PM Narendra Modi spoke at the Bharat Innovates programme in France and said, "India is the 3rd largest start-up ecosystem." "In the past 11-12 years, India has created a strong innovation ecosystem, from patent filing to incubation networks, from Startup India to policy support...Our vision is not limited to big cities...we've worked to seep innovation to the grassroots," he added.

The US government on Friday issued an export control order restricting foreign nationals' access to Anthropic's most powerful AI models, Fable 5 and Mythos 5. The move came a day after Amazon flagged concerns about bypassing Fable's safety guardrails, POLITICO reported. Anthropic was asked to voluntarily remove Fable, but after it didn't commit to doing so, the order was issued.

SpaceX disclosed a bitcoin reserve worth about $1.29 billion in its IPO filing, making it the largest bitcoin holding linked to a public listing. The company said it owned 18,712 bitcoins, acquired for roughly $661 million. As of March 31, the holdings had nearly doubled in value, with SpaceX describing bitcoin as a strategic reserve for excess cash.

US President Donald Trump-led administration gave AI startup Anthropic "90 minutes" on Friday to pull its newly released AI models, Claude Mythos 5 and Claude Fable 5, before imposing restricting orders, several media outlets reported. "There was never any begging or asking for them to work with us, just a declared 90-minute deadline," a person familiar with Anthropic's position said.

Sarvam CEO Pratyush Kumar said countries should not confuse access to advanced AI models with genuine technological ownership after access to Anthropic's Fable 5 and Mythos 5 models was suspended for foreign nationals. He said the move highlights the importance of AI sovereignty. Anthropic said the restriction follows a US government export-control directive covering all foreign nationals.

HubSpot CTO Dharmesh Shah revealed that he invested in SpaceX IPO, the world's largest public offering that raised $75 billion. "Not because I confidently believe in the economics of SpaceX, but because I confidently believe in the brilliance and ambition of Elon Musk," Shah said. "I could be wrong, but I think we're going to see stellar results," he added.

Union Minister Jitendra Singh said India's startup ecosystem has grown from a few hundred startups in 2014 to 2.3 lakh, making it the world's third-largest startup hub. He said startups have created nearly 25 lakh jobs over the past decade and become a major contributor to economic growth. More than half of these ventures come from Tier-2 and Tier-3 cities.

Sam Bankman-Fried has lost his appeal to overturn his fraud conviction and 25-year prison sentence linked to the collapse of FTX. The court said he misled customers, investors, and regulators while assuring them FTX funds were safe even as he treated the exchange like a 'personal piggy bank'. He was convicted on seven felonies by a Manhattan jury in 2023.

Indian companies' cash reserves rose nearly 12% to surpass $200 billion (₹19.02 lakh crore) in FY26, Bloomberg data showed. Reliance Industries topped the list with cash and cash equivalents of ₹2.43 lakh crore as of March 2026, followed by Larsen & Toubro and Coal India. The increase in cash holdings was driven by cautious capital spending and lower dividend payouts.

The rapid adoption of AI features in smartphones, PCs and data centres is fuelling a surge in demand for memory chips, pushing RAM prices higher worldwide. Industry experts warn that rising memory costs could eventually lead to more expensive smartphones and consumer electronics, as manufacturers require larger RAM capacities to support advanced AI-powered applications and services.