Donald Trump says his team will 'look into' US taking stake in AI companies

Digital news outlet NOTUS reported on Thursday that senior U.S. ​officials held preliminary discussions with AI companies about the potential for the government to buy ​some shares in their firms.

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IT secretary signals stricter government controls for AI, biometric devices

India is prioritising strategic autonomy and control over AI and biometric hardware, following global trends. Concerns over trusted sources for IoT devices and potential espionage are driving this focus. Mandates for CCTV and telecom equipment highlight the government's commitment to securing digital public infrastructure.

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Meta weighs big equity raising to finance AI infrastructure: FT

Meta ​is ​considering raising tens of ‌billions ⁠of ⁠dollars ​in a stock ​offering as ​it ⁠seeks new ‌sources ​of ​capital ⁠to fund the ​company's AI ​ambitions, according to a report by the Financial ‌Times.

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NASA reverses evacuation alert order for astronauts aboard space station

Five astronauts on the International Space Station prepared for evacuation Friday due to a worsening air leak. Russian experts worked to seal two leaks, with one already fixed. The situation escalated from a minor leak to a more significant one. NASA and Roscosmos are collaborating on a solution. This incident highlights the ongoing challenges of maintaining the orbital laboratory.

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RBI clears Myntra's FEMA violations after penalty payment; ED closes investigation

The Reserve Bank of India has closed an Enforcement Directorate investigation into Myntra Designs Private Limited. This action follows the RBI compounding certain Foreign Exchange Management Act violations. The company faced allegations of delays in submitting overseas investment reports and undertaking commitments before compliance. The RBI imposed a one-time monetary penalty, resolving the matter and concluding the probe.

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FirstClub raises $55 million from Peak XV, Sofina; valuation doubles to $255 million

Quality-focused grocery delivery startup FirstClub has secured $55 million in a Series B funding round led by Peak XV Partners and Sofina, valuing the company at $255 million. The capital will fuel expansion into new cities, enhance supply chain and technology, and broaden product categories.

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Applied Aerospace & Defense valued at $3.5 billion as shares rise in NYSE debut

Applied Aerospace & Defense made its stock market debut on Wednesday. The company's shares opened higher than their offer price. This debut valued the firm at over three billion dollars. It also marks the start of a busy week for new stock listings. Several other companies are also set to go public this week.

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IT firms spend big on acquisitions as AI hits growth

Indian IT firms are buying smaller companies to boost growth. Acquisitions are happening due to AI's impact on pricing and organic growth. Companies are spending billions to gain clients and market share. These deals help IT providers enter new markets and offer expanded services. This strategy aims to counter revenue pressures and vendor consolidation.

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India’s AI edge will come from talent, not compute, says Snowflake CEO

Snowflake CEO Sridhar Ramaswamy believes India's AI advantage lies in its talent and innovation under constraints, not just infrastructure. He advises focusing on engineering prowess and efficient systems, cautioning against solely measuring AI adoption by token usage and emphasizing business outcomes over consumption metrics.

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Japan's MUFG readies $250 million India fund as new investors emerge with bold bets in Indian startup market

Japan's MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus on early and growth-stage companies, especially in fintech. This move comes as other major investors have slowed their activity. MUFG's initiative aims to fill this gap, backing India's digital growth. The fund could expand to $400 million.

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Clean-label food brand Anveshan raises Rs 150 crore led by Vertex Ventures

Clean-label food brand Anveshan has secured Rs 150 crore in a significant funding round. The investment, led by Vertex Ventures, will fuel expansion into new manufacturing units and product categories. Anveshan aims to make high-quality clean food products accessible to a wider consumer base across India.

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