Though sales of Apple iPhones in India are skyrocketing and outperforming the broader smartphone market, shipments of other Apple products are likely to take a hit this year, suggest analysts. This and more in todays ETtech Morning Dispatch.
Capping five days of high-voltage drama, OpenAI, the maker of ChatGPT, said it is bringing back Sam Altman as its CEO, along with reconstituting its board. We sum up the stunning and chaotic events which shook the technology world in todays ETtech Top 5.
Even fintech infrastructure provider Perfios has roped in Sumit Nigam as chief technology officer, who was previously the engineering head at BigBasket, and Anu Mathew as its new chief people officer from Pine Labs with an eye on an eventual listing.
Snap CEO Evan Spiegel elaborated on his plans for India, his vision for artificial intelligence (AI) and augmented reality (AR) in the days ahead, and much else, in a free-wheeling talk with ET. This and more in todays ETtech Morning Dispatch.
The final day push came in from qualified institutional buyers (QIBs), who put in bids for 11.5 times the shares reserved for the category. The retail portion was subscribed 1.35 times.