PAYTM STOCK NEARS IPO PRICE AFTER 5-YEAR SLUMP
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Paytm's share price is approaching its November 2021 IPO listing level for the first time, as investor sentiment shifts toward India's digital payments sector.
■ MORE FROM THE BUSINESS DESK
NextDC allegedly used AI to draft correspondence requesting Victorian jobs minister Melissa Horne lobby colleagues for approval of a hyperscale factory expansion, with the AI-generated text containing detectable errors.
SK Hynix has reached an agreement with its labor union to pay half of all profit-sharing bonuses in cash. The deal resolves a dispute that threatened production at the world's second-largest memory chipmaker.
Despite over 300 local moratoriums and New York's data center executive order, direct project-level policies are delaying just 2.3 GW of planned data center capacity nationwide, according to SemiAnalysis.
The Albanese government is considering default access to Australian creatives' works for AI companies, following meetings between OpenAI executives and Labor ministers.