Anthropic has released Claude Fable 5, its latest and most powerful AI model ever, which is state-of-the-art in nearly all tested benchmarks of AI capability. Fable 5 is based on Claude Mythos, the AI model that had caused a global equity bloodbath and spooked governments. Some of Fable 5's responses will come from Claude Opus 4.8 due to safeguards.

Elon Musk has unveiled the design of SpaceX's AI1 satellite, the company's first orbital AI data centre. The satellite features a rack of AI chips powered by large solar panels and cooled by liquid radiators. AI1 will have 150 kW of peak computing power and a wingspan of 70 metres, making it the largest satellite ever launched by SpaceX.

House of Creators founder Jatin Saini recalled rejecting a candidate for coming to an interview despite having cold. Saini said he told her to reschedule interview, adding, "She said, 'It's fine' and that was the problem." He said the candidate's decision indicated an inability to "read her own state", due to which he cannot "trust" her with the job.

Kimi, developed by China's Moonshot AI, has launched an AI agent tool called Work for desktops that can let up to 300 AI agents work in parallel locally to complete tasks. It can directly interact with local files, automate browser tasks, run scripts in the background, and execute complex workflows autonomously. The app is available for both Windows and macOS.

An Indian entrepreneur revealed his US visa was denied, with the consulate citing "insufficient ties to home country" as reason. "I built a Series A company, employ 100+ people, have backing from top VCs and investors...and serve millions...of...Indian...families...through our brand," he wrote. According to Tracxn, his company Kidbea had annual revenue of ₹41.1 crore as on March 31, 2025.

Ather Energy is set to consider a fresh fundraise, with its board scheduled to meet on June 12. The company informed NSE and BSE that it may raise funds through multiple instruments, including equity shares, foreign currency convertible bonds (FCCBs), non-convertible debentures (NCDs), warrants, or other convertible securities. The move aims to explore various financing options for growth.

Navi Technologies, founded by Flipkart's Sachin Bansal, is in talks to raise $250-300 million from Prosus and Accel Growth Fund at a valuation of $1.8-2 billion, The Economic Times reported. The capital is expected to support the expansion of its lending operations in Southeast Asia. The fundraising comes after regulatory challenges and a pivot away from its earlier IPO plans.

AI startup Perplexity plans to go public in 2028 irrespective of how investors respond to the upcoming listings of Anthropic and OpenAI, CEO Aravind Srinivas told CNBC. OpenAI confidentially filed for a US IPO on Monday, while Anthropic filed last week. "I think it's important for the AI industry that these IPOs go well," said Srinivas.

Zepto CFO Ramesh Bafna received 138.3 million stock options during FY26, while chief business officer Devendra Meel and CPO Ankit Agarwal received 51.9 million and 13.2 million stock options, Moneycontrol reported. It added 246.5 million options to its ESOP pool ahead of its IPO. However, number of employees receiving grants declined to 1,725 in FY26 from 2,351 a year earlier.

Gagan Goyal, General Partner at India Quotient, has stepped down and will leave the early-stage venture capital firm in the coming weeks, Moneycontrol reported. The move follows the confidential filing of one of his key portfolio companies, Kuku FM, for a ₹3,500 crore IPO. It also comes amid a broader trend of senior-level exits across venture capital firms.