New Delhi, June 26 -- This week underscores a rapid pace of transformation across the technology industry. While Meta named Indian entrepreneur Kunal Shah as the new Global CEO of WhatsApp and Amazon intensified India's quick-commerce battle, enterprise AI continued to dominate boardroom conversations with Hexaware's Anthropic partnership and IBM's sub-1 nanometre chip breakthrough. Here's a look at the key developments that shaped the enterprise technology landscape this week.
Meta appoints CRED founder Kunal Shah as Global CEO of WhatsApp
Meta appointed CRED founder Kunal Shah as the Global CEO of WhatsApp, succeeding Will Cathcart in one of the most significant global leadership appointments for an Indian entrepreneur. Alongside the announcement, Meta unveiled a nearly $900 million investment in CRED at a $4.5 billion valuation, deepening its strategic relationship with Shah. In his new role, Shah will lead WhatsApp's next phase of growth, focusing on business messaging, communities, payments and AI-powered communication experiences for its more than three billion users worldwide. The move underscores Meta's growing confidence in Indian entrepreneurial leadership as it scales its global consumer platforms.
Amazon to invest $48B more in India in AI, cloud, quick commerce
Amazon will invest an additional $48 billion (Rs.4.12 lakh crore) in India between 2026 and 2030 across artificial intelligence, cloud infrastructure, e-commerce, logistics, and quick commerce, chief executive Andy Jassy announced on Thursday after meeting Prime Minister Narendra Modi in New Delhi. Amazon also stepped up its quick-commerce ambitions by expanding Amazon Now to more Indian cities, intensifying competition with Blinkit, Zepto, Swiggy Instamart and Flipkart Minutes. The service delivers groceries and daily essentials quickly and uses Amazon's logistics network, AI-driven demand forecasting, and fulfilment technologies. The expansion reflects the company's broader strategy to capture India's fast-growing instant commerce market, where speed, inventory optimisation and hyperlocal fulfilment have become key differentiators. With quick commerce emerging as one of India's fastest-growing retail segments, Amazon is investing heavily to strengthen its position against well-entrenched rivals.
Hexaware becomes AWS distributor for Anthropic's Claude models
Hexaware Technologies has become an official distributor of Anthropic's Claude models through Amazon Bedrock, joining a select group of global partners authorised to sell, deploy and support Claude-powered enterprise AI solutions. The company will help customers build AI applications spanning intelligent document processing, customer service automation, compliance, software engineering, healthcare and supply chain operations. The partnership strengthens Hexaware's enterprise AI portfolio while highlighting the growing demand for production-grade generative AI platforms among businesses. It also reinforces Amazon Bedrock's position as a preferred marketplace for enterprises looking to deploy foundation models securely at scale.
IBM pushes chipmaking into the sub-1nm era
IBM introduced a 0.7nm semiconductor architecture based on a 3D "nanostack" design, packing nearly 100 billion transistors onto a fingernail-sized chip. The breakthrough could significantly improve AI computing performance while reducing energy consumption, representing a major leap beyond conventional chip scaling. IBM says the breakthrough could deliver up to 50% higher performance or 70% greater energy efficiency, paving the way for more powerful AI, cloud and high-performance computing systems. The company expects the technology to reach commercial production within the next five years through manufacturing partners.
Oracle reveals 21,000 job cuts as AI investments accelerate
Oracle disclosed that it cut around 21,000 employees-about 13% of its workforce-over the past year as it ramps up spending on AI infrastructure and cloud data centres. The company said AI adoption has replaced several roles, underscoring how AI is reshaping enterprise workforce strategies.
Published by HT Digital Content Services with permission from TechCircle.