🛵 Blinkit blinks, rivals pause

Good morning. It’s a great day - let’s go after it 💪 

Ruchirr Sharma & Shatakshi Sharmaa  

TABLE OF CONTENTS

• 💰️ Nvidia bets $100B on OpenAI’s future

• 🛵 Blinkit blinks, rivals pause

• Bite-sized summaries

  • 🏆️ SRK, Rani Shine

  • 🧑‍🏭 Accenture eyes 12,000 jobs in Vizag

• 🧑‍🍳 What else is cookin’?

MARKETS

🌍️ International

• US markets pulled back after a strong run of record closes, driven by profit-taking and renewed caution about valuations and the economic outlook. Technology stocks led the retreat, while industrials and defensives outperformed. Fresh business activity data signaled slowing momentum, adding to the cautious tone.

ARTIFICIAL INTELLIGENCE

💰️ Nvidia bets $100B on OpenAI’s future

The world’s hottest AI company just locked in the world’s hottest chipmaker. Nvidia announced it will invest up to $100 billion in OpenAI, while also supplying it with the GPU firepower needed to train and run next-gen models.

Think of it as a two-way street: OpenAI gets the chips it desperately needs to keep its lead in the AI race, while Nvidia secures a financial stake in its biggest customer—a neat way of ensuring demand for its GPUs stays sky-high.

Here’s how it works: OpenAI will buy Nvidia’s systems with cash, and Nvidia will reinvest back into OpenAI through non-controlling equity. Deliveries start in late 2026, with the first gigawatt of compute power rolling out on Nvidia’s Vera Rubin platform. The companies also signed a letter of intent to scale to 10 gigawatts of AI infrastructure.

Why it matters: Training frontier AI models requires enormous computing power, and Nvidia is the bottleneck supplier. This deal makes it even harder for rivals—whether that’s Google, Amazon, or custom chipmakers—to break Nvidia’s dominance. It also strengthens OpenAI’s hand as competition from Anthropic, xAI, and DeepSeek heats up.

But there’s a catch. With antitrust regulators already eyeing Nvidia, Microsoft, and OpenAI, a tie-up of this size could invite fresh scrutiny. For now, though, Wall Street’s cheering: Nvidia’s stock jumped 4.4% to a record high after the news.

Bottom line: In AI, compute is king, and this deal just crowned Nvidia the emperor.

Read more: Economic Times

DELIVERY

🛵 Blinkit blinks, rivals pause

India’s quick commerce race has a clear frontrunner — and it’s not even close anymore. Blinkit, owned by Zomato, now controls over 50% of the 10-minute delivery market, according to BofA Securities. That’s a big jump from 40% a year ago and 46% late last year.

What changed? The competition hit the brakes. Zepto, once the fastest-growing rival, has slowed expansion to conserve cash. Swiggy’s Instamart, meanwhile, is chasing profitability instead of pure growth. Other players like BigBasket, Flipkart Minutes, and Amazon Now are still in the mix but aren’t pushing aggressively.

In plain English: Blinkit kept sprinting while everyone else started pacing themselves.

The result? Reduced “competitive intensity,” as analysts politely put it, has given Blinkit room to stretch its lead. Add in strong and sticky consumer demand — those late-night ice cream and last-minute grocery cravings aren’t going anywhere — and Blinkit is positioned to grow even more in both gross merchandise value (GMV) and net merchandise value (NMV).

Why it matters: Quick commerce has been one of the most cutthroat sectors in India’s startup scene. The old status quo was a three-horse race — Blinkit, Zepto, Instamart — battling for share with aggressive discounts and expansion. Now, with rivals shifting focus to the bottom line, Blinkit has the rare luxury of scaling without burning as much cash.

The takeaway? In a market that was once a free-for-all, Blinkit’s dominance may be solidifying into something more durable.

Read more: Economic Times

GENERAL OVERVIEW

🗞️ Bite-sized summaries

🏆️ SRK, Rani Shine - The 71st National Film Awards (2023) celebrated Indian cinema’s finest, with 12th Fail winning Best Feature Film. Shah Rukh Khan (Jawan) and Vikrant Massey (12th Fail) shared the Best Actor award, both receiving their first National Awards. Rani Mukerji earned her maiden Best Actress award for Mrs. Chatterjee Vs Norway. Other highlights included Flowering Man as Best Non-Feature Film and God Vulture and Human as Best Documentary. Rocky Aur Rani Kii Prem Kahaani won Best Popular Film, while Sam Bahadur was honoured for national values. The awards showcased excellence across cinema, music, and technical artistry.

🧑‍🏭 Accenture eyes 12,000 jobs in Vizag - Accenture plans to set up a new campus in Visakhapatnam, Andhra Pradesh, with the potential to add 12,000 jobs in India. Already employing over 300,000 people in India—its largest workforce base globally—the company has sought 10 acres of land under the state’s policy offering leases at just ₹0.99 per acre for firms creating large-scale employment. The proposal mirrors recent expansions by TCS and Cognizant, which are building campuses in the city to generate about 20,000 jobs, backed by investments of over $300 million combined. The move reflects a broader shift toward Tier-2 cities, where lower costs and growing local talent pools make expansion attractive. It also comes as U.S. policies—like Trump’s new $100,000 H-1B visa fee and possible 25% outsourcing tax—push Indian IT firms to recalibrate strategies and strengthen domestic bases.

HEADLINES

🧑‍🍳 What else is cookin’?

What’s happening in India (and around the world 🌍️)

• Jimmy Kimmel show to return after suspension over Charlie Kirk comments.

• Queues at car dealers, online carts piled high on day 1 of GST 2.0 launch.

• ONGC directed to take charge of Vedanta oil block.

• Doctors may be exempt from $100,000 H-1B visa fee.