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  tech 5

  Walmart-backed PhonePe targets up to $10.5 billion valuation in India IPO

  (Tech-Economic Times / 2026-03-04 06:44)

  PhonePe, a Walmart-backed Indian payments platform, is targeting an IPO valuation between $9 billion and $10.5 billion, a discount to its last private funding round. The IPO will raise roughly $1 billion solely from existing shareholders, with Walmart reducing its stake and Tiger Global and Microsoft exiting completely.

  The article covers PhonePe's IPO plans, valuation, and key selling shareholders. It also details the competitive Indian fintech landscape and the company's financial performance.

  A major focus is the challenge of monetization, as PhonePe operates in a low-margin market and its losses are widening despite revenue growth. Investor excitement has cooled due to questions about profitability in an overcrowded sector.

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  tech 5

  Should you ask an AI chatbot about your health? 5 things to know before you start sharing

  (Tech - South China Morning Post / 2026-03-04 07:15)

  AI chatbots like ChatGPT Health are increasingly being designed to answer health questions by analyzing medical records and wearable data. However, tech companies explicitly state these tools are not substitutes for professional medical care and should not be used for diagnosis.

  Their intended role is to support users by summarizing complex test results, helping prepare for doctor appointments, and identifying health trends from personal data.

  The main topics covered are the rise of health-specific AI chatbots, their limitations as non-diagnostic tools, and their recommended supportive functions in healthcare.

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  tech 6

  Asian tech stocks reel as US-Iran war threatens infrastructure and supply chains

  (Tech - South China Morning Post / 2026-03-04 09:04)

  Asian tech stocks fell sharply due to market fears that the US-Iran conflict could disrupt technology infrastructure and supply chains. South Korea's Kospi index and major chipmakers like Samsung and SK Hynix were among the worst hit, while Japanese stocks also saw significant declines.

  Hong Kong and Chinese tech stocks experienced smaller losses, attributed to their lower exposure to potential energy and shipping disruptions stemming from the Middle East turmoil. Analysts note the sell-off reflects a broad repricing of risk across energy and supply chains, particularly in markets with large AI industry exposure.

  The main topics covered are the decline in Asian tech stock indices, the varying impact across different Asian markets, and the cause being attributed to geopolitical risks from the US-Iran conflict threatening supply chains.

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  tech 5

  China biotech outlicensing tops US$52 billion in first 2 months after global deal surge

  (Tech - South China Morning Post / 2026-03-04 09:30)

  China's biotech sector saw outlicensing deals exceed $52 billion in total value in the first two months of 2024, surpassing any single quarter from the previous year.

  This surge is exemplified by two major deals: Sino Biopharmaceutical's partnership with France's Sanofi and Antengene's agreement with Belgium's UCB, valued at up to $1.53 billion and $1.18 billion respectively.

  The trend indicates China is becoming a key global source for innovative drug candidates, with multinational firms seeking long-term strategic partnerships over one-off transactions.

  The main topics covered are the financial scale of China's biotech outlicensing, specific high-value deals with Western pharmaceutical companies, and the strategic shift towards sustained international partnerships.

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  tech 6

  ETtech Explainer: Anthropic’s rapid rise, Pentagon standoff and everything in between

  (Tech-Economic Times / 2026-03-04 09:41)

  Anthropic has experienced extremely rapid revenue growth, surpassing a $19 billion annual run rate and reaching a $380 billion valuation, driven by strong adoption of its AI products like Claude Code. Its consumer popularity surged significantly, with Claude overtaking rivals in daily website visits and topping the US Apple App Store rankings, a rise that coincided publicly with a dispute with the U.S. government.

  The company clashed with the Pentagon after demanding safeguards against the use of its AI for domestic surveillance or autonomous weapons, leading President Trump to halt federal use of its products and the Defense Secretary to label it a "supply-chain risk." Anthropic's CEO denounced the move as retaliatory and vowed to challenge it in court.

  Anthropic's announcements and product launches have repeatedly impacted financial markets, causing sell-offs in Indian IT stocks and a major drop in IBM's share price due to perceived competitive threats. The company's market capitalization now exceeds the combined value of India's top listed IT firms.

  Main topics: Anthropic's financial growth and market valuation; surge in consumer adoption and rankings; dispute with the U.S. Pentagon and government; impact on global stock markets and competitors.

