OpenAI's AI agent spent days hacking a company; it went unnoticed for a week

It took several more days for OpenAI to realise its agent was behind the hack, and the two companies only communicated about it for the first time on or around July 20, according to Thomas Wolf, Hugging Face's cofounder and three of the people familiar with the ‌investigation. Hugging ​Face is preparing a public timeline of the hack, Wolf said, adding that he could not speak to what happened at OpenAI.

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South Korea President Lee looking to open new era of AI in with global tech companies

President Lee delivered a keynote address ​unveiling a "San Francisco AI Declaration" that outlined South ​Korea's AI ambitions and its vision for technological cooperation with the United States. Lee separately met Nvidia CEO ​Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Broadcom CEO Hock Tan, before joining the South Korean government-backed summit ​in San Francisco.

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Flipkart chief rules out IPO timeline; Infosys names new CEO

Happy Friday! Flipkart group CEO Kalyan Krishnamurthy talked to us about IPO plans, quick commerce, and festive demand. That and more in today’s ETtech Morning Dispatch.

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Infosys headcount falls by 532 employees in June quarter

The Bengaluru-headquartered company said it hired over 4,000 college graduates in the just-concluded quarter. Overall, it plans to recruit 20,000 college graduates this fiscal, similar to the previous year.

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Eternal’s robust Q1; Meta faces content-blocking allegations

Eternal reported a jump in its net profit on the back of Blinkit's improving operating performance. This and more in today’s ETtech Morning Dispatch.

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Teen plaintiff suing Meta over mental health harms drops his claims against company days before trial

The lawsuit, ​brought by a ⁠15-year-old boy ‌known as R.K.C., ​originally ​named four defendants, ⁠Google's YouTube, Meta's Instagram, Snap Inc's ​Snapchat and ByteDance's TikTok, ​but YouTube and TikTok settled in June.

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Bira 91’s Ankur Jain steps down; Data centre safety under review

Happy Wednesday! Bira 91 maker B9 Beverages founder Ankur Jain has stepped down from the board. This and more in today’s ETtech Morning Dispatch.

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OpenAI says AI models went rogue during testing, triggering 'unprecedented' breach at startup

In a ​blog post, OpenAI said it was testing the capabilities of some of its most advanced models in a controlled environment but that the agent managed to escape containment, reach the internet and break into Hugging Face to try to satisfy its testing goal. OpenAI's disclosure ​that its advanced ​models were responsible for the breach, despite having placed them in what it described ⁠as "a highly isolated environment," will likely intensify disquiet over the power and ​risk of frontier models.

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Quick commerce leverages cart clout to draw higher margins from companies

Quick commerce platforms are increasing demands for higher margins and marketing funds. Consumer goods companies face rising costs for better product visibility and keyword searches. These platforms are now adopting auction-style bidding for marketing activities. This shift pressures companies to invest more for prominent placement and sales. Reliance Retail is renegotiating terms by combining grocery stores and its quick commerce platform.

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Skyroot fuels deeptech fire; Paytm Q1 profit soars

Happy Tuesday! Skyroot Aerospace’s success may unlock fresh funding for India’s spacetech ecosystem. This and more in today’s ETtech Morning Dispatch.

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Skyroot eyes a rocket a month; FIFA final drives delivery apps

Happy Monday! Skyroot is gearing up for more frequent Vikram rocket launches. This and more in today’s ETtech Morning Dispatch.

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Cleartrip bets on non-air expansion for scale, targets early-2027 breakeven

Flipkart-owned Cleartrip plans to diversify its business beyond flights to achieve breakeven by scaling its hotel, train, and bus verticals. Manjari Singhal called Cleartrip India’s second-largest air-bookings player and “fourth-ish” in hotels, but provided no market-share data. She said approaching the leader would take “a couple of years”.

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Meta, Anthropic in talks for potential $10 billion compute lease deal

Such a deal would help Meta diversify beyond advertising by generating ​revenue from its infrastructure and competing with neocloud firms such as CoreWeave and Nebius, ​as growing adoption of advanced AI tools boosts the need for computing capacity.

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Tata Electronics cyberattack: Mandiant recommendations implemented to prevent future breaches

On June 23 ransomware group World Leaks posted more than 200,000 files to the dark web, including details on projects related to some of the company’s global clients, which include Apple and Tesla. Three days later, it said that the company had launched a probe and had tightened internal security protocols.

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Stable policy push for ISM 2.0; Wipro misses Q1 estimates

Happy Friday! The government is leaning on policy stability, not just subsidies, to drive ISM 2.0. This and more in today’s ETtech Morning Dispatch.

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Chinese filing implies DeepSeek valuation of around $52 billion

The stock-exchange filing offers rare public evidence about the pricing and investor lineup of DeepSeek's maiden external fundraising, which the company has never announced. As a private company, DeepSeek ‌has no routine ⁠disclosure ⁠obligations.

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JPMorgan CEO Jamie Dimon says Anthropic's Mythos AI risks are a 'real issue'

Dimon, ‌speaking at ⁠Senator ⁠Dave McCormick's Pennsylvania Defense and Innovation Summit, added that access ​to advanced AI capabilities must be controlled, saying "you're giving ballistic missiles ​to individuals with Mythos."

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MDR on UPI on the cards; Emergent enters unicorn club

The government is mulling restoring MDR on UPI transactions for large merchants. This and more in today’s ETtech Morning Dispatch.

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After SpaceX and China, Agnikul to attempt rocket stage recovery

Agnikul is an end-to-end space transportation company incubated at IIT Madras. It develops the Agnibaan family of configurable small-lift launch vehicles powered by the world's first single-piece 3D-printed semi-cryogenic engine.

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E2W startup E3 Electric.Ai raises Rs 100 crore in equity, debt

The funding comprises Rs 75 crore in equity and Rs 25 crore in debt, and more than 80% of the capital has already been disbursed, founder and chief executive P Sanjeev told ET. The company plans to use the proceeds for product engineering and commercialisation of its first scooter.

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