Artificial Intelligence

OpenAI to acquire product testing startup Statsig

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

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.

What India

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

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

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?

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

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

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

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.

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

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 warns against unauthorized investment vehicles

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

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

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.

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

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

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.

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

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

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

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.

Apple creates new team to build ChatGPT-like app

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.

Fintech Highlights

  1. ADIA sells entire stake in MobiKwik

  2. InCred Money launches new scheme to invest in digital gold and silver

  3. Slice appoints former RBI executive Eugene Karthak as part-time chairman, independent director

  4. ADIO signs MoU with Ant International to strengthen Abu Dhabi's fintech ecosystem

  5. BharatPe partners with Unity Small Finance Bank for EMI-driven credit card
  6. Read more news...

AI/Emerging Tech

  1. OpenAI to acquire product testing startup Statsig

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

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

  4. Vertiv acquires Generative AI software firm Waylay

  5. Tessolve raises $150 million from TPG
  6. Read more news...

Money & Machines

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

  2. Journalism was already dying — AI wasn't the culprit

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

  4. Fintech founders shaping policy; India on AI map?

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality