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Chinese AI giant DeepSeek has revealed that training its reasoning-focused R1 model cost just $294,000 (about Rs 2.6 cro...
19/09/2025

Chinese AI giant DeepSeek has revealed that training its reasoning-focused R1 model cost just $294,000 (about Rs 2.6 crore), a fraction of what US rivals like ChatGPT maker OpenAI reportedly spent.

The Hangzhou-based company said the R1 model was trained using 512 Nvidia H800 chips. The update marks the first public estimate of DeepSeek’s training costs, which are dramatically lower than figures cited by OpenAI.

CEO Sam Altman has previously said training foundational models cost his company “much more” than $100 million, though OpenAI has not disclosed exact numbers.

DeepSeek made headlines in January when it introduced low-cost AI systems that triggered a selloff in global tech stocks, as investors feared they could disrupt the dominance of companies like Nvidia.

Since then, the firm and its founder, Liang Wenfeng, have kept a low profile, aside from occasional product updates.

The Indian Space Research Organisation (ISRO) plans to send a half-humanoid robot named Vyommitra into space this Decemb...
19/09/2025

The Indian Space Research Organisation (ISRO) plans to send a half-humanoid robot named Vyommitra into space this December as part of its Gaganyaan program, ISRO Chairman V. Narayanan said in Coimbatore.

“We are in the advanced stage. This December, we plan to launch the first uncrewed mission, which will include Vyommitra instead of a human being. Once this is successful, two more uncrewed missions will follow next year,” Narayanan told ANI.

Adding further on "Gaganyatri", V. Narayanan said, "By the first quarter of 2027, we aim to send our own 'Gaganyatri' to space and bring it back safely."

The selected crew members have completed training, and preparations for the mission are underway.

ISRO also recently announced the successful completion of its first Integrated Air Drop Test (IADT-01), a milestone in the Gaganyaan program.

The test involved coordination among the Indian Air Force, Defence Research and Development Organisation (DRDO), Indian Navy and Indian Coast Guard.

A few days after disclosing a financial fraud of about Rs 40 crore, MobiKwik has clarified that the mishap was caused by...
19/09/2025

A few days after disclosing a financial fraud of about Rs 40 crore, MobiKwik has clarified that the mishap was caused by a “limited internal processing error” rather than a cybersecurity breach.

The error, which occurred between September 11 and 12, led to some failed transactions being incorrectly marked as successful, triggering unauthorised payouts to merchants concentrated in Haryana’s Nuh district.

According to the company, a group of merchants and users colluded to exploit the glitch and claim unfair settlements.

It filed a FIR with Gurugram police and began recovery efforts.

As part of risk control, MobiKwik froze around 2,000 merchant accounts linked to the fraud, while police separately froze about 2,500 beneficiary bank accounts where the disputed settlements were credited.

It's worth noting that the company has recovered around Rs 14 crore.

France-based aerospace manufacturer Airbus will establish a research and development Centre of Excellence at Gati Shakti...
19/09/2025

France-based aerospace manufacturer Airbus will establish a research and development Centre of Excellence at Gati Shakti Vishwavidyalaya in Vadodara, Gujarat.

Jürgen Westermeier, managing director at Airbus, informed Union Minister of Electronics and Information Technology Ashwini Vaishnaw about the plan during a meeting on Thursday. He noted that the company currently sources more than $1 billion worth of components annually from over 100 Indian suppliers.

According to Airbus, its sourcing operations contribute significantly to India’s economic growth, with over €1 billion in components and services exported globally each year.

19/09/2025

The launch of Apple’s iPhone 17 series on Friday drew large crowds outside its retail stores in Mumbai and Delhi, with a scuffle breaking out at the Bandra Kurla Complex (BKC) outlet.

According to a video shared by news agency PTI, at least two individuals were seen exchanging slaps and punches while others tried to intervene. Security personnel were called in to restore order as the situation briefly descended into chaos.

Despite the clash, many customers celebrated after securing the new iPhone 17 models, which went on sale in India on September 19 for both pre-booked and walk-in buyers. Prices for the series range from Rs 82,900 to Rs 2,29,900.

India’s gaming sector is facing a severe shake-up in the wake of the Promotion and Regulation of Online Gaming Act, 2025...
19/09/2025

India’s gaming sector is facing a severe shake-up in the wake of the Promotion and Regulation of Online Gaming Act, 2025, with Bengaluru-based Gameskraft becoming the latest casualty.

The company confirmed that it has suspended operations entirely and begun a sweeping restructuring exercise that includes laying off about 120 employees.

Founded in 2017, Gameskraft grew into one of India’s largest online gaming companies with offerings across card games, casual titles, and real-money formats.

Earlier this month, the company accused former CFO Ramesh Prabhu of siphoning off Rs 270.43 crore over nearly five years through personal trading in futures and options. The case is under police investigation.

