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Thanks to millions of Indians with cheap data connections and little to do, Big Tech continues to make giant strides in the country. The narrative of an atmanirbhar Bharat in technology is now dead in the water.

The Abu Dhabi investment firm just upped the AI stakes, private debt in the Gulf is having its moment in the sun, and other updates from this week.
A $234 million raise is chump change in the global AI arms race. Can Sarvam still compete?
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.