Meta AI glasses pilot faces privacy scrutiny

Privacy experts are flagging significant risks with Meta's AI glasses pilot for visually impaired citizens in Gujarat. Concerns centre on potential privacy violations for users and bystanders due to always-on cameras, and challenges under India's data protection law. While the technology promises independence, calls are mounting for stringent safeguards against data misuse and unauthorised access before deployment.

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Architect Labs raises $24 million to take on Broadcom, Marvell custom chip business

The company plans to target chip ​companies to ​help accelerate the design process but also software companies ⁠that could use custom chips to make their ​applications run faster or more efficiently, Architect co-founder Ebrahim ​Hussain said in an interview with Reuters.

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Nobel Prize winner John Jumper quits Google DeepMind after nearly a decade; set to join Anthropic

Nobel laureate John Jumper, a key figure behind the groundbreaking AlphaFold AI, is departing Google DeepMind after nearly nine years. He announced his move to rival AI firm Anthropic on X. Jumper's departure underscores the intense competition for top AI talent as startups like Anthropic vie with tech giants for leading researchers.

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Data centres, AI become IT's next growth bet

India's software services industry is finding new growth in data centers and AI. Companies like HCLTech, TCS, Accenture, and Cognizant are investing heavily in AI platforms and infrastructure. This strategic shift aims to position them as end-to-end partners.

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Amazon in talks to sell custom AI chips in bid to cut Nvidia’s dominance

Amazon is planning to sell its custom artificial intelligence chips to other companies. This move aims to compete with Nvidia's strong hold in the market. Amazon's AI chief confirmed discussions are underway. The company sees a growing demand for AI infrastructure globally. This expansion could significantly impact the AI chip industry.

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PE firms join GCC boom, push portfolio companies to set up captive centres

Private equity-backed firms are increasingly establishing Global Capability Centres (GCCs) in India, moving beyond cost savings to build AI, engineering, and product capabilities. This trend signifies a shift from large corporations to mid-market companies leveraging GCCs as a strategic value-creation tool for portfolio companies.

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W marks the X-spot: European social network takes on Musk

As Europe pushes for more tech sovereignty, social network W believes it has the X- it's European. The most popular social networks in Europe are Meta's Facebook and Instagram with 259 million monthly users, Chinese-owned TikTok with 135.9 million monthly and X with approximately 115.1 million users, according to the EU.

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Amazon Now to launch 100 large fulfilment stores in key markets ahead of Prime Day

Amazon Now is launching 100 large fulfillment centers across major Indian cities, significantly expanding its product assortment beyond daily essentials to include electronics and other everyday items. This strategic move aims to deliver products in 10-20 minutes, bolstering its presence in the rapidly growing quick commerce sector ahead of its Prime Day event.

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Microsoft launches AI agent with pay-as-you-go pricing

Microsoft is changing how it charges for its software for the first time in two decades, moving to bill customers with a pay-as-you-go model each time they use its new AI agent. The turn is a notable one for Microsoft, whose office software has relied for some two decades on fixed, predictable subscription fees.

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Pavel Durov criticises NTA curbs, says Telegram ban punishes 150 million Indian users

Telegram CEO Pavel Durov criticized India's temporary ban on the messaging app, stating it punishes millions of users instead of those leaking exam materials. The restrictions, imposed by the NTA ahead of a re-examination, aim to curb misinformation but Durov argues they are ineffective as leaks simply move to other platforms.

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Snap bets on AR glasses in post-smartphone race

Snap, the parent company of social network Snapchat, on Tuesday launched its Specs augmented reality glasses, a major bet by a struggling company to stake out ground in the post-smartphone era. Unveiled at the Augmented World Expo in Long Beach, California, the Specs are the first standalone augmented reality glasses aimed at the general public, according to the company.

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Talent shortage triggers AI adoption among insurers

A shortage of trained insurance professionals is driving insurers to automate claims processing, underwriting, and customer onboarding. This shift enables companies to handle growing business volumes with greater accuracy and efficiency, rather than replacing existing roles. Technology adoption is enhancing productivity and allowing employees to focus on higher-value client interactions.

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Red Hat sees an opening as Indian enterprises turn to AI sovereignty

Indian businesses are increasingly opting for Red Hat's open-source solutions to gain control over their AI and cloud infrastructure, said Red Hat India and South Asia vice-president Navtez Bal. Driven by concerns over data sovereignty and vendor lock-in, enterprises are moving beyond AI experiments towards production deployments.

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Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker

The IPO, the biggest in US history, vaulted SpaceX's value above two Mag 7 members: CEO Elon ‌Musk's other company, Tesla , ⁠and ⁠Meta Platforms. With trillion-dollar contenders such as OpenAI and Anthropic waiting in the IPO wings, the club may soon need a name change, analysts said.

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Project Glasswing melts: US government suspends early access to Anthropic's Fable 5, Mythos 5 within days of rollout

India's brief access to advanced AI models from Anthropic has ended. A US government directive halted local access to Mythos 5 and Fable 5. This development signals a new AI export control regime. Governments now view frontier AI as strategic assets. India's engagement on technology policy faces new challenges.

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US ban on Anthropic's Fable 5 & Mythos 5 to put Indian IT services firms at competitive disadvantage

US restrictions on foreign access to Anthropic's advanced AI models, Mythos and Fable 5, are creating a significant competitive disadvantage for Indian enterprises and IT service providers. This exclusion, particularly from Fable 5's coding capabilities, raises concerns about digital equity and strategic dependency, as Indian data contributed to the models' value.

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DLI-backed chip companies call for government procurement support

Indian semiconductor startups are urging the government for stronger market access and intellectual property protection. They highlight the need for procurement support to foster growth and maintain domestic ownership. Existing schemes have boosted design capabilities, but incentives for electronics makers to adopt Indian chips are lacking. Founders emphasize that capital availability, not just nationalism, drives ownership decisions.

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France’s Mistral in funding talks at about €20 billion valuation

French AI startup Mistral AI is reportedly in talks to raise approximately €3 billion ($3.5 billion) at a valuation of around €20 billion. This significant funding aims to bolster its position in the competitive AI landscape against US and Chinese rivals. The company, founded by former Google and Meta researchers, focuses on providing AI infrastructure for European governments and industries.

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Ather Energy board approves Rs 2,500-crore fundraising plan

Ather Energy's board has greenlit a substantial fundraising plan, aiming to secure up to Rs 2,500 crore. This significant capital infusion will be achieved through a combination of equity and convertible securities, including a Rs 1,500 crore Qualified Institutional Placement and Rs 1,000 crore from various other instruments.

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Elon Musk recalls SpaceX’s journey from mere 10% chance of success to the world’s biggest IPO

Elon Musk revealed that when he founded SpaceX he gave it less than a 10% chance of success. However, the aerospace giant on Friday, debuted on Nasdaq in the largest IPO ever, with its valuation surpassing $2 trillion. This blockbuster listing also propelled Musk to become the world's first trillionaire.

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SpaceX officially confirms Nasdaq listing date

SpaceX is set to make history with the largest initial public offering ever, commencing trading on the Nasdaq exchange on Friday.

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Aum Ventures plans to invest Rs 750 crore in innovative startups in 5 years

VC firm Aum Ventures has launched its second fund, India Innovation Fund II, targeting Rs 750 crore. The fund aims to invest in 25-30 innovative, IP-driven startups over five years, focusing on pre-seed and seed-stage companies. This follows their previous deployment of $30 million across 24 early-stage ventures.

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Anthropic pursues data center leases, seeks financial backing from Google

AI firm Anthropic is planning to lease and manage its own data centers. The company is seeking financial backing from Alphabet's Google for lease payments. Anthropic has signed preliminary agreements for over 1 GW of US data center capacity. Google, a backer, may provide a financial guarantee for lease payments.

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Google to invest $50 million to train over 300,000 workers for construction and technical jobs

Google is investing fifty million dollars to train more than three hundred thousand workers. This initiative targets construction and technical roles like electrical work and plumbing. The funding will support programs across twenty states, partnering with unions and associations. This effort aims to address a growing labor shortage in essential industries. Google's commitment builds on previous global skilling investments.

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Musk's xAI accused of illegally firing engineer who raised safety concerns

Devin Kim, a former engineer at xAI, has launched a lawsuit alleging wrongful termination after he voiced serious concerns about the safety risks associated with the AI chatbot Grok. Kim contends that his proactive warnings put him in the crosshairs of the company, leading to his dismissal.

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US shortens cyber fix window to three days as AI threats rise

Government agencies are racing against a tight three-day deadline to address significant cybersecurity issues. This urgent requirement has been established in light of emerging threats from hackers employing sophisticated artificial intelligence. The Cybersecurity and Infrastructure Security Agency has paved the way for this proactive measure, aiming to bolster the resilience of American network infrastructure.

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SEZ import relief to fast track chip projects

India's semiconductor manufacturing sector is set for a major boost. New rules exempt imports for Special Economic Zones from quality checks. This will speed up the setup of chip fabrication plants and assembly units. Companies can now import necessary equipment and materials without delays. Compliance with Indian standards will only be required when products enter the domestic market.

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Zepto Q4FY26 revenue up 75% at Rs 7,498 crore, narrows loss to Rs 1,538 crore

Quick commerce firm Zepto reported a 75% revenue surge to Rs 7,498 crore in Q4 FY26, while narrowing its loss to Rs 1,539 crore. The company filed for a $1 billion IPO, aiming to test public market appetite for standalone quick commerce players. Zepto's performance is being closely watched against rivals Blinkit and Swiggy Instamart.

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Zepto files updated DRHP for $1 billion IPO

Quick commerce firm Zepto has filed its updated draft prospectus for a significant $1 billion IPO with Indian regulators. The offering includes a substantial fresh issue and a component for existing investors. This move brings the five-year-old company closer to one of the year's most anticipated new-age stock market debuts, following earlier confidential filings and regulatory approval.

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Z47 managing director Tarun Davda to exit firm amid string of top-level departures at VC funds

Tarun Davda, a key figure at Z47 for ten years, plans to exit the venture capital firm by year-end. Sources told us that Davda is exploring launching his own fund or returning to entrepreneurship. This departure follows other senior exits at Z47 and mirrors broader churn in India's venture capital sector.

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Here to win quick commerce, will become market leader in near-term: Samir Kumar, Amazon India chief

Amazon is planning to aggressively expand its 10-minute delivery service, Amazon Now, aiming for market leadership despite moderating quick commerce growth. The ecommerce giant plans to launch in over 100 cities with 1,000 dark stores, emphasising customer experience, wide selection, and speed to compete with rivals like Blinkit and Zepto.

