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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Union minister Piyush Goyal to headline ET Startup Awards on October 9 in Bengaluru

Goyal has been leading trade negotiations with key partners, including the US, after sealing high-profile deals with the UK, which came into force in July, and the EU, which is expected to take effect early next year. His ministry is also overhauling a raft of laws and regulations to make it easier to do business and to cement India's position as a global manufacturing hub, a push that has coincided with record foreign direct investment (FDI) inflows of $94.53 billion in FY26.

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Trump said he would dine with Anthropic CEO Dario Amodei amid mounting AI debate

Trump told reporters after returning to Joint Base Andrews in Maryland that he was grabbing dinner at 10 pm with Dario Amodei. The meal comes just two days after Amodei's company faced a setback in a court case against the government over its barring its products for Defense Department work.

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a16z’s Raghuram isn't writing off India AI yet; insurers weigh new rules

Happy Monday! a16z’s Raghu Raghuram said India can build frontier AI companies by using its talent. This and more in today’s ETtech Morning Dispatch.

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China weighs allowing ByteDance, Alibaba to buy new Nvidia chips: The Information

China's Ministry of Industry and Information Technology recently asked companies including ByteDance and Alibaba to report their plans to purchase Nvidia's RTX PRO 5500 chips, according to the report.

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When AI agents go rogue: Australia breach offers warning for countries like India

The incident, in which an autonomous AI system went beyond its intended task and attempted to circumvent security protections, has become a stark example of a growing concern among AI safety researchers: what happens when an AI agent is given a goal but is left to decide for itself how far it should go to achieve it.

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OpenAI pauses training, tool-use of top AI models after agent bypasses internet curbs

The agent, OpenAI said, bypassed the curbs through a gap in its Domain Name System (DNS) filtering and used it to send questions to a public chatbot service. According to a report by OpenAI, the pause will stay in place until OpenAI has confirmed that the gap is resolved and has carried out further security testing of its systems.

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AI, semiconductors, quantum to drive India's next infrastructure push: FM Sitharaman

Union Finance Minister Nirmala Sitharaman highlighted the need for investment in AI, semiconductor chips, and quantum technology. She stated that strengthening digital infrastructure will support AI adoption across various sectors. Additionally, Sitharaman underscored the importance of providing AI solutions to micro, small, and medium enterprises. She believes that achieving over 10 percent economic growth is possible with greater effort in all sectors.

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OpenAI works to understand full scope of agent activity as user data leak emerges

OpenAI's ongoing battle also reflects a yawning gap between the strength of the models the company is testing and its capacity to oversee or even track their actions.

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IRDAI's commission reset impact; ETSA winner Progcap’s next bet

Happy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industry. This and more in today’s ETtech Morning Dispatch.

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White House asks OpenAI, Anthropic to hold models from British testers: Politico

The White House wants to take steps to make sure US systems are secure before the models are shared with partners, according to the report.

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AI coding startup ByteAsk raises $1 million from YC, Entrepreneur First

The startup is building AI coding agents for C and C++ developers working in high-stakes industries such as defence, aerospace, robotics, high-frequency trading, automotive and semiconductors, ByteAsk said.

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AI speeding up tech development, but identifying problems is key: SAP Labs India MD

During a fireside discussion on Leadership in the AI Era, Gangadharan said companies should start with the business outcome they want to achieve rather than look for problems after adopting a technology.

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Banks warn AI shopping bots raise scam, fraud and data-privacy risks

Technology companies including OpenAI, Anthropic, Google and Meta are increasingly promoting AI chatbots as shopping tools, envisioning a future in which shoppers use AI agents to select products and make purchases on their behalf. Retailers, meanwhile, are racing to influence chatbots' recommendations.

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Banks rethink UPI play; Big Tech's AI pivot dents Indian IT

Happy Wednesday! The return of MDR on UPI is pushing banks to rethink products and budgets. This and more in today’s ETtech Morning Dispatch.

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OpenAI expands GPT-6 lineup with cheaper Sol and Luna models

The launch of low-cost GPT-6 Sol and GPT-6 Luna follows the rollout of GPT-6 Astra, a faster model for handling more tasks than previous iterations, earlier this month.

