BofA extends first $520 million loan to OpenAI ahead of IPO

The loan makes BofA one of OpenAI's largest lenders and bolsters its credentials as a market leader ‌in AI-related capital ⁠markets ⁠financing, the source said, requesting anonymity to discuss confidential information.

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Google Cloud’s big India AI bet; Swiggy crosses key ownership threshold

Google Cloud is supercharging its India bet with a local AI play and a potential manufacturing push. This and more in today’s ETtech Morning Dispatch.

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US cyber agency is using Anthropic's Mythos to audit government code, sources say

The Cybersecurity and Infrastructure Security Agency is using Mythos to scan government code repositories for bugs that could leave the door ​open for foreign spies and cybercriminals, the sources said.

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Meta expands generative AI tools with Muse Image rollout

The company said Muse Image, which is integrated ‌into its ⁠Meta ⁠AI chatbot, can interpret complex prompts, use photos as inputs ​and let users edit generated images directly through sketches or ​annotations.

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WhatsApp username row: Meta gets time till July 9 to reply to notice

However, the Ministry of Electronics and Information Technology (MeitY) subsequently issued a formal notice directing Meta to put the India rollout on hold pending a rigorous risk assessment. It also asked the company to submit a response on the same by Monday.

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Inside Telegram’s leak economy; Flipkart employees’ latest windfall

Non-consensual image rings are turning small UPI transfers into tickets to abusive, closed Telegram groups. This and more in today’s ETtech Morning Dispatch.

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Info Edge to acquire edtech platform Coding Ninjas

Following its board meeting held on Monday, the company said it will acquire the entire remaining shareholding of Sunrise Mentors, which operates the edtech platform Coding Ninjas, from its founders.

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Elon Musk's bid to set aside Twitter fraud verdict rejected by US judge

U.S. District ​Judge Charles Breyer in San Francisco also denied Musk's motion to decertify the class of investors, and granted the investors' motion for prejudgment interest. The judge did, however, find Musk not liable for one of his challenged tweets.

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AI creating new consumer demands, biz opportunities beyond productivity gains: Bosch Global Software Technologies CEO

AI is often viewed only through a technological lens, even though its impact extends far beyond technology, right from social re-engineering of the corporate landscape to fundamentally changing how organisations work, structure teams and lead people, he said.

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Navi eyes Rs 3,000-crore IPO; inside IT CEOs’ pay

Sachin Bansal’s Navi is preparing to return to the public markets by the March quarter of FY27. This and more in today’s ETtech Morning Dispatch.

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AI capex cycle likely to end with market pushback, not spending cuts: Jefferies

Global brokerage Jefferies suggests the AI investment boom might falter not due to tech giants cutting spending, but investor impatience for returns. A significant wealth transfer to North Asia, evident in surging Korean and Taiwanese market caps, highlights where AI capital is flowing. US hyperscalers' recent underperformance and increased debt funding raise concerns about potential capital destruction if returns don't materialize.

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