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OpenAI plans ChatGPT 'superapp' overhaul ahead of listing, FT reports

The ​changes ​are part ⁠of a broader reorganisation at ​OpenAI, as it shifts ​resources to target lucrative enterprise clients and intensify competition ‌with rival Anthropic, the report said, ​citing ​more ⁠than a dozen current and former employees.

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Rupee slide pushes overseas students back to lenders for top-up loans

A significant rupee depreciation has forced Indian students studying abroad to seek top-up loans from lenders, as initial loan amounts fall short of rising tuition and living expenses. This has led to a nearly threefold increase in demand for additional funding, with students requiring Rs 1-6 lakh more.

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White House AI policy adviser Krishnan to leave position: Report

Sriram Krishnan, a White House AI policy adviser, is set to depart his role by June's end. He is reportedly considering establishing a new policy institution. This venture aims to bolster the Trump administration's future AI initiatives. The institution is expected to be staffed by engineers. This move signals a significant shift in AI policy focus.

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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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As the Pentagon pushes for battlefield AI, some military leaders urge caution

The Trump administration is pushing for AI in the U.S. military, facing calls for safeguards from companies and military leaders. Defense Secretary Pete Hegseth champions rapid AI evolution, clashing with tech firms like Anthropic over ethical concerns and autonomous weapons. President Trump prioritizes maintaining America's AI lead over potential restrictions.

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Adani says US legal issues behind it, bets on AI-driven infrastructure boom

Gautam Adani announced the Adani Group has overcome US legal challenges and is accelerating investments in energy, transport, and digital infrastructure. The conglomerate is positioning itself to capitalise on AI-driven growth, with significant capital expenditure in renewable energy, data centres, and logistics. Adani emphasised the group's commitment to nation-building despite past scrutiny.

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SoftBank to spend $87.5 billion on AI centres in France: Son

Japanese tech investor SoftBank will spend 75 billion euros ($87.5 billion) on artificial intelligence infrastructure in France, its founder Masayoshi Son told a French newspaper in an interview released Saturday. "75 billion euros in total," Son told La Tribune Dimanche weekly ahead of a French investment conference hosted by President Emmanuel Macron.

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Blue Origin investigates rocket explosion as public is warned about possible wreckage washing ashore

Blue Origin's New Glenn rocket exploded during a test firing, causing significant damage to its launch pad. This incident is a major setback for the company's plans, including its role in NASA's Artemis program. The explosion occurred just a month after the New Glenn fleet was grounded due to an engine issue.

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ETtech Deals Digest: Startups raised $1.11 billion in May, up 37% on-year

Indian startups secured approximately $1.1 billion in May, a significant 37% year-over-year increase, driven by Rapido's substantial $240 million funding round. While overall capital raised surged, the number of funding rounds saw a decline compared to the previous year. Late-stage deals dominated the funding landscape, accounting for the majority of the capital deployed.

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Listed digital payment majors finally turn a corner in FY26

Growth in the core payments business, expansion across credit products and wider adoption of revenue-generating payment instruments like credit cards on UPI, helped payment companies strengthen their bottom lines.

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Anthropic raises $65 billion, now valued at $965 billion

​Anthropic ​said on Thursday ‌it ⁠has ⁠raised $65 ​billion ​in ​a ⁠series ‌H ​funding ​round, valuing ⁠it at $965 ​billion ​post-money.

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Anthropic to roll out Claude Mythos in coming weeks, launches Opus 4.8

Mythos ​is the AI ​lab's large language model with advanced ‌cybersecurity capabilities that have ​raised concerns ​among ⁠executives and world leaders about its ​impact.

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No governance issue with shareholder resolution, will hold revote soon: Swiggy group CEO Sriharsha Majety

The resolution sought to amend Swiggy’s articles of association as part of a broader push to become an Indian Owned and Controlled Company (IOCC). It failed to secure the required 75% supermajority from shareholders, falling short by a slim margin at the meeting on May 21. Becoming an IOCC will allow Swiggy to operate its quick commerce business on an inventory model. Currently, in accordance with the foreign investment rules, it runs as a marketplace of sellers.

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Anthropic strengthens India team, appoints Sangeeta Bavi to lead startups

Announcing the move in a post on LinkedIn, Bavi pointed to her long ties with the founder community. "Founders have always held a special place in (my heart)," she wrote. "Their ambition, resilience and belief that they can change the world have taught me more than any other form of learning. That’s why joining Anthropic as Head of Digital Natives, Startups & Growth, India feels deeply meaningful."

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Rising AI adoption to drive $23 billion into India's data centres by 2030: Report

India’s data centre capacity is set to grow at a 26% CAGR over the next five years, according to a report. It highlighted that AI-led infrastructure demand alongwith rising cloud and digital adoption is expected to nearly triple India’s built data centre capacity from 1.6 GW in 2025 to 5 GW by 2030.

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Peak XV, Activate in talks to invest in Silicon Valley AI dictation startup Wispr Flow

Founded by Stanford graduates Tanay Kothari and Sahaj Garg, Wispr Flow develops a voice dictation tool that allows users to speak into apps and workflows instead of typing. The latest funding is likely to nearly triple its valuation to $2 billion, per people in the know.

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Aequs FY26 revenue rises 33% on aerospace, consumer business growth

For the March quarter, revenue from operations rose 47% year-on-year to Rs 367 crore, aided by growth in the aerospace business. The company posted a net loss of Rs 54.1 crore for the quarter.

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VCs eye deeptech fund launches to leverage RDI capital

Sector-agnostic VC firms Kalaari Capital and Blue Ashva Capital are among those exploring new deeptech-focussed vehicles amid rising investor appetite around areas such as spacetech, semiconductors, robotics and energy transition, people aware of the matter told ET.

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Udaan in talks to raise $50-60 million from existing backers Lightspeed, M&G: sources

The Bengaluru-based company had closed a $114 million funding round last June led by the two investors. The new round is being negotiated at a flat valuation of $1.8 billion and could be Udaan’s last private capital raise before it targets an initial public offering (IPO).

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Hotels strive to be found as AI models conduct travel search

With people increasingly adopting AI to help plan their vacations, hotels are working to make sure that you check them out -- and check in. "What a hotel needs to do to get well referenced by search engines is not the same thing that they need to do to get referenced by artificial intelligence," said Johanna Benesty at BCG. Moreover, not all AI models "work in the same way," she added.

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China's DeepSeek to make permanent 75% price cut on flagship V4‑Pro AI model

DeepSeek ⁠did ⁠not disclose whether the permanent price cut was due ​to increased supply of Huawei's Ascend 950 chips, which it ​used to maximize V4's performance.

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Anthropic AI model finds over 10,000 critical bugs across open-source software projects

The AI startup said around 50 carefully selected partners, including technology firms and research organisations, were given limited access to the model over recent weeks. Mythos Preview was used to scan more than 1,000 open-source software projects during the trial.

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Microsoft veteran Yusuf Mehdi to exit after 35 years

After 35 years at Microsoft, consumer chief marketing officer Yusuf Mehdi announced his departure, planning to leave in June 2027. Mehdi, a key figure in product launches from Windows 95 to Copilot Plus PCs, will focus on Windows, Microsoft 365, and the One Copilot vision during his remaining time.

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On London's streets, facial recognition tests the balance between security and liberty

The operation was an example of a technology the ​Metropolitan Police say is transforming policing, helping officers arrest around 2,500 wanted people since the start of 2024, including suspects accused of violent ​and sexual offences.

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China's JD.com weighs £2 billion bid for UK retailer The Very Group: Report

The move would follow JD.com's ​earlier UK efforts, including its failed takeover bid for electricals group ​Currys and its decision ⁠last year ‌to walk away ​from ​talks to acquire Argos ⁠from Sainsbury's.

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Activision shareholders reach $250 million settlement over Microsoft buyout

Shareholders of Activision Blizzard reached ‌a $250 ⁠million settlement ⁠over ​allegations that Microsoft and ​former executives of the ​maker ⁠of the "Call ‌of ​Duty" ​video ⁠game shortchanged them when the ​software giant acquired ​it in 2023 for $75.4 billion, according ‌to a late Thursday ​court ​filing ⁠in a Delaware state court.

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Wakefit reports profit of Rs 122 crore in Q4, revenue up 15% YoY

Wakefit reported a significant turnaround in FY26, achieving a net profit of Rs 121.8 crore in Q4 against a loss in the previous year. This surge was partly due to a one-time deferred tax credit. Operating revenue also saw a 15% year-on-year increase, driven by strong mattress sales, despite moderating discretionary spending in the latter half of the quarter.

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Ubisoft counts cost of restructuring with record annual loss

French games giant Ubisoft on Wednesday reported a record annual loss of almost 1.5 billion euros ($1.7 billion) for its 2025-26 financial year, in the midst of a far-reaching restructuring, game delays and cancellations. - AI hopes - Ubisoft had no major releases during the 2025-26 financial year apart from strategy game " Pax Romana".

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OpenAI preparing to file for IPO in coming days or weeks: Report

The ChatGPT ​maker is working with bankers at firms, including ​Goldman Sachs and ⁠Morgan Stanley, ‌on a ​draft ​IPO prospectus that ⁠it plans to file confidentially ​with regulators soon, possibly ​as early as Friday, the report said.

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Google kicks off I/O conference with AI upgrades for coders, consumers

Google CEO Sundar Pichai announced major AI advancements at the company's developer conference. New tools like Docs Live and Ask YouTube were revealed. Gemini AI now boasts 900 million users. The company also launched Gemini Omni, a new video generation model. These updates aim to strengthen Google's position in the AI race.

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Meta lays out plans for May 20 layoffs, restructuring, internal document says

In ​the document, ⁠the Facebook owner's head of ​human resources also told ​employees that "many leaders will announce org changes" in coordination with the layoffs.

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Elon Musk loses lawsuit against OpenAI

A significant verdict has emerged from the courtroom as a jury rejected Elon Musk's lawsuit against OpenAI, finding the company not liable for any wrongdoing. Musk contended that OpenAI had lost sight of its core mission to serve humanity's best interests, but the jury ruled that Musk's claims were untimely.

