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WFH Rebounds as Boomer Bosses Retire; AI, Crypto, & Quantum Surge

AI investments in India are surging, with major commitments from American investors and tech firms coinciding with a significant artificial intelligence summit in New Delhi. Meanwhile, FedEx is focusing on value creation through financial discipline and D-Wave CEO Alan Baratz shrugs off short attacks, and the future of remote work is predicted to make a comeback. Crypto venture firm Dragonfly closed a $650 million fourth fund despite market challenges.

Blackstone announced on Monday that it was leading a $600 million equity investment in Indian AI cloud startup Neysa, according to Fortune. This investment aims to deploy over 20,000 GPUs for AI training in India. Chip giant AMD also announced an expanded partnership with Mumbai-based Tata Consultancy Services to deploy up to 200 megawatts of AI infrastructure capacity in India. These developments are occurring as leading technology executives converge on New Delhi for one of the largest artificial intelligence summits in the world.

FedEx is embarking on a new era of value creation, according to CFO John Dietrich, as reported by Fortune. The company is dialing back capital spending and focusing on its network, data, AI, and tighter financial discipline to achieve its 2029 goals. At its 2026 investor day last week, FedEx projected 4% annual revenue growth to $98 billion (excluding FedEx Freight) between FY26 and 2029, $8 billion in operating income, and $6 billion in adjusted free cash flow by 2029. The company is prioritizing returns over revenue growth, given a slower parcel market, normalized e-commerce demand, and uneven global trade.

D-Wave Quantum CEO Alan Baratz views short attacks as a hazard of the job, as reported by Fortune. The company was targeted by Kerrisdale Capital in April of last year, which argued there is no proof that D-Wave's quantum systems solve complex problems faster than ordinary classical computers. D-Wave, along with IonQ, Rigetti Computing, and Quantum Computing Inc., are all publicly traded quantum computing companies that have been targeted by activist investors shorting their stock in the last 14 months.

The future of remote work is predicted to make a comeback, according to new research cited by Fortune. The National Bureau of Economic Research found that millennial and Gen Z bosses are more likely to allow staff to work remotely than their older counterparts. The researchers tracked monthly surveys of 8,000 U.S. workers aged 20 to 64 across 2025 and concluded that employees at younger firms, and under younger CEOs, spend significantly more time working remotely.

Dragonfly Capital closed a $650 million fourth fund, even as blockchain VCs face market challenges, according to Fortune. Rob Hadick, who joined Dragonfly Capital in April 2022, experienced the crypto market's downturn shortly after his arrival.

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