American tech giant Google has tied up with the Indian telecom company to offer its artificial intelligence tools free of cost to Jio users. The tech major has announced it will provide the Google AI Pro plan to Jio Unlimited 5G plan subscribers at no additional charge for 18 months.
The bundle of services includes the latest versions of Google Gemini, Nano Banana and Veo 3.1 models. The offer will first be rolled out to Jio users aged between 18 and 25, and will soon be extended to include all eligible Jio users across India.
Users can activate the service through their MyJio app. According to Google, the combined value of the free AI bundle stands at around ₹35,100.
Nvidia’s $5 trillion market cap American AI chipmaker Nvidia has become the first company in the world to hit a five trillion-dollar valuation. It reached this new milestone just three months after crossing the four trillion-dollar market capitalisation mark.
The recent surge in Nvidia’s stock has been driven by CEO Jensen Huang’s announcement that the company has secured AI chip orders worth 500 billion dollars for the next four years. This reflects the soaring demand for AI chips that power supercomputers, data centres, autonomous vehicles, and a wide range of other products.
IPOs in the spotlight
The top name on the IPO list this week is eyewear retailer Lenskart. On Friday, the Peyush Bansal-led company launched its ₹7,278 crore issue, with shares priced between ₹382 and ₹402 apiece. The issue, which closes on November 4, values Lenskart at almost ₹70,000 crore. Some experts have called the valuation excessive, while others disagree.
Next, all eyes are on Groww, which operates a digital investment platform offering access to equities, mutual funds, derivatives, bonds, and IPOs.
The company is hitting the market with its primary issue of ₹6,632 crore on November 4, which closes on November 7. The company’s tentative listing date has been set for November 12. The Groww IPO price band is fixed between ₹95 and ₹100 per share.
US-China trade truce
US President Donald Trump and China’s Xi Jinping met in South Korea this week. Following the meeting, Trump announced that the US had agreed to reduce tariffs on Chinese goods from 57% to 47%.
In exchange, China will curb the fentanyl trade, resume purchases of American soybeans, and maintain rare earth exports to the US. The Chinese side added that the US will delay by one year a new measure that prevents sanctioned Chinese companies from accessing US technology.
However, the outcome of the meeting failed to impress global markets. Some trade experts said the meeting offered only temporary relief and did not deliver a meaningful reset in the ongoing US-China trade tussle.
Markets this week
Indian stock markets saw a sharp uptick mid-week but failed to sustain the momentum. Both the Sensex and the Nifty closed with marginal cuts for the weeks.
