Space technology startup SatLeo Labs launched a new satellite-powered platform in Gujarat's Ahmedabad to help Indian cities track and combat rising temperatures in severe summers. Using thermal imaging, AI and Low Earth Orbit satellite data, the system identifies heat hotspots and vulnerable zones in real time. Ahmedabad Municipal Corporation began to use platform for heatwave response planning.

Greg Brockman, OpenAI President, will now lead the company's product strategy in addition to overseeing AI infrastructure, Wired reported. OpenAI is also merging ChatGPT, its AI coding agent Codex, and its developer-facing API into a single core product team. The restructuring comes amid intensifying competition from Anthropic and Google, alongside growing speculation about an IPO later this year.

Ola Electric will invest ₹2,000 crore in its subsidiaries Ola Electric Technologies (OET) and Ola Cell Technologies (OCT) to strengthen its EV and battery cell manufacturing businesses. The company's board has approved an infusion of ₹1,500 crore into OET and ₹500 crore into OCT through compulsory convertible preference shares. The funding will support its operational and business needs, it said.

OpenAI has introduced a new Personal Finance feature inside ChatGPT. The tool allows users to connect their financial accounts and use the AI assistant to understand spending habits, subscriptions, investments and financial goals. The feature is currently available in preview mode for Pro users in the US and will be expanded further after testing.

Lightrock has launched Accelerate7, a $500 million fund focused on clean energy sectors such as electric mobility, energy storage, and electricity access. The fund will back growth-stage startups across South Asia, Southeast Asia and Sub-Saharan Africa with investments ranging from $10 million to $50 million. In India, Lightrock has invested in startups including Shiprocket, MediBuddy, and Porter.

SpaceX is aiming to go public on Nasdaq as early as June 12, Reuters reported. The company is expected to release its prospectus next week, begin its IPO roadshow around June 4, and launch its share sale by June 11. The listing could kick off a busy IPO season that may also include AI firms OpenAI and Anthropic.

Innovaccer has fired 340 employees, marking the Noida-based healthtech unicorn's third round of layoffs in just four years, Inc42 reported. The layoffs hit employees in India and US and were undertaken due to Innovaccer's transition to an AI-native startup. The US-headquartered startup said the layoffs are part of its plans to become "lean, fast and focused".

The Supreme Court in Nepal has blocked the Balen Shah-led government's order imposing customs duty on daily consumable goods worth over NPR 100 (₹62) brought via the Indo-Nepal border. The court announced its decision on a writ petition challenging the order, claiming it violated the country's Customs Duty Act, 2024. The order had triggered public criticism against the 'Gen-Z' government.

Nearly $1 trillion was erased from US equities within the first five minutes of trading, led by declines in tech and chip stocks. Intel and Nvidia's shares fell 6% and 3%, respectively, while AMD and Micron dropped 3% and 5%. The decline came after US President Donald Trump and Chinese President Xi Jinping's talks ended without major semiconductor trade announcements.

Microsoft completed legal paperwork within 24 hours for an emergency plan to absorb OpenAI's top leadership after CEO Sam Altman was fired in 2023, Microsoft CEO Satya Nadella told a US court. The Windows-maker's new subsidiary estimated it'd cost $25 billion to hire Altman, Greg Brockman and other OpenAI employees. The plan wasn't carried out as Altman was soon rehired.