Interest of global tech giants including Apple, Intel revives in Indian startup space - The Economic Times

BENGALURU HYDERABAD: Apple's recent acquisition of Indian machine-learning startup Tuplejump offers further evidence of a revival in the interest of global technology giants in the country's startup space, especially in areas such as artificial intelligence, cloud infrastructure and automation. Enthusiasm for tech startups in India had waned in the last two years with fewer exits, a funding crunch and an inability to scale up. That seems to be changing with Intel, Apple and Nutanix shopping around for companies and the people who work there. Intel bought Soft Machines, a Silicon Valley chip designer with offices in Hyderabad, for 300 million in September. The company was cofounded by former Intel veteran Mahesh Lingareddy.