Tech3 | Swiggy's silver bullet; AI codes Google's future; and more

Wishing all our readers a Happy Diwali! We’ll be taking a short break to celebrate the festival of lights (and we hope you do as well!).

• We have a short, concise edition today and we’ll be back in your inbox with our regular edition on Monday (November 4).?

Today’s big stories?

• Is this a sign of the future? Google CEO Sundar Pichai said that more than 25% of all the new code at the tech giant is generated by AI. He also believes that the company’s long-term investment in AI is paying off, as the company posts a stellar Q3 performance.

• India continues to be the fastest-growing developer community in the world, with a base of 17 million. However, to become the top developer hub, significant investments are needed in both the private and public sectors, as well as on the regulatory front., GitHub CEO Thomas Dohmke tells us in an interview.

• Swiggy co-founder Sriharsha Majety told us in an interview that there is no single 'silver bullet' for quick commerce success; it will require ongoing experimentation and adaptation. He also discussed Swiggy’s plans to catch up with its rival Zomato and explained how the company approached pricing its IPO.

• YouTube's total revenue surpassed $50 billion for the first time in the past four quarters, said Google CEO Sundar Pichai. This means the video platform is now bigger than the streaming giant Netflix in revenue, which generated $37.6 billion over the past four quarters.

• Clients are expecting Generative AI capabilities as part of large deals, Infosys CTO Tarafdar tells us. He said that AI and Gen AI are leading to the re-imagining of processes, apart from generating productivity and efficiency benefits.

• Samsung and Apple are driving the highest value growth in India’s smartphone market amid the rising premiumisation trend, as per market tracker Counterpoint Research.

• After the $230 million WazirX hack, CoinDCX has launched an integrated decentralised custody feature for its platform, wherein its 15 million users would have the option of having ownership of their crypto asset holdings in their own wallets.

• Nazara Technologies subsidiary Datawrkz has acquired a 100% stake in London-based growth marketing agency Space & Time for Rs 52.3 crore. This is Datawrkz's first acquisition and it is expected to fuel the company's growth ambitions across Europe and North America.

• Legendary singer and songwriter Bryan Adams talks about use of AI in music: 'It's early days, but it may become a fantastic tool'

• This Diwali exhibitors are in a bit of a fix as two of the biggest franchise films are releasing on the same day --- Singham Again and Bhool Bhulaiyaa 3 -- and that is creating chaos for cinema owners.

• Margins from recruits in Global Capability Centres (GCCs) are three times higher than those in information technology (IT) staffing, according to Quess Corp CEO Guruprasad Srinivasan.

• Karnataka’s new industrial policy for 2025-2030 is likely to link incentives to job creation, sustainable practices and increasing women's employment.

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