eB2B platform Udaan is set to acquire Swiggy’s distribution business Lynk Logistics for Rs 500 crore. The transaction involves a share swap agreement following which Swiggy will have a minority stake in Udaan. Thedealstrengthens Udaan’s distribution network and helps expand its presence across key markets. Meanwhile, just days after the launch of its most powerful AI model to date, OpenAI’s chief scientist has warned of AI risks and called for restraint. With AI showing signs of outpacing human control, the time has come for the industry to exercise extreme caution, Jakub Pachocki wrote in an article titled ‘An Alien Mind’. “I am concerned no one is prepared for the consequences of a continued rapid rise in machine intelligence,” thescientistsaid, adding that the idea of racing forward at all costs seems “absurd” after knowing the seriousness of the stakes. Closer home, Paytm’s Vijay Shekhar Sharma has said that AI agents will soon swallow apps. Sharma predicts that 2027 will see the“massification”of AI with super-capable agents replacing smartphone apps and performing all the tasks we do on our phones and computers. As thebattery industryevolves from being an import-dependent sector to a fully integrated cell-to-recycling industrial ecosystem, it is expected to create up to 2 million jobs, says talent company Adecco India. Moving on, ecommerce firms and quick commerce platforms are gearing up for the festive season with products for both bargain hunters and indulgent buyers. Industry experts expect theseasonto clock healthy value growth but be more measured in volume terms. Here’s your trivia for today: Which automobile brand first offered seat belts? Bengaluru-based Earth observation company Pixxel has secured $100 million in a Series C round led by Singapore-based investment firm Temasek and specialist spacetech investor Seraphim. This marks the largest funding round raised by an Indian spacetech company. New investors 360 ONE Asset and IMM Investment joined existing backers Radical Ventures and growX Ventures. The round takes Pixxel’s total funding to $195 million. Quick food delivery platform Swish is raising Rs 224.54 crore (approx $24 million) in an extended Series B round of funding led by Bertelsmann India. The round will also see participation from existing investors Bain Capital Ventures, Accel and Hara Global. This will be the second fundraise by the Bengaluru-headquartered startup this year. It had raised $38 million in March in a Series B round led by Hara Global and Bain Capital Ventures. Which automobile brand first offered seat belts? We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail[email protected]. If you don’t already get this newsletter in your inbox,sign up here. For past editions of the YourStory Buzz, you can check ourDaily Capsule page here.
