India doubles down on state-backed venture capital, approving $1.1B fund
India’s $1.1B fund-of-funds will invest through private VCs to support deep-tech and manufacturing startups.
Nothing opens its first retail store in India
The two-story location will sell products from Nothing and the more affordable, mass-market brand CMF.
Indian pharmacy chain giant exposed customer data and internal systems
A backend flaw in web admin dashboards used by one of India’s largest pharmacy chains, exposed thousands of online pharmacy orders.
Airbnb plans to bake in AI features for search, discovery and support
Airbnb CEO Brian Chesky said the company wants to increase its use of large language models for customer discovery, support and engineering.
Airbnb says a third of its customer support is now handled by AI in the US and Canada
Airbnb was poised to introduce an app that doesn’t just search for you, but one that “knows you.” CEO Brian Chesky said, “It will help guests plan their entire trip, help hosts better run
Fintech lending giant Figure confirms data breach
The company said hackers downloaded “a limited number of files” after breaking into an employee’s account. The hacking group ShinyHunters took responsibility for the breach.
Why top talent is walking away from OpenAI and xAI
AI companies have been hemorrhaging talent the past few weeks. Half of xAI’s founding team has left the company — some on their own, others through “restructuring” — while OpenAI is facing its own shakeups, from
Sex toys maker Tenga says hacker stole customer information
The Japanese sex toy maker said a hacker broke into an employee’s inbox and stole customer names, email addresses, and correspondence, including order details and customer service inquiries.
OpenAI removes access to sycophancy-prone GPT-4o model
The model is known for its overly sycophantic nature and its role in several lawsuits involving users’ unhealthy relationships to the chatbot.
India partners with Alibaba.com for export push despite past China tech bans
India turns to Alibaba.com’s B2B network of 50 million buyers in 200 countries to help businesses scale global exports.