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  • Groww Secretly Files for IPO with SEBI, Eyes Market Debut

    The first official step towards a stock market debut has been taken by wealthtech unicorn Groww, which has confidentially registered for an IPO through the Securities and Exchange Board of India’s pre-filing method.

     Groww’s parent company, Billionbrains Garage Ventures Limited, stated in a public notice issued on May 26 that the DRHP was filed in accordance with Chapter IA of the SEBI ICDR Regulations, which permits the business to request SEBI’s feedback without immediately making its IPO materials available to the public.

    On May 15, a media outlet exclusively revealed that Groww was raising $150 million from Singapore-based GIC as part of a $250–300 million pre-IPO round and was scheduled to submit a confidential application for an IPO with SEBI in two weeks. Groww’s post-money valuation in the round was $7 billion, according to the report.

    Groww will submit an updated DRHP, which will be publicly available and contain information on the company’s financial performance up to the most recent quarter, after Sebi approves the IPO, which could take up to two months.

    Details of the IPO

    According to reports, Groww is anticipated to adopt a cautious IPO valuation of $7-8 billion, taking into account the volatility and emotion of the market.

    One of the most widely watched public offerings in India’s fintech sector this year, the valuation suggests that an IPO size of between $700–920 million might be implied by a standard 10-15% share dilution. Groww intends to list its equity shares on the mainboards of the NSE and BSE, with a face value of INR 2 apiece.

    Information has not yet been made public, including the offer-for-sale breakdown, fresh issue component, and overall issue size.

    Financial Outlook and Operations of Groww

    The fintech company provides mutual funds and other financial products and competes with Upstox and Zerodha in online discount broking. When it went through its Series E round in 2021, its last valuation was $3 billion.

     Ribbit Capital, Tiger Global, and Peak XV Partners are among its main sponsors. On a consolidated basis, the stockbroking company with the biggest active investor base has more than doubled its FY24 revenue to INR 3,145 crore.

     Although the company’s FY25 financials are not yet available to the public, they will probably be included in the revised DRHP. In the year that ended in March 2024, its consolidated operational profit increased by 17% to INR 535 crore, up from INR 458 crore the previous year.

    For FY23, its total revenue was INR 1,435 crore. Groww reported a combined net loss of INR 805 crore as a result of the Rs 1,340 crore one-time domicile tax. During the most recent fiscal year, Groww relocated its registered office from Delaware, USA, to Bengaluru.

  • Info Edge Shareholders Greenlight INR 1,000 Crore Boost for Venture Fund III

    Info Edge (India) Ltd., the business that runs the job portal Naukri.com, has received approval from its shareholders to spend up to INR 1,000 crore in its third venture fund.

    The investment would strengthen the Noida-based company’s plan to boost its position in India’s expanding venture capital ecosystem by allowing it to support more early-stage entrepreneurs.

    In a stock exchange filing on May 24, Info Edge stated that, in relation to the aforementioned, the company hereby notifies its members that, via the remote e-voting postal ballot process outlined in the Postal Ballot Notice, the members have approved the aforementioned resolution with the requisite majority.

     The approval is considered to have been received on the last date the company specified for remote e-voting, which is May 24, 2025.

    Smartweb to Serve as Investment Manager and Sponsor

    1,271 legitimate votes were taken into consideration out of the 1,274 members who participated in the voting. The fund’s sponsor and investment manager will be Smartweb Internet Services Ltd, a wholly owned subsidiary of Info Edge.

    Co-founder Sanjeev Bikhchandani posted on X (previously Twitter) that the proposition had received 99.9995% of the vote. Bikhchandani announced that the Info Edge shareholders’ postal ballot results were in.

    With 99.9995% of the voting in favour, the plan to invest up to INR 1,000 crores in Info Edge Ventures Fund 3 was authorised. He continued by thanking the shareholders for their confidence in the firm’s ability to make investments.

    Info Edge’s Investment Network

    The next fund from Info Edge’s venture funds, which collaborate with Temasek, Singapore’s sovereign wealth fund, is anticipated to exceed INR 2,000 crore ($230 million). The most noteworthy investment made by Info Edge was in Zomato, where it paid about INR 4.7 crore to purchase a share.

