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QpiAI opens ‘Asia’s largest’ quantum chip foundry, targets 10,000-qubit processors

Startups

Quantum computing startup QpiAI has opened an eight-inch quantum processing unit manufacturing facility in Bengaluru, claiming it is Asia's largest. The facility currently produces superconducting processors with up to 128 qubits, with plans to reach 10,000 physical qubits by 2027. This foundry supports QpiAI's goal of creating Quantum Supremacy Centres that integrate quantum processors with AI chips for commercial applications and global exports.

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Ecommerce order volumes up 31% during Independence Day sales

Startups

"India's ecommerce sector saw a 31% year-on-year increase in order volumes and a 30% rise in gross merchandise value during the 2026 Independence Day sale, according to Unicommerce. Fashion and accessories, particularly apparel, led in total order volumes, followed by beauty and personal care. The FMCG segment was the fastest-growing category, increasing nearly 100%, with healthy food products emerging as a significant trend among consumers.".

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6 Books that explore the connection between art and emotions

Startups

Art serves as a powerful language for expressing complex human emotions and experiences. Various books explore this connection, ranging from historical perspectives and personal perception to therapeutic uses and neuroscience. These works highlight how creativity helps individuals process grief, find healing, and understand their inner worlds. Ultimately, art acts as a bridge between internal feelings and external expression, fostering deeper connections between people and their surroundings.

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7 IPOs eye Rs 6,400 Cr this week

Startups

India's IPO market is surging with seven companies raising ₹6,400 crore, while investors speculate on a massive potential IPO for AI firm Anthropic. AI continues to disrupt industries, from Hollywood filmmaking to Tagbin's 3D building designs and Kusho AI's software testing. Other highlights include Bangladesh's historic cricket win over Australia, China's neutrino research breakthroughs, and new Indian tax policies alongside energy security measures to combat supply disruptions.

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Source: Tech Crunch

Stripe will reportedly acquire AI gateway startup OpenRouter for $7B+

Startups

"Stripe has reportedly finalized a deal to acquire OpenRouter for over $7 billion, according to Bloomberg. OpenRouter provides a single access point for over 400 AI models, serving 8 million global users and preventing vendor lock-in. Previously valued at $1.3 billion after a $113 million Series B round, the startup helps customers optimize AI tasks based on budget. Stripe has declined to comment on the acquisition rumors.".

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Source: Tech Crunch

Why people aren’t buying Mark Zuckerberg’s AI future

Startups

Meta CEO Mark Zuckerberg recently published an optimistic essay envisioning a future where personal AI agents empower everyone. However, TechCrunch analysts remain skeptical, citing Zuckerberg's history of unmet promises regarding social connection. Critics argue the vision is overly abstract and ignores potential risks, suggesting Meta is attempting to reposition itself in the AI market despite lacking a dominant consumer presence or accessible hardware for all users.

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Source: Tech Crunch

Anthropic CEO says AI backlash is ‘fundamentally a crisis of trust’

Startups

Anthropic CEO Dario Amodei defended his balanced approach to discussing AI's risks and benefits after investor Gavin Baker accused him of fueling public backlash. Amodei argued that negative perceptions of AI stem from a general crisis of trust in institutions rather than his warnings. He emphasized that AI companies must deliver on their promises and stated that Anthropic's regulatory proposals aim to support smaller competitors.

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Source: Tech Crunch

TechCrunch Mobility: The shifting flight path of electric air taxis

Startups

The electric aviation sector is consolidating as Archer Aviation acquired Wisk Aero from Boeing, and Joby Aviation purchased Resonant Sciences for $500 million to expand into defense. Meanwhile, Uber sold its stake in Serve Robotics and invested in Chilean fintech Galgo. In autonomous driving, Waymo expanded its California operations, while Aurora Innovation and Kodiak AI received permits to test self-driving trucks on public roads in California.

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IPO wave: Seven cos eye to raise Rs 6,400 Cr next week

Startups

Seven companies, including Horizon Industrial Parks and Lalithaa Jewellery Mart, plan to raise over Rs 6,400 crore through initial public offerings between August 17 and 21. Other participants include Augmont Enterprises, Gaja Alternative Asset Management, Shankesh Jewellers, Sunshine Pictures, and Tempsens Instruments. The funds will support business expansion and debt repayment. This surge brings the expected 2026 IPO total to 55, with Skyways Air Services following on August 24.

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Efficiency, lifespan, environment: test your business creativity with Edition 245 of our weekly quiz!

Startups

YourStory’s 245th edition of Lateral Sparks highlights five startups solving real-world challenges. Reneonix improves glass recycling traceability, while WalkAbout India supports active lifestyles for seniors. Aule Space extends satellite lifespans via propulsion technology, and SunCharge Motors integrates solar panels into electric three-wheelers to increase efficiency. Finally, GetVantage provides cash-flow-based financing for MSMEs, addressing traditional lending gaps to foster business growth and economic development.