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Google data centre sparks protests in Austria

In the Austrian town of Kronstorf, a planned Google data centre promises investment, jobs and a place on the digital map -- but residents are not convinced. Google has not disclosed the cost of the project, describing it only as a "significant investment".

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Inside Furlenco’s IPO; Moneyview investors make bank

Happy Tuesday! Furlenco is heading to Dalal Street for a potential Rs 1,200 crore IPO. This and more in today’s ETtech Morning Dispatch.

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Amazon blocks Meta’s Muse AI agent from its retail site

Meta’s Muse, which was introduced earlier this month, is designed to help people carry out such common online tasks as shopping and booking appointments. Amazon prohibits other companies from deploying automated tools to shop its site and started blocking Muse on Sunday night, a spokesperson said. Shoppers using Muse see a series of pop-ups saying its use violates Amazon’s terms of use.

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Google opens pre-orders for $899 Googlebook laptops built around Gemini AI

Starting at $899, initial models from Acer, Asus, Dell , HP and Lenovo will run on Intel or Qualcomm processors with up to 14 hours of battery life, the company said.

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China slows humanoid robot IPO rush as hype outruns reality

Chinese regulators are putting the brakes on a rush of humanoid-robot companies seeking listings, people familiar with the matter said, as they scrutinise whether soaring valuations and revenue tied to state-backed projects reflect commercial demand.

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-year and 6-year tenors, according to the term sheet.

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Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website

One of the world's best-known cybercrime groups said on Sunday it had hijacked one of its chief rivals' dark web site, bringing what it said was a long-simmering feud out into the open.

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Ashwini Vaishnaw on India’s chip push; Emergent's new AI bet

Happy Monday! The next set of investments under India’s semiconductor scheme are expected to begin in the next six months, IT minister Ashwini Vaishnaw told us. This and more in today’s ETtech Morning Dispatch.

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Anthropic quietly sets up biology lab as it ramps AI drug program

At a time when fears of AI are gripping the public, the startup has built a wet lab, or place for physical experiments, in the San Francisco Bay Area, two people familiar with the matter said. Anthropic has said it wants to unlock treatments for rare diseases, and its biology work has gone beyond "in silico" or computer evaluations.

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OpenAI, Microsoft executives' quotes on AI training threaten copyright defense, news outlets argue

OpenAI and its largest financial backer, Microsoft, have argued in the Manhattan federal court case that their AI training on millions of newspaper articles is protected as fair use because it transforms copyrighted material into new content and does not compete with or replace the news organizations' journalism.

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ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans

Happy Friday! Theranautilus is set to begin human trials of its nanorobot-based dental tech soon. This and more in today’s ETtech Morning Dispatch.

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Amazon enters AI safety fray, calls for "rigorous testing," safeguards

The company provided its views in response to a Reuters inquiry days after many of the largest labs called for slower AI development, following an outcry among researchers and others who fear the technology could evade human control and threaten global systems and even humanity itself.

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OpenAI reveals six new cases of AI misbehavior, vows transparency

US artificial intelligence giant OpenAI promised Wednesday to more systemically report instances of its models going off track, while also publishing six new reports on previously undisclosed incidents of AI misbehavior. None of the six examples disclosed Wednesday had significant consequences, but they confirm previously observed trends.

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Decoding MDR’s impact; EV bikes’ policy change sparks debate

Happy Thursday! The return of MDR is set to change UPI's market share game. This and more in today's ETtech Morning Dispatch.

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Revolut hackers demand $3 million ransom: FT

Hackers behind a data breach at Revolut threatened to sell confidential records of hundreds of customers to other criminal groups unless the British fintech pays a ransom of $3 million within 24 hours, the Financial Times reported on Wednesday.

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Anthropic's Amodei calls for industry-wide AI safety standards

On the back of publishing an essay urging AI companies to slow down, the Anthropic chief made the case for industry-wide safety standards.

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Musk's X Corp and SpaceXAI resolve antitrust lawsuit against Apple

In a court filing, X and SpaceXAI, a division of SpaceX, moved to dismiss the claims in a lawsuit they ‌brought against Apple ⁠and ⁠OpenAI last year. The filing did not explain the reasons for dismissal or say whether ​a settlement had been reached.