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  tech 5

  Lux Capital warns portfolio startups to brace for market risks

  (Tech-Economic Times / 2026-03-04 09:54)

  Venture capital firm Lux Capital has warned its portfolio startups to prepare for potential economic challenges, citing concerning signals like falling bond yields alongside high stock markets. The firm advised founders to extend their cash runway, review debt covenants, and closely analyze costs, especially for companies affected by tariffs.

  Lux Capital co-founder Josh Wolfe also expressed concern about an AI bubble, stating that fewer than ten AI startups truly matter, and suggested companies should go public while market enthusiasm is high. Despite these warnings, Wolfe remains broadly optimistic about startup investing, emphasizing that difficult times can still produce major successes, but urged founders to rigorously stress-test their assumptions.

  The main topics covered are: a venture capital firm's economic warning and advice to startups, concerns about an AI investment bubble, and the paradoxical optimism about long-term startup investment despite near-term risks.

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  tech 6

  What It’s Like to Have a Brain Implant for 5 Years

  (Science Latest / 2026-03-04 10:00)

  Rodney Gorham has successfully used a Synchron brain-computer interface implant for five years, a milestone for the company. The implant, called the Stentrode, allows him to control digital devices with his thoughts, providing critical assistance as he lives with ALS.

  Synchron is preparing for a larger pivotal trial needed for regulatory approval, working with the FDA to define clinical endpoints. The technology relies on decoding algorithms to translate neural signals into actions, with Gorham's long-term feedback being instrumental in its development.

  The main topics covered are: the milestone of long-term BCI use, the technical function of Synchron's Stentrode implant, the path to regulatory approval, and the role of user feedback in evolving the technology's capabilities.

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  tech 5

  Google launches Gemini 3.1 Flash-Lite, its “fastest and most cost-efficient” AI model

  (Tech-Economic Times / 2026-03-04 10:01)

  Google has launched Gemini 3.1 Flash-Lite, a new AI model it describes as its fastest and most cost-efficient in the Gemini 3 series. It is now available in preview for developers and enterprises via Google AI Studio and Vertex AI, priced at $0.25 per million input tokens.

  The model is designed for scalable tasks like translation and content moderation, as well as more complex workloads requiring reasoning, such as generating user interfaces. It features "thinking levels" to allow control over computational effort per task.

  Early testers praise its efficiency and capability to handle complex inputs. Benchmark results show it outperforms previous models in its tier, achieving high scores on reasoning and multimodal understanding tests.

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  tech 5

  Fintech lender Moneyview files DRHP with Sebi for IPO, seeks to raise Rs 1,500 crore via fresh issue

  (Tech-Economic Times / 2026-03-04 10:38)

  Fintech startup Moneyview has filed for an IPO to raise Rs 1,500 crore through fresh shares, with existing investors like Accel also offering shares for sale. The company plans to use the proceeds to strengthen its in-house NBFC and support loan disbursals through partner lenders.

  The company, which started with consumer loans, has diversified into a full-stack financial platform offering investments, insurance, and UPI payments. It reported a net profit of Rs 209 crore for the first nine months of fiscal 2026 and has been profitable for three consecutive years.

  Moneyview serves 125 million users, with 10 million revenue-generating customers, and partners with 42 financial institutions. It has also improved its asset quality, reducing its annualised bad loan rate to 6.9%.

  Main Topics: IPO filing and details, financial performance and diversification, user base and business model, asset quality and future growth plans.

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  tech 6

  Tennessee Wants to Let Schools Ban Immigrant Kids, Threatening to “End Public Education as We Know It”

  (The Intercept / 2026-03-04 10:52)

  Tennessee Republicans are advancing legislation that would challenge the Supreme Court's Plyler v. Doe decision, which guarantees a free public K-12 education to children regardless of immigration status. The bills, part of a broader national effort promoted by the Heritage Foundation, could force schools to deny enrollment to undocumented students or report their status.

  If enacted, these laws would likely provoke a Supreme Court challenge to overturn Plyler. Educators warn such a move would fundamentally damage public education, creating an "uneducated underclass" and forcing school staff to act as immigration informants.

  Similar bills have been introduced in five other states, signaling a coordinated national push. The Tennessee legislation is scheduled for committee hearings, with one bill requiring schools to report on students' immigration status contingent on both the passage of the enrollment bill and the overturning of Plyler.

