Tiger Global, Dragoneer in talks to invest in Kalshi's new $1 billion fundraise

The fresh capital raise is expected to be finalised in the coming weeks and will value Kalshi at about $40 billion, the sources said, requesting anonymity as the discussions are confidential. It comes on the heels of a $1 billion fundraise in May that valued the firm at $22 billion.

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Anthropic says rogue AI agents pose uncertain legal risk for the company

Anthropic could face legal claims from customers and users over the actions of rogue artificial intelligence agents, though the legal framework is uncertain, the company said in the prospectus for its stock market debut seen by Reuters.

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Union minister Piyush Goyal to headline ET Startup Awards on October 9 in Bengaluru

Goyal has been leading trade negotiations with key partners, including the US, after sealing high-profile deals with the UK, which came into force in July, and the EU, which is expected to take effect early next year. His ministry is also overhauling a raft of laws and regulations to make it easier to do business and to cement India's position as a global manufacturing hub, a push that has coincided with record foreign direct investment (FDI) inflows of $94.53 billion in FY26.

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Trump's AI meeting with tech CEOs to focus on finding balance, US House speaker says

The White House meeting, which will include Mike Johnson, comes as leading AI companies are calling for slowing development of increasingly capable AI systems, warning of the risks to humanity and appealing for governments to work together to manage the increasingly powerful technology.

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Trump said he would dine with Anthropic CEO Dario Amodei amid mounting AI debate

Trump told reporters after returning to Joint Base Andrews in Maryland that he was grabbing dinner at 10 pm with Dario Amodei. The meal comes just two days after Amodei's company faced a setback in a court case against the government over its barring its products for Defense Department work.

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a16z’s Raghuram isn't writing off India AI yet; insurers weigh new rules

Happy Monday! a16z’s Raghu Raghuram said India can build frontier AI companies by using its talent. This and more in today’s ETtech Morning Dispatch.

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China weighs allowing ByteDance, Alibaba to buy new Nvidia chips: The Information

China's Ministry of Industry and Information Technology recently asked companies including ByteDance and Alibaba to report their plans to purchase Nvidia's RTX PRO 5500 chips, according to the report.

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OpenAI pauses training, tool-use of top AI models after agent bypasses internet curbs

The agent, OpenAI said, bypassed the curbs through a gap in its Domain Name System (DNS) filtering and used it to send questions to a public chatbot service. According to a report by OpenAI, the pause will stay in place until OpenAI has confirmed that the gap is resolved and has carried out further security testing of its systems.

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AI, semiconductors, quantum to drive India's next infrastructure push: FM Sitharaman

Union Finance Minister Nirmala Sitharaman highlighted the need for investment in AI, semiconductor chips, and quantum technology. She stated that strengthening digital infrastructure will support AI adoption across various sectors. Additionally, Sitharaman underscored the importance of providing AI solutions to micro, small, and medium enterprises. She believes that achieving over 10 percent economic growth is possible with greater effort in all sectors.

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OpenAI works to understand full scope of agent activity as user data leak emerges

OpenAI's ongoing battle also reflects a yawning gap between the strength of the models the company is testing and its capacity to oversee or even track their actions.

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European Union vows to defend its stand against X after the US backs a court challenge from Elon Musk

The European Union imposed a significant fine on social media platform X for regulatory violations. Following this, the U.S. government expressed support for Musk's legal efforts to dismiss the fine. The European Commission emphasised its right to enforce legislation aimed at protecting citizens. This situation has escalated tensions between Brussels and Washington regarding regulatory power. Officials from both sides have engaged in discussions about jurisdiction and implications for American companies.

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IRDAI's commission reset impact; ETSA winner Progcap’s next bet

Happy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industry. This and more in today’s ETtech Morning Dispatch.

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White House asks OpenAI, Anthropic to hold models from British testers: Politico

The White House wants to take steps to make sure US systems are secure before the models are shared with partners, according to the report.

