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AI NewsIndia’s Seed Funding Falls 37% to $698 Mn as Investors Favour Proven Bets: Tracxn Report

India’s Seed Funding Falls 37% to $698 Mn as Investors Favour Proven Bets: Tracxn Report

6:45 PM IST · September 28, 2026

India’s Seed Funding Falls 37% to $698 Mn as Investors Favour Proven Bets: Tracxn Report

The tech startup ecosystem recorded 18 funding rounds of $100 million or more during the period.

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Tech Mahindra Lifted Margins for 12 Quarters. AI Is the Next Test

Tech Mahindra Lifted Margins for 12 Quarters. AI Is the Next Test

Tech Mahindra plans to disclose AI revenue separately in H2 FY27, giving investors a clearer view of its contribution to growth and profitability.

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Coursera Brings Project Helix to Bengaluru to Focus on Building Karnataka’s AI-Ready Workforce

The AI-native platform aims to connect employee training with measurable business outcomes, while a new IIMBx partnership will expand access to management education.

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Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’

Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’

Anthropicannounced todaythat it’s creating a “public benefit fund” that will give the company “increased flexibility and scale” to support projects for societal good. Anthropic said that it will commit 5% of its shares to the fund — structured as a wholly-owned entity within the company — with the option to contribute an additional 2% for every 50% increase in Anthropic’s value. And it offered some broad-strokes ideas for how this money might actually be used, such as “large donations to traditional nonprofits or direct distributions to specific populations.” There’s also the impact that AI might have on the job market, which Anthropic has alreadycommitted $200 million to study. But the company said, “Given the pace of AI progress, bolder approaches may be needed. The Fund will have the versatility to pursue them.” Anthropic’s announcement comes as the AI industry faces increasingly negative public sentiment, whichCEO Dario Amodei has describedas “fundamentally a crisis of trust.” If you’re wondering who will actually decide which public benefits are worth funding, Anthropic said it will share more information about structure and governance in the coming months.

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Disney agrees to hire the majority of Character.AI’s workforce

Disney agrees to hire the majority of Character.AI’s workforce

After chatbot startup Character.AIfiled for bankruptcyearlier this week, many of its employees will have the opportunity to take jobs at Disney. Character.AI’s former CEO Karandeep Anand recentlybecame the entertainment giant’s first CTO, and the startup previously said that Disney had agreed to acquire some of its assets for $20 million. Alegal filingspotted byBloombergrevealed more details about the agreement between Character.AI and Disney, with Disney agreeing to make employment offers to at least 60 Character.AI employees — the majority of the workforce — paying them an estimated $60 million in annual compensation. The filing also says that the “vast majority” of Character.AI employees who were offered jobs at Disney accepted them. However, this is a stalking horse bid, so another company could come forward with a higher offer. The filing says that despite its “large and engaged user base,” Character.AI has been hobbled by high costs and “potential litigation-related liabilities and regulatory engagement.” (The company wassued by the mother of a 14-year-old boywho said her son became obsessed with one of Character.AI’s chatbots before committing suicide; it alsofaces government investigations over child safety concerns.)

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