{
  "id": 223781,
  "title": "Shiprocket trims IPO size; Google's AI leadership shake-up",
  "url": "https://urgent.news/2026/08/06/shiprocket-trims-ipo-size-googles-ai-leadership-shake-up",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-06T13:40:01.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/shiprocket-trims-ipo-size-googles-ai-leadership-shake-up/articleshow/133006804.cms"
  },
  "original_language": "en",
  "account": "Shiprocket reduces IPO size by 30% to Rs 1,617 crore, with the issue opening on August 12 at a price band of Rs 92-97 per share. The company's valuation will be around Rs 7,056 crore, 30% lower than its last fundraising round in December 2024. Shiprocket's largest shareholder, Bertelsmann, holds a 21% stake worth Rs 1,316 crore at the IPO price.\n\nMeanwhile, Google's AI leadership undergoes a reshuffle. Demis Hassabis, Alphabet's chief scientist and DeepMind CEO, will step down from day-to-day management and become Alphabet's chief scientist. He will also serve as chairman of DeepMind. Koray Kavukcuoglu, formerly the CTO of DeepMind, will take over as senior vice president, continuing his role as Alphabet's chief AI architect. Several key members of the Gemini team have departed, including Jeff Dean, Sanjay Ghemawat, Oriol Vinyals, and Quoc Le, who have co-founded a public benefit corporation called Discovery Loop.",
  "summary": "Shiprocket is set to launch its IPO after lowering its issue size. This and more in today's ETtech Top 5.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Business Insider",
        "title": "What smart people in tech are saying about Google's AI leadership restructuring",
        "url": "https://urgent.news/2026/08/05/what-smart-people-in-tech-are-saying-about-googles-ai-leadership",
        "published": "2026-08-05T20:41:01.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Google is expanding its AI empire — and losing the people who built it",
        "url": "https://urgent.news/2026/08/06/google-is-expanding-its-ai-empire-and-losing-the-people-who-built-it",
        "published": "2026-08-06T06:06:18.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Google centralizes its AI leadership at Mountain View in a bid to catch its rivals; Sebastian Borgeaud, who led a major AI coding effort, moved from the UK (Bloomberg)",
        "url": "https://urgent.news/2026/08/06/google-centralizes-its-ai-leadership-at-mountain-view-in-a-bid-to",
        "published": "2026-08-06T09:40:01.000Z"
      },
      {
        "outlet": "XDA Developers",
        "title": "This Gemini feature in Google Maps is so useful I'm shocked more people aren't talking about it",
        "url": "https://urgent.news/2026/08/06/this-gemini-feature-in-google-maps-is-so-useful-im-shocked-more",
        "published": "2026-08-06T14:30:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}