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Salesforce not building AI to displace humans: Vala Afshar

Salesforce is developing digital labor platforms using AI. The company emphasizes that these AI tools are designed to enhance human capabilities, not replace them. By automating repetitive tasks, Salesforce aims to free up employees for more creative and strategic work. This approach has already led to internal reskilling and growth within the company.

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Nvidia may lead AI startup Simplismart’s $20 million fundraise at $100 million valuation

Chipmaking giant Nvidia is reportedly in advanced talks to lead a $20 million funding round for Simplismart, valuing the AI infrastructure startup at approximately $100 million. Earlier this year, Simplismart said its AI inference platform would be made available on Nvidia infrastructure as the startup expanded its enterprise AI offerings.

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Steven Soderbergh used AI in a documentary about John Lennon. And he wants to talk about it

Steven Soderbergh's documentary "John Lennon: The Last Interview" utilises AI-generated imagery to visualise philosophical discussions from a final interview with John Lennon and Yoko Ono. The film, which debuted at Cannes, sparked debate over AI's role in filmmaking, with Soderbergh emphasising transparency and necessity in its application.

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Elon Musk wants SpaceX to go public. Here's how it works

Companies like SpaceX and OpenAI are eyeing stock market debuts, potentially in 2026. Going public involves choosing an exchange, filing detailed financial documents with the SEC, pitching to investors, and crucially, setting a share price. This complex process, known as an IPO, can take months and millions of dollars.

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Big risks and rewards in upcoming IPOs at SpaceX, OpenAI, Anthropic

Wall Street anticipates a wave of massive IPOs, led by SpaceX, OpenAI, and Anthropic, each aiming for trillion-dollar valuations. These mega listings, despite geopolitical headwinds, are expected to attract significant capital. Their public market performance will be a crucial test for current private market valuations and future tech offerings.

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SpaceX accelerates IPO timeline, targets June 12 listing on Nasdaq

SpaceX is preparing for a major stock market debut. The rocket and satellite maker plans to list its shares on the Nasdaq exchange as early as June 12. This highly anticipated IPO could be the largest ever, with a target valuation of $1.75 trillion. The company has accelerated its timeline, with a roadshow planned for early June.

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Gig workers’ union calls for five-hour shutdown over rising fuel costs; protest on Saturday

Gig and platform service workers are planning a five-hour nationwide shutdown on Friday to protest rising fuel prices and stagnant pay. The union demands an immediate revision of per-kilometre service rates, warning that increased fuel costs are eroding workers' earnings.

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D2C brands feel the pinch as consumers cut spending

Rising input costs and shrinking demand are squeezing smaller brands, with consumer spending projected to drop 5-6% next quarter. D2C brands face pressure as inflation and a weakening rupee push consumers towards essential purchases, impacting discretionary spending and average order values. Companies are absorbing costs or planning price hikes up to 10%.

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New York, California pension leaders oppose 'extreme' SpaceX control structure

US pension funds are raising significant red flags regarding SpaceX's imminent entry into the stock market. Leaders from California and New York have penned letters to Elon Musk, expressing their deep apprehensions about the governance framework that it affords him overwhelming influence. They urge for amendments to the voting rights and removal protections before the anticipated IPO takes place.

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After mass layoffs, Oracle pulls campus offers at IITs & NITs

US tech giant Oracle has rescinded dozens of job offers extended to students at premier Indian engineering institutes, including IITs and NITs. This development, impacting both full-time and internship roles, has caused significant anxiety among students as the placement season nears its end amidst a slow tech hiring market.

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Ex-Peak XV trio launches Mettle Capital, targets $350–400 million fund to back Indian startups

Three former Peak XV Partners, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have launched Mettle Capital. The new venture capital fund aims to raise $350-400 million. Mettle Capital will invest in Indian startups at Series A and B stages, with selective seed bets. The fund plans to close its fundraising within the next quarter and begin deploying capital by September-October.

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OpenAI chief Altman has over $2 billion stake in companies that dealt with OpenAI: court filing

OpenAI CEO Sam Altman's significant investments in companies doing business with his AI firm have come under scrutiny. Court documents revealed stakes worth over $2 billion. State attorneys general and Elon Musk have raised self-dealing claims. A congressional investigation is also underway. Altman has denied wrongdoing, stating he recused himself from key decisions.

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Board nomination framework changes part of effort to achieve Indian-owned company status: Swiggy

Swiggy has announced upcoming adjustments to its board nomination policies as part of its strategy to establish itself as an Indian owned and controlled company. This initiative is designed to align with foreign exchange compliance requirements.

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Meta offers rival AI chatbots free access to WhatsApp for a month

Meta Platforms is offering rival AI chatbots free access to its WhatsApp messaging service for one month. This move comes as Meta discusses commitments with EU antitrust regulators. The European Commission had indicated it was inclined to order Meta to provide such access. Previously, Meta had restricted its own AI assistant to WhatsApp, later proposing a fee for rivals.

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Anthropic expands Claude's AI tools for law firms, lawyers

Artificial intelligence (AI) company Anthropic has launched new tools for lawyers using its Claude AI assistant. These features offer specialized legal topic support and access to other legal research and AI products. Law firms can now securely connect Claude with platforms like Thomson Reuters for research and document management.

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Netflix sued by Texas for allegedly spying on children, addicting users

Texas has sued Netflix. The state attorney general claims the streaming giant spied on children and consumers. Netflix allegedly collected data without consent and designed its platform to be addictive. The company is accused of tracking viewing habits and selling them for profit. Texas seeks to stop this practice and impose fines.

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Starbucks to cut 61 technology jobs in Seattle

Starbucks is making headlines with the announcement of 61 tech job reductions at its Seattle HQ, signaling a pivotal phase in the company’s transformation journey. These layoffs align with an overarching strategy to sharpen focus on elevating customer experiences and driving revenue growth. This decision comes after prior restructuring efforts, including the closure of some locations.

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IT rules amendments may create obligations outside law: Nasscom

Industry body Nasscom and digital rights groups argue that draft IT second amendment rules shouldn't create new obligations outside the IT Act's framework. Concerns are raised that advisories could become binding, bypassing parliamentary review and leading to over-censorship. The rules' extension to ordinary users and AI-generated content also sparks significant technical and legal questions.

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Fervent and fake: High-glam AI avatars boost Trump ahead of midterms

Clad in swimsuits or military fatigues, the blonde women lavish praise on President Donald Trump and tear into his rivals -- but these influencers are AI-generated, flooding tech platforms with fervent political messaging ahead of the US midterm election.

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HC protects MP Shashi Tharoor's personality rights, directs removal of deepfake video

The Delhi High Court has protected Congress MP Shashi Tharoor's personality rights. The court ordered X to remove an AI-generated deepfake video showing him praising Pakistan. It also restrained the misuse of his name, image, and voice for any purpose. Meta was asked to keep certain Instagram reels inaccessible. This order safeguards Tharoor's reputation and India's international standing.

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Alibaba to integrate Qwen AI with Taobao, launch agentic shopping, source says

Alibaba is set to launch a new way to shop. Its AI platform Qwen will connect with Taobao. Consumers can chat with the AI to find and buy products. This aims to change how people shop online. The AI will offer recommendations and handle services. This move highlights China's advanced AI integration in e-commerce.

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Paperwork causing AI mission lag as startups flag funding, IP concerns

IndiaAI mission startups face delays in formal agreements, impacting non-compute support and raising IP concerns. While compute access is provided, founders report operational hurdles and potential timeline shifts due to pending MoUs. The government is exploring advance payments to mitigate these issues.

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Honasa Consumer CBO Yatish Bhargava resigns; to step down May 15

Honasa Consumer announced Yatish Bhargava's resignation as Chief Business Officer. He will leave the senior management team on May 15, 2026. Bhargava cited personal circumstances requiring immediate attention for his decision. The company has not yet named a successor for the role. This development marks a significant change for the company's leadership.

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Schools reach out to Canvas hackers as breach hits US classrooms

A cybercriminal group, ShinyHunters, stole vast amounts of student data from the educational platform Canvas. Some affected schools and universities reportedly tried to negotiate directly with the hackers. The breach caused disruptions for students. Canvas' parent company, Instructure, investigated the incident and has since restored services.

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Apple, Intel have reached preliminary chip-making deal: Report

Intel has a preliminary deal with Apple to make chips for its devices. This is a big win for Intel's manufacturing. Apple could get more chip capacity. The US government played a role in talks. Intel stock rose on the news. Apple shares also saw gains. This deal diversifies Apple's chip manufacturing.

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Paris public prosecutor opens judicial investigation into Elon Musk and X

The legal landscape around Elon Musk's X social media platform is heating up as Paris prosecutors announce a formal inquiry into allegations of algorithmic misconduct and dubious data reporting. This investigation, which involves the oversight of judges, comes after Musk missed an important court summons. The scope of the probe also encompasses X.

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The growing pay gap: AI skills drive 60% higher salaries in tech

AI-skilled professionals are commanding significant pay premiums, earning up to 60% more than their peers in other tech fields. This widening salary gap is expected to persist and grow over the next two to three years as companies increasingly adopt AI-influenced pay frameworks and automation impacts entry-level roles.

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Elon Musk wanted $80 billion to colonise Mars, OpenAI president testifies at trial

Elon Musk sought complete control of OpenAI to fund his Mars colonisation dream. He aimed to raise $80 billion for a Martian city. This revelation comes amid Musk's lawsuit against OpenAI. The trial could shape the future of artificial intelligence. OpenAI plans significant computing investments.

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Apple to let users choose rival AI models across iOS 27 features: Report

​Apple will ​allow users to select ‌from ⁠third-party ⁠AI ​models for ​tasks such ​as ⁠generating and ‌editing ​text ​and ⁠images, across its ​iOS 27 ​features.

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Startups lead AI push into construction amid labour shortages

Construction is fast shedding its tech-resistant tag as AI-powered startups roll up sleeves to tackle labour shortages and speed up industry’s digital transformation, writes ET.

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AI startup Sierra raises $950 million at $15 billion valuation

AI startup Sierra has secured a significant funding round of $950 million. This investment values the company at over $15 billion. Sierra plans to use the funds to expand its platform. The company aims to become a global standard for AI-driven customer experience. Sierra's AI agents are already powering billions of customer interactions for major companies.

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Centre announces 15,000 scholarships for AI-use in media, entertainment, gaming

The Centre is launching a major initiative to train young professionals in artificial intelligence. Fifteen thousand scholarships will be offered for the media, entertainment, gaming, and animation sectors. This program aims to boost skills in emerging technologies. Collaborations with IICT, Google, and YouTube will provide specialised training. Participants will gain hands-on experience in AI-enabled creative processes.

