Tiger Global, Dragoneer in talks to invest in Kalshi's new $1 billion fundraise

The fresh capital raise is expected to be finalised in the coming weeks and will value Kalshi at about $40 billion, the sources said, requesting anonymity as the discussions are confidential. It comes on the heels of a $1 billion fundraise in May that valued the firm at $22 billion.

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Anthropic says rogue AI agents pose uncertain legal risk for the company

Anthropic could face legal claims from customers and users over the actions of rogue artificial intelligence agents, though the legal framework is uncertain, the company said in the prospectus for its stock market debut seen by Reuters.

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Union minister Piyush Goyal to headline ET Startup Awards on October 9 in Bengaluru

Goyal has been leading trade negotiations with key partners, including the US, after sealing high-profile deals with the UK, which came into force in July, and the EU, which is expected to take effect early next year. His ministry is also overhauling a raft of laws and regulations to make it easier to do business and to cement India's position as a global manufacturing hub, a push that has coincided with record foreign direct investment (FDI) inflows of $94.53 billion in FY26.

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Trump's AI meeting with tech CEOs to focus on finding balance, US House speaker says

The White House meeting, which will include Mike Johnson, comes as leading AI companies are calling for slowing development of increasingly capable AI systems, warning of the risks to humanity and appealing for governments to work together to manage the increasingly powerful technology.

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Trump said he would dine with Anthropic CEO Dario Amodei amid mounting AI debate

Trump told reporters after returning to Joint Base Andrews in Maryland that he was grabbing dinner at 10 pm with Dario Amodei. The meal comes just two days after Amodei's company faced a setback in a court case against the government over its barring its products for Defense Department work.

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a16z’s Raghuram isn't writing off India AI yet; insurers weigh new rules

Happy Monday! a16z’s Raghu Raghuram said India can build frontier AI companies by using its talent. This and more in today’s ETtech Morning Dispatch.

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China weighs allowing ByteDance, Alibaba to buy new Nvidia chips: The Information

China's Ministry of Industry and Information Technology recently asked companies including ByteDance and Alibaba to report their plans to purchase Nvidia's RTX PRO 5500 chips, according to the report.

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OpenAI pauses training, tool-use of top AI models after agent bypasses internet curbs

The agent, OpenAI said, bypassed the curbs through a gap in its Domain Name System (DNS) filtering and used it to send questions to a public chatbot service. According to a report by OpenAI, the pause will stay in place until OpenAI has confirmed that the gap is resolved and has carried out further security testing of its systems.

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AI, semiconductors, quantum to drive India's next infrastructure push: FM Sitharaman

Union Finance Minister Nirmala Sitharaman highlighted the need for investment in AI, semiconductor chips, and quantum technology. She stated that strengthening digital infrastructure will support AI adoption across various sectors. Additionally, Sitharaman underscored the importance of providing AI solutions to micro, small, and medium enterprises. She believes that achieving over 10 percent economic growth is possible with greater effort in all sectors.

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OpenAI works to understand full scope of agent activity as user data leak emerges

OpenAI's ongoing battle also reflects a yawning gap between the strength of the models the company is testing and its capacity to oversee or even track their actions.

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European Union vows to defend its stand against X after the US backs a court challenge from Elon Musk

The European Union imposed a significant fine on social media platform X for regulatory violations. Following this, the U.S. government expressed support for Musk's legal efforts to dismiss the fine. The European Commission emphasised its right to enforce legislation aimed at protecting citizens. This situation has escalated tensions between Brussels and Washington regarding regulatory power. Officials from both sides have engaged in discussions about jurisdiction and implications for American companies.

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