India’s quick-commerce bubble may be close to bursting, Blinkit CEO warns| Business News

India’s quick-commerce sector is hurtling towards a shakeout, Blinkit’s Chief Executive Officer Albinder Dhindsa said, while maintaining that his company would survive and thrive. Blinkit, part of Deepinder Goyal-led Eternal Ltd. that also includes Zomato, is yet unprofitable, despite its cash pile, as it keeps investing to enter new markets. (Reuters) The quick-commerce model, which […]

Apple, Google close in on $1-billion/year AI deal to use Gemini for Siri| Business News

Apple Inc. is planning to pay about $1 billion a year for an ultrapowerful 1.2 trillion parameter AI model developed by Alphabet Inc.’s Google that would help run its long-promised overhaul of the Siri voice assistant, according to people with knowledge of the matter. Apple and Google are finalising a deal that would give Apple […]