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Flipkart is preparing to go public in 12-15 months, with India’s capital markets picking up and rewarding large internet companies with strong business operation
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Owned by the US retail giant Walmart, Flipkart has secured internal approvals to move its ‘domicile’ status back to India from Singapore as part of its preparations, according to ET. The company is the biggest business in India’s ecommerce market, which is rapidly evolving on multiple fronts, from payments to quick commerce.
This decision follows the US Congress passing a foreign assistance package in April, which gives TikTok nine months to sever ties with ByteDance, with a deadline of January 19, 2025. If a sale is in progress, President Joe Biden could grant a 90-day delay.
President-elect Donald Trump, who initially sought to ban TikTok, has since pledged to “save” the app, CBS News notes. Trump is set to become the US President once again on January 20.
OpenAI is in talks to remove a provision that would cut Microsoft off from its advanced models once it achieves ‘artificial general intelligence’ (AGI), Financial Times reports.
Currently, if AGI is achieved, Microsoft's access to OpenAI’s technology would be void, as the startup’s non-profit board would own the technology.