AI news and funding updates from the last 24 hours(04th July 2025):

AVPL International

AVPL International to invest $1 million in Indian defence drone R&D.

Cluely

Cluely’s revenue skyrockets to $7 million ARR after enterprise product launch.

Google

Google faces EU antitrust complaint from publishers over AI Overviews.

Google rolls out Veo 3 AI video model globally via Gemini Pro subscription.

HCLTech

HCLTech expands partnership with Equinor, signs direct strategic deal with OpenAI.

IG Drones

IG Drones secures India’s first patent for an indigenous defence drone simulator.

IN-SPACe

IN-SPACe facilitates transfer of 10 ISRO technologies to six private Indian firms.

Maieutic Semiconductor

Maieutic Semiconductor raises $4.15 million seed funding for its AI chip design platform.

Meta

Meta develops proactive, memory-enabled AI chatbots for its messaging apps.

Oracle

Oracle to lease 4.5 gigawatts of data center power to OpenAI for Stargate project.

Phosphor Capital

Phosphor Capital raises $34 million to invest exclusively in Y Combinator startups.

Replit

Replit upgrades its AI coding assistant with ‘Dynamic Intelligence’ features.

Safe Superintelligence Inc. (SSI)

Ilya Sutskever becomes CEO of Safe Superintelligence after Daniel Gross departs.

Synopsys

Synopsys shares jump after U.S. lifts chip design software export curbs to China.

Tata Consultancy Services (TCS)

TCS launches Singapore innovation centre to help SMEs and start-ups adopt AI.

Workday

Workday expands in India with new local data centre and capability centre.

xAI

xAI granted permits for gas turbines at Memphis data center despite lawsuit threat.

Zoho

Zoho opens new AI and robotics R&D centre in rural Kerala.

Other News

CEOs increasingly predict massive, widespread job losses due to AI.

Tech companies call for delay of EU's AI Act amid lack of compliance guidelines.

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