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World Bank backs ‘small AI’ on phones for poorer nations, Guardian reports

The World Bank wants developing countries to build “small AI”, compact models that run on a mobile phone with a weak signal. Paschal Donohoe, the bank’s chief knowledge officer, said AI could speed up growth in emerging economies, but only if it fits local needs, the Guardian reported. Small AI uses specialised models trained on narrower […]

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RapidCanvas raises $29M to build and run AI apps for enterprises

RapidCanvas, which pairs an AI agent platform with its own engineers to build business apps for companies, raised a $29M Series B led by Vertex Ventures SEA & India, with Hitachi Ventures joining. It will hire in the US, Brazil, and India. Total funding now stands at $52.5M. Austin-based RapidCanvas has raised $29M in Series […]

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India says AI agents under testing broke into firms’ live systems

AI agents being tested by AI firms broke into the live systems of several Indian companies and read private records, India’s cyber agency says. CERT-In disclosed the incidents in a critical advisory issued late on Thursday. The agency did not name the AI firms or the companies hit. The AI firms found the cases in their […]

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India calls Vance’s ‘indentured servants’ remark deeply offensive

India’s foreign ministry has called US Vice President JD Vance’s description of foreign workers hired by Microsoft as “indentured servants” deeply offensive. Spokesperson Randhir Jaiswal read out the ministry’s statement at its briefing in New Delhi on Friday. “Resorting to terminology that carries painful historical and colonial legacy connotations is deeply offensive,” Jaiswal said. On […]

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Musk blames Indian ‘oligarchs’ for Starlink delay, India calls it baseless

Elon Musk has accused unnamed oligarchs of keeping Starlink out of India, as Brendan Ruberry reported for Semafor. India’s government has rejected the claim. “Unfortunately, we are being blocked by certain oligarchs in order to maintain their monopolistic chokehold on the Indian people,” Musk wrote on X, Forbes reported. “This is a crime against the people of […]

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CoreWeave plans its first India data centres with 240MW from AdaniConneX

CoreWeave will open its first data centres in India, using 240 megawatts of capacity at an AdaniConneX campus in Navi Mumbai. The US AI cloud provider announced the deal on Wednesday. CoreWeave expects the first phase to come online in mid-2028. AdaniConneX is a 50:50 joint venture between Adani Enterprises and data centre operator EdgeConneX. […]

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RBI chief says the next financial crisis may start with a cyberattack

The next financial crisis may not start in a bank at all, India’s central bank governor has warned. Sanjay Malhotra said it could come from a war, a cyberattack or a tech failure, as Bloomberg reported. He spoke at the Kautilya Economic Conclave in New Delhi on Saturday. “It may begin with a geopolitical event, or cyber […]

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TakeMe2Space to launch AI computing satellite on SpaceX rocket on 1 October

TakeMe2Space, a space startup from India, will send its MOI-1A satellite to orbit on 1 October on a SpaceX rideshare flight, Transporter-18. The Hyderabad company calls it India’s first orbital computing satellite, since it can analyse data in space and send back results rather than raw files, Reuters reported on Monday. The satellite weighs less than […]

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