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Microsoft’s India AI bet; WazirX’s new decentralised exchange

  • Bitcoin saw a new high as it jumped 8% in early trading, climbing above $75,000 and smashing its previous record set in March
  • India is one of the fastest-growing markets for nurturing the advancements of artificial intelligence (AI) at Microsoft
  • WazirX is developing a decentralised exchange (DEX) that allows users to trade crypto assets directly with one another
  • Sminu Jindal, CEO of Jindal SAW and Founder of Svayam, has made a concerted effort to create inclusive spaces for people with reduced mobility
  • Tesla's stock soared by 12% Wednesday morning, adding $15 billion to Elon Musk’s fortune after Donald Trump was reelected as US president
  • SAP Labs will hire 'over proportionally' in India, which will soon house its biggest workforce, overtaking the headcount in its German headquarters
  • Omnichannel eyewear retailer Lenksart managed to rein in losses by 84% in FY24 to Rs 10.15 crore against a loss of Rs 63.7 crore in the previous year
  • Swiggy's IPO was subscribed around 12% at the end of the first day of bidding
  • The EU is investigating US manufacturer Corning, a leading supplier of speciality toughened glass for mobile devices, including Apple’s iPhone, over possible anti-competitive practices
  • The world's first wooden satellite was launched in an early test of using timber in lunar and Mars exploration

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