Good day,
On sale: A Welsh island with a Nineteenth-century fort.
Located three nautical miles off the coast of Pembrokeshire in west Wales, United Kingdom, the non-public island is house to a Nineteenth-century fort. And it’s on sale for £3 million ($4 million), CNN studies.
Highlights of the property embody a helipad, a coated rooftop bar with a video games room, and a sea-view workplace.
The island may in all probability be the proper retreat for some OpenAI workers, who’re reportedly anticipated to obtain bonuses price thousands and thousands. The payout is because of the demand for AI expertise available in the market.
Subsequent up: a public service announcement.
Watch what you say in work conferences as AI is listening and taking notes. Some customers have observed offhand feedback being added to the notes, together with lunch plans and feedback about purchasers, studies The Wall Avenue Journal.
Lastly, YourStory is proud to help CXXO—an initiative by Kalaari Capital that goals to bridge the gender hole in entrepreneurship.
Annually, CXXO publishes the State of Ladies Entrepreneurship in India report back to highlight the evolving panorama of women-led ventures. This 12 months’s version explores how early instructional and profession selections form the founder journey.
Whether or not you are a founder, investor, operator, company chief, or ecosystem enabler—your expertise issues. We’d be grateful if you happen to may take a couple of minutes to share your enter right here.
In at the moment’s e-newsletter, we’ll speak about
Infibeam sharpens funds, AI focusIndia’s push for indigenous AI modelsDriving a digital banking revolution
Right here’s your trivia for at the moment: Which lady mathematician performed a key function in calculating trajectories for NASA astronauts?
Fintech
Infibeam sharpens funds, AI focus
Infibeam Avenues Ltd reported a 12.3% decline in quarterly revenue as increased bills outpaced income development. Revenue after tax attributable to homeowners fell 12.3% year-on-year to Rs 61.25 crore within the quarter ended June 30, 2025 (Q1 FY26) from Rs 69.85 crore a 12 months earlier.
The corporate says it should now double down on funds and synthetic intelligence (AI) by CCAvenue and its Phronetic.ai unit.
Strategic shift:
The funds enterprise generated Rs 1,226.48 crore in income within the quarter, up 74.0% from Rs 704.78 crore, with revenue rising 49.0% to Rs 51.16 crore. CCAvenue continued so as to add over 2,000 retailers each day in Q1 FY26, with over 70% of TPV coming from MDR-based choices and a low reliance on zero-MDR UPI.The corporate introduced plans for what it calls a “first-of-its-kind” International Agentic AI Market in Mumbai, which is able to enable builders, enterprises, and people to construct, purchase, promote, and function AI brokers as purposeful digital co-workers.The fintech agency additionally stated it should promote its ecommerce platform infrastructure enterprise to its subsidiary Rediff.com India Ltd in a Rs 800.39 crore deal. Rediff will fold the platform into its RediffOne enterprise suite—alongside its electronic mail, information and funds merchandise.
Synthetic Intelligence
India’s push for indigenous AI fashions
Conventional AI fashions, predominantly skilled on English or main Indian languages like Hindi, usually fail to seize the nuances of regional languages and native cultural contexts. Authorities-backed startups are positioned to bridge this hole, creating AI fashions that really perceive and serve India’s numerous inhabitants.
These homegrown options are positioning India as a pacesetter in inclusive AI improvement, providing a blueprint for different numerous nations searching for to construct expertise that serves their distinctive populations, reasonably than adapting to Western-centric fashions.
Indigenous options:
Bengaluru-based Sarvam AI is constructing massive language fashions skilled fully on Indian information and languages. The AI agency has been chosen by the Indian authorities to develop a sovereign LLM as a part of the IndiaAI Mission.One other Bengaluru-based startup, Gnani.AI, chosen underneath the IndiaAI Mission to construct voice LLM, is constructing voice-first agentic AI platforms. These platforms combine speech recognition, pure language processing, and process automation to energy AI brokers.Ola Krutrim, based by Ola CEO Bhavish Aggarwal, is concentrated on constructing an entire AI computing stack for the Indian market. The corporate has constructed foundational massive language fashions, an AI cloud platform with highly effective computing assets, and instruments like AI Studio, its personal AI-optimised silicon chips.
High Funding Offers of the Week
Startup: The Sleep Firm
Quantity: Rs 480 Cr
Spherical: Collection D
Startup: Renee Cosmetics
Quantity: $30M
Spherical: Collection C
Startup: Fibe
Quantity: Rs 225 Cr
Spherical: Non-convertible debentures
GCC
Driving a digital banking revolution
The India GCC for NatWest Group, the UK-focused financial institution with over 20 million clients, is taking part in a pivotal function in enabling the digitisation framework of the financial institution, corroborated by the truth that 97% of its new retail accounts had been opened by digital channels.
In an e-mail interview, Dhiraj Anand, Head of Retail, Digital X and Retail Banking Operations India at NatWest Group India particulars the GCC’s journey, and the way the centre is leveraging synthetic intelligence to ship newer choices to the purchasers.
Information & updates
Restoration: Take-Two Interactive Software program shares rose 3.5% on Friday because the Zynga proprietor’s sturdy forecast signaled a rebound within the cell gaming business following a years-long post-pandemic droop.Sustained demand: Taiwan Semiconductor Manufacturing Co reported a 26% development spurt in July, including to proof of accelerating spending on synthetic intelligence. The chipmaker for NVIDIA and Superior Micro Gadgets Inc stated that gross sales final month totaled NT$323.2 billion ($10.8 billion).Regulatory clearance: UK antitrust officers stated they wouldn’t open an in-depth probe into Boeing’s deal to amass fuselage maker Spirit AeroSystems Holdings, successfully clearing the transaction weeks after they launched the primary section of an investigation.
Which lady mathematician performed a key function in calculating trajectories for NASA astronauts?
Reply: Katherine Johnson
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