    At the time of Zomato’s 2021 IPO, Info Edge owned about 18.6% of the company’s shares, having made numerous rounds of investments over the years. One of the most profitable startup investments in Indian venture history, Info Edge made approximately INR 3,000 crore from the equity sale during the public offering.

    Info Edge has provided funding to a number of high-growth firms in addition to Zomato, such as Policybazaar, ShopKirana, Gramophone, DotPe, Adda247, NoBroker, and Univariety. Over INR 2,000 crore ($250 million) has been invested in a number of startups by it, frequently acquiring minority shares while using its operational know-how to assist portfolio companies.

  • BYJU’S Disappears from Play Store: EdTech Giant’s App Goes Offline

    The edtech startup BYJU’S has removed its Android app from the Play Store due to continued rumblings and insolvency procedures. A preliminary search of the Play Store yields no results for BYJU’S main app.

    Three additional apps, nevertheless, are still accessible: “Think and Learn Premium App”, “TL Pay”, and “TL Collect”, which are credit processing systems. Notably, the BYJU’S app is still accessible through the Apple App Store, but it has backend problems that prevent it from using some of its essential functions on other platforms.

    According to sources who spoke to a media outlet, the majority of the SEO-optimised pages on the BYJU’S website have disappeared, and current users can no longer access premium subscriptions or video material.

    Website Reduced to Basic Landing Page

    With essential features including free sessions (for children in classes four through nine) and the BYJU’S Early Learn programme, the edtech platform’s website has been reduced to a simple landing page and is presently displaying server failures.

     According to the article, the company’s cloud infrastructure is powered by Amazon Web Services (AWS), and the disruption was caused by unpaid invoices. According to various media reports, “disruptions in payments for its services” led to the app’s removal from the Play Store.

    BYJU’S has been attempting to put out fires on several fronts at the moment. The edtech business has been embroiled in a number of scandals over the last three years, including numerous rounds of layoffs, increasing losses, late financial statement filings, legal disputes, regulatory scrutiny, and more.

    The company’s founders have engaged in a verbal sparring match with its creditors and investors. The largest setback occurred when the business stopped paying on its $1.2 billion term loan B (TLB) in 2023, causing lenders to file lawsuits in several different countries.

    Why BYJU’s Witnessing Massive Decline?

    The Board of Control for Cricket in India (BCCI) filed a case with the National Company Law Tribunal (NCLT) last year to recover INR 158 Cr in unpaid debts related to a sponsorship agreement, putting the edtech giant, which was once valued at $22 billion, in the midst of insolvency proceedings.

    As more lenders joined and attempted to liquidate the business in order to recoup their unpaid debts, the situation swiftly got out of hand. Pankaj Srivastava was appointed by the tribunal as an interim resolution professional (IRP) to supervise the proceedings in the aftermath.

    Even that went wrong when the tribunal ordered Srivastava to face disciplinary action in January 2025 and overturned his decision to exclude Aditya Birla Finance and GLAS Trust, which represents a group of BYJU’S TLB creditors, from the committee of creditors (CoC).

    Srivastava allegedly informed the NCLT that the law firm Khaitan & Co. intimidated and threatened him to designate EY as the process advisor for the edtech firm’s probe, even though Shailendra Ajmera was named the new IRP.

  • Government Issues Urgent Security Alert for Windows Laptop and PC Users in India

    This information is essential for the protection of users’ data if they are using a Windows desktop or laptop.

    All enterprise users who depend on the Microsoft ecosystem to conduct business have received a warning from the Indian Computer Emergency Response Team (CERT-In), a government organisation under the Ministry of Electronics and Information Technology of the Government of India that specialises in cybersecurity issues. Millions of people and their data are at risk due to a severe vulnerability.

     According to a CERT study released on May 15, 2025, the numerous flaws can make it simple for hackers to get access to Microsoft ecosystem devices, enabling data theft and crashes.

    The fact that the problem is not limited to Windows laptops and PCs makes it even more worrisome. Cyberattack dangers are the same for anyone utilising any of the Microsoft services that are susceptible on other platforms.

    Even Android and Mac are also Not Safe

    A person is just as vulnerable if someone is using a Mac or Android device with Microsoft Office, Azure services, and other apps. The following services are impacted by the vulnerabilities that CERT found:

    •Microsoft Windows

    •Extended Security Updates (ESU) for legacy Microsoft products

    •Microsoft Office

    •Microsoft Azure

    •Microsoft Developer Tools

    •Microsoft Apps

    •Microsoft System Center

    •Microsoft Dynamics

    Both individual and business users are impacted by the vulnerabilities. Security teams and IT administrators are also under danger.

