86% Firms Urge Govt Push for AI in India’s Security: Nexgen Report

A new report by Nexgen Exhibitions says India urgently needs government incentives and investment in AI to bolster cybersecurity and border defence. Based on a survey of 200+ companies, 86% support stronger state involvement, while 14% back public-private partnerships. With 2.3 million cyber incidents and ₹1,200 crore in losses reported in 2024, the demand for an AI-driven security strategy is growing. Yet, India lacks a national AI defence framework. With global threats rising, the message is clear: without proactive action, India risks falling behind in AI-enabled warfare and defence innovation. The upcoming Police Expo 2025 will spotlight these challenges.

Credit: YourStory

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

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