India proposes charging OpenAI, Google for training AI on copyrighted content
India has given OpenAI, Google, and other AI firms 30 days to respond to its proposed royalty system for training on copyrighted content.
Ex-Googler’s Yoodli triples valuation to $300M+ with AI built to assist, not replace, people
Yoodli counts Google, Snowflake, and Databricks among its customers.
Walmart-backed PhonePe winds down its Pincode app in yet another e-commerce step back
PhonePe has shut down its Pincode app over two years after its debut.
Nexus isn’t going all-in on AI, keeping half of its new $700M fund for India startups
Nexus Venture Partners manages $3.2 billion in capital across its funds and has invested in more than 130 companies over the years.
After intense backlash, India pulls mandate to pre-install government app on smartphones
On Wednesday, the Indian telecom ministry said Sanchar Saathi, an anti-theft and cybersecurity protection app, would remain voluntary, and that smartphone makers would no longer be required to preload it on devices they sell.
India plans to verify and record every smartphone in circulation
The Indian government has ordered smartphone makers to preinstall its Sanchar Saathi app on all devices, a move that is raising fresh privacy concerns.
SoftBank stays in as Meesho $606M IPO becomes India’s first major e-commerce listing
Meesho heads for India’s first big e-commerce IPO next week.
India’s gig workers win legal status, but access to social security remains elusive
India is restructuring its gig economy with a new labor law, but much more is needed before gig workers see real benefits.
Google teams up with Accel to hunt for India’s next AI breakouts
Google and Accel will jointly invest up to $2 million in each startup through their new partnership.
Byju’s founder to appeal U.S. court order to pay over $1B in bankruptcy case
A U.S. bankruptcy court has ordered Byju’s founder Byju Raveendran to pay over $1.07 billion in a case over missing company funds.