Anthropic is set to hit a valuation of $900 billion, surpassing its rival OpenAI, after agreeing to the terms of a $30-billion fundraising round, Financial Times reported. The Dario Amodei-led AI startup had hit a $380 billion valuation in February. Amodei was the VP of Research at OpenAI but reportedly left due to differences with its CEO Sam Altman.

Hyderabad-based startup CEO Radha Krishna Kavuluru said India's IT sector getting one-day WFH can save 60 lakh litres of petrol, equalling ₹15,000 crore savings/year. He calculated based on the average office commute being 15 km at 45 kmpl mileage, and assuming Indian IT workforce to be 90 lakh. Some users blamed government for price hikes, while others supported Kavuluru's calculation.

Ride hailing platform Rapido has raised $240 million in a fresh primary funding round led by Prosus, valuing it at $3 billion. Existing investors including WestBridge Capital and Accel also participated. The funding is part of a larger $730 million primary and secondary financing exercise. Its operating revenue rose to ₹934 crore in FY25 from ₹648 crore in FY24.

A US judge sought more details on Anthropic's proposed $1.5 billion settlement with authors who accused the company of using their books to train its AI chatbot, Claude. The judge did not grant final approval to the deal during a hearing in San Francisco. She has asked for additional information on issues including lawyers' fees and payments to lead plaintiffs.

Wealthtech startup Scripbox plans to raise up to ₹170 crore through a mix of equity and debt funding, Entrackr reported. Its board has approved a proposal to raise up to ₹60 crore from select friends and family investors for an IPO. This comes as the company explores acquiring the mutual fund distribution business of a Delhi-based Independent Financial Advisor (IFA).

Leaders of three major US public pension systems have raised concerns over SpaceX's "extreme" ownership and control structure ahead of its IPO, Reuters reported. In a letter to founder and CEO Elon Musk, they said the company's governance model could weaken shareholder protections. The officials also objected to the level of control the board has granted Musk over the company.

OpenAI has added its coding tool Codex to the ChatGPT mobile app as competition rises in the AI code-generation market. The feature, earlier launched as a desktop app in February, is now rolling out in preview for iOS and Android users. OpenAI is competing with Anthropic, whose Claude tool has gained popularity among developers.

US-based retailer Walmart has asked ecommerce firm Flipkart to defer its initial public offering (IPO) plans and focus on achieving EBITDA breakeven by the end of FY27, Moneycontrol reported. The decision was taken during Walmart CEO and President John Furner's visit to Bengaluru last week. This marks the second delayed India IPO for Walmart after PhonePe.

Multiple videos surfaced showing the world's richest man, Elon Musk, arriving with his son, X Æ A-Xii, at a high-level diplomatic reception for Donald Trump and Xi Jinping in Beijing. Musk dressed X in a blue Chinese-style silk vest as they both held hands, the visuals of which went viral in China. Musk later revealed that X is learning Mandarin.

Luxury brand Louis Vuitton is selling fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III. The two buyers agreed to each pay $425 million to jointly buy the brand and equally split ownership. This move marks a significant step in LVMH's efforts to streamline its fashion and retail portfolio amid Iran war.