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India is about tech talent availability, not low-cost options: Databricks cofounder Patrick Wendell

AI firm Databricks, which saw its valuation cross $100 billion recently, will invest "way more" than the initially planned $250 million in India, its cofounder Patrick Wendell told ET's Surabhi Agarwal in an exclusive conversation at the company's San Francisco headquarters.The company is betting on India as both a key development hub along with a key business market. The data company which counts...

Canva integrates AI-infused ‘Creative Operating System’ across its lineup

Canva debuted an updated visual suite on Thursday, with integrated AI across the platform as well as a new video editor. Canva’s calling this its “Creative Operating System,” though it’s nothing of the sort — just a creative suite tied together with AI. Canva said that its new design model can generate layout and content within seconds, and that its AI is integrated inside...

Canva announces launch of updated AI Visual Suite, Affinity integration

As part of its latest AI layer, the company announced a Canva Design Model  ...

Swiggy board to meet on November 7 to consider Rs 10,000 crore fundraise via QIP

SynopsisSwiggy will hold a board meeting on November 7 to discuss raising Rs 10,000 crore ($1.1 billion) via a qualified institutional placement (QIP). The Bengaluru-based firm said the move aims to boost strategic flexibility and stay competitive, even though it remains well-funded for its current growth plans.ETtechFood and grocery delivery company Swiggy said on Thursday that its board will meet on November 7...

As WazirX resumes operations, crypto investors question locked funds and losses

After its Singapore-based restructuring exercise, cryptocurrency exchange WazirX resumed operations from October 24, but multiple customers have questioned their steep losses or complained that they are unable to freely withdraw their assets.In response to The Hindu’s queries, WazirX confirmed that crypto withdrawals as well as INR withdrawals were both open, based on the compliance status of users, and that 85% of users’ funds...

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