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.
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.