business A government technology fund was directed towards several private firms. These selected companies were found to have connections with the panel that made the initial choices. The fund allocation covered amounts disbursed up to September 30, 2023. This raises questions about potential conflicts of interest in the selection process. Further scrutiny is expected to determine the extent of the alleged favoritism. 🧐
tech OpenAI is developing a new, AI-first computer shaped like a hockey puck that is expected to cost over $300. This unique, doughnut-shaped device, which functions like a smart speaker without a screen, is set for a 2027 release. It will operate similarly to ChatGPT's voice mode but with advanced, humanlike interactivity. The hardware, designed with Jony Ive’s LoveFrom studio, will feature moving parts and lights to feel more alive. OpenAI aims for this to be an entry point to a future line of devices that could eventually replace smartphones.
Stock markets and the dollar are holding steady as investors await the release of crucial US jobs data. This market pause is happening globally, with the Gulf region experiencing escalating tensions. Oil prices saw a gain as a direct result of the rising geopolitical instability in the Gulf area. Traders are currently focused on how the incoming employment figures will impact economic forecasts. The market will likely react significantly once the official data is published later this week. 📊
entertainment The discovery of two skeletons in the series Vadhandhi Season Two complicates the case against Mani, who is already facing murder charges. This unfolds in a rural setting, as Sub-inspector Moosa investigates the matter with his team, Ramar and Mohan. The investigation centers around the deaths of Venba and Nilavathi, with the new season set for 2026. Moosa questions the easy conclusions, prioritizing truth over maintaining a high conviction rate. The show continues to explore the line between facts and conjecture in small-town life.
business The U.S. Senate will not vote on the Digital Asset Market Clarity Act during its August recess this year. Industry leaders are now hoping for a vote in September, when the Senate returns to Washington, D.C. on September 14, 2026. The bill's progress has been stalled by unresolved issues, including an ethics provision and stablecoin discussions. While Democrats pushed for the delay, the fight to pass the legislation continues. Successful passage ultimately requires 60 votes in favor. 🧐
Researchers at Sungkyunkwan University have successfully developed a new catalyst. This breakthrough was achieved by the team working at the university in Korea. The catalyst effectively converts carbon dioxide into valuable chemicals. This innovation holds major potential for sustainable chemistry and carbon capture technologies. The next steps involve scaling up the process for industrial application. 🧪
business Crude oil prices edged up on Friday as traders felt uneasy about the shipping situation in the Strait of Hormuz. Brent crude was trading at $83.33 a barrel, which was 1.02% higher at 7:25 am IST, while WTI was up 0.89% to $77.98 a barrel. This rally follows Thursday's surge after Iran reviewed legislation blocking US and Israeli vessels from the Strait. Iran and Oman are discussing new transit proposals, including potential fees and restrictions for hostile ships. The market remains cautious about a full return to normal tanker movements due to sanctions and insurance issues.
tech OpenAI is developing its first portable smart speaker, which will be doughnut-shaped and cost between $300 and $400. This AI-first computer will feature moving parts, a camera, and sensors for environmental awareness. The device is slated for a 2027 release and could eventually lead to a family of replacement smartphones. Meanwhile, OpenAI filed a motion on August 5th to dismiss an Apple lawsuit regarding alleged intellectual property theft. The company insists it is building something entirely new and distinct from Apple's offerings. 🤖
business Assam's Chief Minister Himanta Biswa Sarma officially started the application form distribution for three student schemes on Thursday. This launch took place at the Srimanta Sankardeva International Auditorium in Guwahati, Assam. Around 7 lakh students are anticipated to benefit from these flagship initiatives starting this year. The schemes offer financial aid, like up to Rs. 2,500 monthly, to encourage higher education for both girls and boys. Eligible students from families earning under Rs. 4 lakh can now apply for this support. 📚
business The Ministry of External Affairs officially launched its Snapchat account on Thursday, becoming an early ministry on the platform favored by Gen Z. This move follows Prime Minister Narendra Modi's recent push for cabinet members to boost social media engagement with youth. Modi specifically advised ministers to use interactive content like reels on platforms like Instagram. This directive came after a month-long youth protest by the Cockroach Janta Party over the NEET paper leak. Going forward, the MEA aims to connect with young audiences through exclusive stories and engaging content. 📱
business A Hyderabad founder recounted hiring a taxi driver as his very first employee ten years ago. The man lacked corporate experience and even English skills, leading to initial doubts from others. Gajula decided to take a chance based on the driver's hunger and honesty. The company invested in him through English classes and impactful work. Now, the former driver heads procurement with pan-India responsibilities.
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