Challenging OpenAI, Microsoft-Backed Mistral Launches New AI Reasoning Model

French AI startup Mistral, backed by Microsoft, launched its first reasoning model, Magistral, at London Tech Week 2025. Excelling in math and coding, it uniquely reasons in European languages, rivaling OpenAI’s o1 and DeepSeek’s R1. CEO Arthur Mensch says it’s a step toward multilingual AI, with plans to expand language support.

Read more on CNBC.

OpenAI Reaches $10 Billion in Annual Revenue with ChatGPT Surge

OpenAI Reaches $10 Billion in Annual Revenue with ChatGPT Surge OpenAI has achieved $10 billion in annual recurring revenue, nearly doubling last year’s $5.5 billion, driven by ChatGPT’s consumer and business products plus its API. Despite a $5 billion loss, the company eyes $125 billion by 2029. Boasting 500 million weekly active users, OpenAI’s $40 billion funding round underscores its immense potential for expansion.

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India’s Andhra Pradesh Govt, Nvidia Join Hands to Launch AI University in Amaravati

Andhra Pradesh has teamed up with Nvidia to launch an AI university in Amaravati, aiming to train 10,000 engineering students and support 500 AI startups over two years. The MoU, signed by IT Minister Nara Lokesh, includes AI curriculum development, faculty training, computing infrastructure, and startup aid via Nvidia Inception. This move aligns with India’s broader AI education push—like IIT Madras offering free AI courses on SWAYAM and Symbiosis launching AI-focused degrees from July 2025.

Read more on: YourStory

Kruti: A Multilingual AI Assistant from Krutrim Set for Launch

Bhavish Aggarwal’s AI venture, Krutrim, is gearing up to introduce “Kruti,” an intelligent assistant built to respond and operate in native Indian languages. Dubbed India’s first agentic AI, Kruti promises proactive and adaptive voice-based interaction. This move aligns with Krutrim’s full-stack AI ambitions, which include custom AI chips by 2026, a growing cloud platform with 25,000+ developers, and 50+ AI services. Despite no revenue in FY24, the firm heavily invested ₹134.86 crore in R&D to build long-term value.

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Meta in Talks to Invest Over $10B in Scale AI: Biggest Private AI Bet Yet

Meta is reportedly eyeing a massive $10B+ investment in Scale AI—making it one of the largest private tech deals ever. Scale, which powers Microsoft and OpenAI with clean training data, could soon hit a $25B valuation. The deal reflects Meta’s growing AI ambition, especially in defense, as it partners with Scale on military AI tools like “Defense Llama.”

Read more on: Bloomberg

Superblocks CEO: How AI System Prompts Can Reveal Billion-Dollar Startup Ideas

Brad Menezes, CEO of Superblocks, believes studying system prompts—those long, specific instructions used by AI startups—can inspire the next unicorn. As part of a new product launch, he shared 19 such prompts, showing how role, context, and tool instructions shape AI behavior. His insight? The real magic is in the infrastructure built around the prompt.

Read more on: TechCrunch

QNu Labs Is Building India’s Quantum-Safe Cybersecurity Future

When digital payments soared post-demonetisation, Sunil Gupta saw the missing link—digital trust. In 2016, he co-founded QNu Labs, betting on quantum cryptography instead of AI to build India’s own secure cyber platform. The IIT-Madras-incubated startup now builds quantum-safe chips, encryption hardware, and cloud security tools for India’s defence and critical sectors, recently raising ₹60 crore to scale globally.

Read more on: YourStory

Amazon Builds New Agentic AI Team Inside Lab126 for Next-Gen Robotics

Amazon’s Lab126, the brains behind devices like Kindle and Echo, now has a new internal team focused on agentic AI—tech that goes beyond chatbots to perform complex, multi-step tasks. The group is working on an AI framework to power physical AI in robotics, enabling warehouse bots to understand and act on voice commands. Amazon’s broader push includes a browser-based agent, an agentic AI team in AWS, and Alexa+ updates with advanced capabilities.

Read more on: CNBC

MongoDB Reports Strong Q1 FY26, Boosts AI Efforts and Buyback Plan

MongoDB kicked off FY26 with solid momentum—revenue hit $549M, up 22% YoY, while Atlas, its cloud database, grew 26% and now drives 72% of total revenue. The company expanded its customer base by 2,600, reaching a total of 57,100. Free cash flow surged to $105.9 million, while losses decreased significantly, with non-GAAP net income climbing to $86.3 million. Additionally, the company increased its stock repurchase program to $1 billion. On the AI front, MongoDB launched new retrieval models and a protocol to connect databases with tools like Claude and GitHub Copilot—aiming to simplify AI-powered app building for devs.

Read more on: Mongodb

Klarna CEO Balances AI and Humans, Eyes Future Growth

Klarna CEO Sebastian Siemiatkowski shared that AI helped cut staff from 5,500 to 3,000, boosting revenue per employee. Yet, he says human customer service remains a premium feature. He uses ChatGPT personally and supports AI-savvy businesspeople. Klarna ditched tools like Salesforce to simplify data use for AI—and hinted an IPO might not be far off.

Read more on: TechCrunch

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