Tech & Internet
Prosus chief investment officer Ervin Tu to step down
Prosus' vision and strategy has changed significantly over the past 10 months under CEO Fabricio Bloisi, transforming the company from an investment holding group into an operating technology company, focused on lifestyle ecommerce, within its key markets of Latin America, India and Europe. As a result, Tu feels that now is the right time to move on, said the company, controlled by South Africa's Naspers .
Elon Musk’s xAI to raise $5 billion through debt sale
Elon Musk's xAI is seeking $5 billion in debt financing, with Morgan Stanley managing the offering, to fuel its AI infrastructure expansion, including a massive data centre in Memphis. This move comes as Musk shifts focus back to his businesses after a period of political involvement. The debt package has already seen strong investor demand, exceeding $3.5 billion.
'Forest Blizzard' vs 'Fancy Bear': Microsoft, Google, Crowdstrike hope to untangle weird hacker nicknames
Microsoft, CrowdStrike, Google, and Palo Alto Networks are collaborating to create a public glossary of state-sponsored hacking groups, aiming to standardize the confusing array of nicknames currently used. This initiative seeks to improve clarity and accelerate collective defense against cyber threats.
Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig
Pradeep Parameswaran, former Uber India head, has been promoted to global head of mobility amid a leadership shake-up. He replaces Andrew Macdonald, now COO. This marks Parameswaran’s second promotion in a year. Uber continues to elevate Indian-origin executives, with key roles held by Sachin Kansal and Praveen Naga in tech leadership since October 2024.
Transforming India
Microsoft cuts hundreds more jobs after firing 6,000 last month
More than 300 employees were informed on Monday that their roles had been eliminated, according to a notice filed in Washington state and reviewed by Bloomberg. However, it was unclear which types of jobs were affected. Microsoft’s previous rounds of redundancies had primarily impacted software engineers.
Tariffs have some impact, but AI demand still outpaces supply: TSMC CEO
At the company's annual shareholders meeting in the northern Taiwanese city of Hsinchu, TSMC CEO C.C. Wei said they have not observed any changes in customer behaviour due to tariff uncertainty, and the situation may become clearer in the coming months.
What if Google just broke itself up? A tech insider makes the case.
Google is facing antitrust pressure, with courts urging major divestitures. Analyst Gil Luria suggests a bold self-breakup could unlock $3.7 trillion in value and boost innovation. Historical parallels like AT&T and Microsoft show the risks of resistance. "The likelihood of the Google board proceeding in this direction is probably less than 10%," he said in an interview.
Tata Electronics eyes Malaysia foray via chip fab acquisition
Malaysia's expertise in assembly, testing, marking and packaging (ATMP) along with its mature ecosystem, abundant skilled workforce, robust supply chain and government support make it a preferred destination, according to analysts. Also, the Malaysian government’s National Semiconductor Strategy, announced in May 2024, offers a significant incentive structure to attract investments.
Pushing value meals and 10-min food delivery to revive growth: Swiggy’s Rohit Kapoor
As the food delivery market cools, Swiggy is turning to quick meals, affordable combos, and deeper city penetration to stoke demand. In an exclusive interview with ET, Swiggy’s food marketplace CEO Rohit Kapoor said growth will come from low-frequency users and category innovation — not from city expansion.
New-age life insurance firms tap group products to boost business
Acko, Go Digit and CreditAccess, three new age life insurance players licensed in 2023, have completed their first full financial year in FY2025. Industry data shows that in their initial phase, all three have leaned heavily on group insurance policies to drive early growth. Data sourced from the Life Insurance Council reveals sharp contrasts in their premium collections.