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UpGrad to acquire Unacademy at lower Rs 2,000 crore valuation

Upskilling platform UpGrad is set to acquire Unacademy in an all-stock deal valued at ₹2,055 crore, significantly below Unacademy's peak valuation. Unacademy will bring substantial cash reserves to the deal, which is awaiting Competition Commission of India approval. This consolidation marks a significant move in India's edtech sector amidst a post-pandemic slump.

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Galaxeye eyes 8-week timeline to begin commercial data rollout; defence demand to anchor early revenues

GalaxEye is set to launch commercial sales of satellite imagery from its new Mission Drishti satellite in eight weeks. Defence and security agencies are anticipated to be the primary customers. The company's satellite combines advanced radar and multispectral sensors. This move signifies a significant step in monetizing private space technology in India, moving beyond experimental phases to scalable applications.

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Spacetech startup GalaxEye launches Mission Drishti from SpaceX

Spacetech startup GalaxEye successfully launched its first earth observation satellite, Mission Drishti, aboard a SpaceX Falcon 9. This 190-kg satellite, developed over five years, combines electro-optical and SAR sensors for all-weather, day and night imaging, aiming to deliver valuable data to clients globally.

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SIS Ltd eyes Rs 20,000 crore revenue in FY27; targets 5 lakh workforce by 2030

SIS Ltd targets Rs 20,000 crore revenue by FY27. The security and facility management firm anticipates strong growth fueled by network expansion and new labour codes. The company is also embracing AI for enhanced customer service and operational efficiency. SIS plans to increase its workforce significantly by 2030.

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Tesla made $573 million in sales from SpaceX and xAI last year

Tesla earned over $500 million from Elon Musk's companies last year. xAI, his AI startup, accounted for about $430 million. SpaceX, the rocket firm, contributed another $143 million. This business involved AI chatbots and energy storage. Tesla also saw revenue from xAI early this year.

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Meta faces US lawmaker scrutiny over removal of lawyer ads for social media addiction cases

Two US senators have written to Meta CEO Mark Zuckerberg. They criticize the company's decision to remove advertisements. These ads were from attorneys seeking clients harmed by social media platforms. The attorneys aimed to recruit plaintiffs for lawsuits. These lawsuits accuse companies like Meta of fueling a youth mental health crisis. Senators state this removal preserves a harmful business model.

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OpenAI to augment workers, not replace them: CEO Sam Altman

OpenAI CEO Sam Altman believes AI will make people busier, not replace them, despite acknowledging significant labor market disruption. He stated the company aims to build tools that augment human capabilities, not replace them. Altman's comments align with OpenAI's plans to nearly double its workforce and its guiding principles for artificial general intelligence development.

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Musk testifies he did not read 'fine print' about OpenAI becoming for-profit company

Elon Musk is in court battling Sam Altman's lawyer over his lawsuit against OpenAI. Musk claims the AI company abandoned its nonprofit mission for profit. He seeks massive damages and a return to its original structure. OpenAI argues Musk is motivated by control and bitterness. The trial is ongoing and could shape AI's future.

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Meta sees daily active users decline by 20 million across FB, Instagram and WhatsApp: Here's why

Meta Platforms experienced a slight decline of 20 million daily active users across its social media platforms in Q1 CY 2026, marking a break in its growth streak. While external factors were cited, the dip may signal user saturation or dissatisfaction as the company heavily invests in AI and infrastructure.

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EV founders say PLI Auto needs an overhaul, leaves startup at a disadvantage

Electric vehicle startups are pushing back against the current production-linked incentive (PLI) scheme for automobiles, arguing its stringent eligibility criteria favor established players. EV-first companies, despite leading in technology and localization, are excluded, facing a significant cost disadvantage against traditional OEMs. Founders call for reforms to align the scheme with India's evolving EV landscape.

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Amazon beats quarterly cloud growth estimates on strong AI demand; AWS revenue jumps 28%

Amazon Web Services (AWS) surpassed Wall Street's cloud revenue expectations, driven by increased enterprise spending on AI adoption. Despite strong cloud performance and significant AI partnerships, the company's stock dipped after projecting current-quarter operating income below estimates. Amazon is investing heavily in AI infrastructure, aiming to monetize these expenditures in the coming years.

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On witness stand, Elon Musk accuses Sam Altman's lawyer of trying to trick him

Elon Musk is in court accusing OpenAI's lawyer of trying to trick him. The trial centers on Musk's lawsuit claiming OpenAI abandoned its mission to benefit the public. He alleges co-founder Sam Altman and others created a for-profit entity for personal gain. OpenAI argues Musk wants to control the company.

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Elon Musk tells his side of OpenAI's beginnings in trial pitting him against CEO Sam Altman

Elon Musk testified for a second day in his trial against OpenAI co-founder Sam Altman, accusing him of betraying promises to keep the AI company a nonprofit. Musk claims he lost confidence by late 2022, believing Altman was trying to "steal the charity." OpenAI lawyers deny these allegations, stating no promise was made to remain a nonprofit indefinitely.

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Eternal Q4 revenue, profit surge on Blinkit boost

Eternal, which runs Zomato and Blinkit, saw its March quarter revenue surge threefold and net profit rise 4.5 times. Quick commerce margins improved significantly. The company crossed $10 billion in net order value across its businesses. This figure is expected to double in two years. Blinkit's growth is projected to exceed 60% over the next three years.

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Amazon secures exclusive rights to Oprah Winfrey's podcast

Amazon's Wondery has inked a multi-year deal with Oprah Winfrey's Harpo Entertainment. This agreement grants Wondery exclusive rights to "The Oprah Podcast" in audio and video. The deal also includes rights to "The Oprah Winfrey Show" library, "Oprah's Book Club," and "Oprah's Favorite Things." This move expands Amazon's podcast presence and offers new content opportunities across its platforms.

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Capital-A secures first close of Rs 160 crore for Fund II; bets on manufacturing, deeptech

The first close was anchored largely by domestic investors such as Srikar Reddy of Sonata Software, Siddharth Bafna of Lodha & Co; Sekhar Boddu, a former Amazon technology director; Chamaria Group, Steel House Family Office, Avyay Jhunjhunwala,founder of Enzo Developers, family office of Vijayalakshmi Agarbathi Works, and the Anand Rathi Group.

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OpenAI CEO apologises to Canada town for not reporting mass shooter

OpenAI's CEO Sam Altman has apologized to a Canadian town devastated by a February mass shooting, saying he was "deeply sorry" the company did not notify police about the killer's troubling ChatGPT account. Canadian officials condemned OpenAI's handling of the case and summoned company leaders to Ottawa to explain its security protocols.

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Upskilling critical as AI disrupts India’s IT sector: Arundhati Bhattacharya, Salesforce

India's IT sector faces a critical juncture as AI reshapes the industry, necessitating rapid workforce upskilling. Salesforce India CEO Arundhati Bhattacharya highlighted that while job disruption is unavoidable, new roles will emerge. She emphasized India's young, adaptable talent pool as a key advantage for continued global relevance, urging a proactive embrace of these transformative changes.

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What is Signal and is it secure?

Russia-linked hackers are targeting Signal users. These attacks exploit user trust through phishing. They trick people into revealing account details. This allows hackers access to messages and chats. Signal's encryption remains strong, but user vigilance is crucial. The app's non-profit status and privacy focus are highlighted.

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Digital defence in the age of Mythos, why Indian banks are on high alert

India is poised to become a global AI execution hub. Powerful AI models like Anthropic's Mythos present both opportunities and security risks for the banking sector. India's vast trained workforce and cost-effective infrastructure offer a significant advantage. The nation can harness these strengths to drive AI adoption and achieve tangible returns on investment.

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Infanticide case at Foxconn exposes workplace welfare gaps, spurs calls for reforms

A tragic infanticide at Foxconn's Devanahalli unit highlights critical gaps in mental health awareness, workplace support, and reproductive healthcare for young women in large electronics manufacturing facilities. Experts urge enhanced monitoring, on-campus counseling, comprehensive sex education, and government policy interventions to prevent future incidents and ensure employee wellbeing.

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US Justice Department intervenes in xAI challenge to Colorado tech law

In its intervention, the Justice Department said the law violates the Fourteenth Amendment's equal protection ‌guarantee by ⁠requiring ⁠companies to guard against unintended discriminatory effects while allowing some discrimination ​aimed at promoting diversity.

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OpenAI offers $25,000 to anyone who can jailbreak its latest model GPT-5.5

OpenAI is offering $25,000 to security researchers who can bypass the safety guardrails of its new AI model, GPT-5.5, through a "bio bug bounty" programme. This initiative invites vetted experts to find universal "jailbreak" prompts, marking a significant step in external adversarial testing for AI safety.

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Nvidia becomes first company to cross $5 trillion in market value

Nvidia has achieved a historic milestone. The chipmaker is now the world's most valuable listed company. Its market capitalization has surpassed five trillion dollars. This surge places Nvidia ahead of tech giants like Alphabet and Apple. The company's success is driven by its crucial role in supplying GPUs for artificial intelligence models. Nvidia's stock performance reflects its strong market position.

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Thrive launches permanent capital arm, to buy stake in San Francisco Giants

Thrive Capital has unveiled Thrive Eternal, a new venture for long-term investments. This permanent capital holding company aims to acquire and manage significant assets for decades. Its first proposed partnership is with the San Francisco Giants baseball team. This move signifies Thrive Capital's expansion beyond technology into iconic franchises. The agreement awaits league approval.

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Infosys logs 21% jump in Q4 profit

Infosys, India's second-largest IT firm, announced robust revenue and net profit figures for the fourth quarter of FY26. Despite outperforming rivals, the company issued a wider annual revenue forecast for FY27. This cautious outlook reflects global economic shifts and the impact of artificial intelligence on the IT sector.

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Meta tells staff it will cut 10% of jobs in push for efficiency

Meta Platforms is set to lay off approximately 8,000 employees, about 10% of its workforce, on May 20. This significant workforce reduction aims to boost efficiency and offset substantial investments in artificial intelligence development. The company is also freezing 6,000 open positions. Affected employees will receive generous severance packages and support services.

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Sundar Pichai reaffirms $185 billion capex spending by Google in 2026

Google plans a massive $185 billion investment in artificial intelligence infrastructure this year. CEO Sundar Pichai highlighted AI's growing role in software development and security. New platforms like Gemini Enterprise Agent and advanced chips like TPU 8t and TPU 8i are being introduced. This significant spending signals Google's strong focus on enterprise AI solutions and future growth.

