Over 1,000 employees are now based at Hubballi, where the new Living Lab delivers services across sectors such as manufacturing, healthcare, financial services, and space technology. Strategic ties with local academic institutions like IIIT Dharwad are intended to nurture future-ready talent close to operations.
Local leaders framed the centre as a corrective to past underutilisation concerns and a driver of industry-academia collaboration. By encouraging expansion to other districts, they set the tone for inclusive growth and long-term innovation across North Karnataka.
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Endex.ai has secured $14 million in funding to bring AI directly into Microsoft Excel. The funding round was led by the OpenAI Startup Fund, marking a significant moment for traditional tools in the business world.
Founded in 2022 by Tarun Amasa and Kevin Yang, the startup has spent the past year collaborating quietly with financial institutions to refine its product.
Now available to the public through limited invites, the tool embeds itself within Excel and helps users manage tasks like financial modelling, data cleanup, and detailed analysis (without switching applications).
Unlike broader AI tools, Endex has been designed specifically for finance professionals. It understands financial terminology, adapts to user habits, and references trusted data sources such as SEC filings, CapIQ, and earnings reports.
The company describes its product as Excel-native, aiming to enhance rather than replace a tool already deeply integrated into finance work.
With the new funding, Endex plans to expand development and scale its reach. The AI agent already works on both Mac and Windows, and its frictionless interface is proving attractive in a field where saving time and improving accuracy can make a substantial difference.
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NVIDIA has publicly rejected calls to embed kill switches or backdoors in its AI chips amid growing political pressure. The statement follows proposals from US lawmakers and accusations by Chinese authorities.
Chief Security Officer David Reber Jr. said any such backdoor would endanger global digital infrastructure and open doors for hackers. He reaffirmed NVIDIA’s commitment to fixing vulnerabilities, not creating them.
The controversy arises as the chipmaker navigates strict US export controls while maintaining its foothold in China with the H20 chip. A Chinese agency recently claimed these chips already contain hidden controls.
Reber distinguished transparent, user-controlled tools like remote wipe from covert backdoors, arguing they serve customers without risking the system integrity of the chips.
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Apple is increasing its domestic investment by an additional $100 billion, bringing its total commitment to US manufacturing to $600 billion over the next four years.
The announcement was made by CEO Tim Cook during a joint appearance with President Donald Trump at the White House, as the administration signals plans to impose steep tariffs on foreign-made semiconductors.
The investment includes a new American Manufacturing Program aimed at expanding US production of key Apple components, such as AI servers and rare earth magnets. Facilities are already under development in states including Texas, Kentucky, and Arizona.
Apple says the initiative will support 450,000 jobs across all 50 states and reduce reliance on overseas supply chains.
Apple’s expanded spending arrives amid criticism of its slow progress in AI. With its ‘Apple Intelligence’ software struggling for traction, and the recent departure of foundation model head Rouming Pang to Meta, the company is now shifting focus.
Cook confirmed that investment in AI infrastructure is accelerating, with data centres expanding in five states.
While Apple’s move has drawn praise for supporting American jobs, it has also stirred controversy. Some users expressed discontent with Cook’s public alignment with Trump, despite the strategic importance of avoiding tariffs.
Trump stated that companies investing in the US would not face the proposed import charges.
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AWS CEO Matt Garman celebrated the partnership as a ‘powerhouse combination’, noting that the models outperform comparable options, claiming they are three times more price-efficient than Gemini and five times more than DeepSeek‑R1, when deployed via Bedrock.
Rich functionality comes with these models: wide context capacity, chain-of-thought transparency, adjustable reasoning levels, and compatibility with agentic workflows. Bedrock offers secure deployment with Guardrails support, while SageMaker enables experimentation across AWS regions.
Financial markets took notice. AWS stock rose after the announcement, as analysts viewed the pairing with OpenAI’s open models as a meaningful step toward boosting its AI offerings amid fierce cloud rivalry.
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The US government has finalised a deal with OpenAI to integrate ChatGPT Enterprise across all federal agencies. Each agency will access ChatGPT for $1 to support AI adoption and modernise operations.