  Main Topics: Tennessee immigration education bills, challenge to Plyler v. Doe, national effort led by the Heritage Foundation, potential consequences for public education and undocumented children.

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  tech 5

  How Is Kalshi Not Gambling?

  (Backchannel Latest / 2026-03-04 11:00)

  Kalshi is a CFTC-regulated prediction market that allows users to trade on the outcomes of various events, from sports to elections to pop culture. Its founders argue it is distinct from gambling, a claim supported by federal regulation enabling it to operate in all 50 states, unlike online sports betting.

  The platform has grown rapidly, handling over $1 billion in weekly trades and achieving an $11 billion valuation, though it faces legal challenges from 19 states that dispute its non-gambling classification. Kalshi's markets have demonstrated predictive accuracy in some areas, such as elections and interest rates, outperforming traditional polls and experts.

  The company's CEO, Tarek Mansour, vigorously defends its social utility in aggregating information and sees it as analogous to financial instruments like stock trading, despite critics who view it as a form of betting.

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  tech 5

  Gemini API key thief racks up $82,314 in charges in just two days, victim 'facing bankruptcy' — affected devs call for basic guardrails against 'catastrophic usage anomalies'

  (Latest from Tom's Hardware / 2026-03-04 11:00)

  A software developer's stolen Gemini API key was used to generate over $82,000 in charges in 48 hours, threatening their business with bankruptcy. The victim has secured their account, but initial feedback from Google suggests the company may enforce payment, citing its Shared Responsibility Model for cloud security.

  Affected developers are criticizing Google for lacking basic guardrails, such as spending caps or anomaly freezes, to prevent such catastrophic usage spikes. The article notes that while consumer Gemini accounts have usage caps, business users must proactively set their own quotas and budget alerts within Google's cloud platform.

  The main topics covered are a significant financial incident due to API key theft, the ensuing dispute over liability with Google, and calls for improved protective measures from service providers.

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  tech 4

  Eight Sleep raises $50M at $1.5B valuation

  (TechCrunch / 2026-03-04 11:00)

  Sleep tech company Eight Sleep has raised $50 million in a strategic funding round led by Tether Investments, achieving a valuation of $1.5 billion. The company, which sells smart mattress accessories for sleep tracking and temperature adjustment, plans to use the capital for new products, global expansion, and clinical validation.

  Key initiatives include pursuing FDA approval for sleep apnea detection and developing a proactive, AI-driven agent to control bed settings and provide personalized sleep habit guidance. The company also aims to expand beyond consumer products into broader health technology.

  Main topics covered include the company's funding and valuation, its product roadmap and expansion plans, and its competitive positioning in the sleep tech market.

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  tech 5

  Donald Trump to meet Google, Meta, OpenAI on energy pledge ahead of midterms

  (Tech-Economic Times / 2026-03-04 11:15)

  President Trump is meeting with major tech companies to formalize a "Ratepayer Protection Pledge," aiming to prevent rising household electricity costs driven by energy-intensive AI data centers. The expected commitments include tech firms securing their own power supplies, funding grid upgrades, and entering special rate agreements to avoid straining public utilities.

  A critic notes that the policy's focus on fossil fuel generation may not alleviate grid pressure quickly, as these plants take longer to build than renewable alternatives. The initiative is also viewed as politically timed ahead of midterm elections, with observers watching to see if it yields concrete action or remains symbolic.

  The main topics covered are the White House tech meeting, the "Ratepayer Protection Pledge" details, political and economic motivations, and criticisms regarding implementation speed and energy source focus.

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  tech 5

  Micron sampling first 256GB SOCAMM2 memory packages to customers — 2TB of RAM per CPU is now in reach of datacenter players

  (Latest from Tom's Hardware / 2026-03-04 11:30)

  Micron has begun sampling the industry's first 256GB SOCAMM2 memory modules, a 33% density increase over the 192GB modules released six months prior. This advancement enables data center servers to support up to 2TB of RAM per CPU, significantly boosting memory capacity for AI workloads.

  Beyond increased density, the new modules offer substantially improved power efficiency compared to traditional RDIMMs and support liquid cooling. The technology also aims to enhance AI performance by allowing for larger model context windows, which can reduce response times.

  The main topics covered are a breakthrough in high-capacity server memory, its benefits for AI data center performance and efficiency, and the industry collaboration behind the SOCAMM2 form factor.