the Delhi and Madhya Pradesh HCs.
Tesla market share in US drops to lowest since 2017 as competition heats up
The decline highlights the threat from automakers ramping up EV incentives at a difficult time for the industry. Analysts expect an EV sales bump to continue through September in the United States, then drop when federal tax credits expire at the end of the month, raising financial pressure on Tesla and other automakers.
Data center builder Fermi files for US IPO as new listings accelerate
Fermi in June announced plans to build the world's largest energy and data complex, powered by nuclear along with natural gas and solar, to meet the rising energy demands of artificial intelligence.
GST 2.0 progressive reform, game-changer for small sellers: Amazon executive
Amazon India hails the new GST structure as a progressive reform, anticipating significant benefits for small sellers and customers. The company is adapting its systems and expects record-low prices during its upcoming 'Great Indian Festival' sale. Amazon has invested heavily in infrastructure and is expanding its 'Amazon Now' quick commerce service, remaining committed to its export goals despite US tariffs.
Musk's SpaceX spends $17 billion to acquire spectrum licenses from EchoStar
SpaceX and EchoStar will enter into a long-term commercial agreement which will allow EchoStar's Boost Mobile subscribers to access SpaceX's next generation Starlink Direct to Cell service.
Chinese robotics firm Unitree eyeing $7 billion IPO valuation, sources say
If successful, Unitree's IPO would be one of the biggest and highest profile onshore tech listings in years, and would come as Beijing steps up efforts to support its tech champions in tapping capital markets for their funding needs.
Cybersecurity firm Netskope eyes up to $6.5 billion valuation in US IPO
US listings rebounded after an April slump sparked by tariff-driven market volatility, as signs of progress in trade negotiations and demand for fresh listings restored confidence in the market.
Apple iPhone event may lack sparkle, but rumored iPhone Air likely to spur upgrades
Apple’s upcoming iPhone launch faces muted expectations as rivals advance with AI. Analysts say a rumored slimmer “iPhone Air” could spark upgrades, bridge mid-price demand, and pave the way for foldables.
