Inference startup Infinity raises $15M from Touring Capital, OpenAI and Athropic researchers

Startups • Dominic-Madori Davis

AI infrastructure startup Infinity has raised $15 million at a $100 million valuation to challenge Nvidia's market dominance. Founded by Jeremy Nixon, the company is developing a universal inference library and an AI agent called Ignition that automatically writes and optimizes low-level kernel code for various chip architectures. This software aims to provide a CUDA-like stack, enabling diverse hardware to run AI models more efficiently and rapidly.

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Business • Team Inc42

Paytm reported a strong Q1 FY27 with profits rising 79% to ₹220 crore and revenue hitting ₹2,448 crore, driven by AI and payment growth. Meanwhile, NVIDIA is offering credit support to AI.

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Startups • Your story

British startup CuspAI secured $450 million to discover new materials, while OpenAI appointed Uday Ruddarraju as CTO of Compute to expand infrastructure. In politics, Andy Burnham became Britain's Prime Minister, and Japanese Mayor Shoko Kawata made history by taking maternity leave. Additionally, Bengaluru-based Metastable Materials is refining industrial metals from battery waste, and the Indian rupee declined amid rising oil prices and Middle East tensions.

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Business • Lokesh Choudhary

Bengaluru-based Transition VC has launched its second fund with a target corpus of ₹1,500 crore to support engineering-led startups. The firm plans to invest $2 million to $5 million in over 20 companies focusing on energy transition, advanced manufacturing, and industrial deeptech over the next four years. Deployments will begin in Q3 FY27, targeting startups with proven technical feasibility and early commercial traction to drive India's energy transition.

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Startups • Your story

"Gurugram-based travel platform 30 Sundays has raised Rs 61 crore in Series A funding led by Bessemer Venture Partners, with Info Edge and Eximius Ventures participating. The AI-native startup will use the capital to enhance its technology, expand its team, and enter new markets like Georgia and the Philippines. Currently boasting a Rs 200 crore GBV run rate, the company aims to simplify outbound leisure travel.".

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Startups • Kirsten Korosec

A federal judge has given final approval to Anthropic’s $1.5 billion settlement in a class action copyright lawsuit. The payout provides $3,000 per work for approximately 500,000 copyrighted books. While the court ruled that AI training constitutes fair use, it found Anthropic’s use of pirated sources illegal. This landmark settlement does not set a binding precedent for other ongoing AI copyright disputes involving companies like Google and OpenAI.

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Startups • Marina Temkin

Colossal Biosciences, a de-extinction startup aiming to resurrect species like the woolly mammoth, is seeking new funding at a valuation between $20 billion and $30 billion. The company has begun generating revenue through government conservation contracts and several spin-off ventures in AI and biology. Additionally, Colossal is developing artificial womb technology and plans to eventually monetize biodiversity credits by reintroducing extinct animals to their native habitats.

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Startups • Julie Bort

Chris Fall has resigned as director of the Center for AI Standards and Innovation (CAISI) after only three months. CAISI, part of the National Institute of Standards and Technology, develops AI technical standards and assesses cybersecurity risks. Fall's departure follows a period of leadership instability and coincides with broader debates over AI safety programs, industry-led regulation, and the competitive threat posed by Chinese open-weight AI models.

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Startups • Lucas Ropek

Alphabet is developing a new server chip, "Frozen v2," to enhance the efficiency of its Gemini AI models. Expected by 2028, the chip could be six to ten times more efficient than current hardware. This move follows a broader industry trend of reducing dependence on Nvidia. The news has boosted investor confidence and Google's stock price ahead of its earnings report, amid massive planned AI infrastructure expenditures.

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Startups • Russell Brandom

The Model Context Protocol (MCP), which enables AI models to access external data, is receiving a significant update to improve scalability. By shifting from stateful to stateless session ID management, the protocol will better support large-scale deployments across multiple servers and load balancers. This technical change aims to reduce maintenance costs and encourage companies to implement first-party integrations, addressing a key infrastructure bottleneck in agentic AI development.

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Startups • Sarah Perez

X has launched a completely rebuilt Android app, developed from the ground up over nearly a year to improve performance, reliability, and user experience. Built using a modern Kotlin and Jetpack Compose stack, the update aims to fix previous stability issues and accelerate the rollout of new features. While some refinements for older devices and Spaces support are pending, the app is now available via the Google Play Store.

