Tag: Tech funding

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

by educatekaroin News, AI, Apps, India, TechLeave a Comment on 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

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

by educatekaroin News, AI, Apps, TechLeave a Comment on 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

Cancer DNA Can Appear in Blood Years Before Diagnosis, Study Finds

by educatekaroin News, Health, TechLeave a Comment on Cancer DNA Can Appear in Blood Years Before Diagnosis, Study Finds

Scientists have found traces of cancer DNA in blood samples taken over three years before diagnosis, suggesting ultra-early cancer detection might be possible. Researchers at Johns Hopkins used whole genome sequencing on decades-old samples and discovered tumor-specific DNA even in tiny plasma amounts. Despite the challenges of old and limited samples, the technology accurately flagged cancer in some cases. Experts say it’s a big step toward futuristic, early screenings, though large-scale validation is still needed. If proven, this could allow doctors to detect and treat cancer long before symptoms show—potentially saving lives with much earlier intervention.

Credit: Science News

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

Boulevard Raises $80M as Medspa Boom Fuels Growth

by educatekaroin News, Funding, TechLeave a Comment on Boulevard Raises $80M as Medspa Boom Fuels Growth

Self-care tech startup Boulevard just raised $80M in Series D funding, boosting its valuation to nearly $800M. Originally built to help salons manage online bookings, the platform now powers 15% of U.S. medspas, offering tools like HIPAA-compliant injection mapping and payment processing. With beauty and wellness services expanding into medical territory—like Botox and GLP-1 weight loss meds—Boulevard’s client base and revenue (up 500% in 3 years) are growing fast. Led by JMI Equity, this round shows investor confidence in Boulevard’s niche in the booming medspa market.

Credit: TechCrunch

Perplexity Partners with Airtel to Expand AI Reach in India

by educatekaroin News, AI, Business, TechLeave a Comment on Perplexity Partners with Airtel to Expand AI Reach in India

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

by educatekaroin News, AI, Business, TechLeave a Comment on Zoho Unveils Zia LLM to Power Smarter AI for Businesses

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

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

by educatekaroin News, Business, TechLeave a Comment on 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

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

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

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