Search for: Ai

Anthropic ropes in ex-Stripe CTO Rahul Patil as chief technical officer

03 Oct 2025, 12:28 PM

Earlier, Patil has worked at tech giants including Oracle, Amazon and Microsoft.

OpenAI valuation touches $500 billion as employees sell shares

03 Oct 2025, 11:47 AM

The shares were bought by investors including SoftBank, Dragoneer Investment Group, Thrive Capital, MGX, and T. Rowe Price.

OpenAI partners with Samsung, SK to expand AI infra under Stargate project

02 Oct 2025, 17:39 PM

Samsung and SK also will explore if they could deploy ChatGPT Enterprise and API capabilities into their operations.

Thinking Machines Lab unveils first product Tinker

02 Oct 2025, 17:03 PM

In July, Thinking Machines Lab had also attracted a whopping $2 billion in a seed funding round even before making the product public.

OpenAI launches new version of audio and video generator Sora

02 Oct 2025, 16:35 PM

The AI startup has also launched a new social iOS app just called “Sora,” powered by Sora 2

RBI brings the wild west under regulatory fold; Hello, AI friend

30 Sep 2025, 14:10 PM

Sep 19th Edition: We look at the RBI’s unified master directions on payment aggregators and what it means; and how AI companions could be the next big bets for Indian VCs.

The same fate of two digital lending posterboys; Healthcare not AI ready?

30 Sep 2025, 14:06 PM

Sep 12th Edition: How Capital Float (now Axio) and Lendingkart, in 2025, found themselves meeting the same fate; and why India’s healthcare is not ready for the AI and robotics revolution yet.

Reliance's startup moment; Amazon, Flipkart's NBFC play

30 Sep 2025, 13:57 PM

Sept 5th Edition: We track Mukesh Ambani’s entry into a novel business that even big tech businesses are trying to make sense of; and the country’s top marketplaces’ credit bet.

Groww, and the New Rules of Going Public; OpenAI may spark AI Goldrush for PEs?

30 Sep 2025, 13:50 PM

August 29th Edition: We track Groww’s hush-hush IPO filing and why unicorns are choosing silence over spotlight; and how OpenAI’s India office could ignite a PE gold rush in AI.

Anthropic launches "best coding model" Claude Sonnet 4.5

30 Sep 2025, 13:35 PM

The model also shows improved capabilities on a broad range of evaluations including reasoning and math.

UNLEASH Capital Partners hits final close of first fund at Rs 300 crore

30 Sep 2025, 12:35 PM

The fund witnessed backing from around 35 Japanese Limited Partners (LPs), or investors, underlining continued interest from Japan in India's startup ecosystem.

Vibe-coding startup Anything bags $11 million in Series A funding

30 Sep 2025, 11:49 AM

Earlier, the startup had raised $5.5 million in seed funding round from Bessemer Venture Partners, Uncork Capital, and Shopify CEO Tobi Lütke.

Sahamati Labs partners with Google Cloud to embed AI in account aggregator framework

29 Sep 2025, 15:22 PM

As part of the collaboration, an AI Center of Excellence will be established that will develop solutions across lending, insurance, and wealth management sectors.

Sam Altman dubs OpenAI’s new Pulse ‘the future of ChatGPT'

26 Sep 2025, 12:50 PM

Pulse will be available only for Pro subscribers for now.

Microsoft adds Anthropic's models to Copilot amid friction with OpenAI

25 Sep 2025, 15:28 PM

OpenAI will continue to remain as the default model for new agents in Copilot Studio.

Emergent raises $23 million in Series A round led by Lightspeed

25 Sep 2025, 14:46 PM

The funding round saw participation from Together Fund, Y Combinator, Prosus Ventures, and angel investors.

Exclusive: Former PayU India executive's startup Zinc shutting down operations?

25 Sep 2025, 13:12 PM

Launched in 2024, the fintech firm raised $25.5 million in seed round led by Nexus Venture Partners. Quona Capital, Saison Capital also participated in the round.

MS Dhoni Family Office-backed Finance Buddha gets in-principle nod for SME IPO

25 Sep 2025, 13:05 PM

Cohere raises additional $100 million as it scales enterprise AI tech

25 Sep 2025, 11:51 AM

This funding round has taken the startup's valuation to around $7 billion.

