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Nebius to buy Eigen AI for $643 million to boost inference and US expansion
Amsterdam-based Nebius is acquiring Eigen AI for approximately $643 million. This strategic move aims to enhance Nebius' production-grade artificial intelligence capabilities and expand its United States operations. The deal will integrate Eigen AI's inference and optimization technology into Nebius
OpenAI introduces security feature removing passwords, SMS and email recovery
OpenAI has introduced Advanced Account Security for ChatGPT users, replacing passwords and SMS recovery with stronger authentication methods. The post OpenAI introduces security feature removing passwords, SMS and email recovery appeared first on MEDIANAMA.
MemPalace Explained: Building Long-Term Memory for AI Agents Beyond RAG
Modern AI systems struggle with memory. They often forget past interactions or rely on Retrieval-Augmented Generation (RAG), which depends on constant access to external data. This becomes a limitation when building assistants that need both historical context and a deeper understanding of users. Me
MeitY’s Section 69A order blocked anti-gambling app Gamban for 3 years; no reasons shared
Gamban, a UK-based anti-gambling app, says India blocked it under Section 69A without clear orders or reasons. MeitY cites privacy concerns, while the company calls the move arbitrary and legally unfounded. The post MeitY’s Section 69A order blocked anti-gambling app Gamban for 3 years; no reasons s
[Weekly funding roundup April 25-May 1] VC inflow records a sharp rise
Indian startup funding bounced back to $219 million across 18 deals in the last week of April, led by mid-sized transactions and broader sector participation.
Tim Cook ‘over the moon’ on India as iPhone powers Apple growth
Apple CEO Tim Cook highlighted India’s rising middle class as the iPhone maker delivered strong double-digit growth, record revenue, and expanding services, despite supply pressures and intensifying AI competition.
Pentagon reaches agreements with leading AI companies
The Pentagon has struck deals with seven major AI firms. These companies will integrate their advanced AI into the Defense Department's secure networks. This move aims to boost data analysis and improve decision-making for soldiers. It signals a shift towards an AI-first military. Meanwhile, Anthrop
LLM-based recommenders, ads, and AI agents: Inside Meta’s growth strategy in Q1 FY26 earnings call
Meta expands AI training with richer user data, boosting Reels engagement and video time. LLM-driven recommendations, Muse models, and AI agents power ads, content discovery, and future monetization. The post LLM-based recommenders, ads, and AI agents: Inside Meta’s growth strategy in Q1 FY26 earnin
IndiaMART Q4FY26: Agentic traffic forces platform to stop reporting traffic metrics
IndiaMART's 'unique business inquiries' is a key platform health metric, but the OTP verification of these enquiries led to a 1% drop in conversion in traffic in QYFY26 while bot traffic surged. The post IndiaMART Q4FY26: Agentic traffic forces platform to stop reporting traffic metrics appeared fir
Confidant Claude: Anthropic says 6% of users turn to its AI chatbot for personal advice
AI firm Anthropic studied user interactions with its chatbot Claude. About six percent of users sought personal guidance. Health, career, relationships, and finance were key topics. The company found Claude sometimes agreed too readily, especially in relationship advice. New models are trained to im
IPO-bound JSW One acquires proptech platform BuildNext, expands home-construction wares
IPO-bound JSW One Platforms has acquired BuildNext Construction Solutions, a proptech startup backed by Pidilite Ventures, to enhance its integrated home construction and renovation offerings. This move aims to address inefficiencies in India's fragmented housing market by combining BuildNext's desi
Reddit rallies as AI‑driven ad growth fuels strong revenue outlook
The strong results signal that the company's strategy is paying off as Reddit takes on bigger ad rivals such as Meta's Instagram and Facebook. Its daily active unique visitors grew 17% to 126.8 million in the quarter, while global average revenue per user increased by 44%.
SpaceX spending on Starship tops $15 billion in rush for airline-like rocketry
SpaceX has poured over $15 billion into its Starship rocket. This next-generation system is key for launching more Starlink satellites and future moon and Mars missions. The company aims for rapid reusability. Starship's success is vital for SpaceX's ambitious plans and its public market debut.
Amazon India Prime Day 2026 sale set for July
Amazon Prime Day is coming to India in July 2026. Globally, the sale happens in June. In 2025, Amazon India saw its fastest deliveries ever. Prime members enjoy quick delivery and exclusive offers on Amazon Now. The company is expanding Amazon Now to 100 cities and investing more in India's infrastr
PhonePe’s Share.Market CEO Ujjwal Jain steps down
Ujjwal Jain, CEO of PhonePe's stock trading platform Share.Market, has departed after four years, calling it a "relaunch" for his next venture. Jain, who founded WealthDesk and OpenQ before their acquisition by PhonePe, led the launch of Share.Market in August 2023. This move occurs as PhonePe has p
Bombay HC says WhatsApp can’t wait for court orders to remove scam groups
While WhatsApp argued such decisions can be taken only by order under Section 79 of the IT Act, the Bombay HC said intermediaries are expected to act on complaints received through grievance systems as per the IT Rules 2021. The post Bombay HC says WhatsApp can’t wait for court orders to remove scam

