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ING says India software exports reached about 5.2% of GDP

ING estimates that India's software-services exports have risen to about 5.2% of GDP, from 3.3% before the pandemic. The bank attributes the shift to AI pushing the country's IT industry toward higher-value work, while saying the outsourcing industry shows little sign of losing ground to AI.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Science

MIT-led team receives up to $38 million for disease-monitoring patch

An MIT-led team has received funding from the U.S. Advanced Research Projects Agency for Health for a four-year project worth up to $38 million to develop a wearable patch that continuously monitors biomarkers of heart disease and sepsis.

Capital
Capital

EloElo raises $80M Series C at $500M valuation

India-based EloElo raised an $80M Series C led by Hornbill Capital and NBCU at a $500M valuation, TechCrunch reported. Its Story TV microdrama app has 33M+ estimated active users. The financing comes as more than 118 million users watch microdramas every month in India.

Capital
Capital

JawBuddy raises €818k to fund jaw therapy study and reimbursement efforts

Leipzig startup JawBuddy has raised €818k in pre-seed funding led by healthcare platform HALBZEIT to fund an efficacy study and pursue health insurer reimbursement for its jaw therapy app. The total includes the Business Angel Bonus from Sächsische Aufbaubank.