Gullak bags $7.5 million in Series A round led by Chiratae Ventures

24 Sep 2025, 15:43 PM

The funding round saw participation from White Venture Capital and Samved Ventures, along with existing investors Y Combinator, GMO Venture Partners, and Rebel Funds.

Oolka raises $7 million in seed funding led by Lightspeed, Z47

24 Sep 2025, 15:15 PM

The funding round saw participation from 8i Ventures, along with angel investors including Meesho founders Vidit Aatrey and Sanjeev Barnwal.

OpenAI to build 5 new data centres with Oracle, SoftBank under Stargate

24 Sep 2025, 12:35 PM

The Stargate Project was a new company announced by OpenAI earlier in January that planned to invest $500 billion over the next four years to build new AI infrastructure.

Nvidia plans to invest up to $100 billion in OpenAI

23 Sep 2025, 14:25 PM

The investment will be part of a strategic deal to deploy at least 10 gigawatts of Nvidia systems for OpenAI’s next-generation AI infrastructure.

OpenAI takes ChatGPT Go beyond India, launches in Indonesia

23 Sep 2025, 13:59 PM

Earlier this month, Google launched its own affordable AI Plus subscription plan in Indonesia.

Vibe-coding startup Rocket.new raises seed funding from Salesforce Ventures, Accel

23 Sep 2025, 13:31 PM

Based in Gujarat's Surat city, known for its diamond polishing industry, the startup claims to have gained significant momentum just within 15 weeks of its launch.

OnFinance AI bags $4.2 million in pre-Series A round led by Peak XV's Surge

23 Sep 2025, 12:34 PM

The Bengaluru-based startup will use the fresh capital to expand its proprietary BFSI-focused AI models and accelerate research and development initiatives among others.

Tide raises $120 million led by TPG, turns unicorn

23 Sep 2025, 11:31 AM

It intends to use a portion of the capital to advance its investment into agentic artificial intelligence (AI) capabilities.

Dhan ropes in Angel One's Ketan Shah as CEO of omni channel business

22 Sep 2025, 14:13 PM

The appointment of Shah comes amid fresh fund raising activity at Dhan's parent company Raise Financial Services.

IPO-bound Fractal among 8 entities added to India's AI Mission

19 Sep 2025, 11:58 AM

The other entities that have been selected by the government under its AI Mission include Avatar AI, IIT Bombay Consortium – Bharat Gen and Intellihealth.

Groq raises $750 million led by Disruptive

18 Sep 2025, 11:35 AM

The funding round also saw "significant investment" from Blackrock, Neuberger Berman, Deutsche Telekom Capital Partners and a large US-based West Coast mutual fund manager.

OpenAI updating ChatGPT to strengthen teen safety measures amid wrongful death lawsuit

17 Sep 2025, 14:21 PM

In the meantime, OpenAI will hand parental control to help oversee the use of ChatGPT by their children.

AI startup Hyperbound secures Series A funding led by Peak XV

17 Sep 2025, 13:06 PM

The startup will use the fresh capital to expand its AI-powered sales training platform and enhance its product offerings.

Peak XV-backed Groww files revised papers for Rs 7,000 crore IPO

17 Sep 2025, 11:48 AM

The public issue comprises a fresh share issuance worth Rs 1,020 crore and an offer for sale (OFS) of around Rs 5,000 crore by existing shareholders.

RBI secures massive Mumbai land deal to house new office

16 Sep 2025, 16:34 PM

The land is worth over Rs 3,400 crore at the Nariman Point financial district.

OpenAI ropes in xAI's former CFO as business finance officer

16 Sep 2025, 14:50 PM

Liberatore, who left xAI in July after just three months on the job, was involved in xAI's recent funding round of $10 billion in June.

Micro1 raises Series A funding led by VC firm founded by former X executives

15 Sep 2025, 12:50 PM

The funding round was raised at a valuation of $500 million.

RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses

12 Sep 2025, 20:06 PM

The RBI said, in an order dated September 10, 2025, a penalty was imposed on PhonePe for non-compliance with certain norms related to PPIs.

OpenAI set for restructure under non-binding deal with Microsoft

12 Sep 2025, 12:31 PM

The two companies are actively working to finalize contractual terms in a definitive agreement.

The untold story of India's robotics boom – and why it almost didn't happen

11 Sep 2025, 07:56 AM

With investors circling and startups scaling, India is facing a pivotal question: will policy and capital align to make it a true robotics hub?

