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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