Karnataka government to fund 100 startups with Rs 25 crore for pilot projects in government departments

Selected startups can get work orders of up to Rs 25 lakh each for pilot projects under an initiative called Government First under goverment's flagship Elevate programme, announced as part of Karnataka’s Startup Policy 2025-30.

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OpenAI launches ChatGPT for financial services industry

The product, ChatGPT for Financial Services, was developed with Morgan Stanley and Evercore as design partners ‌to help ⁠shape the ⁠offering, OpenAI said in a blog post.

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IBM, NASA launch AI model to help map ice, craters on Moon

The NASA-IBM Lunar Foundation Model is ‌a publicly ⁠available AI ⁠tool designed to study the Moon. It was trained ​on more than 30 layers of data collected by nine instruments ​on four NASA missions, including the Lunar Reconnaissance Orbiter.

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Wipro's AI push frees capacity equivalent to 20,000 workers, CTO says

The comments come as India's $315 billion software services industry grapples with adoption of AI, which is ‌reshaping hiring, software ⁠development and ⁠contracts.

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Meta tests fact-check replacement in Latin America

Meta said Wednesday it had begun testing Community Notes in 16 Spanish-speaking countries in Latin America, a step toward replacing the professional fact-checking program it runs with partner organizations across the region.is among the fact-checking organizations that participate in Meta's program in Latin America and elsewhere.

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Habuild CEO on user loyalty; Flipkart Minutes gets its own app

Happy Thursday! Habuild CEO Saurabh Bothra said repeat users are helping the company drive growth. This and more in today’s ETtech Morning Dispatch.

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ET Startup Awards 2026: Habuild leans on repeat users to expand beyond yoga into strength training, nutrition

Habuild, winner of the Bootstrap Champ title at the ET Startup Awards 2026, has built a profitable digital wellness business driven largely by repeat subscriptions. The platform, which started with free yoga sessions during Covid, reported Rs 112 crore revenue and Rs 57 crore net profit in FY25, while expanding into strength training and AI-led nutrition tools.

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US accuses Chinese AI firms of 'malicious' copying of AI technology

The Chinese companies copied U.S. AI labs' intellectual property through a technique known ‌as distillation, according ⁠to ⁠a statement from U.S. law enforcement and intelligence officials. Distillation is the process of training ​smaller AI models using output from larger, more expensive ones as part of an effort ​to lower the costs of training a new AI tool.

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Amazon, Flipkart's multi-front war; India set for more GCCs

Happy Wednesday! Amazon and Flipkart have broadened their bets as quick commerce platforms chip away at their share of user base. This and more in today’s ETtech Morning Dispatch.

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US suspends Cognizant green card filings

The action came a day after Cognizant announced plans to expand its American workforce. The company said it planned to hire 1,500 US college graduates and increase its Frontier Certified Engineer and Frontier Business Operator workforce to 15,000 people.

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Late-stage funding squeeze; ISRO opens up space

Happy Tuesday! India’s late-stage funding market is tightening, with investors writing smaller cheques and pushing for lower valuations. This and more in today’s ETtech Morning Dispatch.

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