LPL Financial, a US-based wealth management firm supporting more than 32,000 financial advisors and nearly 1,200 financial institutions, has opened a Global Capability Centre (GCC) in Hyderabad. The unit will cover technology, operations, product development, data and analytics, and risk management functions. Hyderabad was selected for its infrastructure and concentration of talent in financial services, AI, automation, and cloud engineering. LPL expects the centre to become a core capability hub as it scales back-office capacity and accelerates product innovation. On the venture side, Switzerland-headquartered QAI Ventures is actively exploring entry into the Indian market. Founded in 2023 with a focus on quantum AI computing startups, the firm has existing footprints in Europe, North America, and Asia. CEO Alexandra Beckstein cites India's quantum computing talent pool and the government's National Quantum Mission, backed by Rs 6,000 crore, as the primary draw. QAI is already engaged with Indian academic institutes, targeting research-stage startups capable of building for global markets. QAI positions itself as an ecosystem builder rather than a conventional fund, emphasising reduction of time-to-MVP and first revenues. Both moves reflect deepening institutional and investor interest in India's technology services and deeptech segments, with Hyderabad and research-linked startup pipelines emerging as focal points.
Apple has raised MacBook and iPad prices in India by 20% to 42%, citing a sharp surge in memory chip costs driven by AI data centre demand. Micron, the leading memory supplier, reported 86% gross margins, confirming that supply pressures have fundamentally shifted component pricing across the consumer electronics
India's central government will take a 1-2% stake in AI unicorn Sarvam once its $300 million funding round closes, converting compute subsidies provided under the IndiaAI Mission into equity. The move sets a precedent for how the government accounts for public support given to homegrown AI startups.
Apple announced iOS 27 at WWDC 2026, featuring a redesigned Siri as a standalone app with chat history, apps launching up to 30 percent faster, and a refined Liquid Glass interface. A developer preview is live now, with public release expected around September 2026.
Apple's WWDC 2026 keynote unveiled a fully redesigned Siri and confirmed iOS 27 alongside updates for iPadOS, visionOS, watchOS, and macOS. The Siri overhaul is the most strategically significant move, targeting a competitive gap with Google and Microsoft in AI assistants.
