
RBI Q-SAFE Committee Mandates Quantum-Proofing for Banks
As UPI transactions cross 241 billion annually, the RBI warns that India’s digital financial infrastructure must transition to post-quantum cryptography to prevent future systemic compromises.
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As UPI transactions cross 241 billion annually, the RBI warns that India’s digital financial infrastructure must transition to post-quantum cryptography to prevent future systemic compromises.

At the 7th Global Fintech Fest in Mumbai, PM Narendra Modi declared the end of basic digitisation, urging the industry to pivot toward Agentic AI, tokenisation, and a globally interoperable UPI network.

India's technology spending is growing at a compound annual rate of 13.4% through 2026, making it one of the fastest-growing tech markets in the Asia Pacific region. This is not just numbers on a paper.

The Department of Financial Services says scheduled commercial banks posted a record aggregate net profit of ₹3.50 lakh crore in FY2023-24, while PSBs posted ₹1.41 lakh crore, and PSB asset quality improved with gross NPA falling to 3.12%.

A comprehensive breakdown of Meta’s landmark $18B youth safety pact, default two-hour limits, Night Mode, independent research audits, and conditional billions aimed at forcing rival platforms like TikTok and YouTube into tighter teen rules.

While Anthropic data names India its second-largest market by total volume, per-capita analysis places the nation 101st globally due to income barriers and heavy concentration within the IT sector.

Nvidia is reportedly discussing an investment in Perplexity at a $30B+ valuation, signaling a fundamental shift from AI model scaling to search, agentic interfaces, and web commerce.

Stripe has agreed to acquire OpenRouter in a transaction reportedly worth more than $8 billion. The deal reveals a much bigger strategy around AI models, agentic commerce, payments and fraud prevention.

The partnership will focus on helping enterprises deploy agentic AI across data, software engineering and business workflows, as companies increasingly move from AI experimentation to production-scale adoption.

India's AI framework now includes binding synthetic-content rules, phased data-protection duties, sector requirements and voluntary BIS standards. This tracker explains what applies, who is affected and which dates come next.

A hacking group told an AI it was doing legal security work. The AI believed it, broke into 30 organisations on its own, and left governments scrambling to catch up before the next attack happens.

Before Aadhaar, 35% of India's population above 15 had a bank account. By 2021, that figure had risen to 77.5% (World Findex Database). Today, Jan Dhan accounts have grown to 57.7 crore, with deposits of ₹2.94 lakh crore.

Everyone thinks AI's biggest problem is smarter models. It's not. The real fight has moved from chips to power to something almost nobody is reporting, and it's already reshaping who wins the next phase of AI.

AI is no longer the future—it’s already reshaping India. From jobs and healthcare to startups and governance, here’s a simple explainer with real data on India’s AI boom.

Goldman Sachs estimated AI could threaten up to 300 million jobs globally. A University of Pennsylvania study found that white-collar roles earning ~$80,000 are particularly vulnerable, noting disruption in several sectors.

AI chatbots can simplify resumes, medical reports and financial documents—but what happens to the information after you press send? Explore how AI privacy works, where risks begin and what India’s DPDP Rules mean for users.

Tata Consultancy Services (TCS) will now run ABB's global network operations end-to-end, marking a major step-up from its earlier infrastructure and applications role under a new network-as-a-service model.

Meta spent years struggling to build its own AI chip. Now an internal memo reveals the Iris chip cleared testing in just six weeks. Here is what changes from September and what it means for Nvidia.

Shunya Labs launched a next-generation multilingual Voice AI platform on June 15, 2026, supporting 216-plus languages and dialects with a deep focus on South Asian and Southeast Asian languages.

Meta launched Muse Image on July 7, 2026 its first in-house AI image generation model, built by Meta Superintelligence Labs. It is free and live on Meta AI, Instagram Stories and WhatsApp.

Axis Max Life Insurance has partnered with GreyLabs AI to deploy a Voice AI Suite that analyses 100% of meaningful telesales calls — over 6 lakh conversations totalling 1.4 crore minutes across 700-plus agents.

India is entering the next phase of digital governance, where Artificial Intelligence can transform welfare delivery, grievance redressal, language access and fraud detection.

Microsoft launched Microsoft Frontier Company on July 2, 2026 a $2.5 billion operating unit that embeds 6,000 engineers directly inside large enterprises to help them deploy AI and generate real business outcomes.

A Bengaluru-based developer reportedly turned Rs 3.5 lakh worth of auctioned bank hardware into a home-based AI business earning Rs 27 lakh a month.
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