TECHNOLOGY
Meta India's net profit jumps 43% to Rs 505 crore in FY24; Gross ad revenue up 24%
India is the largest market for Meta's family of apps, which includes Facebook, Instagram, and WhatsApp, with a combined user base of over a billion monthly users.
BUSINESS
Google India's FY24 revenue surges 26% to Rs 5,921 crore; Net profit at Rs 1,425 crore
Google India's gross advertising revenue grew to Rs 31,221 crore for the financial year, a 11.3% increase YoY from Rs 28,040 crore in the past year
TECHNOLOGY
Meta's Llama 4 set for early 2025 debut, starting with smaller models, says Mark Zuckerberg
Meta's Llama 4 launch is expected to further escalate the intense competition among rivals Google, OpenAI, Microsoft and xAI, who are racing to outdo each other in debuting their next-gen AI models
TECHNOLOGY
Meta AI has more than 500 million monthly active users, says Mark Zuckerberg
Meta chief executive Mark Zuckerberg said that their AI investments require serious infrastructure, hence the company will continue to make significant investments in technology
STARTUP
Nazara Tech's Datawrkz buys London-based growth marketing agency Space & Time
Space & Time is Datawrkz's first acquisition and it is expected to fuel the company's growth ambitions across Europe and North America
TECHNOLOGY
YouTube surpasses $50 bn in revenue in last 4 quarters, says Google's Sundar Pichai
In recent years, Google has taken several steps to grow YouTube's subscription revenue, including a global crackdown on adblockers and hiking the prices of its premium subscription
TECHNOLOGY
Sundar Pichai says more than 25% of Google's new code is generated by AI
Google CEO Sundar Pichai said that their long term focus and investment in AI are paying off and driving success for the company and its customers
STARTUP
BGMI maker Krafton backs IMM Investment's maiden India fund as anchor investor
IMM India Fund has made its first investment in Mumbai-based beauty and personal care brand Sugar Cosmetics through a secondary transaction.
TECHNOLOGY
YouTube partners Flipkart, Myntra for India shopping push
YouTube has extended its online shopping affiliate service in the middle of the festival sales season, considered to be the most crucial period for e-commerce platforms
TECHNOLOGY
Infosys chairman Nandan Nilekani: ‘Let the big boys in the Valley build LLMs; we will use it to solve real-world problems’
India will have high quality, accurate inference at low cost and population scale in the next 12-18 months, says Nandan Nilekani
TECHNOLOGY
'Godfather of AI' Yann LeCun on what 20-year-olds should do to thrive in the AI era
India must take greater participation in the research community, not just in engineering and product development, said Meta's chief AI scientist Yann LeCun
TECHNOLOGY
AI pioneer Yann LeCun: India must embrace open source, invest in research to become an AI hub like France
In an interview to Moneycontrol, Meta's Yann LeCun expressed optimism about the benefits of artificial intelligence and calls out any harm arising from it as ‘science fiction’ at this point.
BUSINESS
Can Indus rival BGMI in India's increasingly competitive Battle Royale gaming space?
Indus is betting big on 'Baazigar' moments through features like Cosmium and Grudge to woo gamers. While the game is planning on global rollout, its priority market remains India for now
STARTUP
Skill-gaming unicorn MPL's parent firm's FY24 revenue jumps 22% to $130 million
M-League, the parent firm of Mobile Premier League (MPL) and GameDuell, said it broke even with an adjusted EBITDA of $0.2 million
BUSINESS
SurveyMonkey’s free product so good, hard to convert Indian users to paid plans: CEO Eric Johnson
25% of SurveyMonkey's R&D efforts will happen in India by 2025, Johnson said. The online survey platform has moved the development of several functions like market research and audience to the country.
BUSINESS
Netflix Q3 results: APAC revenue climbs 19% to $1.13 Bn, led by strong content in India
Netflix added 5.1 million paid members globally during the third quarter, taking its total subscriber base to 282.72 million.
TECHNOLOGY
Google's search boss Prabhakar Raghavan becomes chief technologist amid company reshuffle
Google's core search business is encountering its biggest challenge in over a decade amid renewed competition from rivals such as Microsoft and OpenAI
TECHNOLOGY
Google licenses its AI model to help Indian firms detect early blindness in diabetic patients
Google is also collaborating with Saahas Zero Waste to support urban waste recycling, while providing developers access to its Agricultural Landscape Understanding (ALU) Research API.
BUSINESS
SurveyMonkey sets up office in Bengaluru to boost its global expansion strategy
SurveyMonkey has hired about 50 people in Bengaluru and plans to double its base by March 2025, CEO Eric Johnson has said
TECHNOLOGY
Amazon Prime Video to introduce ads in shows, movies in India starting 2025
Amazon plans to offer a new ad-free option at an extra fee to Indian customers at a later date. The firm will however not change the price of Prime membership in 2025.
TECHNOLOGY
YouTube to offer more granular playback speed controls, collaborative playlists, and more
YouTube is also rolling out a range of visual and product enhancements over the next few weeks to improve the user experience
TECHNOLOGY
Google's Hema Budaraju shares why India is crucial to the future of AI innovation in search
India is leading the way in adopting many of Google's innovations, and AI can be a driving force behind the tech giant's progress in the country, says the senior director of product management for search at Google
TECHNOLOGY
Google ups AI game in India with localised search, Gemini expansion, skilling, and more
Google unveiled a slew of AI-powered products, features, and enhancements to users and businesses at its 10th Google for India event.
INDIA
Bengaluru airport set for Dosa wars: CTR vs Rameshwaram Cafe
Bangalore International Airport Limited (BIAL) sources told Moneycontrol that two of Bengaluru's popular dosa joints: CTR and Rameshwaram Cafe will be setting up outlets at the airport.