Travel platform MakeMyTrip has partnered with food delivery company Zomato to offer on-train meal services for passenger...
18/09/2025

Travel platform MakeMyTrip has partnered with food delivery company Zomato to offer on-train meal services for passengers of Indian Railways.

Now, passengers booking train tickets on the MakeMyTrip app will also be able to order food for their journey. The service allows travellers to choose meals from over 40,000 restaurants listed on Zomato.

The meals will be delivered directly to their seats at over 130 railway stations across the country, the companies said.

MakeMyTrip said the collaboration is aimed at enhancing the overall travel experience by combining its booking services with Zomato’s extensive food delivery network.

18/09/2025

Union Minister of Railways, Information & Broadcasting and Electronics & Information Technology, Ashwini Vaishnaw has inaugurated the new office of ARM, a company that is involved in semiconductor design, in Bengaluru on September 16.

The minister said that the “most advanced chips used in AI servers, drones, mobile phones chips of 2 nm will be designed here”.

He said that the new Bengaluru unit of ARM will design chips including 2 nm chips for various electronic products, including mobile phones. He called this a significant milestone in India's semiconductor journey.

What if your big break came down to just 60 seconds?That’s exactly what happened at All in Capital’s ‘Elevator Pitch 2.0...
18/09/2025

What if your big break came down to just 60 seconds?

That’s exactly what happened at All in Capital’s ‘Elevator Pitch 2.0’, India’s first one-minute live pitch event.

Designed to spotlight underrepresented but high-potential founders from Tier 2/3 cities, this high-energy platform connects startup dreams with real-time investments.

SuperLiving, a preventive healthtech startup based in Mumbai, made that minute count.

The startup secured Rs 2 crore in funding on the spot, impressing investors with its AI-led approach to holistic wellness, combining nutrition, fitness, and mental health into a single regionalised platform. Their goal: to shift India’s mindset from treatment to prevention, especially outside urban metros.

The event itself is part of a larger thesis at All in Capital, a pre-seed and seed-stage fund co-founded by Kushal Bhagia and Aditya Singh.

With Fund II targeting Rs 200 crore and over Rs 85 crore already secured, the firm plans to back 50+ startups in the next three years, typically writing cheques of up to Rs 5 crore.

With a portfolio spanning more than 150 founders, All in Capital aims to bring not just funding, but a founder-first ecosystem focused on speed, access, and a Bharat-rooted approach to innovation.

One 97 Communications, the parent company of Paytm, has rolled out Paytm Postpaid on UPI in partnership with Suryoday Sm...
18/09/2025

One 97 Communications, the parent company of Paytm, has rolled out Paytm Postpaid on UPI in partnership with Suryoday Small Finance Bank.

The service allows users to “spend now and pay next month,” offering up to 30 days of interest-free credit.

According to the company’s disclosure to stock exchanges, the facility enables payments across any merchant UPI QR code, online shopping platform, or within the Paytm app for services such as recharges, bill payments, and bookings.

The offering is initially being extended to select users, identified based on their spending patterns, with plans to expand access in the coming months.

18/09/2025

Shantanu Naidu, former aide to the late industrialist Ratan Tata, has taken a lighthearted dig at the viral Gemini AI saree trend that has flooded Indian social media feeds.

The trend, powered by Google DeepMind’s Nano Banana image-editing model in the Gemini app, allows users to transform everyday pictures into stylized saree portraits.

In a humorous Instagram video, Naidu pointed out that most participants in the trend live in India, a country where sarees are already a staple.

“Tum log India me hai. America mein nahi hai. India! Land of the saree. Tumhare kapaat mein at least 15 saree hai. Itna lazy ho gaya tum… AI ko generate karne ko bola jo kapda tumhare kapaat mein…” he quipped, mixing accented Hindi and English.

The clip quickly gained traction, with viewers praising Naidu for poking fun at India’s obsession with the latest AI-powered social media trend.

Tesla CEO Elon Musk congratulated INOX Group Executive Director Siddharth Jain after he became the first corporate leade...
18/09/2025

Tesla CEO Elon Musk congratulated INOX Group Executive Director Siddharth Jain after he became the first corporate leader to receive a Tesla in India.

Musk responded with a “Congrats!” on X to Jain’s post, where he shared a photo with his newly delivered vehicle.

In his post, Jain wrote, “This one’s for you ElonMusk!!! I am beyond thrilled to receive India Inc’s 1st Tesla! I have been waiting for this precious moment ever since I visited the Tesla Fremont factory in 2017! Dreams do come true!”

While Jain is the first from India Inc to take delivery of a Tesla, he is not the first individual in the country to own one.

Earlier this month, Maharashtra transport minister Pratap Sarnaik became the first customer to purchase a Tesla Model Y, following the company’s launch in Mumbai in July.

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