Wipro’s Profit Jumps 11% in Q1, But Revenue Stays Flat

Wipro started FY26 on a steady note, posting a ₹3,330 crore profit in Q1 — up 11% from last year. The boost came mainly from trimming expenses and benefiting from favorable currency movements. However, revenue didn’t move much, staying around ₹22,135 crore. The company booked big deals worth $5 billion, but its outlook for the next quarter feels cautious. CEO Srini Pallia is still hopeful about a stronger second half. AI is now a key focus, and Wipro plans to hire 10,000 freshers this year. They also declared a ₹5 dividend, keeping up with their promise of regular payouts.

Credit: YourStory

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

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

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

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

Tesla Tries a Bold China Comeback with New Model YL and Model 3 Plus

Tesla clearly isn’t giving up on China’s brutal EV market just yet. After lukewarm sales and pressure from cheaper local rivals like BYD and Xiaomi, the company is back with new tricks. The Model YL, a bigger, three-row SUV, and Model 3 Plus, with a longer range, aim to grab attention. On paper, they look solid, but with prices likely higher than local alternatives, Tesla might have a tough sell. Still, it’s a smart move to push better features instead of just slashing prices. The EV war in China is intense, and Tesla knows it needs more than just hype to stay relevant.

Credit: Tesla

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

Anthropic Eyes $100 Billion Valuation as Claude Chatbot Revenue Soars

AI startup Anthropic is drawing strong investor interest with talks of a possible valuation crossing $100 billion. Though the company isn’t officially fundraising, top VCs are making unsolicited offers, driven by the rapid growth of its Claude chatbot, whose annualized revenue jumped from $3 billion to $4 billion in just a month. Earlier this year, Anthropic raised $3.5 billion at a $61.5 billion valuation, led by Lightspeed Ventures. Founded in 2021 by siblings Daniela and Dario Amodei, the company is backed by tech giants like Amazon, Alphabet, and Salesforce Ventures.

Credit: Bloomberg

Indian Astronaut Shubhanshu Shukla Returns to Earth After 18-Day Space Mission

Group Captain Shubhanshu Shukla successfully completed his 18-day space mission and has now returned to Earth. On July 15, his spacecraft, Dragon, made a safe landing in the Pacific Ocean off the coast of California. Shukla launched into space on June 26 alongside astronauts from the U.S., Poland, and Hungary as part of the Axiom-4 mission, traveling over 6 million miles while conducting key experiments. After undocking from the ISS, the crew spent nearly 22.5 hours before splashdown. Shukla will undergo a 7-day rehab program to readjust to Earth’s gravity. His family expressed joy and anticipation at his safe return.

Credit: TOI

Bitcoin Nears Double YoY as Wall Street & Washington Fuel Surge

Bitcoin has nearly doubled in value over the past year, recently touching $123K before settling around $116K. Unlike past rallies, this surge is being driven by growing institutional demand, massive ETF inflows, and rising adoption from major firms like BlackRock and GameStop. Spot Bitcoin ETFs traded on U.S. exchanges have now amassed more than $150 billion in assets. Meanwhile, Congress is actively discussing crypto regulation during “Crypto Week,” with bills that may reshape the legal landscape. The proposed Clarity Act could finally provide clear oversight, giving the CFTC control over digital commodities like Bitcoin — paving the way for broader institutional involvement.

Credit: CNBC

X