    According to the research by CERT-In, the flaws might provide attackers the ability to run remote code, obtain elevated rights, access private data, get around security measures, launch spoofing attacks, and trigger denial-of-service (DoS) assaults.

    The vulnerability, which was found in both 32-bit and x64-based computers, was rated as “high” on the severity scale by CERT-In. It stated that a defect in the kernel component of Microsoft Windows is the cause of the vulnerability.

    These actions may result in a number of cybersecurity threats, including ransomware attacks, data theft, system instability, and more disruptions.

    What is the Possible Solution?

    These vulnerabilities typically result from faulty coding, unsafe setups, or inadequate testing of essential software components. Because important Microsoft services are impacted in this situation, users must act quickly to prevent future exploitation.

    The government agency urges all private and enterprise users to install Microsoft’s most recent security patches as soon as possible in order to protect the systems from intrusions. Pay attention to the most recent Windows Update releases and install them as soon as possible.

    To protect their data, users on other platforms should update their Microsoft apps. System administrators and IT teams should maintain the most recent versions of their malware detection and antivirus software.

  • Zepto CEO Aadit Palicha Slams Rival Q-Commerce CFO for Alleged Smear Campaign

    Aadit Palicha, the CEO and co-founder of Zepto, has openly claimed that the CFO of a rival rapid commerce company is planning a smear campaign against Zepto’s leadership, company, and brand. Palicha posted the allegations on 25 May’s evening on LinkedIn.

    Palicha claimed, without naming the competing CFO or business, that the CFO had been in touch with Zepto’s investors to disseminate untrue claims, disseminated fraudulent internal data via media outlets, and even employed paid social media bots to damage the company’s reputation.

    To be honest, Palicha noted that this experience falls short of what one would expect from a CFO of a reputable corporation. It’s clear that they’re beginning to feel anxious about how quickly Zepto’s EBITDA is becoming better.

    Zepto Showcased Exponential Performance Recently

    While praising Zepto’s recent impressive growth and performance, Palicha pointed out that the company’s users are a big reward for its efforts. Additionally, he pointed out that Zepto’s monthly GOV increased from INR 750 crore in May 2024 to INR 2,400 crore in May 2025.

    Between January and May 2025, the company’s EBITA margin increased by 20% and its cash burn decreased by 65%. Zepto maintained about 20% GOV growth during the same period, with 4-5% monthly growth, despite the emphasis on profitability.

    Zepto reports having net cash reserves of INR 7,445 crore and anticipates operating cash flow and EBITA to be close to breakeven in the upcoming quarter. Despite rumours to the contrary, Zepto is expanding rather than shrinking its network of dark stores.

    At the moment, the company runs around 1,000 dark shopfronts. Palicha highlighted the business’s sound financial and auditing procedures, which include Big 4 statutory audits and thorough due diligence that found no serious issues.

    In addition to having best-in-class H2H payment procedures, vendor reconciliations, asset verification activities, internal audit systems, and a strict Big 4 statutory audit record and Financial Due Diligence record with no material qualifications or variations, Palicha wrote that Zepro boasts an outstanding finance and controllership team.

    Tug of War Between the Quick Commerce Giants

    With a current valuation of $5 billion, Zepto has surpassed Swiggy Instamart but lagged behind Blinkit to become the second-largest participant in the rapid commerce space. Competitors, however, have questioned the transparency of the data.

    Deepinder Goyal, the CEO of Eternal (previously Zomato), charged earlier this year that the rapid commerce industry as a whole was wasting 5,000 crore every quarter, with Zepto being responsible for “substantially more than half” of that amount.

    A contentious discussion concerning the company’s financial discipline was triggered by the remark. Sriharsha Majety, the CEO of Swiggy, recently voiced concerns with Zepto’s published numbers as well, pointing out that Zepto withholds Net Order Value (NOV), a metric that Swiggy and Eternal have implemented to give a more realistic picture of customer spending.

