Sources: OpenAI is scouting local partners to set up a 1GW+ data center in India, although the exact timeline is unclear; Sam Altman is set to visit this month
OpenAI is seeking to build a massive new data center in India that could mark a major step forward in Asia for its Stargate …
An in-depth look at India's quick commerce boom, driven by Blinkit, Zepto, and Instamart, which have collectively lost more than $1.4B in the past four years
Bloomberg : X: @sankalp_sp . LinkedIn: Sankalp Phartiyal X: Sankalp Phartiyal / @sankalp_sp : Three startups in India are delivering everything from iPhones to ice cream at your d...
How Swiggy beat Amazon to fast grocery deliveries in India by using an army of gig workers, mini-warehouses, and notable investors, ahead of its November 13 IPO
Bloomberg :
Samsung's stock has fallen 32% from its 2024 peak on July 9, losing $122B from its market cap, more than any other chipmaker worldwide, over AI and foundry woes
- Stock sheds more value than any chipmaker on AI, foundry woes — Samsung is ‘losing its technology leadership’: Pictet's Lee
Sources: Apple's iPhone exports from India rose 33% YoY to ~$6B in the six months through September 2024, putting 2025 exports on track to pass FY 2024's ~$10B
- Exports of device rise a third in six months through September — Apple continues India push to reduce reliance on China
India's Supreme Court strikes down a tribunal order that let Byju's settle debts with India's cricket board, pushing the edtech startup firmly toward insolvency
Bloomberg :
Analysis: Indian startup VC funding has dwindled, depriving India of capital needed to grow its economy, as the valuation of top companies like Byju's implodes
Byju's, Paytm falter in stark reminder of the unique risks and challenges facing the country's tech economy. X: @sankalp_sp . Forums: Hacker News X: Sankalp Phartiyal / @sankalp_sp...
Paytm parent One 97 Communications reports a $66.1M net loss in Q4, up from $20.11M in Q4 2023, on $272.3M revenue, as it grapples with a regulatory clampdown
Manish Singh / TechCrunch :
Sources: Apple assembled $14B worth of iPhones in India in the past fiscal year, doubling production YoY; Apple now makes as much as 14% of its iPhones in India
- It now assembles about 1 in 7 of its iPhones from India — That ramp-up suggests an accelerating shift from China
How deepfake porn victims in NYC suburb Levittown helped convict the perpetrator, a former classmate, an ordeal further complicated by the lack of clear US laws
A group of young women in a New York City suburb, horrified to learn their photographs had been manipulated and posted online, took matters into their own hands. Bluesky: @leahnyle...
The stocks of Apple suppliers Cirrus Logic and AAC fall 12%+ and 14%+, respectively, after Ming-Chi Kuo said iPhone 15 Pro models won't have solid-state buttons
- Shares of Cirrus Logic fell after Apple analyst Ming-Chi Kuo said the next iPhone wouldn't feature expanded use of Cirrus' technology …
Sources: Apple lobbied for changes to India's labor law in the Tamil Nadu state, where Foxconn has its largest iPhone plant, to help expand local production
Sankalp Phartiyal / Bloomberg :
Sources: Apple's iPhone exports from India crossed $1B since April 2022 and could reach $2.5B by March 2023, up from $1.3B in the year ending March 2022
Apple Inc.'s iPhone exports from India crossed $1 billion in the five months since April, according to people familiar with the matter …
Bloomberg Intelligence: Apple moving just 10% of its production capacity out of China, where ~98% of iPhones are made, would take around eight years
Supply Lines is a daily newsletter that tracks Covid-19's impact on trade. Sign up here, and — American companies have had a growing list …
An interview with Paytm CEO Vijay Shekhar Sharma on the company's $1B annual revenue goal, post-IPO stock price crash, giving investors more info, and more
Paytm was the poster boy for India's tech startups, only to lose two-thirds of its value since its IPO and become a symbol of the industry's crash. Tweets: @saritharai and @sankalp...