AI CODING STARTUP
Qcomm’s Diwali boost; Energy startups attract funds
Happy Wednesday! Quick commerce powered a strong festive season for D2C brands. This and more in today’s ETtech Morning Dispatch.
Anthropic's IPO: A close look at AI frontrunner's rapid growth, spiraling costs
Anthropic aims to raise up to $64.4 billion in an upcoming IPO, representing a significant market debut. The company plans a valuation of up to $1.02 trillion, showcasing its ambitions in AI. Founded by former OpenAI researchers, Anthropic's revenue has rapidly surged with enterprise adoption of its AI models. While facing substantial operating losses, the company remains committed to its substantial infrastructure investments.
Anthropic unveils new Fable, Mythos models as competition heats up ahead of IPO
Anthropic on Monday unveiled two new AI models, Claude Fable 5.2 and Claude Mythos 5.2, as the OpenAI rival looks to strengthen its position in the fast-growing AI market ahead of its planned IPO.
Claude Fable 5.2, Claude Mythos 5.2: Anthropic unveils new AI models, check features, speed, price, release date
Claude Fable 5.2 targets coding, reasoning and AI agent tasks, while Claude Mythos 5.2 targets approved cybersecurity and life-sciences research applications.
Anthropic must face lawsuit over Claude subscription marketing
US Magistrate Judge Alex Tse in San Francisco on Friday said the plaintiffs plausibly alleged that consumers could interpret Anthropic's marketing to mean Max subscribers would receive five or 20 times more usage than lesser-tier subscribers over the course of a month.
AI sales startup Nooks secures $500 million in funding for expansion
Unlike traditional investors that buy a stake in a company, General Catalyst's commitment involves taking a share of the returns its capital helps generate, Nooks CEO Dan Lee said. He declined to give details on the terms of the deal.
Cert-In gets Mythos access, being careful with testing: Officials
Government agencies cannot download the AI’s source code or weights for running on their own, completely isolated or ‘air-gapped’ systems. Instead, to use Mythos, they must send their proprietary data, code, or network blueprints over the internet to Anthropic’s cloud servers.
Deep use cases vault India to ChatGPT’s top global market: OpenAI's India MD
During a visit to India last year, the ChatGPT maker’s cofounder Sam Altman said that India was the fastest growing market for the frontier lab and was already the second largest in terms of users globally. Market estimates had earlier put the India user base at 100 million.
China's robot makers have mastered the moves. Now comes the race for brains
The shift is fuelling an investment boom in embodied AI, a field focused on software that allows robots to understand their surroundings, learn unfamiliar tasks and adapt without having to be programmed for every job.
Who is Padmanabhan Krishnamurthy? The 27-year-old engineer tasked with rewriting 98% of Cisco's legacy code
In an ambitious move, Cisco is set to overhaul 98% of its legacy code within two years, spearheaded by 27-year-old Padmanabhan Krishnamurthy. Cisco President Jeetu Patel highlights the crucial role of young talent in driving innovation and urging them to question established norms while fostering collaboration. With a background in startup co-founding and AI projects, Krishnamurthy brings valuable insights to this transformative endeavor.
IIT and IIM graduates shun startups as AI jobs gain appeal amid rising startup activity in India
Only 79 IIT alumni and 20 IIM alumni launched new tech startups between January and August this year, compared to 307 IIT graduates and 71 IIM graduates who founded startups in the entire 2025, according to Tracxn data collated for ET. The platform tracks only the year of incorporation for tech startups, so it does not have comparable January-August 2025 data.
ETtech Deals Digest: Even Healthcare, Different lead October funding to $694 million, down 51% on-year
Even Healthcare led deal activity during the month with $50 million, followed by Different at $48 million, Boldfit at $41.5 million, Baba Care at $40 million and GreenCell Mobility at $34.5 million. Early-stage deals accounted for 61.9% of the capital raised during October, while late-stage transactions made up 19.4%. Seed-stage companies comprised the remaining 18.7%.
AI is no longer just coding or generating images. It has now designed a virus that was used on a human being. Did the patient survive?
A California startup has used artificial intelligence to design a virus that was administered to a human patient for the first time. The experimental treatment uses bacteriophages to target antibiotic-resistant bacteria, potentially opening a new way to fight infections that conventional medicines cannot control. However, the patient's recovery has not been disclosed.
The next AI advantage for India's developers: Turning code into companies
In India's rapidly growing builder economy, AI is revolutionising software creation, allowing developers to generate code and build prototypes in minutes. But speed is only half the battle-code to deployment is the other half. Through tools like GoDaddy's Developer Platform, the real opportunity is achieving this next half of the challenge seamlessly and turning fast-built applications into viable, long-lasting products and thriving companies.
OpenAI CEO Sam Altman sees AI-led software overhaul amid PHP security concerns
The discussion comes just days after two critical security flaws in PHP were disclosed. PHP is a programming language that runs websites. It works behind the scenes. When a user loads a page, the server running PHP assembles the content and sends the finished page to the browser.
Chinese AI model carries out complex cyberattacks in controlled tests, researchers say
Chinese firm Z.AI's flagship AI model carried out complex cyberattacks in controlled simulations and repeatedly ignored instructions in separate tests, according to a report by AI security research firm Irregular.
OpenAI acquired his startup in 2024. Now Alexander Embiricos leads a new AI product
Alexander Embiricos spent five years building Multi, a collaboration app for software developers, before OpenAI acquired the startup in 2024. He later became a product lead on Codex and now leads Dots, OpenAI’s personal AI agent designed to handle tasks in the background.
Freshworks acquires AI startup Robusta to strengthen IT operations platform
The acquisition will bring Robusta’s AI-based incident investigation technology to Freshservice, Freshworks’ IT service management platform. Financial details of the deal were not disclosed.
Why big IT firms are buying stakes in AI startups
From HCLTech's $150 million investment in Indian AI startup Sarvam to Accenture's investment in Within, an enterprise AI company, IT firms are backing AI companies to access new technology and offer it to their clients.
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