Category: AI

CoinDCX Suffers $44M Crypto Hack, Assures No Customer Funds Lost

by educatekaroin News, AI, Apps, TechLeave a Comment on CoinDCX Suffers $44M Crypto Hack, Assures No Customer Funds Lost

Indian crypto exchange CoinDCX confirmed a security breach in one of its internal wallets, with around $44 million in USDC and USDT reportedly stolen. The hack, which occurred between July 18–20, impacted a liquidity provisioning wallet on Solana, not user funds. CEO Sumit Gupta assured that losses are being covered by the company’s reserves and customer assets are safe. Trading and INR withdrawals remain functional. CoinDCX is investigating with partners and promises a full post-mortem soon. The breach follows last year’s $235M WazirX hack, sparking renewed concerns about crypto security in India.

Credit: YourStory

Elon Musk Plans ‘Baby Grok’ AI App for Kids, Hints at Viral Video Tool

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Elon Musk has announced that his AI company xAI is building “Baby Grok,” a kid-friendly version of its Grok chatbot. The separate app will focus on safe, child-oriented content, though no release date has been shared yet. Musk also teased a new AI feature called “Imagine,” aimed at creating viral videos quickly. Meanwhile, xAI’s Grok 4, launched earlier this month, boasts major improvements in reasoning and creativity and is now available to government agencies. xAI is reportedly eyeing a valuation up to $200 billion as it continues expanding features and raising capital.

Credit: Economic Times

QpiAI Raises $32M to Build Utility-Scale Quantum Computer

by educatekaroin News, AI, India, TechLeave a Comment on QpiAI Raises $32M to Build Utility-Scale Quantum Computer

Bengaluru-based deeptech startup QpiAI has secured $32 million in Series A funding from Avataar Ventures and India’s National Quantum Mission. The company plans to build a utility-scale quantum computer and expand globally. Known for delivering real-world quantum solutions in pharma and material science, QpiAI combines proprietary hardware, AI, and quantum software. With a team of top-tier researchers and global offices, QpiAI aims to push India to the forefront of quantum innovation, serving sectors like manufacturing, logistics, finance, and healthcare.

Credit: YourStory

Perplexity Partners with Airtel to Expand AI Reach in India

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Perplexity is going all-in on India! The AI search startup just teamed up with Airtel to give 360 million users a free 12-month Perplexity Pro plan (worth $200). This exclusive deal boosts its presence in a market where OpenAI still leads in numbers. Downloads in India surged 600% in Q2, and active users grew even faster. Perplexity’s earlier tie-up with Paytm and CEO Aravind Srinivas’ $1M India commitment show it’s serious about growth here. Though revenue lags behind ChatGPT, smart partnerships like this could help Perplexity win big in price-sensitive India.

Credit: TechCrunch

Zoho Unveils Zia LLM to Power Smarter AI for Businesses

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Zoho has rolled out its own large language model, Zia LLM, built fully on NVIDIA’s AI tech. Announced at Zoholics India, the model is tailored for real business tasks like summarizing data, code generation, and smart retrieval. With three models (up to 7B parameters), it balances speed, cost, and performance. Unlike ChatGPT, Zia runs on Zoho’s own servers, ensuring better data privacy. It also introduced Hindi-English speech recognition, no-code AI agent tools, and over 25 pre-built Zia agents.

Credit: YourStory

Swedish AI Startup Lovable Becomes Unicorn Just 8 Months After Launch

by educatekaroin News, AI, Coding, TechLeave a Comment on Swedish AI Startup Lovable Becomes Unicorn Just 8 Months After Launch

In a rare lightning-fast rise, Swedish startup Lovable has hit unicorn status just eight months after launch. The startup secured $200 million in Series A funding, with Accel leading the round, bringing its valuation up to $1.8 billion. Lovable’s AI-driven platform helps people build apps and websites using plain language, and it’s clearly working — with over 2.3 million users and $75 million in annual recurring revenue already. What’s wild is they’ve done this with just 45 employees. While most users are non-coders, Lovable wants to become the go-to tool for building full-scale businesses. At this pace, that dream doesn’t seem far off.

Credit: TechCrunch

UAE’s Nvidia AI Chip Deal Hits Pause Over U.S. Security Concerns

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A high-stakes deal allowing the UAE to buy billions in AI chips from Nvidia and other U.S. chipmakers has reportedly been put on hold over national security concerns. U.S. officials fear the chips might be smuggled to China, despite earlier assurances from the UAE and Saudi Arabia about strict controls. As tensions around tech exports rise, the U.S. is also eyeing restrictions on Malaysia and Thailand, while Malaysia just introduced a new permit rule for chip exports. Honestly, this pause shows how deeply AI hardware has become a geopolitical battleground — and how even allies are facing tighter scrutiny now.

Credit: TechCrunch

Uber Bets Big on Robotaxis with Massive Deal Involving Lucid and Nuro

by educatekaroin News, AI, Business, EV, TechLeave a Comment on Uber Bets Big on Robotaxis with Massive Deal Involving Lucid and Nuro

Uber is making a bold move into the robotaxi space by investing hundreds of millions in Lucid and Nuro, planning to launch 20,000+ autonomous SUVs starting in 2026. Lucid’s luxury Gravity SUV will be fitted with Nuro’s Level 4 self-driving tech, available exclusively through the Uber app. Honestly, this is a huge gamble, especially when both Lucid and Nuro have faced financial trouble lately. Still, Uber’s aggressive bet shows it’s serious about leading the autonomous ride market. If they pull this off, it could finally push robotaxis out of test mode and into reality — something the industry has long overpromised.

Credit: The Verge

Scale AI Lays Off 200 Staff, Shifts Focus After Meta Deal Shakeup

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The data-labeling startup just laid off 200 employees and dropped 500 global contractors, about a month after Meta hired its CEO in a $14.3 billion deal. According to a memo, interim CEO Jason Droege admitted the company scaled too fast in its original data-labeling business. Now, Scale plans to refocus on enterprise and government sales. The timing’s tough — with major clients pulling back after Meta’s investment, Scale seems to be paying the price of rapid growth. Like other AI firms that peaked too soon, it’s now scrambling for a second act.

Credit: Bloomberg

Google Rolls Out Gemini 2.5 Pro, Deep Search & AI Calling Features in Search

by educatekaroin News, AI, TechLeave a Comment on Google Rolls Out Gemini 2.5 Pro, Deep Search & AI Calling Features in Search

Google is upgrading Search with Gemini 2.5 Pro and Deep Search, now available to AI Pro and AI Ultra subscribers. Gemini 2.5 Pro helps tackle complex reasoning, coding, and math questions, while Deep Search performs deep research by scanning hundreds of sources to deliver cited, comprehensive answers — ideal for major decisions or study. A new AI calling feature can even contact local businesses for info like pricing or availability, saving users time. This is rolling out across the U.S., with extra perks for paid subscribers. Google says these features reflect its push to build smarter, more helpful AI-powered Search.

Credit: Google

New Article: OpenAI Releases GPT-OSS 20B: Expanding the Reach of Open-Weight AI

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