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BNP Paribas to keep sensitive data off public cloud despite Google deal

BNP Paribas will keep some sensitive customer data and critical operations off public cloud infrastructure even after signing a five-year cloud and AI partnership with Google, the French bank said on Thursday.

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AI speeding up tech development, but identifying problems is key: SAP Labs India MD

During a fireside discussion on Leadership in the AI Era, Gangadharan said companies should start with the business outcome they want to achieve rather than look for problems after adopting a technology.

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Meta's Muse rekindles fears over winners and losers as personal AI agent emerges

Meta's Muse, the first major consumer product to emerge under Alexandr Wang since he was hired to head its AI efforts last year, has split the fortunes of US stocks this week.

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OpenAI expands GPT-6 lineup with cheaper Sol and Luna models

The launch of low-cost GPT-6 Sol and GPT-6 Luna follows the rollout of GPT-6 Astra, a faster model for handling more tasks than previous iterations, earlier this month.

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Anthropic unveils Claude Opus 5.5

The company said Opus 5.5 performs on par with its Claude Fable 5.1 model on most tasks while costing 40% less to run on typical workloads than its predecessor, Claude Opus 5.

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Poor data sharing undermining EU cyber defences, auditors say

The 27-nation bloc was investing more and more in cybersecurity - with €1.4 billion ($1.61 billion) in its current budget - and improving cooperation, according to the court, which reports on how effectively the EU spends money.

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-year and 6-year tenors, according to the term sheet.

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Ashwini Vaishnaw on India’s chip push; Emergent's new AI bet

Happy Monday! The next set of investments under India’s semiconductor scheme are expected to begin in the next six months, IT minister Ashwini Vaishnaw told us. This and more in today’s ETtech Morning Dispatch.

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Anthropic quietly sets up biology lab as it ramps AI drug program

At a time when fears of AI are gripping the public, the startup has built a wet lab, or place for physical experiments, in the San Francisco Bay Area, two people familiar with the matter said. Anthropic has said it wants to unlock treatments for rare diseases, and its biology work has gone beyond "in silico" or computer evaluations.

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Amazon enters AI safety fray, calls for "rigorous testing," safeguards

The company provided its views in response to a Reuters inquiry days after many of the largest labs called for slower AI development, following an outcry among researchers and others who fear the technology could evade human control and threaten global systems and even humanity itself.

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UK silence over demand for Apple data access is farcical, lawyer says

The British government's refusal to confirm whether it has issued an order to bypass encryption to access customer data held by Apple has become farcical, a lawyer for civil rights groups told a London tribunal on Thursday.

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Kissht parent OnEMI board approves Rs 832 crore preferential issue

Kissht plans to issue up to 26.49 million equity shares at Rs 314.11 apiece to 34 investors in the non-promoter category, according to an exchange filing on Thursday. The transaction is subject to shareholder and other statutory and regulatory approvals, the company said.

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Decoding MDR’s impact; EV bikes’ policy change sparks debate

Happy Thursday! The return of MDR is set to change UPI's market share game. This and more in today's ETtech Morning Dispatch.

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Revolut hackers demand $3 million ransom: FT

Hackers behind a data breach at Revolut threatened to sell confidential records of hundreds of customers to other criminal groups unless the British fintech pays a ransom of $3 million within 24 hours, the Financial Times reported on Wednesday.

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Anthropic to fold Claude AI features into one interface, launches document tools

Anthropic said on Wednesday it is combining the chat and Cowork features of its Claude AI assistant into a single interface and launching new document and presentation tools.

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Anthropic’s Amodei to AI industry: set your own safety standards before regulators do

On the back of publishing an essay urging AI companies to slow down, the Anthropic chief made the case for industry-wide safety standards.

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Ex-Google worker adds to AI alarm, warns of 'potential to kill us all'

A former Google DeepMind employee warned that rapidly advancing artificial intelligence could become uncontrollable and has "the potential to kill us all," adding to a growing list of industry insiders sounding the alarm. "I earnestly believe that AI has the potential to kill us all, and that we might be running out of time to avoid this outcome," wrote Chughtai, who has joined BlueDot Impact, a non-profit organization dedicated to training on artificial intelligence.

