ideaForge revenue soared 437%. So why is it losing money?

Source: Your story

ideaForge revenue soared 437%. So why is it losing money?

Startups

Anthropic is introducing watermarks for Claude to meet EU transparency rules, while Nvidia released the open-source Nemotron 3.5 Lightning model. IBM and Together AI signed a $240 million deal for an AI computing cluster. Discovered Materials raised $9 million for semiconductor AI. Meanwhile, ideaForge reported Q1 losses despite revenue growth, Nexular is expanding EV connectivity, and Meta's smart glasses face bans in UK courts.

Read Full Story

Why mastery begins with small steps and steady progress

Startups

Greatness is built gradually through a sequence of mastering basic skills before achieving extraordinary success. The process requires patience, persistence, and the willingness to embrace failure as a learning tool. By breaking large goals into manageable steps and focusing on personal growth rather than comparison, individuals build a strong foundation. Ultimately, consistent daily effort and respecting each stage of development are essential for reaching one's full potential.

Read Full Story

Table Space All Set For IPO, Watermarking AI & More

Business

Managed workspace provider Table Space has filed for an IPO featuring a ₹800 crore fresh issue and an offer for sale. Despite narrowing losses, the company remains unprofitable. Meanwhile, logistics unicorn Porter reported a net profit of ₹229 crore for FY26, and LEAP India’s IPO was oversubscribed 8.38 times. Additionally, Blinkit and Zepto face regulatory scrutiny over food safety violations at their warehouses in Mumbai and Bengaluru.

Read Full Story

Phoebe Gates and Sophia Kianni reportedly knew Phia was ‘cookie stuffing’ for months

Startups

Shopping startup Phia, co-founded by Phoebe Gates and Sophia Kianni, faces allegations of "cookie stuffing" to unfairly claim affiliate commissions from retailers like Nike and Nordstrom. While Phia initially called the practice a bug, leaked messages suggest the founders knew it was a purposeful feature. The company has also struggled with significant employee turnover and controversies regarding the secret collection of sensitive user data across the web.

Read Full Story

Accel closes oversubscribed $550M India fund within weeks, 19 months after its last

Startups

Accel has closed an oversubscribed $550 million India fund as part of a larger $3.5 billion global fundraising effort. The firm aims to invest in AI applications, fintech, consumer internet, and advanced manufacturing, viewing AI as a horizontal technology. While Accel will deploy this new capital starting in 2027, it continues investing from a previous fund, reflecting strong confidence in the quality of Indian entrepreneurs.

Read Full Story

Uber surprised robotics company Serve by selling its entire stake

Startups

"Uber has sold its entire stake in Serve Robotics, an autonomous delivery robot company that originated as a division of Postmates. The divestiture follows a period of diverging business strategies and a decline in robot utilization on Uber's platform. Serve Robotics CEO Ali Kashani indicated that the companies hold differing views on scaling their fleet, suggesting the partnership likely will not be renewed when it expires in early 2027.".

Read Full Story

FBI says cybercriminals are hacking into victims’ online accounts to steal their intimate pictures

Startups

The FBI has issued a warning about cybercriminals hacking social media accounts to steal intimate images and videos from adults and children. Using social engineering, phishing, and brute-force attacks, perpetrators extort victims or publish content online, leading to harassment and stalking. To protect themselves, the FBI recommends using unique passwords, enabling multi-factor authentication, remaining skeptical of unsolicited support messages, and avoiding storing sensitive media in online accounts.

Read Full Story

OpenAI launches ChatGPT desktop app for Linux

Startups

"OpenAI has launched a preview version of its ChatGPT desktop app for Linux, expanding its reach across all major desktop operating systems. The worldwide release supports Ubuntu 24.04 and 26.04 LTS, Debian 13, and Fedora 43 and 44, as well as compatible downstream distributions. The app provides access to ChatGPT, ChatGPT Work, and Codex, following a similar recent move by competitor Anthropic with its Claude app.".

Read Full Story

Google’s Gemini app surges to one billion users

Startups

Google CEO Sundar Pichai announced that the Gemini app has surpassed 1 billion monthly active users, becoming the company's 14th product to reach this milestone. This growth puts Gemini on par with OpenAI's ChatGPT. Google continues integrating the AI across its ecosystem, introducing Gemini 3.5 Flash for coding and agents. The app sees high engagement, with 150 million daily images generated and 100 million active users on iOS.

Read Full Story

Bluesky’s active user base is shrinking as its focus expands beyond the app

Startups

Bluesky is struggling to maintain its post-election momentum, with monthly active users falling 27.2% year-over-year to 10.4 million by June 2026. Despite this decline, CEO Toni Schneider is shifting focus toward the AT Proto protocol to support various social apps and new features like private data. Meanwhile, X's mobile usage has dipped slightly, while Meta's Threads continues to grow, reaching 147 million daily active users.

