RBI Launches Rupee-Backed Stablecoin Pilot With Five Fintechs and HDFC Bank
The central bank will test tokenized deposits for cross-border merchant settlements, prohibiting algorithmic stablecoins not fully reserved in government securities.
The central bank will test tokenized deposits for cross-border merchant settlements, prohibiting algorithmic stablecoins not fully reserved in government securities.

MeitY ties subsidies to models trained on Indian languages with weights stored on servers physically located within the country.

Lithos Carbon spreads basalt dust across 12,000 hectares of farmland, selling verified removal credits to Microsoft and Stripe.
A sharp drop in Korean memory stocks spread to U.S. megacaps, with investors questioning whether two years of AI-driven capex can sustain current earnings multiples.
The new facility will support European automotive and AI hardware firms, marking a major expansion of local microelectronics manufacturing.

Institutional investors back drilling projects in Nevada and Iceland to secure dedicated power sources for regional GPU clusters.

The fund exceeds its original $80B target by 35% following commitments from Saudi Arabia's PIF, Abu Dhabi's ADIA, and a consortium of sovereign wealth funds from South Korea, Norway, and Singapore.

Scale AI, Harvey AI, Cohere, Writer, Adept, and Physical Intelligence have all filed registration statements with the SEC, representing the most concentrated AI IPO filing period since the 2021 SPAC boom. Goldman Sachs and Morgan Stanley lead the underwriter syndicate.

The investment, Apple's largest single-country commitment outside the US, will establish three new manufacturing campuses in Tamil Nadu and Telangana, creating an estimated 300,000 direct jobs and reducing Apple's dependence on Chinese production by 45% by 2028.
Singapore's GIC, Abu Dhabi's Mubadala, and Canada's CDPQ have formed a co-investment vehicle focused exclusively on AI data centers, fiber networks, and edge compute infrastructure, in what represents the largest coordinated sovereign wealth deployment into a single technology sector.
Free Morning Briefing
A calm, intelligent briefing delivered daily before the market opens.
Free. No spam. Unsubscribe anytime.