Anthropic Reports $17 Billion Q3 Revenue, Warns on AI Speedup

Anthropic Q3 revenue hit $17 billion in its amended IPO filing, which also warns future Claude models may soon speed up AI research itself.

By Elets News Network

Innefu AI Flags ₹5,700 Crore GST Fraud Network of 1,500 Firms

Innefu GST fraud: the AI firm’s Prophecy Eagle I platform flagged a suspected ₹5,700 crore fake input tax credit network spanning 1,500 businesses.

By Elets News Network

Provision Labs Acquires Basilisk to Build Physical AI Hardware

Provision Labs Basilisk deal: Anjali Sardana’s physical AI venture buys the Mumbai hardware startup, making founder Shourya Watwani head of hardware.

By Elets News Network

Avanade Report: 75% of Indian Firms Yet to See AI Returns

Avanade AI report: 75% of Indian leaders say AI has not yet paid back its cost, even as 28% let generative AI run processes without human sign-off.

By Elets News Network

Agrani Labs in Talks to Raise $100 Million for AI Inference Chips

Agrani Labs is in talks to raise about $100 million for its AI inference chips from Stargazer, Google and Peak XV, at a $300-350 million valuation.

By Elets News Network

Amit Shah Assures Chiranjeevi, Ram Charan of AI Deepfake Curbs

Amit Shah assured Chiranjeevi and Ram Charan the Centre will urgently examine AI deepfake misuse against artists and bring stronger safeguards, penalties.

By Elets News Network

GitHub COO Says AI Agents Could Outnumber Developers on Platform

GitHub COO Kyle Daigle says AI agents could outgrow its 225 million developers as Copilot Fusion cuts AI costs and India nears 31 million developers.

By Elets News Network

Google Launches Dreambeans AI Story App in India in 13 Languages

Google has launched Dreambeans, its AI app that turns Gmail, Photos and Calendar activity into personal stories, in India with 13 languages.

By Elets News Network

India Is ChatGPT’s Biggest Market, Says OpenAI MD Prabhjeet Singh

India is now ChatGPT’s largest market by weekly users, with users doubling since January, says OpenAI India MD Prabhjeet Singh, as UPI payments plans near.

By Elets News Network

Vultr Launches 20 MW AI Supercluster in Chennai With 10,000 AMD GPUs, Targets 1 GW in India by 2029

Vultr has launched a 20 MW AI supercluster in Chennai with about 10,000 AMD MI355X GPUs and aims for 600 MW in India by 2028 and 1 GW by 2029.

By Elets News Network