Elon Musk, during his lawsuit alleging OpenAI ditched its mission of being charitable, said that it felt like a bribe when Sam Altman offered him to invest in the firm. The offer followed the news that Microsoft was potentially going to invest in OpenAI. Musk is seeking $150 billion in damages, with any award going to OpenAI's charitable arm.

Ather Energy CEO Tarun Mehta criticised the government’s production-linked incentive scheme for automobiles. He said the scheme puts emerging EV makers at a "13-16% cost disadvantage", despite investing heavily in capacity building. Under current norms, original equipment manufacturers must report at least ₹10,000 crore in global manufacturing revenue to qualify for the incentive.

OpenAI revealed that India has become the largest market for its ChatGPT Images 2.0 model, just weeks after its launch. OpenAI said the model is becoming part of India's internet culture and is gaining popularity among the youth. It noted that the model is largely being used for activities like enhancing photos, creating anime avatars, conceptualising outfits and generating blueprints.

Infosys CEO Salil Parekh said it is too early to assess the full impact of Anthropic's Mythos model on the IT services industry. He added that the company has not yet accessed the model but is in early discussions to understand its implications. Meanwhile, Indian analysts have flagged Anthropic’s Mythos model as a big leap in software engineering benchmarks.

Fintech startup Kissht raised ₹278 crore ahead of its ₹926 crore IPO in a round by HDFC Mutual Fund, ICICI Prudential Mutual Fund, Goldman Sachs and others. It allotted 1.62 crore equity shares at ₹171 apiece. The offering comprises a fresh issue of about 49.7 million shares for ₹850 crore and an offer-for-sale of 4.4 million shares worth ₹76 crore.

Elon Musk accused an OpenAI lawyer of "trying to trick" him during cross-examination in his lawsuit against the AI startup and CEO Sam Altman. When asked whether he received tax benefits from his donations to OpenAI, Musk compared the yes-or-no question to asking, "Have you stopped beating your wife?" The judge later intervened and halted the exchange.

GrowthSchool Founder, Vaibhav Sisinty, said that Claude generated a finance dashboard out of an Excel sheet for him in 55 minutes. The dashboard compared the budget vs actual spend, full-year forecast based on the quarter's performance and a valuation model with what-if scenarios. The tool automatically marked costs in red and revenue in green, remembering contexts without re-pasting, he said.

Hightouch, a startup having Indian-origin founders Tejas Manohar and Kashish Gupta, raised $150 million (over ₹1,400 crore) at a $2.75 billion (over ₹26,000 crore) valuation. It builds AI agents for marketers to create campaigns using cloud data, reducing the time required to switch between platforms. Agents running in enterprise AI like Claude, ChatGPT and Gemini can access Hightouch directly.

Anthropic is looking to raise about $50 billion in funding at an $850-$900 billion valuation, TechCrunch reported. The Claude maker last raised $30 billion at a $380 billion valuation in February. If the new round closes at this level, it could surpass OpenAI, valued at $852 billion in March, to become the world’s most valuable AI startup, the report added.

Cars24 Co-founder Gajendra Jangid is stepping down from his executive role at the used-car marketplace ahead of the company’s planned IPO. "After eleven years, I am stepping down from my role as Co-founder of Cars24," he said in a post on LinkedIn. His exit comes shortly after the departure of the company’s India used-cars CEO Himanshu Ratnoo earlier this year.