Snap, the parent firm of Snapchat, acquired augmented reality (AR) startup Illumix to deepen its presence in spatial computing and wearable technology. Snap will integrate Illumix's mapping and AR capabilities into its product ecosystem, particularly its smart glasses initiative, Specs, as per Variety's report. Snap will also retain most of Illumix’s staff, the report said.

The wealth of seven co-founders of Anthropic has surged to around $15.5 billion (₹1.47 lakh crore) each after its valuation hit $965 billion (₹92 lakh crore), reported Forbes. These include sibling duo Dario and Daniela Amodei, along with Jack Clark, Sam McCandlish, Chris Olah, Tom Brown and Jared Kaplan. According to Forbes, they each own over 1.6% stake in Anthropic.

Elon Musk-led SpaceX has barred investors in China and Hong Kong from participating in the company's planned initial public offering, Bloomberg reported. Banks managing the IPO made the decision due to regulatory and compliance concerns. SpaceX, which kicked off marketing roadshows on Thursday, is reportedly targeting a valuation of around $1.8 trillion for its IPO.

Acclaimed filmmaker Martin Scorsese has joined Germany-based AI image-generation startup Black Forest Labs as a partner and adviser, The New York Times reported. The firm develops AI tools that generate images and videos from text prompts. Scorsese said he plans to use the technology only for storyboarding and visual planning, not for creating final movie footage, according to the report.

Apple has approved startup Poke as the first AI agent on its Messages for Business platform, enabling users to interact with an AI assistant directly through iMessage. Poke already offers interaction with AI assistants through text messages over SMS, Telegram, and in some markets, WhatsApp. Messages for Business was originally designed to help companies communicate with customers through iMessage.

Security researcher Taylor Hornby used Anthropic's Claude to uncover flaws in privacy token Zcash that had remained hidden for four years and could've allowed the creation of unlimited money. Zcash's privacy design makes it impossible to know if any fake Zcash tokens were minted. The news caused Zcash token to crash over 50%, wiping off $5 billion (₹47,500 crore).

India's real gross domestic product (GDP) grew by 7.8% in the January-March quarter, as per the data released by the government on Friday. Nominal GDP growth for the quarter stood at 9.1%. For the fiscal year ended March 2026, the government estimated real GDP growth at 7.7%, while nominal GDP expanded 8.9%.

The listing of Tata Sons remains uncertain as Reserve Bank of India Governor Sanjay Malhotra said the regulator is preparing a revised list of upper-layer non-banking financial companies (NBFCs). Tata Sons had applied for de-registration as an upper-layer NBFC in 2024. Last week, Tata Trusts chairman Noel Tata wrote to the RBI opposing the company's listing.

Strategy, the world's largest corporate holder of Bitcoin, is facing an unrealised loss of roughly $10.8 billion across its Bitcoin treasury. The company holds 8,43,706 bitcoins, with a current valuation of $53 billion, down from a cost basis of $63.8 billion. That gap, roughly 17% below what the company paid, has sent its stock tumbling 77% from its all-time high.

A Pune-based employees' body has urged the Maharashtra government to intervene in alleged large-scale IT job scams targeting freshers. In a letter, it described seven firms as fake companies that allegedly exploited unemployed youth. It named Flynaut SaaS, Accure Tech, Thynk Tech, Quantamsoft, GTasterix, Radiant Technology and Kavya Tech, claiming around 4,100 freshers were affected.