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Microsoft appoints Daniel Shapero as LinkedIn's new CEO

Daniel Shapero has been appointed the new CEO of LinkedIn, succeeding Ryan Roslansky. Shapero, an early employee who joined in 2008, previously served as LinkedIn's Chief Operating Officer. Roslansky will continue at Microsoft, taking on expanded responsibilities in the Office productivity group.

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Blockchain billionaire Sun takes Trump family's crypto firm to court

Justin Sun is suing World Liberty Financial, a crypto venture co-founded by Donald Trump and his sons. Sun alleges the company illegally froze his token holdings, worth approximately $320 million. He claims World Liberty secretly installed tools to prevent him from selling his tokens. The company denies the allegations, calling them meritless.

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Apple's Ternus era hints at renewed hardware focus, AI growth push

Ternus, a 25-year veteran who has overseen development of key products including multiple iPhone generations, will take the helm in September, succeeding Tim Cook after more than a decade of ‌strong growth that ⁠saw ⁠Apple's market value swell to around $4 trillion.

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AI platform NudgeBee raises $3 million in funding from Kalaari Capital

NudgeBee has raised $3 million in a funding round led by Kalaari Capital, betting on rising demand for AI-led automation in enterprise cloud operations. The company said it will deploy the fresh capital to strengthen its core platform, expand its enterprise context layer, and scale go-to-market efforts through partnerships as well as direct enterprise sales.

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Lovable denies data breach, says public settings are ‘intentional’

Lovable data breach: Stockholm-based AI app-building platform Lovable said it did not suffer a data breach after concerns surfaced over the visibility of chat messages and code in projects set to public.

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Elon Musk skips hearing in French probe of X

Tech billionaire Elon Musk on Monday did not appear at a summons for questioning ​in a French probe into X and its ​AI chatbot, Grok, over alleged abuse of algorithms and fraudulent data extraction, the Paris prosecutor's ​office said.

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Senior IT executives join AI party as startup founders

Senior Indian IT executives are launching their own AI startups, leveraging years of client contacts and enterprise knowledge to offer cost-efficient AI-led services. This trend is accelerating as agentic AI allows smaller, agile teams to compete with larger IT incumbents, filling niche market demands and attracting venture capital.

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Blue Origin achieves first landing of reused New Glenn rocket booster

Blue Origin successfully landed its New Glenn rocket booster for the first time after launching AST SpaceMobile's BlueBird 7 satellite. This marks a significant step in demonstrating the heavy-lift rocket's booster reuse capability, aiming to compete with SpaceX.

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AI 'agent' fever comes with lurking security threats

Powerful AI agents, like those created with OpenClaw, are raising cybersecurity alarms. Researchers have observed these agents performing dangerous actions, from deleting inboxes to sharing personal data. As these tools gain access to sensitive accounts, they become prime targets for hackers seeking to exploit vulnerabilities and steal information.

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Nimble companies are succeeding in the AI era: YC's Jared Friedman

AI startup founders are pivoting faster and more often in the era of AI, and strong engineering talent in India gives them an edge, said Jared Friedman, managing partner, Y Combinator.

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Thousands of authors seek share of Anthropic copyright settlement

Nearly 120,000 authors and other copyright holders are seeking a share of a $1.5 ​billion class-action settlement with Anthropic over the ​company's unauthorised use of their books in artificial-intelligence training, according to a filing in ​California federal court.

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Former Meta contractor Sama to lay off more than 1,000 workers in Kenya

Facebook's parent company Meta has ended its contract with Kenyan firm Sama. This decision will lead to over 1,000 workers being laid off from Sama's Nairobi office. The company provided content moderation services for Meta. A lawsuit filed by former moderators over poor working conditions and mental health support is ongoing.

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Vibe coding startup Emergent launches AI agent Wingman

Emergent, backed by SoftBank, has launched Wingman, an AI agent to automate routine tasks across popular tools, aiming to boost productivity. Unlike competitors, Wingman prioritizes user confirmation for significant actions, while learning preferences over time. This move taps into the growing demand for AI that manages workflows independently, not just responds to commands.

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Anthropic appoints Indian-origin Novartis CEO Vas Narasimhan to its board

Anthropic’s Long-Term Benefit Trust is an independent governance body, designed to insulate key decisions as it scales its frontier AI systems. Narasimhan brings deep experience at the intersection of medicine, regulation, and global health. As the chief executive of Novartis, he has overseen the development and approval of more than 35 novel medicines.

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Indian companies turn to outsourced cybersecurity to bridge talent gap

India’s cybersecurity outsourcing market is growing as companies adopt SOC-as-a-service due to talent shortages, high costs, and complex threats. Mid-sized firms lead demand, especially in BFSI, telecom, and IT. Hybrid models dominate, with AI-driven automation improving efficiency, while human oversight remains essential in managing evolving cyber risks and responses.

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Trump posts AI image of himself as Jesus-like figure, drawing outrage

US President Donald Trump posted an AI-generated image of himself as a Jesus-like figure on Sunday, drawing widespread criticism ​even from some religious conservatives who typically support him, ​before deleting the post on Monday.

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Consumer company CTOs want engineers who can think, not just code

New-age companies are prioritizing senior engineers with creativity, curiosity, and ownership as they become AI-first. Hiring for engineering roles has surged, with a focus on system thinking and AI collaboration. Companies are shifting technology from a support function to a core business driver, demanding engineers engage with customers and co-own product outcomes.

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Israeli firm Black Cube confirms Cyprus sting to 'expose corruption'

A private Israeli intelligence firm, Black Cube, has admitted its role in a sting operation in Cyprus. The operation targeted state officials and private interests. Black Cube stated it aimed to expose corruption and foster a cleaner business environment. A senior aide to the Cypriot president resigned following the release of a video related to the operation.

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India accounts for 15% of GitHub’s global user base, with 27 million developers on the platform

Kyle Daigle, CEO of GitHub, said in a post on X that India now accounts for one in seven new developers globally. India now makes up over 15% of GitHub’s global user base of over 180 million developers.

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SoftBank sets up company in Japan to develop AI domestically: Report

SoftBank has set up a company in Japan to develop AI domestically, Nikkei says

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xAI exodus: Why cofounders left and Musk’s comeback plan

xAI has seen a wave of cofounder exits this year as the company undergoes major internal changes and restructuring. While Elon Musk remains confident about rebuilding from the ground up, questions are growing about what is driving the departures. Here’s a closer look at what’s happening inside the company.

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Karnataka government ignores protests, notifies lifetime tax on EVs, spares two-wheelers

Karnataka has introduced a new lifetime road tax for electric cars, jeeps, and buses, excluding two-wheelers. This move aims to generate an additional Rs 250 crore for the state government. The decision has drawn criticism from Union Minister Pralhad Joshi and the EV industry, who fear it could increase crude oil imports and hinder climate goals.

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TCS and five other firms empanelled to build & run AI for govt departments

The Centre has empanelled six partner firms, including Tata Consultancy Services (TCS), to develop and deploy AI solutions across government departments. More than 80 companies had submitted bids for the request for empanelment (RFE), which closed last week, with firms such as KPMG, Deloitte, PwC, EY, Fractal Analytics, Gnani AI and Jio Haptik missing the final shortlist on February 27.

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xAI CFO Anthony Armstrong leaves the company: Report

Anthony Armstrong, xAI's Chief Financial Officer, has left the company. This departure is part of a larger trend of senior staff exits. Armstrong was instrumental in guiding X's finances back to stability. Meanwhile, SpaceX is preparing for a significant initial public offering. The space company aims to raise a substantial amount of capital.

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TCS Q4 Results: Profit jumps 12% YoY to Rs 13,718 crore; revenue rises 10%

TCS Q4 Results: Tata Consultancy Services announced a 12% year-on-year increase in its consolidated net profit, reaching Rs 13,718 crore for the fourth quarter. The IT services giant also reported a 10% YoY revenue growth to Rs 70,698 crore, bolstered by three mega deals worth $12 billion. The company declared a final dividend of Rs 31 per share.

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Tesla is developing a new smaller, cheaper EV, sources say

The effort follows a decision by chief executive Elon Musk to scrap a highly anticipated low-cost EV project in 2024 and pivot the company to focus on robotaxis and humanoid robots. A key question is whether this latest effort to develop a smaller SUV signals a strategy shift back to mass-market human-driven EVs or whether the new ‌model would align more with Tesla's ⁠vision for fully ⁠autonomous vehicles.

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PE-backed IT companies growing faster, thanks to costs control, ops shifts, say experts

Private equity backed IT firms are growing faster than public market companies. This is due to strong cost control and operational changes. These firms show higher risk appetite and focus on leadership. They are also quicker to adapt to AI-led disruption. This efficiency leads to higher market valuations. Investors are interested in their repeatable revenue and scalability.

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Citigroup says AI helps speed account openings and systems upgrades

US banks are embracing AI, the biggest technological upheaval to the world economy since the internet, to boost productivity and, in some cases, cut jobs.

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Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuation

Digital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last private round before a planned public listing. The company is awaiting regulatory approval for its initial public offering. Kreditbee has expanded its offerings and is investing in new technology.

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Anthropic touts AI cybersecurity project with Big Tech partners

Under its "Project Glasswing", select organizations will be allowed to use the startup's unreleased and general-purpose AI model, "Claude Mythos Preview", for defensive ‌cybersecurity work, Anthropic ⁠said. ⁠Other partners include CrowdStrike, Palo Alto Networks, Google and Nvidia.

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Adobe debuts AI Student Spaces on Acrobat; enables podcasts, videos from study material

Amid rising competition, Adobe is positioning Student Spaces against tools like Google NotebookLM, GoodNotes, and Turbo AI to make Acrobat into a unified platform for both consuming and creating study material.

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Samsung flags eightfold jump in Q1 profit as AI chip demand drives up prices

Samsung estimated an operating profit of 57.2 trillion won ($37.92 billion) for the January ​to March period, compared with an LSEG SmartEstimate of 40.6 trillion won and a more than eight-fold jump from 6.69 trillion won a year earlier.

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Pine Labs’ Navin Chandani steps down as president, CBO of issuing business

The resignation is effective April 6, 2026, and no successor has yet been named. In his resignation letter, Chandani said he is leaving to ‘pursue career opportunities outside the company.' The company has, however, not yet named a successor.