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PM Modi’s AI bet: Train 1 crore youth in one year

Startups

Prime Minister Narendra Modi announced plans to train one crore youth in AI and provide free coaching for competitive exams. The government also aims to expand the Lakhpati Didis scheme to six crore women. Meanwhile, Indian venture capital funding dipped to $146 million recently, though Yulu secured $93 million. Other news includes Swakshatra’s work with trauma survivors, heat affecting French champagne grapes, and NVIDIA’s $21 billion SpaceX stake.

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Curiosity is more important than expertise: insights from the inspiring Ritz-Carlton art walk

Startups

"The Ritz-Carlton in Bengaluru transforms luxury hospitality into a living art gallery, featuring over 1,200 artworks integrated into its design. Guests can experience a curated Art Walk led by Surekha Sundaram or participate in an interactive Art Hi-Tea featuring edible art. Designed by WATG and inspired by Lal Bagh Botanical Gardens, the hotel blends architecture and fine art to provide an immersive, multi-sensory cultural journey.".

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Source: Tech Crunch

Woman claims her stepfather used Grok to transform childhood photo into explicit imagery

Startups

"Jane Doe 4 has joined a lawsuit against Elon Musk’s xAI, filed by three Tennessee teenagers, alleging the chatbot Grok facilitated the creation of child sexual abuse material. The woman claims her stepfather used the tool to generate thousands of explicit images of her as a child. The plaintiffs argue xAI lacked necessary precautions to prevent such abuse and are currently seeking class action status for their suit.".

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Source: Tech Crunch

Anthropic shares more details about how Claude’s new watermarks will work

Startups

Anthropic is implementing text watermarking for its Claude chatbot to comply with the EU AI Act’s Transparency Code. Using Google DeepMind's SynthID-Text approach, the system creates undetectable patterns in word choices without affecting output quality. While complete rewrites can remove the watermark, light editing typically cannot. Anthropic plans to release a detection API, noting that other major AI developers will also adopt similar transparency measures.

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Source: Tech Crunch

SpaceX officially closes its Cursor acquisition

Startups

"AI coding startup Cursor has officially been acquired by SpaceX for $60 billion. Following a partnership established in April, the deal closed after SpaceX transitioned to a public company. By joining SpaceX, Cursor gains access to one of the world's largest GPU fleets and advanced computing infrastructure. This move aims to scale artificial intelligence capabilities, with Cursor serving as a primary tool to make that intelligence useful.".

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Source: Tech Crunch

How to tell if your AI platforms’ accounts have been hacked

Startups

Hackers can target AI platforms like ChatGPT, Claude, and Perplexity. To enhance security, users should employ password managers and multi-factor authentication, which ChatGPT and Perplexity support. Claude utilizes email login links instead of passwords. Each platform provides methods to monitor or terminate active sessions to remove unauthorized access. Users can secure their accounts by logging out of unrecognized devices and resetting credentials where applicable.

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Source: Tech Crunch

Every fusion startup that has raised over $100M

Startups

Advances in AI, computing, and superconducting magnets have accelerated the pursuit of commercial fusion power. Following a landmark scientific breakeven by a U.S. lab, several well-funded startups, including Commonwealth Fusion Systems and Helion, are developing diverse reactor designs. These companies, backed by billions in private capital, aim to provide nearly limitless energy, with some targeting operational power plants as early as 2027 or 2028.

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PM Modi lays out seven-point 'Sapta Dhara' framework for 'Viksit Bharat'

Startups

Prime Minister Narendra Modi introduced the 'Sapta Dhara' reform framework during India's 80th Independence Day address to accelerate the nation's goal of becoming developed by 2047. This seven-point strategy focuses on manufacturing, agro-food production, technology, logistics, defence, the green and blue economy, and soft power. Modi emphasized a holistic approach, urging self-reliance and global competitiveness to leverage youth power and establish India as a trusted global partner.

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PM Modi announces free online coaching for youth

Startups

Prime Minister Narendra Modi announced free online coaching for competitive exam aspirants and AI training for one crore youth during India's 80th Independence Day address. Aiming to reduce financial burdens on families, the initiative leverages digital infrastructure and talent. Modi also highlighted educational advancements since 2014, including the addition of 650 universities, increased medical seats, a new education policy, and the arrival of foreign universities in India.

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Global innovation hub to AI skill training for 1 Cr youth: PM Modi outlines nation’s tech ambitions

Startups

Prime Minister Narendra Modi emphasized technology and innovation as central to India's growth during his 80th Independence Day address. He outlined a vision for "Viksit Bharat," focusing on AI, quantum computing, space, and robotics. To prepare the workforce, the Prime Minister announced AI skill training for one crore youth over the next year. Additionally, he urged India to lead in digital public technologies and implement Made-in-India 6G nationwide.

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