AI Startups
OpenAI Targets $125 bn Revenue by 2029
It currently serves 500 million weekly active users and over three million paying business customers
The Left Shift Bureau
The Left Shift Bureau brings you sharp, original reporting and analysis on India’s AI and technology ecosystem—covering startups, enterprise AI, innovators, funding, products and the people shaping what comes next.
Startups
IIT Delhi Incubated Startup Vecmocon Raises $18 mn to Expand Market Presence
A portion of the funding will also support team expansion and the establishment of international-standard R&D infrastructure
AI Startups
Elon Musk’s xAI Forecasts $13 bn Earnings by 2029
xAI anticipates reaching $1 billion in gross revenue by year-end.
AI Startups
OpenAI Challenges Court Order to Preserve ChatGPT Logs in NYT Copyright Lawsuit
The company argues the directive undermines its user privacy commitments.
AI Startups
Meta Eyes Massive $10 Bn Deal with Scale AI to Boost Its AI Ambitions
Founded in 2016 by Alexandr Wang, Scale AI achieved $870 million in revenue in 2024
Expansion
First Citizens BancShares, Inc. Deepens Investment in India with New Office in Bengaluru
First Citizens Bank is one of the top 20 banks in the United States, with more than $200 billion in assets and over 17,000 associates worldwide.
Research
Apple Finds AI Is Great at Pretending to Think—But Not Much Else
The study challenges the prevailing belief that such models truly “think” like humans
Transport
ONDC-Powered Namma Yatri hits 100 Million Rides
The platform allows drivers to offer safe, affordable, and convenient services directly to citizens
Leadership Moves
Dell Names Manish Gupta as India MD Amid AI Expansion Push
Gupta, based in Bengaluru, will oversee Dell’s growth and sales strategy across India.
AI Startups
Perplexity Handled 780 mn queries in May, CEO Aravind Srinivas Says
The startups expects to hit a billion queries a week within a year
Policies
OpenAI to Train One Million Teachers in Generative AI Across India
Educational content will be shared via the FutureSkills and iGOT Karmayogi platforms.
Robotics
Amazon’s Secret Lab126 Builds AI-Powered Robots and Smart Maps
Amazon also revealed plans for advanced mapping tools aimed at delivery drivers.