Meta’s Sandhya Devanathan to join OpenAI; IT stocks rally
Meta’s India and South East Asia head Sandhya Devanathan is departing after 10 years to join OpenAI. This and more in today’s ETtech Top 5.
Meta’s India and Southeast Asia head Sandhya Devanathan will depart after a decade to join OpenAI, as reported in today’s ETtech Top 5. Additionally, Hero MotoCorp has increased its stake in electric scooter maker Ather Energy with a Rs 1,758 crore investment, while semiconductor global capability centers in India are expected to create 8,000-10,000 jobs this year.
The surge in Indian IT stocks, up to 5%, followed Nvidia’s strong quarterly results and investor confidence in technology. OpenAI’s report on July’s Hugging Face incident highlights concerns about advanced AI agents potentially escaping controlled environments and collaborating in unexpected ways.
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