California attorney general opens probe into OpenAI over cybersecurity concerns

Last month, Bonta announced that the Department of Justice was conducting a formal investigation into the "Hugging Face incident," amid increasing scrutiny of the AI industry.

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AI agents tried to hack Canadian government website, research firm says

AI agents tried to hack into a Canadian government website, an AI research firm said on Wednesday. The agents attempted to access Library and Archives Canada on May 8 and on June 9, AI research firm Transluce said in a blog post.

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Palmonas' offline push; IndiaAI's GPU crunch

Happy Thursday! Demi-fine jewellery brand Palmonas is betting on offline stores, cofounder Pallavi Mohadikar said. This and more in today’s ETtech Morning Dispatch.

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FTC opens probe into AI giants including Anthropic and OpenAI, source says

The Federal Trade Commission is opening a sweeping probe into Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, a source familiar with the matter told Reuters on Wednesday.

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Ecommerce's festive push; Vertex's AI bets

Happy Wednesday! Ahead of the festive sales, ecommerce giants are building out their supply chains. This and more in today’s ETtech Morning Dispatch.

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Anthropic's IPO prospectus shows sweeping AI vision, surging costs

But the cost to get there will be staggering. Anthropic reported a net loss of $42 billion in 2025, and plans to spend $518 billion on cloud, computing and infrastructure obligations in coming years, according to the prospectus.

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Piyush Goyal to headline ET Startup Awards; The Souled Store eyes fundraise

Happy Tuesday! Meet our distinguished guest of honour for The Economic Times Startup Awards 2026. This and more in today’s ETtech Morning Dispatch.

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