Shares of Paytm tanked 20% as the company decided to curtail low-value personal loans following RBI regulations. Despite decreasing headcount, the Indian IT sector is hiring leaders to navigate the challenges. Chennai-based startup, Sarvam AI, raised $41M for its generative AI models. A Google executive warned against the removal of safe harbour provisions. Google launched its biggest AI model, Gemini, capable of handling text, video and audio data.