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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The cloud provider had a blockbuster market debut on the back of a single AI deal. But the latest numbers are barely in line with the incredibly high valuation.
This past month, an Indian cloud provider exploded into the spotlight. In early September, ESDS Software Solution made a blockbuster stock market debut, listing at a 76% premium to its issue price of Rs 429. Within a week, the stock zoomed to over Rs 1,700. Suddenly, the almost two-decade-old Nashik-based company became India’s second-best new listing by first-month returns, second only to a defence engineering firm.
Much of this rally came on the back of a $1.25 billion deal announced in April with Australian company Sharon AI involving 8,208 of Nvidia’s newest chips. Today, ESDS commands a market capitalization of …
Barely two years after being founded and without even a finished product, Bengaluru-based C2i Semiconductors has been acquired by Germany’s Infineon. What’s the secret?
From India to Europe, governments are piling in to build centres to support (and profit from) the AI boom. What does the UAE have that others don't?
ADNOC and Aramco are using their oil money to venture into new technologies and future-proof their business.