  • KSKT Secures $1.3M to Expand Agri-Supply Chain and Empower 50K+ Farmers

    Kisaan Se Kitchen Tak (KSKT), a rising agri-commerce disruptor and a marketplace for Healthier Food Alternatives hailing from India’s heartland, has raised $1.3 million in a Strategic Mix of Equity & Debt 

    The funding round was led by Keiretsu Forum and Favcy’s 1stCheque Angel Network, with participation from a clutch of early believers. KSKT is a startup from Favcy’s 1to10 Accelerator Cohort.

    This milestone is a standout win for the 1to10 Accelerator Cohort, a unique program that identifies high-potential, revenue-generating startups from Tier 2 and Tier 3 cities and provides them with the tools to scale with speed, clarity, and investor confidence.

    KSKT’s inclusion in the 1to10 Accelerator Cohort was driven by their strong early revenue, operational grit, and a powerful vision—to eliminate inefficiencies in the Agri-supply chain and bring chemical-free, traceable & Healthy Food produce from farmers & Artisanal Rural Processors straight to urban kitchens. 

    Built from Bharat, for Bharat 

    Founded by Santosh Srivastava and Ishaan Hukku, KSKT is building a robust tech-powered supply chain that empowers over 5,000 farmers, services 32,000+ customers, and delivers everything from farm-fresh greens to daily essentials across both B2B and B2C channels. 

    “This fundraise is a huge validation of our mission to simplify and digitize the Agri-supply chain while keeping farmers & Rural Economy at the center of the ecosystem,” said Santosh Srivastava, Founder & CEO of KSKT. “Our focus has always been on creating a win-win model for both farmers and consumers, and this capital will help us scale that vision across India.”

    “The Favcy 1to10 Accelerator gave us the structure, strategic direction, and investor access we needed to grow faster with confidence,” added Ishaan Hukku, Co-founder & CBO of KSKT.

    Applications are currently open for the Summer 2025 Cohort of the 1to10 Accelerator.

    The startup’s model bridges the rural-urban gap while ensuring fair farmer payouts, high repeat usage (68%), and minimal wastage (3%).

    KSKT along with Kaze Living (acquired by KSKT), has shown 4X year on year growth and is already generating INR 15 Cr+ in FY25 revenue. It is poised to scale rapidly across new cities and product categories with the fresh fund infusion.

    Funding to Drive Scale and Intelligence

    The fresh funding will accelerate KSKT’s expansion into 20+ cities, boost farmer onboarding to 50,000+, and power the rollout of AI-led demand forecasting tools to make its supply chain smarter and leaner. The startup is targeting an INR 100+ Cr ARR within the next two years.

    Favcy’s Stamp of Confidence

    “At Favcy, we believe India’s next big startups are being built outside metros. KSKT is proof. The 1to10 Accelerator is designed to discover and back startups like KSKT that are solving real Bharat-scale problems with conviction and traction. Their raise is validation that the model works”, said Pranav Chaturvedi, Founding Partner & Managing Director, Favcy VB.

    With strong fundamentals, rapid traction, and a razor-sharp mission, KSKT is well on its way to redefining how India eats, one kitchen at a time.

    Emerging Opportunities in the AgriTech Sector
    Discover the emerging opportunities in the AgriTech sector with innovation. Explore how technology, from AI to biotech revolutionises agriculture.
    StartupTalkyVarun Bhardwaj

  • IBM Axes Employees 8,000 for AI Gains, Then Quietly Rehires to Plug Gaps

    IBM made news throughout the world in 2023 when it laid off almost 8,000 workers; the majority of them were from its human resources department.

     The step was taken to introduce AskHR, a proprietary AI platform intended to automate tedious administrative tasks. However, rather than reducing its personnel overall, IBM ended up recruiting the same number of people again, this time in fields that were far different from traditional human resources.

     According to a recent Wall Street Journal interview with CEO Arvind Krishna, the shift exposes a deliberate workforce pivot: automate basic tasks and reinvest in positions that call for human ingenuity, problem-solving, and customer interaction.

    AskHR Changing the Business Dynamics

    Payroll administration, vacation requests, and employee paperwork were among the procedures that AskHR was designed to expedite. Approximately 94% of these jobs are currently handled by the AI system, which recorded over 11.5 million encounters in 2024 alone.

