Meta has tapped Reliance for India AI data centre. This and more in today's ETtech Top 5.
Also in the letter:
■ Anthropic's Fable 5 goes public
■ China's India push amid curbs
■ Salesforce layoffs
Meta partners with Reliance to build AI-ready data centre in Jamnagar
Meta Platforms has tied up with Reliance Industries to build its first large‑scale, AI‑ready data centre campus in India. The Facebook parent will lease 168 megawatts of capacity at Reliance’s hyperscale campus in Jamnagar, Gujarat, with an option to scale up further.
Tell me more: The facility will run on renewable energy and use desalinated seawater for cooling, with Meta footing the bill for these sustainability measures.
The social media and AI giant will also plug Jamnagar into Project Waterworth, its ambitious subsea cable network billed as the world’s longest.
Catch up quick: Meta and Reliance have partnered since 2020, when Meta invested $5.7 billion for a 9.98% stake in Jio Platforms . Since then, they have launched multiple joint initiatives, including their latest AI venture, Reliance Enterprise Intelligence Limited (REIL), where both firms have committed Rs 855 crore .
Reliance-backed robot startup seeks $100 million to lead in India
Robotics startup Addverb Technologies is looking to raise more than $100 million in fresh funding.
Tell me more:
- This is Addverb's first major fundraise since Reliance invested $132 million in 2021 to acquire a controlling stake.
- Founders and employees together hold about 20% of the company.
- The new capital will fund the development of humanoid and quadruped robots, new AI systems and training‑data pipelines.
Also Read: Amazon secures $17.5 billion loan facility amid AI-driven capex ramp
India can take the lead in applying AI in industries: SAP CEO Christian Klein
With AI models becoming commoditised, India has a chance to lead in industry‑specific AI applications, SAP CEO Christian Klein told ET in an interview.
Edited excerpts:
On geopolitical tensions: Geopolitical tensions, from the West Asia conflict to inflation and supply‑chain risks, remain high. Yet we see no downward trend in IT spending. In fact, IT budgets continue to rise as companies increasingly view AI and IT as part of the solution to these challenges.
On IT's AI future: AI will automate some tasks consultants perform today, especially ERP (enterprise resource planning) migration and repetitive implementation work. That will cause short‑term disruption.
But new categories of work are already emerging. Enterprises still need people to implement, train, govern and adapt AI agents to complex business environments.
Talent hunt: We are hiring aggressively in India, especially full‑stack AI developers, forward‑deployed engineers, data engineers and data scientists. As we build AI agents for enterprise use cases, we need engineers who can work directly with customers and deploy these systems across complex business environments.
Also Read: AI not a threat, but opportunity for IT services: TCS chairman N Chandrasekaran
Anthropic releases Fable 5, first public model from Mythos family
Anthropic has opened Fable 5 , its most powerful AI model yet, to public use while keeping guardrails for sensitive applications.
About the model:
- Fable 5 is the first publicly available model from Anthropic's advanced Mythos family, unveiled in April.
- The lineup began with tight limits because of cybersecurity risks.
- Anthropic says the Fable 5 excels at coding, software debugging, complex research and image analysis.
- Usage is priced at $10 per million input tokens and $50 per million output tokens — double the rate of Opus 4.8.
Also Read: Anthropic’s Fable 5 draws mixed reactions from early users
What else? Alongside Fable 5, Anthropic is providing an unrestricted version, Claude Mythos 5, to organisations that already have access to the Mythos family through its Project Glasswing programme .
The programme was expanded in June to about 200 organisations across more than 15 countries. Anthropic had previously restricted Mythos models because of their ability to rapidly identify vulnerabilities in critical infrastructure, including banking systems, power grids and software.
Also Read: Indian cyber, telecom, banking & finance firms get access to Mythos; IT left out
Chinese production holds steady despite tech‑transfer curbs
Chinese electronics brands continue to expand in India even as Beijing tightens control over supply chains and overseas investments.
What’s happening? Brands including Hisense, Haier, Itel, Infinix, Motorola and Oppo are ramping up local manufacturing, launching new products and boosting exports from India, executives told analysts.
Epack Durable CEO Ajay DD Singhania said the company has seen no sign that Beijing is stopping Chinese firms from investing in India.
Tell me more: In April, China introduced new supply‑chain controls . Last week, it further expanded its powers to regulate technology transfers, movement of technical talent and overseas deals involving strategic assets in areas such as artificial intelligence and advanced manufacturing.
Industry executives say these measures mainly aim to protect critical technologies such as AI and are unlikely to hit routine manufacturing or expansion plans of Chinese electronics brands in India.
Salesforce layoffs: Employees from Agentforce AI, Mulesoft IT teams handed pink slips
In its third round of layoffs, Salesforce has cut 86 roles across sales, administration, technology and product, Business Insider reported.
Driving the news: Staff working on Agentforce AI, Mulesoft integration and Marketing Cloud have received pink slips, according to a regulatory filing cited in the report. Affected employees will stay on payroll until August 7 and receive severance based on their level and tenure.
Setting context: This is Salesforce’s third round of job cuts since September 2025 , when it axed 4,000 customer‑support roles as AI took over routine tasks. Earlier cuts this year also hit marketing, product management and analytics teams.
The latest move comes amid a broader wave of tech layoffs in 2026 driven by AI adoption and cost‑cutting, with layoffs.fyi tracking more than 117,000 tech jobs lost across 175 companies so far this year.
