OpenAI to end partnership with SpaceX's Cursor

OpenAI ‌said ​it ​was ⁠not confident that SpaceX ​would use its technology "within ​our terms of service."

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Canada to loan quantum startup Xanadu $140 million to build manufacturing plant

Experts have ​long touted quantum computers' potential to solve problems regular computers cannot and speed up ​scientific discoveries, but the technology remains error prone because of its extreme sensitivity to any disturbances including sound.

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US judge blocks Pentagon's Anthropic blacklisting

Anthropic's ​lawsuit in California federal court alleges that Defense Secretary Pete Hegseth overstepped his authority when he designated Anthropic a national security supply-chain risk, a label the government can apply to companies that expose military systems to ‌potential infiltration or ⁠sabotage by ⁠adversaries.

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Block deals test valuations; Gig board exodus

Happy Friday! Block deals are putting startups’ private valuations to the test. This and more in today’s ETtech Morning Dispatch.

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Infosys invests in AI enterprise procurement startup Aerchain

Infosys has invested an undisclosed amount in Bengaluru-based AI procurement startup Aerchain through its Infosys Innovation Fund. Founded in 2019, Aerchain offers an AI-powered procurement platform for enterprises. The investment follows its $13 million funding round in March.

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ET Startup Awards 2026 | Woman Ahead: Palmonas, Progcap share crown for building across sectors

Palmonas cofounder Pallavi Mohadikar and Progcap cofounder Pallavi Shrivastava jointly won the Woman Ahead award at the ET Startup Awards 2026. The jury recognised their distinct journeys in building high-impact businesses in jewellery and supply-chain finance, as both founders tackle underserved markets in the country.

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Anthropic to rent AI computing power from Nscale for $45 billion

Anthropic ⁠has been aggressively expanding its computing power to meet demand ​growth it expects for products like AI coding tool, Claude ​Code. Nscale, a cloud infrastructure provider, will deploy Nvidia's new Vera Rubin chips to support Anthropic's computing needs, ​the person said.

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AMI’s Nvidia chip bet; Groww’s new growth play

Happy Wednesday! AMI has ordered 9,000 Nvidia Vera Rubin chips, becoming one of Asia’s first such adopters. This and more in today’s ETtech Morning Dispatch.

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Brazil fines TikTok owner ByteDance for unlawful processing of teenagers' data

ANPD said that the local unit of China's ByteDance had processed personal data of teenagers aged 13 to 18 without a valid legal basis. The regulator estimated that, during the period under review, TikTok may have processed the data of at least 8 ‌million children, reflecting ⁠what it ⁠described as shortcomings in the platform's age-verification system.

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ETSA 2026: Jury to pick winners today; SoftBank trims Lenskart stake

The day has arrived! The elite jury of The Economic Times Startup Awards 2026 will convene in Bengaluru today to select the brightest stars in India’s startup galaxy. This and more in today’s ETtech Morning Dispatch.

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ETSA 2026: Elite jury meets today to crown startup ecosystem's best

A distinguished jury led by Wipro’s Rishad Premji will select winners for the 12th edition of The Economic Times Startup Awards. The awards recognise entrepreneurial excellence across categories including innovation, women-led ventures and social enterprise. The coveted Startup of the Year nominees include Porter, Skyroot Aerospace, Rapido, Meesho, Groww and Sarvam.

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