    The effect was not just functional; IBM’s net promoter score increased from -35 to +74, indicating a notable increase in customer satisfaction. It was also difficult to overlook the productivity benefits. According to IBM, automating HR functions increased productivity across more than 70 job types worldwide by $3.5 billion.

    The headcount, however, was unexpected. In fact, IBM’s overall workforce increased in spite of job layoffs. “We have more employees overall,” Krishna told a media house.

    “Investing in human-touch areas like software engineering, sales, and marketing is made possible by AI.” This change reflects a larger trend in the industry: AI is changing employment rather than just replacing it. As the need for individuals capable of designing, implementing, and commercialising AI-driven solutions increases, routine positions are gradually being phased out.

    IBM’s message is clear: if companies are willing to rethink their workforce and make strategic investments, automation may be a growth engine.

    Other Companies Following the Similar Path

    Similar changes have been tried by other businesses, with varying degrees of success. For example, the language-learning app Duolingo relied largely on AI chatbots but discovered that the technology was not able to completely replace human teachers.

    Rehiring was necessary to cover service shortfalls. By recognising AI’s limitations—roughly 6% of HR-related enquiries still need human assistance—IBM was able to avoid these pitfalls.

    Because a long-term talent strategy was used in its implementation, the AskHR platform was successful.

    Automation Tool for Innovation

    IBM viewed automation as a tool for innovation rather than as a way to reduce costs. Its choice to replace HR duties marked the beginning of a new hiring cycle that prioritised high-impact, less automatable positions rather than the conclusion of the discussion.

     IBM’s strategy provides business transformation and HR professionals with a roadmap as well as a warning. Roles will be eliminated by automation, but more future-ready professions can and should take their place.

    Reskilling, internal mobility, and rethinking personnel strategies to focus on company value rather than just operational efficiency are crucial.

    Today, IBM has more than 270,000 employees worldwide. It has demonstrated that a net loss of jobs need not result from even severe automation. Instead, it calls for flexibility in both people strategy and technology adoption.

    The company’s shift to AI exemplifies the nature of labour in the future, which is more about reallocating talent than it is about cutting staff.

    IBM distinguishes itself for using automation as a catalyst for workforce transformation rather than merely a crude instrument for downsizing in a time when artificial intelligence is drastically changing the nature of jobs.

  • WestBridge-Backed Otipy Shuts Down Amid Severe Cash Crunch

    According to those familiar with the situation, Otipy, situated in Delhi NCR, ceased operations last week, as reported by a media outlet. On Saturday, the farm-to-fork vegetable supplier shut operations, leaving about 300 workers struggling to make ends meet.

    Otipy cofounder and CEO Varun Khurana told his staff during a town hall on 17 May that the startup is unable to continue with its operations and encouraged them to find a better alternative. It was shocking, according to a media article that cited a former employee.

     Like every other Saturday, employees went to work. They were subsequently told that they had lost their source of income. The ground beneath their feet seemed to have vanished. Additionally, a media report has discovered that Otipy has not paid employee salaries for the last 1.5 months.

     In response to a question about this in the town hall, Khurana stated that the business will attempt to sell off its assets in order to pay off all outstanding debts.

    Vendor Payments Not Yet Cleared

    The Otipy has yet to settle outstanding vendor payments, according to a media report. One of the merchants told a media outlet that the issue began in October of last year when the payments began to be delayed.

    At first, the founder and other members of the management would reassure us, but since the start of this year, no one has answered their phone.

    In addition to informing its clients that it was closing, the business promised to start the refund process within 60 to 90 days. Otipy was testing electric carts to sell fruits and vegetables offline in the Gurugram area for over five months before the abrupt shutdown.

    At the time, Entrackr stated that the business aimed to deploy 5,000 to 7,000 of these carts in Mumbai and Delhi NCR by 2026. Additionally, the news portal discovered that the business was also experimenting with the rapid commerce model.

    Otipy, a B2B2C social commerce network for fresh produce, including fruits, vegetables, dairy products, and other food items, was founded in 2020 by Khurana and Prashant Jain and is a division of Crofarm Agriproducts. It is a Crofarm-owned stepped-down subsidiary.

    Funding Rounds Till Now

    Otipy intended to raise $10 million in a lengthy Series B investment round, according to media reports. It is still unclear, though, if the business was successful in obtaining this cash. The firm raised $32 million in a Series B fundraising round led by WestBridge Capital in March 2022, with SIG and Omidyar Network also participating.