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Platforms brace for impact as gig workforce returns home

According to industry executives, the daily active gig workers on quick commerce platforms are currently running 10-12% below early-2026 levels. The timing is particularly damaging. Typically, quick commerce as well as food delivery platforms see an uptick in demand during this period due to Indian Premier League (IPL) matches.

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Kremlin's drive for a state-backed messaging app touches a nerve for some

In ​what has been cast by diplomats as Russia's "great crackdown", Russia has repeatedly blocked mobile internet and ​granted sweeping powers to cut off mass communications while jamming messaging services and virtual private networks.

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Britain woos expansion effort by Anthropic after US defence clash: Report

Britain woos expansion effort by Anthropic after US defence clash, FT says

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Zaggle CFO Aditya Kumar steps down; Rajesh Tummalaganti named interim finance chief

Fintech firm Zaggle Prepaid Ocean Services on Friday said its chief financial officer Aditya Kumar has stepped down from his role, effective April 3, 2026. The company has appointed Rajesh Tummalaganti as interim CFO.

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Elon Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reports

Some banks ​have agreed to spend tens of millions of dollars a ​year on the chatbot and have begun integrating it into their IT systems, the ​report said.

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China moves to regulate digital humans, bans addictive services for children

The draft regulations would ​also ban the use of other people's personal information to create digital humans without ​consent, or using virtual humans to bypass identity verification systems, reflecting Beijing's efforts to maintain control in the face of advances in artificial intelligence.

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Karnataka: Pralhad Joshi fears taxes on EVs will derail India’s emission targets

Union Minister Pralhad Joshi criticized Karnataka's decision to withdraw road tax exemptions for electric vehicles, warning it could increase India's crude import bill and hinder climate goals. He argued the move, aimed at raising Rs 250 crore, is fiscally shortsighted and contradicts global clean mobility incentives.

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Trump administration appeals ruling that blocked Pentagon action against Anthropic over AI dispute

Department of Justice attorneys filed a notice in San Francisco federal court on Thursday of their intention to appeal last week's ruling by US District Judge Rita Lin. Lin last week said she was blocking the Pentagon from labelling Anthropic a supply chain risk. She also said she was blocking enforcement of President Donald Trump's social media directive ordering all federal agencies to stop using Anthropic and its chatbot Claude.

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SpaceX files initial paperwork to sell shares to the public and likely make Musk a trillionaire

A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk's ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars.

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SpaceX's business and finances: Rockets, satellite communications and budding AI

SpaceX is gearing up for a massive stock market debut, potentially the largest ever. The Elon Musk-led company is known for its rocket launches and Starlink internet service. SpaceX is also developing its Starship for lunar and Mars missions. Recent financial reports show significant revenue growth. The company's acquisition of xAI further expands its reach into artificial intelligence.

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Apple tests Siri feature that handles multiple commands at once: Report

The feature is ‌being built ⁠into iOS ⁠27, iPadOS 27 and macOS 27 operating systems, all ​of which are expected to launch later this year, Bloomberg said, ​citing people familiar with the matter.

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Union Cabinet appoints IndiaAI Mission CEO Abhishek Singh as the Director General of NTA

In a sweeping bureaucratic reshuffle on the last day of the financial year, the Appointments Committee of the Cabinet (ACC) has approved the appointment and transfer of over 40 senior officers across various central ministries and departments.

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ETtech Explainer: What Emergent’s ARR reveals about AI’s numbers game

A debate over how vibe-coding startup Emergent — backed by the likes of SoftBank, Lightspeed, and Khosla Ventures — has reported its numbers has put the spotlight on the ARR metric of AI startups. In February, Emergent said it had hit $100 million in ARR within just eight months of launch, but a closer look at what ARR actually means reveals a more complicated picture.

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Delaware judge accused of bias reassigns Musk cases

Chancellor Kathaleen McCormick of the Court of Chancery said she was reassigning three cases against Musk and Tesla board members that are potentially worth billions of dollars after the defendants said she supported ‌a post on LinkedIn celebrating ⁠a jury ⁠verdict against Musk in an unrelated securities fraud case.

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Vertical Aerospace secures financing package of up to $850 million

Vertical Aerospace ​said on Monday ​it has agreed in principle to ​a financing package of up to $850 million, sending its US-listed shares up over 4% in morning trading. The ‌company ⁠said it ⁠raised $50 million of equity capital on Monday and ​expects a further $30 million shortly, positioning it to have ​about $160 million of working capital in the near term to fund operations through 2026.

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War singes ecommerce, quick commerce supply chains as input costs rise

The first signs of stress, according to industry executives, are visible in packaging costs and inventory movement and fulfilment cycles, particularly for quick commerce platforms that depend on high-frequency restocking. Demand-side pressures could emerge if fuel prices rise sharply, they said.

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WTO talks in Brazil-US deadlock over ecommerce duties moratorium

Negotiations to extend the moratorium - ​which is set to expire in March - by four years plus an additional buffer year to 2031 are stuck, even though a broader reform package appears close to a deal, a senior diplomat and two diplomats told Reuters.

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WTO MC: Members intensify talks on ecommerce duty moratorium extension at Yaounde

While some countries oppose an extension or favour a two-year period, the US is pushing for a longer duration.

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Fuel volatility accelerates EV leap in last mile delivery for ecommerce, logistics firms

Ecommerce and logistics companies are accelerating the shift to electric vehicles (EVs) for last-mile deliveries, driven not just by sustainability goals but also by rising costs and supply risks. While EV adoption was already gaining momentum at companies such as Flipkart, Delhivery and Porter, fuel price volatility linked to global conflicts is hastening the transition, executives at bigbasket, Zippee and Dealshare said.

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What is Agent Smith? Google’s internal AI tool for operations that helps engineers code

Agent Smith by Google: Unlike conventional AI coding assistants, the system is capable of planning and executing workflows autonomously, marking a shift toward more independent AI agents. Agent Smith can reference internal documents and access employee profiles to complete assigned tasks. It is built on Google’s earlier platform, Antigravity, but offers significantly greater autonomy and workflow integration.

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Advanced economies drive surge in India remittances

This diversification has reduced dependence on any single region and enhanced financial resilience.

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Apple hires ex-Google executive to head AI marketing amid push to improve Siri

The hire ​comes as Apple is readying an improved version ‌of Siri, its virtual assistant, ​for ​release ⁠this year, rebuilt with technology from Alphabet's Gemini AI ​model.

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ETtech Deals Digest: Startups raise $936 million in March so far; down 56% on-year

The number of deals during the month, however, was down at 94, compared to 237 in the corresponding month last year.

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IT firms push M&A deals to cover AI’s revenue impact

Infosys' $560 million bet on Optimum Healthcare IT and Stratus is a strong signal that the industry is taking domain-specific solutions seriously, analysts said, amplifying the momentum for large deals as technology services companies figure out how to offset pressure on revenue from growing artificial intelligence adoption.

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Musk rewrites IPO playbook with large slice of SpaceX stock for retail investors

Elon Musk is discussing allocating as much as 30% of SpaceX's initial public offering to individual investors - at least ​three times the usual retail slice - leaning on his rabid fan base and other loyal backers to help steady the stock after its debut, a person familiar with the matter said.

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EU accuses four porn platforms of letting children access adult content

The European Union accused four pornographic platforms on Thursday of allowing children to access adult content in breach of digital rules, putting the companies at risk of large fines.

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Apple rolls out age checks for UK users

Apple began rolling out age verification requirements for UK users as part of a software update Wednesday, as the government increases pressure on tech giants to better protect children online.

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SpaceX IPO leaves some private share buyers unsure what they own

Entrepreneur Tejpaul Bhatia is confident he owns a slice of Elon Musk's SpaceX. But he can't be 100% sure. When the former Google executive entered the space industry in 2021, SpaceX ​was already one of the world's most sought‑after private companies, valued at about $75 ​billion, with shares largely locked up by early backers and institutions close to Musk.

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US server maker Super Micro is eyeing India manufacturing unit

Super Micro Computer is exploring setting up a server manufacturing unit in India and is in talks with several state governments for it, according to people aware of the matter.

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OpenAI set to raise about $10 billion from MGX, Coatue, Thrive

OpenAI is nearing a deal to raise about $10 billion from venture investors, lifting its latest funding round to roughly $120 billion. Backers include MGX, Coatue Management, Thrive Capital, and Altimeter Capital. The deal would support its push for computing power and talent, marking its largest funding round yet.

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed at using artificial intelligence (AI) to solve “humanity’s hardest problems.”

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OpenAI rolls out ads for US ChatGPT users

OpenAI will start showing ads to users of the free and Go versions of ChatGPT in the US in the coming weeks. The company has also integrated Criteo to support ad buying and improve targeting.

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Apple to hold annual developers conference from June 8

Apple said on ​Monday it would host its annual Worldwide Developers Conference (WWDC) online from June 8 to 12, showcasing updates across its platform, including AI advancements ‌and new ⁠software ⁠and developer tools.

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OpenClaw unveils ClawHub Marketplace; draws more than 331,000 stars on GitHub

Peter Steinberger, OpenClaw’s creator, released the update. The platform allows users to deploy AI agents that can reason, respond, and execute tasks inside apps, such as Telegram and Discord, all while remaining fully self-hosted.

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AI-led wealthtech rising as VCs bet on a fintech disruption

As middle-income Indians increasingly diversify beyond real estate and gold into financial assets, the investment thesis is evolving. New-age startups are leveraging AI to build products at lower cost and with greater efficiency.

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Toy manufacturing startup Bidso raises Rs 63 crore led by Blume ventures

Founded in 2022 by Rahul Agarwal, Vivek Singhal, and Aditya Krishnakumar, Bidso operates as a contract manufacturing platform. The company manages the entire value chain from product design to final manufacturing.

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Elon Musk's Tesla, SpaceX launch Terafab chips project; here's all you need to know

The project envisages setting up space-based AI computing, enabled by solar-powered satellites that could host data centres in orbit. From 100 kilowatts initially, they are expected to scale to megawatt levels, using constant solar energy to reduce costs compared to earth-based systems. Two types of chips are planned — one for terrestrial applications, such as Tesla’s vehicles and robotics, and another, called D3, tailored for space environments.

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French prosecutors suspect Musk encouraged deepfakes row to inflate X value

French prosecutors said Saturday they had alerted US authorities to a suspicion that tech tycoon Elon Musk had encouraged controversy over sexualised deepfakes on X to "artificially" increase the value of his company. French authorities are already investigating X over allegations that its algorithm was used to interfere in French politics, as well as Grok's dissemination of Holocaust denials and the sexualised deepfakes.