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Trump agrees to new bipartisan ethics provision in massive crypto bill, Republican senators say

A core group of Democrats, as well as Sen. Thom Tillis, R-N.C., said that didn't go far enough to address conflict-of-interest issues they had with Trump's crypto wealth. Their votes would be needed to advance the bill in a key vote this Tuesday.

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Mid-tier VCs scout deeptech deals; ETSA winner Varaha’s India play

Happy Monday! Sector-agnostic mid-tier venture capital investors are recaliberating focus on India's deeptech startups. This and more in today’s ETtech Morning Dispatch.

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OpenAI's Sam Altman won't do IPO this year, calls AI extinction risk 'unacceptable'

The comments come as more US lawmakers urge new rules to govern AI systems after dire warnings from two researchers from OpenAI rival Anthropic that rapidly progressing AI could lead to the extinction of the human race in the not-too-distant future.

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The Next Decade of PhonePe and Future of Digital Payments | Deep Agarwal | Global Fintech Fest 2026

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Karnataka government to fund 100 startups with Rs 25 crore for pilot projects in government departments

Selected startups can get work orders of up to Rs 25 lakh each for pilot projects under an initiative called Government First under goverment's flagship Elevate programme, announced as part of Karnataka’s Startup Policy 2025-30.

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Anthropic says it blocked misuse of its AI that could have supported biological weapons

"The cases we share here aren't typical misuse, but rather examples of the most notable and novel threat activity we've identified to date," Anthropic said in its third report since March 2025 describing AI misuse. The report includes snippets of the malicious code and AI prompts Anthropic said it found, and urges governments and AI competitors to identify and prevent similar abuse.

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OpenAI is open to slowing AI development: Sam Altman tells staff

⁠Altman told employees in a company-wide meeting that the ChatGPT maker ​could pace development alongside other AI labs, but some may not agree, ​the report added.

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MDR on UPI coming soon; India's new class of robot workers

Happy Friday! With a fee on UPI set to come into the picture soon, issuing banks are poised to claim the biggest slice. This and more in today’s ETtech Morning Dispatch.

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Indian-origin couple gifts $20 millon to American university for focus on AI, advanced analytics

Anuradha and Vikas Sinha have gifted USD 20 million to the University of North Texas (UNT) with a focus on artificial intelligence and advanced analytics while creating new opportunities for students and faculty, a press statement said.

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Meta tests fact-check replacement in Latin America

Meta said Wednesday it had begun testing Community Notes in 16 Spanish-speaking countries in Latin America, a step toward replacing the professional fact-checking program it runs with partner organizations across the region.is among the fact-checking organizations that participate in Meta's program in Latin America and elsewhere.

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Habuild CEO on user loyalty; Flipkart Minutes gets its own app

Happy Thursday! Habuild CEO Saurabh Bothra said repeat users are helping the company drive growth. This and more in today’s ETtech Morning Dispatch.

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ET Startup Awards 2026: Habuild leans on repeat users to expand beyond yoga into strength training, nutrition

Habuild, winner of the Bootstrap Champ title at the ET Startup Awards 2026, has built a profitable digital wellness business driven largely by repeat subscriptions. The platform, which started with free yoga sessions during Covid, reported Rs 112 crore revenue and Rs 57 crore net profit in FY25, while expanding into strength training and AI-led nutrition tools.

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US accuses Chinese AI firms of 'malicious' copying of AI technology

The Chinese companies copied U.S. AI labs' intellectual property through a technique known ‌as distillation, according ⁠to ⁠a statement from U.S. law enforcement and intelligence officials. Distillation is the process of training ​smaller AI models using output from larger, more expensive ones as part of an effort ​to lower the costs of training a new AI tool.

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US suspends Cognizant green card filings

The action came a day after Cognizant announced plans to expand its American workforce. The company said it planned to hire 1,500 US college graduates and increase its Frontier Certified Engineer and Frontier Business Operator workforce to 15,000 people.

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Late-stage funding squeeze; ISRO opens up space

Happy Tuesday! India’s late-stage funding market is tightening, with investors writing smaller cheques and pushing for lower valuations. This and more in today’s ETtech Morning Dispatch.

