Tech

India’s booming tech sector hit by crisis

Published

2 years ago

March 7, 2024

India’s tech industry, once hailed as a beacon of innovation and growth, is facing a significant setback as two of its leading startups, Byju’s and Paytm, grapple with regulatory scrutiny.

The past couple of years have been a reality check for India’s corporate governance practices, according to Karan Mohla, a general partner at venture capital firm B Capital Group. Paytm, once revered as a fintech success story, has been embroiled in controversy since March 2022 when the Reserve Bank of India ordered its banking unit to cease onboarding new customers due to regulatory concerns.

The central bank’s subsequent audit revealed persistent non-compliances and supervisory concerns, leading to restrictions on Paytm’s operations, including the suspension of accepting fresh deposits.

Moreover, the company is under investigation by the federal anti-fraud agency for potential violations of foreign exchange laws.

Amidst this turmoil, Paytm’s stock price has plummeted over 70% since its IPO in November 2021, prompting major investors like SoftBank and Ant Group to reduce their stakes.

Drastic fall

Byju’s, once valued at $22 billion, has also witnessed a drastic fall in its valuation to $1 billion amidst allegations of accounting irregularities and mismanagement.

The edtech giant, which attracted substantial investments during the pandemic, is under scrutiny following an inspection ordered by the Indian government into its financial practices.

The downfall of these tech giants reflects broader challenges in India’s startup ecosystem. While the country experienced a surge in startup registrations and funding during the pandemic, funding for Indian startups plummeted by 83% in 2023 from its peak in 2021.

Byju’s valuation plummeted by 95%, and Paytm’s valuation decreased to $3 billion, indicating a sharp decline from their previous highs.

Tech

TSMC posts record profits on AI chip boom

TSMC posts record Q4 profit, driven by strong chip demand, exceeding predictions and signaling market dominance.

Published

4 days ago

January 16, 2026

Harvey Vargas

TSMC posts record Q4 profit, driven by strong chip demand, exceeding predictions and signaling market dominance.

Taiwan Semiconductor Manufacturing Company (TSMC) has posted a record net profit for the fourth quarter, driven by strong demand for advanced chips.

Net profit surged 35% year-on-year, exceeding analyst expectations and signalling a dominant position in the semiconductor market.

Quarterly revenue also rose 20.5% compared to last year, supported by robust sales in AI and high-performance computing segments. The company’s success reflects the growing global appetite for cutting-edge semiconductor technology.

Looking ahead, TSMC plans to ramp up capital expenditure, projecting investments of up to $56 billion in 2026. The positive results have sparked an upbeat reaction across global markets, highlighting TSMC’s influence in the tech sector.

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#TSMC #Semiconductors #AIChips #TechNews #HighPerformanceComputing #StockMarket #QuarterlyEarnings #TechInvesting

Tech

X restricts Grok AI as global backlash grows

X restricts Grok AI from creating sexualized images amid global backlash and regulatory concerns, aligning with UK guidelines.

Published

5 days ago

January 15, 2026

Harvey Vargas

X restricts Grok AI from creating sexualized images amid global backlash and regulatory concerns, aligning with UK guidelines.

X has announced new restrictions on its Grok AI chatbot, preventing it from generating sexualized images of women amid mounting criticism and regulatory scrutiny worldwide.

The move comes after concerns over non-consensual image manipulation sparked widespread backlash from users, advocacy groups, and authorities.

UK Prime Minister Keir Starmer confirmed that the platform’s latest changes align with British law, as Ofcom launches a formal investigation to determine whether X has violated the Online Safety Act.

Regulators are closely monitoring the situation, highlighting growing global concerns about the ethical use of AI in image generation. Critics have argued that X’s initial measures were insufficient and did not adequately address the risks associated with sexualized AI content.

The controversy has also prompted action in Southeast Asia. Malaysia and Indonesia have blocked access to Grok entirely, citing the platform’s potential to generate inappropriate content.

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#GrokAI #XPlatform #AIRegulation #OnlineSafety #KeirStarmer #AIControversy #TechNews #DigitalEthics

Tech

AI drives memory prices higher as SK hynix and TSMC expand

Explore the rising global memory market driven by AI demand and hear insights from Brad Gastwirth on industry trends.

Published

6 days ago

January 14, 2026

Harvey Vargas

Explore the rising global memory market driven by AI demand and hear insights from Brad Gastwirth on industry trends.

The global memory market is on the rise, with prices climbing steadily thanks to booming AI infrastructure demand.

Companies like SK hynix and TSMC are investing heavily in advanced packaging and new facilities to meet this unprecedented growth.

We speak with Brad Gastwirth from Circular Technologies about the forces behind this upward momentum. From the difference between AI-driven and consumer-driven demand to the increasing memory requirements per AI system, Brad breaks down the trends shaping the industry.

We also explore the implications of lean DRAM and NAND inventories, disciplined supply growth, and the challenges of expanding packaging capacity versus wafer fabrication. Tune in to understand why incremental demand surprises can have a huge impact on memory pricing.

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#AIMemory #SKHynix #TSMC #TechInvesting #MemoryMarket #AIInfrastructure #Semiconductors #TickerNews