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China's DeepSeek hires dealmaker as CFO ahead of possible IPO

A ⁠CFO typically plays a central role in managing investor communications, financial controls, capital allocation and disclosure ​processes required for a listing.

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

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

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

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

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OpenAI agents attacked RubyGems before Hugging Face incident, researchers say

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

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

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

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

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Karnataka government to fund 100 startups with Rs 25 crore for pilot projects in government departments

Selected startups can get work orders of up to Rs 25 lakh each for pilot projects under an initiative called Government First under goverment's flagship Elevate programme, announced as part of Karnataka’s Startup Policy 2025-30.

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OpenAI launches ChatGPT for financial services industry

The product, ChatGPT for Financial Services, was developed with Morgan Stanley and Evercore as design partners ‌to help ⁠shape the ⁠offering, OpenAI said in a blog post.

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IBM, NASA launch AI model to help map ice, craters on Moon

The NASA-IBM Lunar Foundation Model is ‌a publicly ⁠available AI ⁠tool designed to study the Moon. It was trained ​on more than 30 layers of data collected by nine instruments ​on four NASA missions, including the Lunar Reconnaissance Orbiter.

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Wipro's AI push frees capacity equivalent to 20,000 workers, CTO says

The comments come as India's $315 billion software services industry grapples with adoption of AI, which is ‌reshaping hiring, software ⁠development and ⁠contracts.

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Meta tests fact-check replacement in Latin America

Meta said Wednesday it had begun testing Community Notes in 16 Spanish-speaking countries in Latin America, a step toward replacing the professional fact-checking program it runs with partner organizations across the region.is among the fact-checking organizations that participate in Meta's program in Latin America and elsewhere.

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Habuild CEO on user loyalty; Flipkart Minutes gets its own app

Happy Thursday! Habuild CEO Saurabh Bothra said repeat users are helping the company drive growth. This and more in today’s ETtech Morning Dispatch.

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ET Startup Awards 2026: Habuild leans on repeat users to expand beyond yoga into strength training, nutrition

Habuild, winner of the Bootstrap Champ title at the ET Startup Awards 2026, has built a profitable digital wellness business driven largely by repeat subscriptions. The platform, which started with free yoga sessions during Covid, reported Rs 112 crore revenue and Rs 57 crore net profit in FY25, while expanding into strength training and AI-led nutrition tools.

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US accuses Chinese AI firms of 'malicious' copying of AI technology

The Chinese companies copied U.S. AI labs' intellectual property through a technique known ‌as distillation, according ⁠to ⁠a statement from U.S. law enforcement and intelligence officials. Distillation is the process of training ​smaller AI models using output from larger, more expensive ones as part of an effort ​to lower the costs of training a new AI tool.

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Amazon, Flipkart's multi-front war; India set for more GCCs

Happy Wednesday! Amazon and Flipkart have broadened their bets as quick commerce platforms chip away at their share of user base. This and more in today’s ETtech Morning Dispatch.

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US suspends Cognizant green card filings

The action came a day after Cognizant announced plans to expand its American workforce. The company said it planned to hire 1,500 US college graduates and increase its Frontier Certified Engineer and Frontier Business Operator workforce to 15,000 people.

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Late-stage funding squeeze; ISRO opens up space

Happy Tuesday! India’s late-stage funding market is tightening, with investors writing smaller cheques and pushing for lower valuations. This and more in today’s ETtech Morning Dispatch.

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Taiwan flexes chip diplomacy muscles as it faces pressure to share AI wealth with allies

Home to companies like TSMC whose chips power AI applications, diplomatically isolated Taiwan has long sought to leverage its tech prowess to garner international support, something Beijing routinely seeks to block saying the island is merely one of its provinces.

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Festive carts to get heavier; Pixxel’s $100 million fresh fuel

Happy Monday! Online festive shopping is set to hit a new high this year. This and more in today’s ETtech Morning Dispatch.