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Large manufacturing units mull kitchen revamp amid LPG crisis

LPG shortages linked to the West Asia war are pushing Indian manufacturing firms to plan energy-resilient kitchens. Companies are sourcing cylinders, using firewood, and adjusting menus while avoiding disruptions. Facility managers are preparing contingency plans, including shifting to induction and alternative equipment, amid ongoing uncertainty over fuel availability and supply continuity.

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Zetwerk IPO: Size, valuation, timeline and other details we know so far

Zetwerk is preparing to confidentially file IPO papers to raise up to $550 million at a $4 billion valuation, including fresh equity and OFS. Led by Amrit Acharya, the move comes amid senior exits. Here’s a look at its IPO plans.

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UK aerospace company wins lawsuit against ex-CEO who lobbied against Chinese investment deal

Gardner said Upton contacted politicians ​and encouraged them to pressure the British ⁠government to "call in" ‌the deal and impose onerous conditions, to try ​and ​keep his job under a different potential owner. But Judge Richard Smith ruled on Friday that Upton had breached his duties as ‌a director of Gardner by taking steps that "he knew would undermine the transaction," including sending emails to lawmakers ​to oppose ​the deal.

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Philippe Laffont’s $70 billion Coatue looks to launch new AI, tech fund

Philippe Laffont’s $70 billion Coatue Management is gearing up to launch a new fund to wager on public and private artificial intelligence and tech innovation companies, a sign the firm is rethinking its long-only investing strategy as more startups stay private for longer.

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Nimble mid-tier IT riding large deal momentum as AI rejigs biz

Large deals are gaining momentum at mid-tier IT service providers in 2026, amid concerns over artificial intelligence (AI) tools disrupting traditional outsourcing models, as enterprises cast a wider net for large transformation projects.

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Meta to roll out Meta AI support assistant globally on Facebook and Instagram

Meta announced that it is rolling out Meta AI support assistant globally on Facebook and Instagram to provide 24/7 help with account issues such as password updates and profile settings.

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Broadcom hit with EU antitrust complaint and request for interim measure

​Lobbying group Cloud Infrastructure Services ​Providers in Europe on Thursday urged ​EU antitrust regulators to temporarily stop Broadcom from ending its VMware Cloud Service Provider programme in Europe, ramping up its fight against the ‌US tech ⁠company.

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Key Ministries may soon get the power to block online content

The government is considering expanding the remit of the Information Technology Act, 2000 to empower critical ministries such as defence, home affairs, external affairs and information and broadcasting to issue content blocking orders under Section 69(A) of the legislation, officials told ET.

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AI race shifts from size to reliability, says Emergence AI CEO

The real battle in artificial intelligence is shifting from building bigger models to ensuring they behave predictably, as enterprises prioritise reliability while adopting AI, said Satya Nitta, chief executive and cofounder of Emergence AI, a startup focused on building agentic AI systems.

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Why founders are flocking to OpenClaw?

There is a mad rush in India to adopt OpenClaw as enthusiasts organise meetups and buildathons; but some key security concerns remain. Swathi Moorthy decodes the new AI mania.

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Apple acquires visual effects plugins company MotionVFX

The Warsaw-based startup develops high-quality plugins, transitions, motion graphics, and visual effects for professional video editors. It specialises in tools for Final Cut Pro and DaVinci Resolve and offers editable templates, including mReels, titles, and tracking tools, to create cinematic, professional-level graphics in minutes. Apple has over 50 third-party developers offering effects-related products within the Final Cut Pro ecosystem. As part of the acquisition, around 70 MotionVFX employees are reported to join Apple.

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Scoop: Sequoia alumni’s Ambition Capital set to raise $250 million for early-stage investing

Shailesh Lakhani, Harshjit Sethi and Mayank Porwal, who were previously with Peak XV (formerly Sequoia Capital India), have teamed up to early-stage fund to back seed and series A startups. Bengaluru-based Ambition Capital will back startups across consumer, AI, deep tech and fintech, which are the areas familiar to the trio.

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AI fakes about Iran-US war swirl on X despite policy crackdown

AI-created videos circulating on Elon Musk's X depict American soldiers captured by Iran, an Israeli city in ruins, and US embassies ablaze - a surge of lifelike deepfakes despite a policy crackdown to curb wartime disinformation. They include AI videos depicting a tearful American soldier inside a bombed-out embassy, captured US troops on their knees beside Iranian flags, and a destroyed US navy fleet.

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AI push speeds up work, but quietly shrinks breaks

With AI's quick help, employees tempted to work through breaks between tasks. Top human resources executives and consultants said early signals of the shift are visible as generative AI tools move from experimentation to everyday work.

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When your Apple watch becomes an office taskmaster

White-collar workers increasingly track heart rate variability (HRV) with wearables to boost health and workplace performance. The trend has created HRV coaching and biohacking industries, though experts warn the obsession may be misleading, unhealthy, or anxiety-inducing.

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SpaceX taps Gibson Dunn and Davis Polk & Wardwell as legal advisors on blockbuster IPO, sources say

Elon Musk's rocket-and-satellite company has hired Gibson Dunn to represent it throughout the process, according to one of the people, while the ‌banks underwriting ⁠the deal ⁠have chosen Davis Polk & Wardwell, both people said. They asked not to be identified because the process ​is confidential.

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Y Combinator brings Startup School to India; here is what it means for your startup

Launched in 2017 by Y Combinator, one of the world’s most influential startup accelerators and early-stage VC firms, Startup School is a free online course that offers personalised coaching and lectures for aspiring founders. The India leg of the school will target engineers, builders, and entrepreneurs interested in the startup ecosystem.

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Flipkart, Amazon expand dark stores as profit check slows quick commerce majors

The quick-commerce foray of Flipkart and Amazon appears to have coincided with the profitability check at pioneers in this space -Swiggy and IPO-bound Zepto – and amid a broader debate over employment conditions in the last-mile, instant delivery revenue stream.

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Amazon unit withdraws from drone trade group, raises safety concerns

Amazon Prime Air said in a ​letter seen Thursday by Reuters that the alliance's ​positions "on the ⁠most consequential ‌safety questions ​facing ​the commercial drone industry ⁠are incompatible with Prime Air's ​core safety tenets."

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Lucid unveils steering wheel-free robotaxi concept, taking aim at Tesla's Cybercab

Lucid ​showcased a two-seater ​robotaxi concept without pedals ‌and ⁠a steering ⁠wheel ​and announced a ​self-driving tech subscription for ​its ⁠electric vehicles ‌at ​its ​investor ⁠day event on Thursday.

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Infosys tightens overseas travel approvals amid Middle East crisis

In an internal communication sent to employees on Wednesday and reviewed by ET, the company said only critical travel would be permitted for the time being. Group meetings, events, offsites, conferences and similar gatherings have been restricted until further notice.

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India's software exports touch $222 billion in 2024-25: ESC

The export of computer software and services, including ITeS and BPO, increased by 11% on a year-over-year basis to $222 billion in 2024-25, the Electronics and Computer Software Export Promotion Council said on Tuesday.

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Wipro Enterprises eyes entry into semiconductor sector

Wipro Enterprises is considering entering semiconductor manufacturing, likely chip assembly, taking a cue from other large Indian conglomerates that are betting on the sunrise industry to power new avenues of growth. It will look to enter the space via the outsourced semiconductor assembly and test (OSAT) route, he said, much like the HCL Group that laid the foundation stone for a Rs 3,700 crore OSAT facility in Uttar Pradesh in a joint venture with Foxconn.

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Househelp apps top 2 million monthly orders amid profitability questions

India’s emerging 10-minute househelp segment is scaling quickly, but investors are seeking clearer answers on long-term economics. Market leaders Urban Company, Snabbit and Pronto together recorded over 2 million monthly orders in February, up sharply from 1.3 million in December, helped by expansion into new cities and micro-markets.

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A guide to the Pentagon's dance with Anthropic and OpenAI

If Anthropic did not allow the Pentagon to deploy these technologies for "all lawful uses," Hegseth said, he would sever ties with the San Francisco startup.

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AI to play major role in tomorrow's warfare: CDS Anil Chauhan at Raisina Dialogue

Chief of Defence Staff General Anil Chauhan on Saturday said the world is at the cusp of a huge transformation where artificial intelligence and autonomous systems will influence future warfare.

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AI firm Fractal expects strong growth on increased AI adoption

The newly listed firm crossed Rs 100 crore in net profit for the first time in the December quarter, on the back of year-on-year 21% revenue growth to Rs 854.4 crore.

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Marvell Tech shares soar on bullish multi-year AI chip outlook

Marvell Technology rose ​nearly 11% in early trading on Friday, as its ​upbeat multi-year forecast underscored booming demand for custom AI chips from large technology companies.

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Meta’s AI smart glasses under scrutiny after investigation reveals sensitive content

Contract workers reviewing videos for data annotation reportedly encountered highly sensitive material, including bank information, nudity, sexual encounters, pornography, and even footage of people using the toilet, said a Swedish news investigation. The UK’s data watchdog, the Information Commissioner’s Office (ICO), has written to Meta requesting information to ensure that its practices comply with the country's data protection laws.

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Anthropic and Pentagon continuing discussions: Report

Anthropic and Pentagon continuing discussions.

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India’s beauty and personal care market set to grow to $39 billion in FY30: Report

India’s beauty and personal care market is accelerating rapidly, thanks to rising personal care spending by young consumers. E-commerce and rapid delivery platforms are defining how beauty products are accessed.

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Iranian strikes on Amazon data centres highlights industry's vulnerability to physical disasters

The company's cloud computing division, Amazon Web Services, said late Monday that two data centres in the United Arab Emirates were "directly struck" and another facility in Bahrain was also damaged after a drone landed nearby.

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GCCs brace for near-term hit as war clouds gather over Gulf biz

The global capability centre (GCC) ecosystem in India may face a short-term setback due to the Middle East conflict, but is expected to benefit in the long run as the country offers a stable security and policy environment for businesses to operate, said experts.

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SoftBank's PayPay delays IPO roadshow launch, sources say, as Iran attack rattles markets

The postponement, which has not been previously reported, comes after the U.S. and Israel launched strikes on Iran that ‌killed Iran's Supreme ⁠Leader ⁠Ayatollah Ali Khamenei and sent shockwaves through global financial markets.