Mistral AI attracts $2 billion in Series C led by ASML

10 Sep 2025, 15:41 PM

Existing investors including DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed and Nvidia also participated in the funding round.

Cognition AI raises $400 million in new funding led by Founders Fund

09 Sep 2025, 11:10 AM

The funding round was raised at a valuation over $10 billion, more than double the valuation of $4 billion earlier this year.

Former Scale AI executive founded AI startup Isotopes AI bags $20 million in seed funding

08 Sep 2025, 12:17 PM

OpenAI acqui-hires Xcode coding assistant Alex

08 Sep 2025, 11:33 AM

The acquisition of Alex fits into OpenAI's broader strategy of building a comprehensive developer tools ecosystem.

Stripe launches new blockchain company Tempo in partnership with Paradigm

05 Sep 2025, 12:17 PM

Matt Huang, Stripe board member and co-founder of Paradigm will lead Tempo.

OpenAI to launch AI-powered hiring platform

05 Sep 2025, 11:55 AM

OpenAI will start offering OpenAI Certifications for different levels of AI fluency.

OpenAI to acquire product testing startup Statsig

04 Sep 2025, 00:02 AM

As part of the deal, Statsig's CEO Vijaye Raji will step into a new role as CTO of Applications⁠, reporting to Fidji Simo.

Anthropic raises $13 billion in Series F at $183 billion post-money valuation

02 Sep 2025, 22:19 PM

The fresh capital will help AI startup expand its capacity to meet growing enterprise demand.

Accel, Celesta, Gaja, others form alliance for deep tech bets in India-domiciled enterprises

02 Sep 2025, 14:54 PM

Each member of the alliance will commit "meaningful private capital" over 5-10 years to India-based deep tech companies.

Peak XV managing director Harshjit Sethi quits

02 Sep 2025, 12:05 PM

The top VC firm over the past year has seen a series of exits of its managing directors, including Shailesh Lakhani, Abheek Anand, Piyush Gupta.

Vertiv acquires Generative AI software firm Waylay

01 Sep 2025, 15:11 PM

The acquisition is part of Vertiv's continued investment in AI-driven monitoring and control technologies.

What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

01 Sep 2025, 12:02 PM

In today’s edition, we uncover the messy underbelly of India’s gaming ban and its deep ties to UPI; and can RBI’s FREE-AI framework finally push finance into the AI age?

Journalism was already dying — AI wasn't the culprit

01 Sep 2025, 11:48 AM

For this special edition, instead of dissecting business, we’re reflecting on something more personal — the state of journalism in the age of AI.

IRCTC enters payments where giants bleed; RIP of RIP in AI

01 Sep 2025, 11:45 AM

We dig into the payments ambitions of IRCTC; and the curious haste with which some social media “gurus” are declaring entire professions dead because of AI.

Fintech founders shaping policy; India on AI map?

01 Sep 2025, 11:41 AM

In today's newsletter we have our take on Sahil Kini's shift from startup founder to policymaker, and India's journey towards potentially becoming the third pole in the AI universe.

Reliance launches AI unit, strikes separate partnerships with Meta, Google Cloud

29 Aug 2025, 16:13 PM

Reliance Intelligence will pursue the business of setting up, acquiring, holding/investing in and promoting various ventures relating to AI.

Google to invest additional $9 billion to expand Virginia data center network through 2026

29 Aug 2025, 12:12 PM

Google's capital commitment is aligned with broader industry trends as technology corporations accelerate domestic data center construction to support the rapidly expanding AI sector in the US.

OpenAI's evaluation shows rival Anthropic' Claude models less hallucinatory

29 Aug 2025, 11:43 AM

However, in terms of jailbreaking evaluations Claude models performed less well compared to OpenAI o3 and OpenAI o4-mini.

Lenskart IPO: Franchisees complain to SEBI over disclosure lapses

28 Aug 2025, 16:18 PM

The complaint accuses Lenskart of suppressing details of criminal proceedings, misrepresenting financial records, and misleading investors in its IPO papers.

TransBnk raises $25 million in Series B funding led by Bessemer Venture Partners

28 Aug 2025, 12:25 PM

The fresh capital will be used for TransBnk's expansion into Middle East and Southeast Asia.

