AI startup Krutrim has laid off 20-25 employees, or nearly 50% of its workforce, in a second round of restructuring this year, The Economic Times reported. The latest cuts have affected product and engineering teams at the Bhavish Aggarwal-led company. Earlier this year, Krutrim let go of employees in the sales, go-to-market and business operations teams.

Several Hugging Face-hosted AI image models can generate explicit deepfakes despite the platform's safety rules, non-profit AI Forensics reported. Researchers found that seven of nine most-used image-editing models generated explicit images when given simple prompts. AI Forensics also created demo apps to study user behaviour and recorded over 1,000 prompts in a week, 73% of which were explicit.

Swiggy has appointed former Myntra CEO Nandita Sinha to lead Instamart. She previously held leadership roles at Flipkart, Britannia Industries and Hindustan Unilever, spanning fashion, e-commerce and FMCG. After joining Flipkart 13 years ago, she led multiple business verticals before becoming Myntra CEO in 2022, steering the company to EBITDA profitability in 2024.

Unacademy's investors will get one seat on UpGrad's board as part of the companies' merger, The Economic Times reported. Deal has been valued at ₹1,955 crore, ₹100 crore lower than the earlier estimate of ₹2,055 crore, and is expected to close within three weeks. Gaurav Munjal will continue as Unacademy's CEO, while Airlearn will become part of the merged entity.

Nvidia CEO Jensen Huang took an apparent dig at OpenAI after the company's advanced AI models breached rival startup Hugging Face's internal systems during a cybersecurity test. Huang said, "During the Hugging Face incident, closed AI blocked essential forensics. An open-weight frontier model helped contain the intrusion." He made the remarks while launching the Open Secure AI Alliance.

Swiggy Instamart CEO Amitesh Kumar Jha has resigned to pursue other opportunities, marking the third senior-level exit at the quick-commerce arm in a month. The company has appointed former Myntra CEO Nandita Sinha as his successor, effective August 3. Last month, Swiggy Instamart COO Ankit Jain and CBO Hari Kumar had stepped down from their roles.

SNITCH has acquired women’s fashion brand Berrylush, marking its entry into the women’s apparel market. Berrylush will retain its identity while gaining SNITCH’s expertise in product development, technology, supply chain, marketing and omnichannel retail. The companies will build “BERRYLUSH 2.0”, focusing on product innovation, customer experience and expansion.

Anthropic CEO Dario Amodei said the company did not sign a letter opposing restrictions on Chinese open-weight AI models. He argued that such models are harder to control and could be misused for cyberattacks or biological threats by bad actors. Amodei also called for stricter AI safety testing and tighter US chip export controls to China.

South Korea's benchmark KOSPI plunged 10.17% on Tuesday, a day after Chinese company CXMT's shares debuted with a 470% premium on Shanghai's STAR Market. This resulted in heavy selling in SK Hynix and Samsung Electronics, which together make up more than half the index. A global chipmaker selloff also weighed on technology heavyweights across Asia and other major semiconductor markets.

Former UK Home Secretary and Conservative MP Priti Patel said India was "hugely angry" and felt "demoralised" over the UK's failure to extradite fugitive businessman Nirav Modi in the alleged ₹13,000-crore PNB fraud case. She claimed that as a result, Delhi "would really push back" on accepting illegal immigrants during her tenure. "He should be in prison...in India," Patel said.