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Startups • Tim Fernholz

The release of China's Kimi K3 open-weight model has sparked a debate over AI regulation in the US. While some American frontier labs push for bans citing security and safety risks, critics argue that open models accelerate innovation and lower costs. Experts suggest that restricting these models protects corporate profits rather than national security, proposing chip export controls as a more effective strategy to maintain US leadership.

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Startups • Marina Temkin

The one-year-old startup aims to reinvent financial architecture for autonomous AI transactions.

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Startups • Aisha Malik

"A U.S. District Judge has issued a 14-day pause on Paramount Skydance’s proposed acquisition of Warner Bros. Discovery following a lawsuit from 12 state attorneys general. Led by California, the coalition argues the merger would stifle competition in theatrical film distribution and basic cable licensing, harming audiences and theaters. The delay threatens Paramount's strategy to compete with Netflix by consolidating major studios and streaming platforms.".

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Business • Team Inc42

"Paytm's board has rejected a proposal to issue bonus shares, deciding instead to prioritize compounding growth and profitability to enhance long-term shareholder value. This decision follows the announcement of the company's Q1 FY27 financial results, which showed a significant 78.8% year-on-year increase in consolidated net profit to ₹220 crore and a 27.6% rise in operating revenue, reaching ₹2,448 crore for the quarter.".

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Business • Team Inc42

Paytm reported a strong financial performance for Q1 FY27, with consolidated net profit surging 78.8% year-on-year to ₹220 crore. The fintech major's operating revenue grew 27.6% to ₹2,448 crore, while total income reached ₹2,630 crore. Despite these gains, total expenses increased by 18.2% to ₹2,383 crore. Sequentially, profit rose 20.2% from the previous quarter, reflecting steady growth in the company's overall financial trajectory.

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Startups • Your story

Being less judgmental involves understanding human complexity and replacing assumptions with curiosity. The article recommends seven books, including "To Kill a Mockingbird" and "Humankind," to help readers develop empathy and recognize shared humanity. These works, ranging from memoirs to philosophy, illustrate how hidden struggles and unconscious biases shape behavior. Ultimately, exploring these diverse perspectives encourages a more compassionate approach to others by revealing their untold stories.

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Startups • Ivan Mehta

Adobe is updating its experimental iOS camera app, Project Indigo, with new AI-powered features. These include LLM-driven photo critiques, capture and edit suggestions, and advanced object removal using deterministic toggles. The app also introduces depth of field generation and style transfer options. Powered by Google’s Gemini-based Nano Banana, these tools are currently in a testing phase for select users to refine photography skills and editing.

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Startups • Lorenzo Franceschi-Bicchierai

Two critical security flaws in WordPress’ software have given hackers the chance to remotely take over tens of millions of websites, according to an estimate by a cybersecurity researcher.

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Startups • Sarah Perez

YouTube has updated its monetization policies to combat "AI slop" and low-quality content farming. The revised guidelines identify three types of inauthentic content ineligible for the YouTube Partner Program: repetitive template-based videos, distressing or manipulative content, and AI personas discussing sensitive topics like finance or health. These changes, effective July 16, aim to protect platform quality and ad revenue by discouraging mass-produced, low-value content.

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Categories

Inference startup Infinity raises $15M from Touring Capital, OpenAI and Athropic researchers

Paytm’s Q1 Show, NVIDIA’s New GPU Game Plan & More

Turning battery waste into industrial metals; OpenAI elevates Uday Ruddarraju to CTO of Compute

Transition VC Launches ₹1,500 Cr Fund To Back Deeptech Startups

Traveltech startup 30 Sundays raises Rs 61 Cr led by Bessemer Venture Partners

Anthropic’s landmark $1.5B copyright settlement is approved

Colossal Biosciences reportedly in talks to raise new capital at $20B–$30B valuation

Trump’s latest AI czar has already resigned

Google is working on a new AI chip designed to make Gemini more efficient

AI’s most important protocol is getting a little bit easier to use

X relaunches a rebuilt Android app after year-long effort

OpenAI is scared of open-weight models. Should the US be?

Natural raises $30M to reinvent payments for AI agents — and take on Stripe

Judge pauses $110B Paramount-Warner Bros merger

Paytm’s Board Shoots Down Proposal To Issue Bonus Shares

Paytm Mints ₹220 Cr Profit In Q1, Revenue Up 28% To ₹2,448 Cr

7 Books that teach you how to become less judgmental

Adobe camera app’s new feature will critique your photos using AI

Hackers are exploiting recently patched WordPress bugs, putting millions of websites at risk

YouTube clarifies policies around AI slop and upsetting videos