Elon Musk’s xAI, X sue Apple and OpenAI over antitrust claims

26 Aug 2025, 12:40 PM

The lawsuit is a build up to the long drawn dispute between Musk and OpenAI's Sam Altman.

OpenAI appoints ex Coursera exec Raghav Gupta as education vertical head for India, APAC

25 Aug 2025, 17:48 PM

The ChatGPT maker also announced the launch of OpenAI learning accelerator in India.

Meta strikes licensing deal with Midjourney

25 Aug 2025, 12:38 PM

Last month, Meta struck a deal to acquire PlayAI, a voice technology startup.

OpenAI warns against unauthorized investment vehicles

25 Aug 2025, 12:07 PM

The warning comes as investors have increasingly used SPVs to buy stake in AI startups.

OpenAI's chief people officer Julia Villagra steps down

22 Aug 2025, 12:43 PM

Prior to joining OpenAI, Villagra was board member at Tertulia Chamber Music, San Francisco-based chamber music series.

OpenAI set to open its first India office

22 Aug 2025, 12:16 PM

OpenAI has established a legal entity in India and has started hiring a local team.

Robotics startup FieldAI raises $405 million from Nvidia's VC arm, others

21 Aug 2025, 16:38 PM

The fresh capital will help the company for global expansion, product development across locomotion and manipulation and hiring.

Meta hits pause on hiring for AI division

21 Aug 2025, 15:32 PM

This hiring freeze comes after the company aggressively recruited over 50 AI researchers and engineers to bolster its capabilities in the competitive AI landscape.

At a Glance: ChatGPT dominates AI web traffic, Claude captures user time

21 Aug 2025, 13:28 PM

China's DeepSeek, which shook the AI industry after it launched a new AI tool in January this year, had only 2.7 billion web visits.

HDFC Bank invests in conversational AI company CoRover

20 Aug 2025, 18:18 PM

Ankush Sabharwal, founder & CEO of CoRover, said that the partnership with HDFC Bank signals a shared commitment to building AI that is sovereign.

Nvidia developing new, more powerful AI chip than H20 for China

20 Aug 2025, 12:04 PM

The new chip, which is tentatively called as B30A, will be single die in nature.

Exclusive: Stripe UPI collapse hits OpenAI's ChatGPT Go India launch

19 Aug 2025, 23:43 PM

The failure forced OpenAI to suspend UPI as a payment option, just hours after unveiling its ambitious India offering.

Weaver to raise $170 million from Lightspeed, Premji Invest, Gaja Capital

19 Aug 2025, 18:06 PM

The fresh capital will be used to accelerate technology platform development and expand into secondary and tertiary markets.

OpenAI launches new subscription plan in India at Rs 399 per month

19 Aug 2025, 11:45 AM

ChatGPT GO will come at 10x higher message limits, 10x more image generations, 10x more file uploads, and 2x longer memory compared with our free tier.

OpenAI employees looking to sell shares worth $6 billion to Softbank, others

18 Aug 2025, 12:29 PM

Thrive Capital and Dragoneer Investment Group are the other two investors which may buy shares from the ChatGPT maker's employees.

RBI committee proposes AI framework for financial services sector

14 Aug 2025, 18:41 PM

An RBI survey found that only a fifth of the financial entities were either using or developing AI.

xAI co-founder Igor Babuschkin steps down to launch own venture

14 Aug 2025, 15:04 PM

Babuschkin had joined xAI in May 2023. Prior to joining xAI, Babuschkin worked at DeepMind and OpenAI.

Anthropic acquires team behind Humanloop

14 Aug 2025, 14:04 PM

Humanloop, which was founded in 2020 as a University College London spinout, has raised $7.91 million in seed funding across two rounds.

Perplexity AI launches bold pitch to buy Google's Chrome for $34.5 billion

13 Aug 2025, 12:51 PM

Perplexity's ambitious bid represents more than double Perplexity's own $14 billion valuation as the company seeks access to Chrome's massive three billion user base.

AI unicorn Fractal Analytics files draft papers for IPO

13 Aug 2025, 12:23 PM

The IPO comprises of fresh issue of shares worth Rs 1,279 crore and an offer for sale (OFS) of Rs 3,620.7 crore by existing shareholders.

