Mid-tier VCs scout deeptech deals; ETSA winner Varaha’s India play

Happy Monday! Sector-agnostic mid-tier venture capital investors are recaliberating focus on India's deeptech startups. This and more in today’s ETtech Morning Dispatch.

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Trump says 'very negative forces' raising exaggerated concerns over AI

"We're leading China in AI. We're the most sophisticated country ‌in the world, ⁠and frankly ⁠I want to keep it that way because whoever wins AI wins," Trump told reporters at his Ireland golf course, when asked if the ​AI industry should slow down or be more regulated.

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OpenAI agents attacked RubyGems before Hugging Face incident, researchers say

Many incidents ‌where AI agents from ⁠developers such ⁠as OpenAI and rival Anthropic have hacked or attempted to access external systems have heightened concerns over the increasing capacity of AI models and developers' ability to contain them.

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OpenAI's Sam Altman won't do IPO this year, calls AI extinction risk 'unacceptable'

The comments come as more US lawmakers urge new rules to govern AI systems after dire warnings from two researchers from OpenAI rival Anthropic that rapidly progressing AI could lead to the extinction of the human race in the not-too-distant future.

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The Next Decade of PhonePe and Future of Digital Payments | Deep Agarwal | Global Fintech Fest 2026

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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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