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
Perplexity Handled 780 mn queries in May, CEO Aravind Srinivas Says
The startups expects to hit a billion queries a week within a year
Reddit Sues Anthropic Over Alleged Unauthorised Use of User Data for AI Training
Reddit is also seeking a court injunction to bar Anthropic from further using its content
Bengaluru-Based Ringg AI Raises $1 mn to Build Voice-First Future for Businesses
The funding will fuel product development, team expansion, and research into advanced voice technologies.
Deccan AI Announces Funding to Fuel Market Expansion
The company supports the frontier model work of leading AI companies such as Google and Snowflake.
AI Developments
OpenAI Plans Major Overhaul of ChatGPT Into AI ‘Super Assistant’
The unredacted sections suggest this assistant will combine deep personalisation, multimodal interfaces, and agentic task capabilities.
AI Startup Builder.ai Faked Revenue Deal With India's VerSe Innovation
The startup revealed plans to file for insolvency in May after lenders froze its funds.
DeepSeek Releases an Updated R1 Model on Hugging Face
Although DeepSeek described it as a “minor” upgrade, the model is notably large, boasting 685 billion parameters
Elon Musk is Paying $300 mn to Bring Grok to Telegram
Telegram will receive 50% of all revenue generated from xAI subscriptions purchased within the app
AI Startups
Anthropic Rolls Out Voice Mode for Claude Chatbot
Users can toggle between text and voice, choose from five voice options