Read Full Story

What’s Scaleup Europe, the $5.7B fund that just backed satellite company ICEYE?

Startups

"The European Commission has launched the Scaleup Europe Fund, managed by Swedish firm EQT, to provide growth-stage funding for EU startups in strategic sectors. Aiming for an initial €5 billion target, the fund seeks to enhance European tech sovereignty and global competitiveness. Its first investment was made in Finnish satellite intelligence company ICEYE. The fund is anchored by a €1 billion Commission investment alongside several institutional investors.".

Read Full Story

Brad Lightcap, OpenAI’s longtime COO, is leaving to ‘start something new’

Startups

"Brad Lightcap, a long-serving executive and former CFO and COO of OpenAI, is leaving the company to launch a new venture. Joining in 2018, Lightcap played a key role in building the firm's operational and business teams. His departure comes amid a broader shakeup of top-level leadership, including the exits of Fidji Simo and others, as OpenAI prepares for a potentially significant industry-wide initial public offering.".

Read Full Story

General Catalyst leads $1.1B round into 2-month-old River AI

Startups

River AI, a startup founded by xAI co-founder Igor Babuschkin, has a fascinating vision for personal agents and secured $1.1 billion out of the gate.

Read Full Story

Mobavenue AI Q1: PAT Zooms 94% YoY To ₹12 Cr, Revenue Up 57%

Business

Mobavenue AI Tech reported a significant increase in its financial performance for Q1 FY27. The listed adtech company's net profit surged 94.3% year-on-year to ₹11.7 crore, while operating revenue grew 57% to ₹72.8 crore. Total income reached ₹75 crore, including other income. Despite these gains, total expenses also rose, increasing 54.7% year-on-year and 15.5% sequentially to reach ₹59.5 crore during the first quarter.

Read Full Story

An unreleased Anthropic model made progress on one of math’s biggest unsolved problems

Startups

Anthropic announced that an unreleased AI model made significant progress on the 150-year-old Riemann hypothesis, increasing the lower bound of solutions. Using 60 sub-agents to test 650 ideas, the model's findings were verified by mathematicians and formalized using Lean. This breakthrough, alongside other AI-led mathematical successes, has sparked debate among experts regarding the future of authorship and the nature of scientific discovery.

Read Full Story

Joby Aviation builds out defense business with $500M acquisition

Startups

Joby Aviation has agreed to acquire Resonant Sciences for $500 million in cash and stock to expand its defense capabilities. The Ohio-based company, specializing in radio frequency and sensor systems, will form a dedicated defense division led by CEO J. Micah North. This acquisition provides Joby with immediate revenue and government access, allowing the company to focus its primary resources on certifying and launching its electric air taxi network.

Read Full Story

Delta investigating after someone set up fake Wi-Fi network mid-flight

Startups

"A passenger on a Delta flight from Las Vegas to Atlanta allegedly created a fake Wi-Fi network to impersonate the plane's legitimate service. Pilots alerted air traffic control, and the airline disabled the official Wi-Fi for 30 minutes. Delta stated that flight safety and aircraft systems were not compromised. The airline is investigating the incident with federal authorities, noting some passengers had attended cybersecurity conferences in Las Vegas.".

Read Full Story

Zepto Faces Fresh Regulatory Heat As Bengaluru Warehouse Sealed Over Food Safety Violations

Business

"Karnataka's Food Safety Division sealed a Zepto warehouse in Bengaluru’s Hoskote due to misbranding, non-compliant labelling, and unhygienic food storage conditions. Authorities issued a notice and recommended legal action following a special inspection drive. This regulatory crackdown occurs as the quick commerce unicorn pauses its IPO plans over valuation concerns, amid reports of increasing net losses despite a significant rise in the company's operating revenue.".

Read Full Story

Porter FY26 Profit Skyrockets 4X YoY To ₹229 Cr, Revenue Up 54%

Business

Logistics unicorn Porter reported a significant financial surge in FY26, with net profit jumping 314% to ₹229 crore. Operating revenue grew 54.4% to ₹6,650 crore, driven primarily by its core goods transportation services. While total expenses rose 52% to ₹6,505.4 crore, largely due to fleet operator costs, the company continues to scale. Porter currently serves 30 lakh customers across 35 Indian cities, aiming for further expansion by 2030.

Read Full Story

2025’s most downloaded game, Block Blast!, is going ad-free on Apple Arcade

Startups

Apple announced that Block Blast!+, an ad-free version of the highly popular puzzle game, will launch on Apple Arcade on September 3. As the most downloaded free iPhone game of 2025, Block Blast! has reached hundreds of millions of installs. The new subscription version addresses user complaints regarding frequent ads. Other titles, including Art of Fauna: Cozy Puzzles+, will also join the service on the same date.

Read Full Story

Categories