Top Startup Headlines
SEBI forms task force to counter risks from AI tools like Mythos
SEBI issued an advisory warning regulated entities about security risks posed by AI tools for vulnerability detection, including Anthropic's Mythos. It formed a task force named cyber-suraksha.ai, with representatives from market entities, stock exchanges, and other stakeholders. The group will examine cyber threats, develop mitigation strategies and ensure timely reporting of vulnerabilities.
OpenAI may spend $50 billion on computing power in 2026: Brockman
OpenAI expects to spend $50 billion on computing power in 2026, its President and Co-founder Greg Brockman said while testifying during Elon Musk's lawsuit against the firm. He further said that OpenAI's computing costs have risen from $30 billion in 2017 to tens of billions of dollars this year. OpenAI plans to invest $600 billion in total compute by 2030.
Facebook Co-founder's fund to invest $100 mn/yr in India: Report
Facebook Co-founder Eduardo Saverin’s venture capital firm B Capital is increasing its focus on India, planning to invest $50 million to $100 million annually, Mint reported. The fund will target sectors such as AI, robotics and deep tech. With over $10 billion in assets under management, the firm considers India its second-largest market after the US.
OpenAI upgrades ChatGPT's default model with GPT-5.5 Instant
OpenAI has upgraded ChatGPT's default model and is starting to roll out GPT-5.5 Instant, replacing GPT-5.3 Instant. The upgrade gives users "smarter, clearer, and more personalised answers in a warmer, more natural tone" and is more concise than the previous version, OpenAI said. The firm released GPT-5.5 in April, which is restricted to paid users, while GPT-5.5 Instant is free.
QuTwo raises $29 mn, valued at $380 mn within two months: Report
QuTwo, a Finnish AI startup founded by former AMD Silo AI CEO Peter Sarlin, has raised $29 million and is valued at $380 million, TechCrunch reported. Until recently, QuTwo was solely funded by Sarlin's family office. Launched in February, QuTwo already has $23 million in committed revenue and works with companies like Zalando. Its competitors include Classiq and Zapata Computing.
China's Deepseek nears $45 bn valuation in its 1st funding round: Report
Chinese AI startup DeepSeek is in discussion for its first funding round at a valuation of about $45 billion, the Financial Times reported. China's biggest state-backed semiconductor investment vehicle, China Integrated Circuit Industry Investment Fund, may lead this funding round. In January 2025, DeepSeek sent shockwaves through global tech sector with the release of its AI model.
Bhavish Aggarwal's Krutrim shifts from AI model development to cloud services
Ola Founder Bhavish Aggarwal's generative AI startup Krutrim is shifting from AI model development and chip design to cloud services. This comes after the firm cut over 200 jobs over the past year and pulled its AI assistant app 'Kruti' from app stores in April 2026. Krutrim now operates a full-stack AI cloud platform built in-house, a spokesperson told Moneycontrol.
US startup launches AI model that reduces compute by 1,000 times
US-based startup Subquadratic has launched its large language model 'SubQ', which reduces compute by nearly 1,000 times compared to standard models. SubQ is the first model built on a fully sub-quadratic sparse attention architecture, which allows it to identify the context that matters and save compute, the firm said. The model outperforms Claude's Opus 4.7 in long context, Subquadratic said.
Deepinder Goyal rolls out 100 'Temple' devices for select users
Eternal Founder Deepinder said that his wearables startup Temple has produced its first batch of 100 devices, which will be rolled out to select users. "We're now inviting athletes, scientists, founders, doctors, creators…to be the founding users of Temple," he said in a post on X. The device will measure cerebral blood flow to optimise training, recovery, work and sleep.
ChatGPT to now be available as add-on on Excel & Google Sheets
ChatGPT is now available as an add-on for Microsoft Excel and Google Sheets. It will help users analyse data, write formulas, update spreadsheets, and explain their actions in real time. The feature is being rolled out globally across Business, Enterprise, Edu, K-12, and individual plans. “Understand formulas, find and fix errors, and quickly turn data into insights,” it said.