Trump Media raises $2.44 billion for Bitcoin treasury plan

Trump Media & Technology Group Corp. secured approximately $1.44 billion through stock sales and $1 billion in convertible bonds, earmarking the funds to establish a Bitcoin treasury. Following the announcement, the company's shares experienced a rise, with the deal providing over $3 billion in liquid assets and Bitcoin exposure to shareholders. Crypto.

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Silicon Valley is at an inflection point

Under President Trump's administration, tech giants are gaining unprecedented power, fueled by initiatives like the Stargate Project and favorable tax policies. This support allows them to expand their influence across various sectors, raising concerns about data privacy, resource consumption, and the concentration of AI research within these companies.

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Looking forward to 'Open-io': Google CEO Sundar Pichai lauds OpenAI-Jony Ive collab

Sundar Pichai expressed excitement about the OpenAI-io collaboration to develop next-gen AI devices, anticipating innovative technology and hardware. OpenAI's acquisition of Ive's io for $6.4 billion signals a significant move, with Ive taking on creative roles across both entities.

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Quantum computing may soon become a scaled solution: Wipro

Wipro’s CTO Sandhya Arun expects quantum computing to scale by year-end. Agentic AI currently saves 20-35% of manual effort. Wipro’s new innovation lab focuses on quantum, AI, blockchain, and robotics, aiming to accelerate technology adoption and business impact globally.

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Meta joins Anduril to build XR products for US armed forces

Meta and Anduril Industries are collaborating to deliver integrated extended reality (XR) products for the US military, funded privately. This partnership integrates Meta's AR/VR capabilities with Anduril's Lattice platform, an AI-powered command and control system, enhancing tactical decisionmaking. They've sent a joint proposed to Soldier Borne Mission Command (SBMC) Next, aiming to develop digital awareness system for soldiers.

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IndiaAI selects 10 startups for global acceleration programme

IndiaAI Mission has selected 10 homegrown AI startups for its global initiative, partnering with Paris-based Station F and HEC Paris. The four-month programme supports global scale-up, market access, and collaboration. Minister Ashwini Vaishnaw called it a milestone in India’s AI innovation diplomacy and global growth.

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IPO bound Imarticus Learning acquires MyCaptain

Imarticus Learning has acquired edtech startup MyCaptain for Rs 50 crore to expand its presence in non-tech career training, especially in India’s tier 2 and 3 cities. The acquisition boosts Imarticus’ reach with 60+ live programmes, over 850 staff, and aims to serve 5 million learners in three years.

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TCS to add AI agents alongside human workforce: N Chandrasekaran

Looking ahead, TCS plans four progressions - establish a large pool of AI agents working alongside our human workforce, deliver solutions through a human+AI model, invest in AI data centers and cloud infrastructure, as well as forge partnerships, Chandrasekaran said.

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Exclusive: Unacademy founders Munjal, Saini set to exit, shift focus to AirLearn

Unacademy cofounder Gaurav Munjal is stepping down as CEO, with Sumit Jain taking over amid a company reset and focus on AirLearn. Fellow cofounder Roman Saini is also exiting an active role. This leadership change follows internal discussions and a shift from online test prep to physical centers, impacting the edtech's business.

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Fashion delivery startup Slikk Club raises $10 million led by Nexus Venture Partners

Fashion quick commerce startup Slikk Club has raised $10 million in funding led by Nexus Venture Partners, with Lightspeed also participating. The funds will support category expansion, faster returns, and geographic growth. Slikk plans to scale to 500 brands and six to eight dark stores, targeting fashion, beauty, and accessories.

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Flipkart growing at up to 25% despite ecommerce slowdown: Group CEO Kalyan Krishnamurthy

Flipkart is experiencing strong momentum with 20–25% year-on-year order growth in May, despite an industry slowdown. CEO Kalyan Krishnamurthy highlighted the firm’s India re-domiciling move, profitability push, and 30% projected June growth. He also reaffirmed that Flipkart’s quick commerce venture, Minutes, aims to scale up to 800 operational dark stores by the close of 2025.

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