The Reserve Bank of India has issued draft rules to tighten oversight of AI and machine-learning models in banking, mandating board-level governance, human oversight, explainability standards, and independent validation of third-party systems under a formal model risk management framework.
UN chief António Guterres launches the AI Environmental Transparency Initiative, pressing AI companies to disclose data center emissions, water and land use and commit to 100% renewable energy by 2030 amid surging electricity demand and rising indirect emissions at Amazon, Microsoft, Alphabet and Meta.
Meta Platforms invests $900M in Indian fintech CRED, appointing founder Kunal Shah as global head of WhatsApp. This move deepens Meta’s India presence and expands its financial services.
Xiaomi prepares a major push into India’s large home appliance market by 2026, aiming to compete with Samsung and LG. This strategic diversification leverages local manufacturing and its existing ecosystem amid slowing smartphone growth.
EPFO will introduce instant provident fund withdrawals via UPI apps and dedicated ATM cards by June 2026 under its EPFO 3.0 modernization, serving 7.5 crore active subscribers and nearly 30 crore total account holders while maintaining a 25% mandatory retirement reserve.
News
Amazon plans $48 billion in India investments through 2030, expanding AWS data centers in Mumbai and Hyderabad, growing ecommerce logistics, and scaling AI-led digitization while targeting millions of jobs, exports and small business digitization.
OpenAI and Broadcom unveiled Jalapeño, a custom Intelligence Processor built for large language model inference, promising higher performance per watt and forming the backbone of a multi‑generation AI compute platform set to power gigawatt‑scale data centers from 2026.
The Reserve Bank of India has issued draft rules to tighten oversight of AI and machine-learning models in banking, mandating board-level governance, human oversight, explainability standards, and independent validation of third-party systems under a formal model risk management framework.
A fire at STT GDC India’s New Delhi data centre disrupted Google Cloud services, raised fears of major data loss, and renewed scrutiny of lithium-ion battery risks and cloud resilience across India.
AI Trends
NVIDIA introduces Rubin, its first fully liquid-cooled AI infrastructure platform, revolutionizing data center energy efficiency, heat management, and water consumption for next-gen AI workloads.
Spotlight
Oracle has cut over 21,000 jobs while planning $70 billion in AI and cloud infrastructure spending this fiscal year, positioning itself as a key provider for OpenAI and other AI customers amid a broader tech industry shift toward Artificial Intelligence and cloud computing.
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