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Taiwan flexes chip diplomacy muscles as it faces pressure to share AI wealth with allies

Home to companies like TSMC whose chips power AI applications, diplomatically isolated Taiwan has long sought to leverage its tech prowess to garner international support, something Beijing routinely seeks to block saying the island is merely one of its provinces.

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Festive carts to get heavier; Pixxel’s $100 million fresh fuel

Happy Monday! Online festive shopping is set to hit a new high this year. This and more in today’s ETtech Morning Dispatch.

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India set to pitch tech synergy for cementing BRICS

India is keen to complete three major multilateral projects under its chairmanship of the 11-country bloc. The global research advanced infrastructure network (GRAIN) initiative will offer researchers from member states federated, or shared, access to high-performance computing systems and supercomputers, an official said.

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Piper Serica eyes Rs 180-220 crore deployment across four-six deeptech startups this fiscal

The investment firm's new Bharat Tech Fund, a Category II AIF, targeting a corpus of Rs 600 crore, alongside a greenshoe option of Rs 200 crore, has already raised about Rs 400 crore and evaluated around 30-35 startups in the hunt for the next investment, Modi told PTI.

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IPO-bound Rentomojo pins growth on 'hard-to-copy' supply chain moat

Rentomojo’s moat lies in its complex rental model, which combines subscriptions, asset ownership, logistics, collections and refurbishment. With 2.5 lakh active subscribers and strong repeat business, the company is scaling ahead of its Rs 1,255.6 crore IPO, backed by improving profitability and access to credit.

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US, China gear up for mid-September AI safety talks

The ​talks, the first official bilateral discussions devoted exclusively to AI between the US and China ​since US President Donald Trump took office for a second time, will be led by US Treasury Secretary Scott Bessent on the US side, the sources, who were briefed ​on the planning, said on condition of anonymity.

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DeepSeek plans big Huawei AI chip order to power new data centre

The startup doesn’t currently plan to use the 950DT chips for training, one of the people said, even though Huawei designed and marketed these processors to serve that more demanding function. While DeepSeek tried to train its previous models on Huawei chips, it has so far relied on Nvidia accelerators for this crucial step.

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Smart ring maker Oura reveals revenue surge in US IPO filing

The IPO market is ‌expected to ⁠pick up ⁠steam after a summer lull. Analysts expect issuers to target the ​post-Labor Day window to get ahead of any uncertainty around November's midterm elections. Oura, ​whose journey began more than a decade ago in Oulu, Finland, makes a smart ring that tracks key ​health indicators such as heart rate, sleep ⁠stages and ‌physical activity.

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Tesla starts Cybercab rides in Austin, prompting US safety agency evaluation

CEO Elon Musk has said the Cybercab is key to transforming Tesla into a dominant force in driverless vehicles. ​The National Highway Traffic Safety Administration, meanwhile, sets and enforces rules for auto safety, including for new vehicles.

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Sugar’s valuation slump; Slice takes a hit

Happy Friday! A91 Partners is backing Sugar Cosmetics in a round that will see the beauty brand’s valuation fall sharply. This and more in today’s ETtech Morning Dispatch.

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Uber layoffs impact India; RMG ban, a year on

Happy Thursday! Uber is cutting jobs in India as part of a sweeping global restructuring. This and more in today’s ETtech Morning Dispatch.

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BPSC TRE 4.0 recruitment 2026: Application process likely to begin from September 21; check official notice

Bihar Public Service Commission will begin TRE 4.0 recruitment applications on September 21, 2026. This drive aims to fill 32,308 teaching vacancies across various school levels. Candidates will need specific educational and teacher-training qualifications for these positions. The age limit varies, with relaxation for reserved categories as per rules. A written exam and document verification will form the selection process.

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Restaurants step up food safety; UpGrad seals Unacademy deal

Happy Wednesday! India’s food safety crackdown is forcing restaurants to clean up their kitchens and supply chains. This and more in today’s ETech Morning Dispatch.

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Eutelsat OneWeb seeks urgent security approval for LEO constellation to launch commercial satcom services in India

Eutelsat OneWeb urgently seeks government security approval for its satellite constellation. The company faces significant delays in launching commercial services in India. This delay impacts its ability to monetize substantial prior investments. Starlink and Jio Satellite also await similar security clearances from authorities. OneWeb's early mover advantage is diminishing due to these prolonged approvals.

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