Day: August 4, 2026

CoreWeave CEO Michael Intrator sells $35.9m in Class A shares

Anthropic will soon offer in-country inference for its Claude AI models in India. This means customer requests will be processed on Indian servers, keeping data within the region. The service will be available through Amazon Bedrock, enhancing data residency for Indian organizations. This move addresses a key request from Indian businesses for local AI processing…

China’s control of the world’s rare-earth supply chain was okay till it decided to weaponize it against its geo-economic rivals. Several of these minerals are no longer in Beijing’s clutch and some others look set to escape as other countries get into the act.

Superleap, an enterprise AI CRM platform, secured Rs 36 crore funding from Peak XV Partners’ Surge. This capital will fuel AI capabilities and expand its market presence both domestically and internationally. The startup focuses on large organizations migrating from legacy CRM systems with minimal disruption. Superleap’s enterprise-first strategy targets high contract values, differentiating it from…

CoreWeave CSO Brian Venturo sells 76,924 class A shares for $9.1m

While open-weight models allow users to freely download their weights, that doesn’t grant us the compute power needed for high inference tasks at the AI frontier. Users in India will benefit only once we serve intelligence on our own infrastructure.

Public listings of Anthropic and OpenAI will test the AI ecosystem. Markets are judging AI winners and losers early, impacting sectors and countries. Foreign investors have pulled significant funds from Indian equity markets recently. SpaceX’s valuation experienced a substantial increase and subsequent decline. Venture capital focuses on extreme outcomes, accepting high failure rates.

SoftBank announced record net profit in the year ended March 2026, but its share price has dropped by almost half since the start of June, and the cost to insure its debt against default has soared. SoftBank is ‌expected to post net ⁠profit of ⁠148.4 billion yen ($941.2 million) over the April-June quarter, according to…

Sector 19 left without power for six hours as transformer fails

eBay SVP Jordan Sweetnam sells $94,213 of common stock