Ishaan Mukherjee

UK startup builds AI brain that teaches robots complex skills in days

Humanoid, a UK robotics startup, has unveiled an AI brain called KinetIQ that can teach humanoid robots complex physical skills in just a few days. The company says its Vision-Language-Action model enables machines to learn faster through simulation and real-world training, at human speed. The firm targets industries, including logistics, manufacturing, warehouses, and automotive suppliers.

May 7th, 2026

UK startup builds AI brain that teaches robots complex skills in days

Ishaan Mukherjee

Astrocade, a California-based startup that allows users to create and play games using AI, has raised $56 million (over ₹528 crore) in a round led by Sequoia Capital. The social gaming platform lets users create playable games using simple text prompts. It generates art, animation, music, and gameplay automatically, allowing users to instantly publish and share games.

May 7th, 2026

Startup that lets people create games using AI raises ₹528 crore

Ishaan Mukherjee

OpenAI was found to violate multiple Canadian privacy laws following an investigation conducted by Canada's Privacy Commissioner and other state regulators. This investigation revealed that the firm collected and used personal data while training its models, including ChatGPT, without adequate consent. In response, the firm committed to better transparency and improved options for consent.

May 7th, 2026

OpenAI violated Canadian privacy laws while training ChatGPT: Report

Mansi Agarwal

Elon Musk told then-OpenAI board member Shivon Zilis to stay "close and friendly" with the startup after he left its board in 2018. "We're going to actually try to move three or four people from OpenAI to Tesla," Musk had also said. When asked about the exchange during a trial, Musk said he "wanted to know what was going on".

May 7th, 2026

Stay close to OpenAI, try moving people to Tesla: Musk told Shivon after leaving startup

Ishaan Mukherjee

Gurugram-based startup Armory has secured a ₹100-crore contract from Ministry of Defence for the production and deployment of its Counter-Unmanned Aerial System (C-UAS), SURGE. The system detects, tracks, and neutralises rogue drones by using AI to scan environments. It can scan for millions of times/second and learn new radio frequency signatures to update its threat library.

May 7th, 2026

Armory gets ₹100-cr order from Defence Ministry for AI aircraft system

Mansi Agarwal

China's Moonshot AI, the startup behind Kimi chatbot, has raised around $2 billion in funding at a $20 billion valuation, according to financial advisor Huafeng Capital. The round was led by food delivery company Meituan's VC arm, with Tsinghua Capital, China Mobile and CPE Yuanfeng among other investors. Moonshot was reportedly valued at $4.3 billion at the end of 2025.

May 7th, 2026

Chinese AI startup Moonshot hits $20 billion valuation

Ishaan Mukherjee

Elon Musk’s brain chip venture, Neuralink, revealed a surgical robot designed to reach any region of the brain. The surgical robot operates like a micro-sewing machine designed to insert ultrathin threads containing electrodes into the brain tissue to detect and transmit electrical signals from neurons. It navigates around blood vessels using advanced cameras and sensors to prevent scarring.

May 7th, 2026

Elon Musk's Neuralink builds robot that can reach any brain region

Vaishnavi Mishra

Financial services platform Incred has filed its updated draft red herring prospectus (DRHP) with SEBI. The IPO size is likely to be around ₹3,000 crore and may value the firm at up to ₹15,000 crore, Mint reported. The offering comprises a fresh issue of equity shares totalling ₹1,250 crore. InCred may consider a pre-IPO fundraise of up to ₹250 crore.

May 7th, 2026

InCred to launch ₹3,000 cr IPO at ₹15,000 crore valuation: Report

Anushka Singh

Paytm-parent One97 Communications has ruled out plans to apply for a non-banking financial company (NBFC) licence. "We're not super excited about going for an NBFC licence," Paytm President Madhur Deora said on Thursday. RBI last month cancelled the banking licence issued to Paytm Payments Bank for non-compliance, and said that its affairs were conducted in a detrimental manner.

May 7th, 2026

Paytm won't apply for NBFC permit after RBI's banking licence cancellation

Jessica Rajan

Used-car platform Cars24 reduced its adjusted EBITDA loss to ₹200 crore in FY26 from ₹475 crore a year ago, according to Founder and CEO Vikram Chopra. The company's adjusted net revenue rose 27% year-on-year to ₹1,411 crore. The update comes shortly after two of its Co-founders, Mehul Agrawal and Gajendra Jangid, stepped back from executive roles.

May 7th, 2026

Cars24 adjusted EBITDA loss narrows 58% in FY26, revenue grows 27%

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