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Amazon on Thursday said it would invest an additional $13 billion to expand its AI and cloud footprint in India through 2030. The fresh investment,announcedafter Amazon CEO Andy Jassy met India’s Prime Minister Narendra Modi in New Delhi, will fund the expansion of Amazon Web Services’ data center capacity in Mumbai and Hyderabad. The announcement marks Amazon’s third major commitment for India in as many years. In 2023, following a meeting between Jassy and Modi, the company said it wouldinvest $15 billionby 2030,including $12.7 billionfor Amazon Web Services. It followed that with anover $35 billion commitmentin December 2025. The company’s investment commitments in the country now total $48 billion. Amazon did not detail how the total $48 billion would be deployed across its India businesses. Long-term commitments by technology companies usually include both capital and operating expenditures, rather than only new infrastructure spending. Amazon’s announcement follows a wave of investments by global technology companies that are betting that India will become a major hub for the computing infrastructure needed to power artificial intelligence products.Microsoftsaid in December it would invest $17.5 billion in India by 2029, andGooglesaid in October it would spend $15 billion to build an AI hub and data center infrastructure in the country. India has also attracted billions of dollars in commitments for data center projects from investors includingAustralia’s AirTrunk,Canada Pension Plan Investment Board’s CPP Investments, and domestic conglomeratesReliance IndustriesandAdani Group. New Delhi has sought to attract more investment through policy incentives, includingtax exemptionsfor foreign cloud providers on services sold overseas if those workloads are run from Indian data centers. Amazon is also investing in its domestic retail and logistics network. The company plans to open more than 20 fulfillment centers, and over 100 last-mile delivery stations this year, and this week it detailed plans to expand its quick-commerce service, Amazon Now, tomore than 300 citiesand towns in the country. The expansion comes as Amazon seeks to gain ground in India’s crowded quick commerce market, where it competes with Eternal-owned Blinkit, Swiggy’s Instamart, Zepto, and Walmart-owned Flipkart. Earlier this week, Flipkart said it plans toopen 1,500 micro-fulfillment centersacross the country by the end of 2026.
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Adobe on Thursday said it is acquiringTopaz Labs, which offers AI models for video and image enhancement, and that it will make it a part of its creative business. Topaz Labs, which wonan Emmy last year for its production tech, has existed for more than two decades, making tools for enhancing videos and images. In recent years, the company has released its own models: Astra for AI video upscaling and Wonder for image retouching and enhancement. The startup has also worked ona technologythat makes it easier to run large video models on consumer-grade GPUs. Adobe, which already offers some of Topaz’s tools in its Creative Cloud suite, said it will integrate Topaz’s models into its Firefly AI app as well as other parts of its image and video editing suites. Adobe said Topaz’s offerings will be available as stand-alone services through its website. Deepa Subramaniam, VP of product marketing for Creative Cloud at Adobe, said professionals who want to combine real-life footage with AI clips can use Topaz’s products for tasks like sharpening details, reducing noise, or restoring archival footage. “Topaz Labs brings deep expertise in optimizing large, complex AI models to run directly on device, a capability that will allow Adobe to deliver faster, more responsive experiences for customers and make advanced AI more accessible and cost-effective for creatives. In addition, Topaz Labs is trusted by professionals of all creative crafts – from designers and video professionals to photographers and enterprise creative teams,” Subramaniam said in an emailed statement. Adobe has been in fierce competition with Canva and DaVinci Resolve-owner Blackmagic Design in the image and video editing space. Adobe has been stuffingAI into all of its appsand has also created an AI-centric media editing studio withFirefly. By acquiring startups like Topaz Labs, Adobe wants to keep its users from turning to other software for video editing and enhancements, encouraging them to stick to its ecosystem. Adobe said the transaction will close in the second half of 2026.
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With just 2 days left, now is the time to lock in your spot atTechCrunch Founder Summit 2026and save up to $190 before Early Bird rates expire on June 26 at 11:59 p.m. PT. Founders rarely scale alone. The fastest path to growth comes from learning from those who have already done it, connecting with peers facing similar challenges, and building relationships with investors who can help accelerate the next stage of your company. On November 4 in Boston, more than 1,000 founders and investors will come together for a highly curated day of tactical learning, candid conversations, and meaningful networking designed to help founders move faster and make smarter decisions. Early Bird pricing ends in 2 days. You can also save up to 30% with group discounts for teams of four or more.Register now before rates increase June 26. TechCrunch Founder Summitis designed specifically for founders. Every session, discussion, and networking opportunity is built around the challenges of starting, scaling, and funding a company. You’ll connect with: Whether you’re preparing to raise capital, refining your go-to-market strategy, or working toward your next growth milestone, Founder Summit creates opportunities for conversations that can change the trajectory of your business. Founder Summitfocuses on the decisions and inflection points that shape a company’s future. Through breakout sessions and roundtable discussions, you’ll gain practical guidance on topics such as: These founder-led conversations are designed to deliver actionable takeaways you can apply right away. Past speakers have shared candid lessons on scaling companies, raising capital, and navigating growth, including: Additional speakers have included leaders from Sequoia Capital, NFX, Underscore VC, Glasswing Ventures, Wing Venture Capital, Construct Capital, Greylock, and Precursor Ventures. The 2026 agenda is currently taking shape, with more founders, operators, and investorsto be announced on the event page soon. Interested in leading a discussion?Submit a roundtable or breakout session topicfor a chance to be voted onto the agenda by the TechCrunch audience. The opportunity to save up to $190 forTechCrunch Founder Summitends tomorrow, June 26, 11:59 p.m. PT. Join the founders, operators, and investors shaping the next generation of startups. Gain practical insights, expand your network, and build relationships that support long-term growth. Early Bird rates end June 26 at 11:59 p.m. PT. Save up to $190 on your pass and up to 30% when registering as a group.Register now before prices increase in two days. Interested in exhibiting at TechCrunch Founder Summit 2026?Reserve your exhibit tableand connect directly with founders, investors, and startup decision-makers.

The acquisition will bring iMerit’s expertise in AI model training, reinforcement learning and multimodal evaluation to EXL, helping clients build more reliable and industry-specific AI systems.
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With discussions led by Axtria's CEO, Jaswinder Chadha, the focus was on building a strong foundation for AI deployment, emphasising data quality, governance, and organisational readiness.
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Airbound aims to build a 10,000-flight-a-day drone delivery network across Andhra Pradesh.
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Biocon's chief technology officer says artificial intelligence is being deployed across drug development and manufacturing, but insists human accountability remains intact.
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Gartner forecasts that expenditure on AI coding tools will exceed software developer salaries by 2028 due to rising token consumption.
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In March, the company said its ecosystem had grown to 13 million users, hosting more than 2 million public AI models and 500,000 public datasets
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As agentic AI compresses the value of traditional consulting work, Deloitte is betting that its new SAP-focused delivery centre in Bengaluru can operationalise AI inside core business systems.
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The new chip could deliver up to 50% higher performance or 70% greater energy efficiency than its 2nm technology, depending on operating conditions.
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Google launched the Circle to Search feature to help initiate search directly from the screen a few years back, and it has become one of the company's most popular AI-powered tools. Now, Google is introducing a similar level of experience in Gemini in Chrome with a new feature called "Select from Screen." This latest functionality lets users quickly select and attach on-screen content to Gemini prompts. Instead of manually entering details, users can select a portion of their screen and send it directly to Gemini for assistance. The Select from Screen tool is being rolled out as part of Chrome version 149.
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