Kunal Shah’s WhatsApp win; India bourses insulated from AI boom (opens original article in a new tab)

Kunal Shah, founder of Cred, has been appointed as the new CEO of WhatsApp, while Meta invests heavily in Cred and India's stock markets show less exposure to AI chip companies.

• Kunal Shah, founder of Cred, has been appointed as the new CEO of WhatsApp, marking the first time an Indian entrepreneur has led the platform.
• Meta has invested $900 million in Cred, acquiring a 20% stake, and is adopting a strategy of taking stakes in startups and hiring their founders into senior roles.
• India's stock markets are less exposed to AI chip companies compared to other emerging markets, with a more diversified portfolio in sectors like banking and infrastructure.