The Daily Editor

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Tata Consultancy Services (TCS) and private equity group TPG will invest up to ₹18,000 crore in a data centre venture, HyperVault, according to a statement on Thursday.

TCS and TPG Terabyte will invest in the proportion of 51:49 in the venture. Of the total commitment, which will be over the next few years,

 » Read more about: TCS, TPG to invest ₹18,000 cr in AI data centre joint venture  »

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 » Read more about: The Stock Market Just Did Something It Hasn't Done in 18 Years. Is It a Signal or Noise?  »

US stock futures turned higher Friday after the week’s latest bout of turbulence, while bitcoin kept tumbling to hit a multimonth low as AI worries continued to weigh on investors.

Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.4%, while those on the S&P 500 (ES=F) gained 0.5%.

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq futures rise, bitcoin sinks as roller-coaster week nears end  »

Bitcoin has taken a bit of a beating recently. Since reaching an all-time high in early October, the OG cryptocurrency has lost about a quarter of it’s value and the overall crypto market is down about a trillion dollars.

Until recently, 2025 was a banner year for crypto entering the economic mainstream.

 » Read more about: Crypto went mainstream. So what happens now that its value is tanking?  »

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Brands will spend $37bn advertising in the ‘creator economy’ in the US alone this year, according to a new study published by industry body the Interactive Advertising Bureau (IAB).

That’s up 26% from the $29.5bn they spent with creators in 2024, with the IAB pointing out that this is around four times the growth being seen in the wider advertising market.

 » Read more about: New studies explore US creator economy and social-media habits  »

Europe’s main stock markets fell further following sharp losses across global equities this week, including a rout Friday in Asia on fears of a bursting AI bubble.

A blockbuster earnings report from chip bellwether Nvidia on Wednesday seemed to settle nerves that vast investments in the artificial intelligence sector may have been overdone.

 » Read more about: European stocks fall after tech-fuelled Asia rout  »