Nvidia, AMD agree to pay 15% of high-end AI chip revenue from China to US govt

12 Aug 2025, 11:37 AM

The deal will allow Nvidia to sell its H20 accelerators and AMD its MI308 chips to China.

xAI legal lead Robert Keele steps down

08 Aug 2025, 17:06 PM

Lily Lim, who, before becoming a lawyer, was a rocket scientist at NASA, will take over as the new legal head.

OpenAI launches 'smart', less hallucinating GPT-5

08 Aug 2025, 15:41 PM

OpenAI said that GPT-5 has made significant advances in reducing hallucinations, improving instruction following, and minimizing sycophancy.

Google launches personal learning companion tool in Gemini

07 Aug 2025, 19:09 PM

The new tool encourages students to move beyond answers and develop their own critical thinking skills.

Ex-Tesla executives launch AI startup DensityAI

07 Aug 2025, 18:22 PM

The company, known as DensityAI, is preparing to emerge from stealth mode and is currently in discussions to secure funding in the hundreds of millions range.

Rainmatter invests in former Zerodha advisor floated company

07 Aug 2025, 17:50 PM

This is Capitalmind's first institutional funding round and it comes after the launch of its mutual fund business.

Amazon hosts OpenAI models on AWS for first time

06 Aug 2025, 13:21 PM

OpenAI's open weight models will be available via Amazon Bedrock and Amazon SageMaker AI.

OpenAI introduces two open-weight AI reasoning models

06 Aug 2025, 10:36 AM

As part of the launch Microsoft is also bringing GPU-optimized versions of the gpt-oss-20b model to Windows devices.

IRDAI imposes Rs 5 crore fine on Policybazaar for regulatory violations

05 Aug 2025, 12:44 PM

A major violation involved the company's failure to inform regulators about key leadership personnel holding board positions at other firms.

ChatGPT set to hit 700 million weekly active users

05 Aug 2025, 11:41 AM

This milestone comes as the company is gearing to release its much anticipated GPT-5 model, the launch of which has already been delayed.

Apple creates new team to build ChatGPT-like app

04 Aug 2025, 12:15 PM

The new app could be a standalone app or offer search capabilities in Siri, Safari, and other Apple products.

Google rolls out Deep Think for Gemini app

01 Aug 2025, 22:18 PM

Google says Gemini 2.5 Deep Think outperforms AI models from OpenAI, xAI, and Anthropic on LiveCodeBench6, a challenging test of competitive coding tasks.

SiMa.ai raises $85 million led by Maverick Capital

01 Aug 2025, 21:48 PM

SiMa.ai founder and CEO Krishna Rangasayee said the funding will fuel the company's global expansion and accelerate the scale-up of its Physical AI.

PB Fintech revenue slips sequentially to Rs 1348 crore in Q1 FY26

01 Aug 2025, 14:20 PM

According to its consolidated financial results, PB Fintech reported a 50% quarter-on-quarter decline in net profit.

AI startup Anaconda raises $150 million in Series C led by Insight Partners

01 Aug 2025, 13:42 PM

The new funding, which values the startup at about $1.5 billion, will be invested in new AI features, strategic acquisitions, market expansion.

India, China fuel Asia’s GenAI app downloads to 684 million in H1 2025

31 Jul 2025, 16:49 PM

Users spent a massive 15.6 billion hours in these apps in the first half of 2025. This equates to more than 86 million hours each day.

OpenAI launches study mode in ChatGPT amid brain rot backlash

30 Jul 2025, 16:50 PM

Study mode is designed to be engaging and interactive, and to help students learn something and not just finish something.

Skild AI launches general-purpose AI model for multi-purpose robots

30 Jul 2025, 16:25 PM

The model, named Skild Brain, allows robots to think, navigate, and respond with human-like capabilities.

Groq nears $600 million funding at around $6 billion valuation

30 Jul 2025, 14:37 PM

Prior to this funding round, Groq had raised $640 million in August last year led by Blackrock.

Anthropic close to raising fresh funding at $170 billion valuation

30 Jul 2025, 14:18 PM

Iconiq Capital, a San Francisco-based investment group, is leading the round.

Zaggle buys Rio Money to enter credit card on UPI space

29 Jul 2025, 20:29 PM

Zaggle will leverage Rio Money's network of over 3,400 corporate customers to offer the co-branded Yes Bank Rio RuPay Credit Card to over 3.2 million users.