OpenAI Pulls ‘io’ Mentions After Trademark Clash with iyO

OpenAI’s massive $6.5 billion partnership with Jony Ive’s hardware venture has run into legal trouble — not because of tech issues, but over a naming dispute. A trademark complaint from hearing-aid startup iyO led to a court order, forcing OpenAI to remove all references to “io” from its website and social media. The company insists the deal remains active as it considers next legal steps.

Read more on TechCrunch

LinkedIn Users Aren’t Loving AI Writing Tools, Says CEO

LinkedIn’s AI post-polishing tool isn’t taking off like CEO Ryan Roslansky expected. He says users are cautious since LinkedIn feels like a public résumé — no one wants to be called out for sounding too AI-generated. Still, interest in AI is booming, with AI-related job posts up 6x and users adding AI skills 20x more often.

Read more on TechCrunch

Darwix AI Secures \$1.5M to Advance Its Generative AI Platform for Enterprise Use

Gurugram startup Darwix AI has raised \$1.5 million in seed funding from Rebalance, Inflection Point Ventures, JITO, and several notable angel investors. Founded by IIM graduates, the company is building an all-in-one generative AI solution to enhance enterprise sales and support across voice, chat, email, and more.

Read more on Indianstartupnews

Amazon India Invests $233M to Boost Operations & Join Quick Commerce Race

Amazon India is investing $233M to upgrade its fulfillment and delivery network as it enters quick commerce with Amazon Now pilots in Bengaluru. The move aims to improve speed, efficiency, and compete with Blinkit, Zepto, and others already dominating the space.

Read more on Your Story

Multiplier, led by ex‑Stripe exec, scores $27.5M to scale AI‑powered accounting roll‑ups

Startup Multiplier, founded by former Stripe Asia‑Pac lead Noah Pepper, has raised $27.5M (seed + Series A from Lightspeed & Ribbit) to acquire accounting firms and supercharge them with AI. Its pilot acquisition, Citrine, doubled margins using Multiplier’s tools. Now, the company is raising new capital to roll out more AI‑enhanced firms—aiming to disrupt the Big Four.

Read more on Techcrunch

Base44, a 6-month-old solo-founded vibe coder, sells to Wix for $80M cash

Maor Shlomo’s no-code AI startup Base44, built in just 6 months and initially bootstrapped, has been acquired by Wix for \$80M in cash. Despite a team of 8, the project began as a solo side hustle and grew to 250K users and $189K profit/month — all while sharing the build journey publicly. The acquisition gives Wix a profitable, fast-scaling AI app builder for non-coders, boosting its no-code portfolio.

Read more on EducateKaro

Midjourney Unveils AI Video Generator V1, Challenges Sora and Runway

AI image giant Midjourney just launched V1, its first AI video model, letting users turn still images into short 5-second videos via Discord. With a focus on creativity over commercials, the startup is going head-to-head with OpenAI’s Sora and Runway’s Gen-4 — and plans to expand into 3D and real-time simulations. V1’s launch follows a copyright lawsuit from Disney and Universal.

Read more on TechCrunch

Zuckerberg’s $100M AI Hiring Push Isn’t Working—Says Sam Altman

Meta is trying to lure top AI talent with compensation offers reportedly over $100 million, aiming to build a superintelligence team led by Alexandr Wang. But according to OpenAI CEO Sam Altman, those efforts aren’t paying off. “They’ve made huge offers to our team,” Altman said on a recent podcast. “None of our best people have left.” He argued Meta’s focus on money over mission weakens its innovation culture. While Meta has hired a few key names and invested in Scale AI, OpenAI, DeepMind, and Anthropic are still leading the race. Altman even teased OpenAI’s plans for an AI-powered social media app—possibly a direct challenge to Meta.

Read more on Techcrunch

Reddit Adds AI Power to Ads with New Insight Tools

Reddit just dropped two AI tools to help advertisers win big: “Reddit Insights” analyzes real-time convos for smarter targeting, while “Conversation Summary Add-ons” highlight positive user comments under ads. Big player Publicis is already on board. Expect a July rollout to more agencies.

Read more on Mint

ShareChat’s CBO Gaurav Jain Resigns Amid Leadership Shifts and Revenue Growth

Gaurav Jain is exiting his role as ShareChat’s CBO (Chief Business Officer), with CFO Manohar Charan stepping in to manage operations. Jain joined in 2022 from Snap and Meta. This comes amid leadership reshuffles, recent layoffs, and rising ad revenue. Despite internal changes, the company’s FY24 earnings climbed 33%, showing strong momentum across mid-market and FMCG sectors.

Read more on YourStory

X