Bengaluru‑based Krutrim, the country’s inaugural generative AI unicorn, announced a pivot from building large‑scale AI models to offering cloud‑based AI services. The move follows a 2025 restructuring that cut more than 200 jobs, paused chip design, and redirected capital toward enterprise compute. Krutrim reported a three‑fold revenue jump to about ₹3 billion ($31.5 million) in FY 2026, its first profit year with margins above 10%. The startup now serves over 25 enterprise customers across telecom, finance and health sectors, while its internal AI assistant app was withdrawn from stores in April. Read more →

Artificial‑intelligence startup Anthropic is fielding preemptive bids to raise as much as $50 billion, potentially valuing the company at $850‑$900 billion. Sources say the round could total $40‑$50 billion and that investors are eager to commit, even before the firm decides at a May board meeting. Anthropic’s revenue run rate has surged past $30 billion, driven by its Claude coding tools, prompting investors to see untapped growth in sectors like finance and healthcare. The company has not commented on the fundraising talks. Read more →