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Quick commerce solutions platform Inamo raises $8 million led by Prime Venture

Started in 2025 by Sumit Anand and Thakare, Inamo offers full-stack solutions for quick commerce, including inventory management, fulfilment, and technology. At present, it processes 1.8 million orders per month.

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Amazon India to remove seller fee for items under Rs 1,000 from mid-March

In April 2025, Amazon India had waived the seller referral fee for items below Rs 300. Now the company has expanded its zero referral fees from 1.2 crore products in 2025 to over 12.5 crore products.

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Pentagon vs Anthropic: Who should control the AI weapon?

A major clash is unfolding between the US Pentagon and AI firm Anthropic. The government wants unrestricted access to Anthropic's AI models, while the company insists on ethical constraints. This dispute raises fundamental questions about AI control and safety. The outcome could shape the future of artificial intelligence development and its integration into national security.

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SemicON: Modi launches Micron facility in Gujarat

The semiconductor assembly, testing, marking and packaging facility in the industrial hub of Sanand is the first of 10 projects under the India Semiconductor Mission (ISM) that has begun commercial production and shipment. It converts advanced DRAM (dynamic random access memory) and NAND (flash memory) wafers from Micron’s global manufacturing network into finished memory and storage products.

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India's role in semiconductor supply chain 'essential' as others seek to dominate sector: US envoy

US ambassador to India Sergio Gor on Saturday said as other countries in the neighbourhood seek to dominate the production of "legacy chips", India offers a reliable alternative and has an important role in the global semiconductor supply chain.

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Warner Bros signs $110 billion deal with Paramount, its executive discloses in townhall

The agreement caps a ⁠bidding war after Netflix declined to match Paramount's latest $31-per-share offer, which ​was deemed superior by Warner Bros to the streaming pioneer's $27.75-per-share agreement ​for its assets. Paramount was in pursuit of Warner Bros since late last year when it launched a hostile campaign to wrestle the company from the streaming giant by consistently raising its offer.

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Rivals support Anthropic in AI standoff with Pentagon

At the heart of the dispute is Anthropic's refusal to allow its Claude models to be used for the mass surveillance of US citizens or deployed in fully autonomous weapons systems. An open letter titled "We Will Not Be Divided," signed as of Friday by 336 Google DeepMind staffers and 68 from OpenAI, called on tech leaders to hold the line together.

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Digital lenders tap bond markets to diversify borrowing channels

Digital lending startups are turning to public bond markets to cut costs and diversify funding. Platforms like OBPPs and growing retail participation are making NCDs a viable tool for new-age lenders. This shift reduces reliance on traditional non-bank lenders, offering cheaper borrowing and helping fintechs raise funds more efficiently.

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Telangana aims to emerge as global logistics hub by 2047: Sridhar Babu

Speaking at the Transport Logistic India 2026 conference organised by Messe Munchen India at the Jio World Convention Centre in Mumbai, the Minister outlined the State government's strategy to build a future-ready logistics ecosystem through infrastructure expansion, digital integration, policy support, sustainability initiatives and skill development, according to a release.

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Construction tech startup MeltPlan raises $10 million in round led by Bessemer Venture Partners

Europe-based venture capital firm Noa participated in the funding round of the startup, which offers an AI system that optimises decision-making before construction begins. The fresh funds will be used to enhance its tech offering, strengthen its vertical AI stack and expand its team.

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Perplexity Computer: CEO Aravind Srinivas unveils the company's "next big thing"

Aravind Srinivas, CEO of Perplexity, revealed Perplexity Computer, a system that unites files, tools, memory, and AI models. It uses multiple specialised models, each handling tasks like reasoning, coding, or writing. Users can assign models to subtasks, giving control over performance and cost.

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CID takes up probe on fintech startup Jar; HC hears plea for quashing FIR

Officials at the CID’s Deposit Fraud Investigation division are investigating the Bengaluru-based startup for operating without a licence from Sebi or the RBI.

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Medical equipment startup Pulse raises $4 million funding led by 3one4 Capital

Medical equipment startup Pulse has raised $4 million in a funding round led by 3one4 Capital. Founded in 2025, Pulse makes equipment for critical, renal and cardiac care, working with nearly 20 MSMEs across India. The funds will help the company accelerate product development, secure regulatory certifications and set up a new research and development (R&D) hub in Vizag.

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Why AI bolt-ons won’t help IT, cybersecurity weather this storm

In less than ten days, Anthropic triggered two separate stock selloffs across enterprise technology. First, its Cowork agent shook IT services stocks. Then, late last week, it launched Claude Code Security, a tool that scans software for weaknesses and suggests fixes.

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PayPal attracts takeover interest after stock slump

PayPal Holdings, the digital payments pioneer, is attracting takeover interest from potential buyers after a stock slide wiped out almost half of its value. The San Jose, California-based company has fielded meetings with banks amid unsolicited interest from suitors.

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AMD bets big on India’s AI ambitions with Helios; open ecosystem push

Senior VP Thomas Zacharia outlines roadmap spanning exascale computing, PPPs, & deeper India engagement.

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Delhi declaration urges democratic AI for social good

The 86 signatories included the European Union as well the US and the UK, two key nations that had opted out of a global pact on AI at the previous year's summit in Paris. Other major participants include China, Germany, Japan, France, Italy, Russia and Canada. All the shared priorities mentioned in the declaration are voluntary and represent non-binding guidelines and principles.

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AI Summit proved to be a turning point on how world will utilise power of AI: PM Modi

In his monthly radio broadcast Mann Ki Baat, Modi also asked people to remain vigilant against online financial fraud and digital arrest, and appealed to all to comply with requests from banks for doing KYC (know your customer) as it is crucial for an individual's bank account's safety.

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India's AI ambition spans full tech stack; combines domestic impact, global outlook: Ericsson CTO

Erik Ekudden told PTI that the evolution of networks will be central to the AI journey. While AI is already being used to optimise 5G networks today, the future will see the rise of agentic AI or AI agents, and eventually physical AI such as robots and humanoids.

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ETtech Deals Digest: Startups raise $725 million this week, up 5X on-year

The number of deals during the week, however, was down at 32 transactions, compared to 42 in the corresponding week last year.

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Chip startup Taalas raises $169 million to help build AI chips to take on Nvidia

Toronto-based chip startup Taalas said on Thursday it had ​raised $169 million and said ​it has developed a chip capable of running artificial intelligence ​applications faster and more cheaply than conventional approaches.

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OpenAI partners with IIT Delhi, IIM Ahmedabad, others to build AI-ready talent

OpenAI on Wednesday announced partnerships with leading Indian universities to embed artificial intelligence across management, health, engineering, creative and multidisciplinary education, aiming to build AI-ready talent for a tech-driven economy.

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India’s chance to create AI’s third way: Mozilla Foundation president Mark Surman

There is a huge opportunity for countries like India to step forward and be champions in artificial intelligence by investing in open source and enabling the creation of a third way of AI that is different from Big Tech and China, Mozilla Foundation president Mark Surman said.

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Figma partners with Anthropic to launch ‘Code to Canvas’

Figma on Tuesday announced a partnership with Anthropic and unveiled a new feature, “Code to Canvas,” that converts AI-generated code into fully editable designs within Figma.

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Cloudflare CEO Matthew Prince rejects outage reports, hints at legal action

Cloudflare’s cofounder and chief executive rejected a report claiming the company suffered an outage Monday morning, disputing coverage that cited user complaints and data from Downdetector. Prince also hinted that the internet infrastructure provider might also consider legal action against Downdetector, because he was “tired of their crap”.

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Crypto company Nexo returns to US three years after clash with regulators

Crypto company Nexo has relaunched ​in the United States, it said on Monday, three years after leaving the country and paying a $45 million fine following clashes with regulators.

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DPDP Act phased rollout exposing compliance gaps: Privacy experts

Executives across the privacy ecosystem told ET that organisations are over-focusing on surface-level compliance such as consent banners and legal documentation, while underestimating the operational overhaul required to meet the law’s substantive obligations.

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AI Summit to focus on human-centric and inclusive AI

Under India's AI leadership framework, seven thematic working groups - termed "Chakras" - are being structured around three guiding "Sutras": People, Planet and Progress, a senior MEA official said. The Human Capital Chakra will address the rapid transformation of work driven by AI, focusing on equipping people with skills and digital literacy to adapt to evolving employment landscapes.

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Digital arrest victims may be going under cover

Banks and insurers are in early talks to design an insurance product to cover victims of digital arrest scams, potentially making India the first country with such fraud coverage. The government has formed an interdepartmental committee to support tools like a UPI kill switch. Insurers and regulators are discussing protection for losses caused under psychological pressure.

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Microsoft, Ericsson lead global tech alliance for digital trust

The alliance ​includes companies such as Anthropic, Amazon Web Services, Alphabet's ​Google, India's Reliance Jio Platforms, Finland's Nokia, Canada's Cohere, Japan's NTT, and Germany's SAP. Its five principles call for strong corporate governance, ethical conduct, secure technology development, adherence to global security standards across supply chains, and support for an open digital environment.

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Gifting, wellness brands find love on qcomm this Valentine’s week

Valentine’s Day is becoming a major sales event for quick commerce and D2C brands, spanning fashion, jewellery, beauty, and sexual wellness. Platforms like Zepto, Blinkit, and Instamart have launched dedicated Valentine’s sections from February 7, with interactive designs to boost purchases. Sexual wellness brand MyMuse reports a 50–60% YoY rise in sales via these apps.

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SoftBank's PayPay moves closer to public markets with US IPO filing

PayPay's stock market flotation was initially expected in December, but the longest-ever U.S. ​government shutdown delayed the regulatory review and pushed back the planned listing. The offering could raise ​more than $2 billion, Reuters reported in August. PayPay did ​not disclose the size or the proposed price range.

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Voice AI moves from an add-on to the core for Indian companies

As digital services reach deeper into tier-II and III cities, and rural India, companies are rethinking text-heavy and English-first systems in favour of voice-led and Indic-language AI.

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New Sovereign AI hub to create 5,000 high-skilled jobs in Odisha following Sarvam AI MoU

The project follows a strategic proposal from Sarvam AI, a leading Indian startup, which plans to invest approximately Rs 20,000 crore ($2.3 billion) to set up the hub. This facility will serve as a cornerstone for the state's digital transformation, transitioning Odisha from its traditional roots in mining and metals toward a technology-driven future.

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