OpenAI's September annualized revenue nears $50 billion, less than previously indicated

The discrepancy mainly arose from an attempt to produce a direct comparison with figures from rival Anthropic, the person said on condition of anonymity.

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Winners of The ET Startup Awards 2026 to be feted today

Happy Friday! The who's who of the startup ecosystem will come together in Bengaluru today to honour the winners of The Economic Times Startup Awards (ETSA) 2026.

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Startups will crown new champions today at 12th ET Startup Awards in Bengaluru

Union minister for commerce and industry Piyush Goyal will be the guest of honour at the event, which will bring together a strong mix of past and present ETSA winners and nominees, alongside leading voices from India’s new-economy landscape. Goyal is expected to speak about the government’s efforts to deepen and expand the country’s emerging business ecosystem.

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Trump AI task force leaders to meet on Thursday, vice chair says

Public uneasiness with AI, and the small group of people who seemingly hold sway over it, has risen in recent ⁠months. Most US voters think Trump's administration and Congress are not taking the risks of AI seriously enough and want the government to ​write new regulations for the technology, according to a Reuters/Ipsos poll published on Wednesday.

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Amazon makes fresh job cuts, mainly in retail division

Amazon confirmed on Wednesday it had cut what it said were a small number of jobs, primarily in its Stores unit which oversees the main e-commerce

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Startup of the Year Groww bets on scale; Qcomm sparks festive credit surge

Happy Thursday! Groww is betting its newer businesses will take a bigger slice of its income. This and more in today’s ETtech Morning Dispatch.

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Anthropic launches third Claude 5.5 model, expanding AI lineup before planned IPO

Haiku 5.5 is built for tasks such as classification, summarization and extraction, including live support, voice agents and in-app assistants. It costs 75% less than its predecessor, Haiku 4.5.

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Finnish town braces for change from Google data centres

In the northern Finnish town of Muhos, 36-year-old farmer Joni Pitkanen is preparing for life with a new neighbour -- just kilometers away, tech giant Google is planning to build new data centres. The planned data centres are part of an announced 13-billion-euro ($15-billion) investment in Finland over the next two years -- the US tech giant's single biggest investment in Europe.

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Apple's Tim Cook praises EU over efforts to protect children online

Apple executive chairman Tim Cook on Tuesday pledged the US giant would protect children online and praised the EU's efforts to ensure minors' safety after a visit to the European Parliament in Strasbourg. The Apple chairman met European Parliament President Roberta Metsola earlier on Tuesday as well as EU lawmakers focused on children's safety.

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AM Intelligence plans $20 billion additional investment in 15 months, orders 20k more Nvidia GPUs

The company announced that it has placed two further firm and binding orders for 20,000 NVIDIA Rubin GPUs for deployment of the systems across India and Malaysia, taking its total capacity to 100 Megawatt.

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OpenAI's Sam Altman says AI benefits warrant accepting some risks

OpenAI Chief Executive Sam Altman said the benefits of artificial intelligence justify accepting some risks and argued the technology should remain broadly accessible to the public "

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Menlo Ventures on AI slowdown; Ola Electric CEO pledges stake

Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This and more in today's ETtech Morning Dispatch.

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Nykaa expects net revenue growth in late twenties in Q2

Nykaa said fashion was a faster-growing vertical, with NSV expected to grow in the late forties and net revenue in the early forties. Nykaa said more than 250 brands were added during the quarter and that its partnership with Nike continued to see "encouraging early traction," supported by exclusive drops.

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Karnataka gig workers seek implementation of welfare schemes

In a letter to the board’s chief executive officer, Indian Federation of App-based Transport Workers (IFAT) and Karnataka App-based Workers Union (KAWU) sought immediate rollout of health and accident insurance, income support during medical emergencies and temporary disablement, maternity benefits, scholarships for children of platform workers and an emergency distress fund.

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India fastest-growing Asia market for NetApp; BFSI and public sectors key growth drivers: CEO

The San Jose-based data infrastructure company has also grown its global capability centre in Bengaluru, with the majority of global R&D processed out of the centre. With a team of about 4,000 engineers, the centre is the largest for NetApp and is core to the global innovation work for the company across technology areas.

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OpenAI safety employee quits, calls for nuclear-level safeguards

David Robinson, who previously led transparency work on OpenAI’s safety team, wrote in an essay that the ChatGPT maker “has thrived by trial and error.” However, he said the stakes of the inevitable failures that come from that approach are growing along with the technology’s capabilities, citing OpenAI’s failure to prevent its AI from going rogue during testing.

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Twitter cofounder Jack Dorsey's app Bitchat removed by Apple in India

Apple has removed Jack Dorsey-backed offline messaging app Bitchat from its India App Store following a government takedown order under Section 69A of the IT Act.

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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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