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OpenAI launches first custom AI chip

OpenAI launches first custom AI chip 'Jalapeño' built with Broadcom

25 Jun 2026, 16:05 PM

The chip is the first in what it describes as a multi-generation compute platform

OpenAI’s Q1 cash burn hits $3.7 billion as it readies for IPO

OpenAI’s Q1 cash burn hits $3.7 billion as it readies for IPO

18 Jun 2026, 13:58 PM

OpenAI's cash and marketable securities increased to more than $73 billion at the end of the quarter from about $40 billion at the end of 2025, boosted by a funding round announced in March.

Anthropic confidentially files for IPO

Anthropic confidentially files for IPO

02 Jun 2026, 11:45 AM

The filing comes days after Anthropic raised $65 billion at a valuation of $965 billion, making it the world's most valuable AI startup ahead of OpenAI.

Money & Machines: One on 1Pay; Gen Z goes AI-First

Money & Machines: One on 1Pay; Gen Z goes AI-First

30 May 2026, 15:55 PM

We have a news development to report on from the payments ecosystem. And, we write how users aged 18-24 now account for nearly half of all ChatGPT messages in India.

Anthropic overtakes OpenAI as most valuable AI startup with $65 billion funding

Anthropic overtakes OpenAI as most valuable AI startup with $65 billion funding

29 May 2026, 14:05 PM

The funding round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.

Razorpay

Razorpay's IPO + Visa's appointment + AI-IT tieups

01 May 2026, 13:24 PM

We looked at Suresh Sethi's appointment at Visa; Razorpay's repositioning ahead of IPO; and how partnerships with players like OpenAI are helping Indian IT firms stay in the game...

OpenAI breaks free from Microsoft cloud exclusivity

OpenAI breaks free from Microsoft cloud exclusivity

28 Apr 2026, 13:04 PM

The new term will ease concerns nagging OpenAI after it had signed its up to $50-billion deal with Amazon earlier this year.

OpenAI and Infosys partner to scale AI across enterprises

OpenAI and Infosys partner to scale AI across enterprises

23 Apr 2026, 11:04 AM

OpenAI has partnered with other Indian IT firms, including HCLTech and TCS, while Infosys has a separate collaboration with Anthropic.

OpenAI acquires AI personal finance startup Hiro

OpenAI acquires AI personal finance startup Hiro

14 Apr 2026, 11:26 AM

OpenAI has been positioning ChatGPT as useful for business finance teams, so bringing in specialized talent makes strategic sense.

Razorpay partners with OpenAI to bring payments to Codex

Razorpay partners with OpenAI to bring payments to Codex

06 Apr 2026, 15:02 PM

This will allow the developers on Codex to add payments system by enabling Razorpay's MCP Server while building an app.

OpenAI raises $122 billion at post-money valuation of $852 billion

OpenAI raises $122 billion at post-money valuation of $852 billion

01 Apr 2026, 12:33 PM

SoftBank co-led the round with a16z, D. E. Shaw Ventures, MGX, TPG, and accounts advised by T. Rowe Price Associates.

OpenAI hires JioStar CEO Kiran Mani to head Asia-Pacific biz

OpenAI hires JioStar CEO Kiran Mani to head Asia-Pacific biz

25 Mar 2026, 17:22 PM

Mani will join in June, relocate to Singapore, and report to Chief Strategy Officer Jason Kwon.

OpenAI says goodbye to Sora

OpenAI says goodbye to Sora

25 Mar 2026, 12:12 PM

By February, downloads of Sora had dropped to about 1.1 million from the peak of 3.3 million in November last year.

OpenAI

OpenAI's robotics exec quits over Pentagon deal

09 Mar 2026, 11:35 AM

Kalinowski had joined OpenAI in November 2024 to develop AI-powered robotics and consumer hardware products.

OpenAI launches

OpenAI launches 'most capable and efficient frontier model' GPT-5.4

06 Mar 2026, 12:22 PM

The Sam Altman-led startup has also launched GPT‑5.4 Pro in ChatGPT and the API.

OpenAI raises $110 billion from Amazon, Softbank, Nvidia

OpenAI raises $110 billion from Amazon, Softbank, Nvidia

02 Mar 2026, 12:12 PM

The Sam Altman-led AI startup also said that additional investors are expected to join as the round progresses.

ONDC confused me for years — now AGI is confusing everyone

ONDC confused me for years — now AGI is confusing everyone

29 Nov 2025, 10:07 AM

In this edition, we write about ONDC, an experiment still thriving mostly inside Bengaluru's walls; and AGI timeline shifts.

Bankers Test the Market; OpenAI Tests the Law + Funding Exclusive

Bankers Test the Market; OpenAI Tests the Law + Funding Exclusive

17 Nov 2025, 13:07 PM

Today, we look at why India must urgently rewrite its copyright playbook in the age of OpenAI’s open seduction; and amid this two-week tech IPO carnival, who wins?

India

India's Banking Redux; In AI's world, you're the lunch that's free

17 Nov 2025, 13:04 PM

In today’s edition, we look decode the banking redux underway; and how AI companies are luring India’s billion internet users with “free” tools.

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

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.

Who Reads Us

Fintech Highlights

  1. Actis sells additional stake in Pine Labs worth Rs 371 crore

  2. Skydo gets payment licence in Canada

  3. Telangana CID arrests Worldline executive in multi-crore Falcon fraud case

  4. ED raids Safexpay, Decentro, others in online investment fraud probe

  5. PhonePe says dormant wallet fee will not impact UPI, bank accounts
  6. Read more news...

AI/Emerging Tech

  1. Adobe buys Topaz Labs to boost AI photo, video editing

  2. Amazon to invest $13 billion more for India AI, cloud expansion

  3. Anthropic strengthens Europe expansion with appointment of Orange AI chief

  4. OpenAI launches first custom AI chip 'Jalapeño' built with Broadcom

  5. JustAI secures $17 million in Series A funding led by Base10
  6. Read more news...

IPO Tales

  1. Zepto IPO: Can this cash-hungry quick commerce model turn profitable?

  2. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

  3. Shiprocket IPO: A profitable core, costly emerging bets

  4. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test
  5. Read more news...

Money & Machines

  1. Money & Machines: MobiKwik's Third Lending Act; The Entry-Level Squeeze

  2. Money & Machines: RBI's quiet signals; Tamil Nadu's AI act

  3. Money & Machines: One on 1Pay; Gen Z goes AI-First

  4. Money & Machines: Project UPI Meta is back; A case for industrial AI
  5. Previous editions...

PE/VC Tales

  1. Zetwerk-backer Kae Capital sees more exits in next 12 months, says AI startup valuations high

  2. Micro VCs: Fueling India's startup pipeline or distorting it?

  3. Inside the fintech and financial services bets of Peak XV, Accel, Elevation

  4. Enterprise bets pay off as Arali Ventures eyes ‘larger’ third fund
  5. Read more news...

Editor's Pick

  1. Exclusive: Reserve Bank of India cracks down on misuse of education payments

  2. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  3. The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]