According to the General Services Administration, the move aligns with the White House’s AI Action Plan, which aims to make the US a global leader in AI development. The plan promotes AI integration, innovation, and regulation across public institutions.
However, privacy advocates and cybersecurity experts have raised concerns over the risks of centralised AI in government. Critics cite the potential for mass surveillance, narrative control, and sensitive data exposure.
Sam Altman, CEO of OpenAI, has cautioned users that AI conversations are not protected under privacy laws and could be used in legal proceedings. Storing data on centralised servers via large language models raises concerns over civil liberties and government overreach.
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China’s Ministry of State Security has warned of foreign attempts to collect sensitive biometric data via crypto schemes. The ministry warned that foreign agents are illegally harvesting iris scans and facial data, risking personal privacy and national security.
The advisory noted recent cases in which foreign intelligence services exploited biometric technologies to spy on individuals within China. Cryptocurrencies incentivised people worldwide to submit iris scans, which were sent overseas.
Although no specific companies were named, the description resembled the approach of the crypto firm World, formerly known as Worldcoin.
Biometric identification methods have proliferated across many sectors due to their accuracy and convenience. However, the ministry stressed the vulnerability of such systems to data breaches and misuse.
Iris patterns, unique and challenging to replicate, are prized by malicious actors.
Citizens are urged to remain cautious, carefully review privacy policies, and question how their biometric information is handled.
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Beijing United Family Hospital and Alibaba DAMO Academy have launched a joint effort to bring advanced AI screening into clinical use.
Their flagship project uses a plain CT scan combined with DAMO Academy’s multi-condition detection AI to facilitate early identification of gastrointestinal cancers and chronic diseases.
The technology has already internationally earned the FDA’s ‘Breakthrough Device’ designation. Collaborators stress that combining AI with established international standards supports more accurate, patient-centred care.
Taiwan’s Digital Minister, Huang Yen-nun, discussed deeper cooperation in digital and AI technologies with the United States during the recent APEC conference in Incheon—the talks from 3 August to 6 August marked a new phase in bilateral tech collaboration.
Huang confirmed that the APEC gathering had produced its first joint ministerial statement on digital and AI policy. Ministers pledged to enhance connectivity, prevent digital exclusion, promote trustworthy AI, and accelerate the adoption of responsible technology across the Asia-Pacific region.
Digital goals of Taiwan closely align with the APEC declaration, Huang said, particularly in areas such as online fraud prevention, resilience-building, and expanding the digital economy. He framed the agreement as a strong alignment with national priorities.
Michael Kratsios, director of the White House Office of Science and Technology Policy, was highlighted as a key ally. Huang also held talks with representatives from Japan and Southeast Asia to explore regional cooperation in emerging technologies.
Cybersecurity and semiconductors remain central to Taiwan’s leadership in the technology sector. However, Huang acknowledged that further investment and collaboration with digital trailblazers, such as those in the United States, are needed to maintain the country’s edge in high-value innovation.
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The crackdown follows the discovery that organised criminal groups are operating scam centres across Southeast Asia, hacking WhatsApp accounts or adding users to group chats to lure victims into fake investment schemes and other types of fraud.
In one case, WhatsApp, Meta, and OpenAI collaborated to disrupt a Cambodian cybercrime group that used ChatGPT to generate fake instructions for a rent-a-scooter pyramid scheme.
Victims were enticed with offers of cash for social media engagement before being moved to private chats and pressured to make upfront payments via cryptocurrency platforms.
Meta warned that these scams often stem from well-organised networks in Southeast Asia, some exploiting forced labour. Authorities continue to urge the public to remain vigilant, enable features such as WhatsApp’s two-step verification, and be wary of suspicious or unsolicited messages.
It should be mentioned that these scams have also drawn political attention in the USA. Namely, US Senator Maggie Hassan has urged SpaceX CEO Elon Musk to act against transnational criminal groups in Southeast Asia that use Starlink satellite internet to run massive online fraud schemes targeting Americans.
Despite SpaceX’s policies allowing service termination for fraud, Starlink remains active in regions where these scams, often linked to forced labour and human trafficking, operate.
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