Hyundai Motor Group plans to acquire SoftBank Group's remaining 9.65% stake in Boston Dynamics for $325 million, aiming to make it a wholly owned subsidiary, South Korea's Maeil Business Newspaper reported. It is expected to hold a board meeting on June 22 to approve the deal. The move follows SoftBank's decision to exercise its put option to sell its stake.

European startup Squeez Labs revealed CrankGPT, a private AI voice-based chatbot that aims to make AI usage cost-effective and less resource-intensive. CrankGPT has no batteries and only works when users manually rotate a pedal attached to it. Squeez said the pedal gets harder to rotate when CrankGPT thinks harder, like when it undertakes speech synthesis and LLM inference at once.

A consumer commission in Nellore ordered Lenskart to pay ₹20,000 in compensation and litigation costs for failing to honour a "buy one get one free" offer. A customer who paid ₹3,000 for glasses received only one pair instead of the promised two. After Lenskart refunded only half the amount, customer approached commission, which termed the conduct an unfair trade practice.

A nearly completed Sam Altman biopic that portrays the OpenAI CEO in a negative light has been dropped by its distributor, Amazon. Directed by Luca Guadagnino, the movie 'Artificial' stars Andrew Garfield as Altman. Amazon's decision comes months after the company deepened its ties with OpenAI by committing $50 billion in investment to the AI startup.

Indian startups raised over $350 million between June 12 and June 18, led by investments in AI, consumer health, and recycling ventures, as per Tracxn. Funding more than doubled from $141.3 million in the previous week, highlighting strong investor interest. It was driven by major rounds including Sarvam's $234 million raise and Equal's $30 million funding.

The secret retreat hosted annually by billionaire Peter Thiel includes moderated sessions for its attendees, which include top technology, business and government leaders, WIRED reported. The sessions include "Money (does?) buy happiness", "Bring back nuclear", "Navigating WWIII" and "How's your sex life?". The retreat, which promises off-the-record conversations, is scheduled in August this year.

Tata Consultancy Services is losing its valuation edge over peers as a recent sell-off, sparked by Accenture's weak fourth-quarter outlook, weighed on its stock. Bloomberg data shows TCS trades at 13.5 times one-year forward earnings, close to Wipro's 13.1 times. HCL Technologies commands the highest multiple at 15.4 times, while Infosys trades at a similar level to TCS.

Andhra Pradesh government has discovered large reserves of gold at Jonnagiri village in Kurnool district. The government said it has identified four promising areas for gold mining in Jonnagiri, Ramagiri, Javvakula and Chigurukunta Bisnatam. "Our estimate is that 50 tonnes of gold are available in Jonnagiri alone," it added, noting that Andhra is expected to become India's largest gold supplier.

A Reddit user accidentally purchased put contracts on Accenture instead of AECOM due to a spelling error regarding their ticker symbols, ACN and ACM. The trader purchased 10 contracts of ACN June 18, 2026 $150 put options. After Accenture cut its growth forecast, its shares crashed on June 18, helping the trader realise 3,000% profit over a fat-finger mistake.

Shipping activity through the Strait of Hormuz climbed to its highest level in two months after the US and Iran agreed to reopen the key waterway under a ceasefire deal. According to AXSMarine, 25 commercial vessels transited the strait on Thursday. Iranian forces had shut the Strait following US and Israeli attacks that triggered the conflict on February 28.