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India set to pitch tech synergy for cementing BRICS

India is keen to complete three major multilateral projects under its chairmanship of the 11-country bloc. The global research advanced infrastructure network (GRAIN) initiative will offer researchers from member states federated, or shared, access to high-performance computing systems and supercomputers, an official said.

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Piper Serica eyes Rs 180-220 crore deployment across four-six deeptech startups this fiscal

The investment firm's new Bharat Tech Fund, a Category II AIF, targeting a corpus of Rs 600 crore, alongside a greenshoe option of Rs 200 crore, has already raised about Rs 400 crore and evaluated around 30-35 startups in the hunt for the next investment, Modi told PTI.

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IPO-bound Rentomojo pins growth on 'hard-to-copy' supply chain moat

Rentomojo’s moat lies in its complex rental model, which combines subscriptions, asset ownership, logistics, collections and refurbishment. With 2.5 lakh active subscribers and strong repeat business, the company is scaling ahead of its Rs 1,255.6 crore IPO, backed by improving profitability and access to credit.

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US, China gear up for mid-September AI safety talks

The ​talks, the first official bilateral discussions devoted exclusively to AI between the US and China ​since US President Donald Trump took office for a second time, will be led by US Treasury Secretary Scott Bessent on the US side, the sources, who were briefed ​on the planning, said on condition of anonymity.

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Smart ring maker Oura reveals revenue surge in US IPO filing

The IPO market is ‌expected to ⁠pick up ⁠steam after a summer lull. Analysts expect issuers to target the ​post-Labor Day window to get ahead of any uncertainty around November's midterm elections. Oura, ​whose journey began more than a decade ago in Oulu, Finland, makes a smart ring that tracks key ​health indicators such as heart rate, sleep ⁠stages and ‌physical activity.

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Data at law firms Quinn Emanuel, McDermott exposed in cyber breaches

It was not clear who was responsible for the two breaches or whether they were related. Large law firms' extensive holdings of confidential business and personal data have made them attractive targets for cybercriminals.

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Sugar’s valuation slump; Slice takes a hit

Happy Friday! A91 Partners is backing Sugar Cosmetics in a round that will see the beauty brand’s valuation fall sharply. This and more in today’s ETtech Morning Dispatch.

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Uber layoffs impact India; RMG ban, a year on

Happy Thursday! Uber is cutting jobs in India as part of a sweeping global restructuring. This and more in today’s ETtech Morning Dispatch.

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Adobe acquires PeakXV-backed AI startup Rilo to expand marketing automation

Rilo cofounder Dhruv Jaglan announced the acquisition in a LinkedIn post, saying the startup would join Adobe to “help bring AI to Fortune 500 marketers”. Financial details of the transaction were not disclosed.

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Google defeats US bid to force ad tech sale

While the ad exchange is a ​small part of Google's business, the ruling is the second powerful symbolic victory against the U.S. Department of Justice in its efforts to force Google to sell assets to address illegal monopolies.

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Anthropic launches AI agent blueprints for retailers ahead of holiday shopping season

AI-driven retail site visits now convert at a 60% ​higher rate than traffic ⁠from other ‌sources, Adobe Analytics said ​last month.

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Restaurants step up food safety; UpGrad seals Unacademy deal

Happy Wednesday! India’s food safety crackdown is forcing restaurants to clean up their kitchens and supply chains. This and more in today’s ETech Morning Dispatch.

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Eutelsat OneWeb seeks urgent security approval for LEO constellation to launch commercial satcom services in India

Eutelsat OneWeb urgently seeks government security approval for its satellite constellation. The company faces significant delays in launching commercial services in India. This delay impacts its ability to monetize substantial prior investments. Starlink and Jio Satellite also await similar security clearances from authorities. OneWeb's early mover advantage is diminishing due to these prolonged approvals.

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Tech layoff continues; ITC Infotech-Happiest Minds to merge

Happy Tuesday! Tech giants Oracle and Microsoft are planning to restructure their India workforces. This and more in today’s ETtech Morning Dispatch.

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