    The business has raised $44 million so far in many rounds of funding. Otipy’s sales in FY24 were INR 160 Cr on a stand-alone basis, which is 68% more than the INR 95 Cr it recorded in the prior fiscal year.

    Additionally, the firm was able to cut its loss from INR 72 Cr to INR 52 Cr, a 28% decrease from the previous year. Crofarm has not yet submitted its FY24 financial statements. Fraazo, another WestBridge-backed business involved in vegetable delivery, has already ceased operations.

  • Aakash Alleges Conflict of Interest by EY, Demands Byju’s-Related Records

    As part of its ongoing legal battle with Byju’s, Aakash Educational Services Ltd. (AESL) has accused EY of professional misconduct and conflict of interest.

    The main focus of the case is AESL’s governance and control problems after Byju’s failed takeover. AESL’s legal team claimed in a strongly written letter dated May 17, 2025, that EY offered advisory services to both AESL and Byju’s in a dual capacity, even though EY was fully aware of their entangled relationship.

    EY was ordered to stop all activity and keep all contact records for any legal procedures by AESL, which called EY’s actions “unethical and legally untenable”.

    Manipal Group Also Not Happy with EY

    The Manipal Group, a major AESL stakeholder, was represented by CrestLaw Partners, who also questioned EY’s involvement in providing the group with tax, accounting, and regulatory compliance advice.

    As the majority shareholder in AESL, CrestLaw wrote in a letter dated May 21 that the company would also like to note that their client, the Manipal Group, has been informed that there are significant correspondences in AESL’s records that demonstrate that EY was a constant factor in both operations and advice given to Mr Byju Raveendran, Byju’s, AESL, Aakash Choudhry, Blackstone, and our clients, the Manipal Group.

     “Your involvement in the Corporate Insolvency Resolution Process (CIRP) in any way, through anyone, is a matter of considerable concern, regret and amounts to misconduct,” the statement continued.

    EY responded to a media outlet by saying that it denies all accusations and takes client confidentiality and security very seriously. EY is therefore unable to provide any additional commentary on this issue.

    Sanjay Garg, the legal head of AESL, emphasised the importance of the matter and said that the organisation has enough evidence to present to any adjudicating or regulatory body to imply that participation in the CIRP process would interfere with the independent professional duties that organisations like you are supposed to carry out.

    He went on to say that if EY did not understand the gravity of our point—that EY was both an advisor and a participant in many of the decisions—AESL would be forced to take the necessary action.

    This comes amid a lingering legal battle between AESL and Byju’s, which started when Byju’s purchased AESL in 2021 for around $950 million in a deal that involved 70% cash and 30% equity.

    The deal called for shares in Think & Learn to be distributed to the Chaudhry family, Aakash’s promoters, and the massive private equity firm Blackstone.

     However, the Chaudhry family’s refusal to exchange their remaining shareholding, citing governance concerns, caused difficulties for the share transfer.

    The family eventually received a legal notification from Byju’s. Blackstone, the Chaudhary family, shareholders, Ranjan Pai’s Manipal Group, and Byju’s engaged in a bitter court war for control of Aakash, which has been enmeshed in insolvency procedures for more than two years.

  • Anthropic Debuts Claude 4, its Most Advanced AI Model

    Anthropic, the OpenAI competitor sponsored by Amazon, unveiled Claude 4, its most potent set of AI models to date, on 22 May. According to the business, the two models—Claude Opus 4 and Claude Sonnet 4—are setting a “new standard” for AI agents since they can compose complicated actions, analyse thousands of data sources, carry out lengthy tasks, and produce content of human calibre.

     In March 2023, Anthropic, a company created by former OpenAI research officials, released its Claude chatbot. Since then, it has participated in the increasingly intense AI arms race between IT giants and startups, a field that is expected to generate over $1 trillion in revenue in the next ten years.

    More Companies Opting for AI

    Businesses in almost every sector are scrambling to implement chatbots and agents driven by AI in order to stay ahead of their rivals.

    According to Jared Kaplan, chief science officer at Anthropic, the company has shifted its focus from investing in chatbots to enhancing Claude’s capacity to perform intricate activities like research and coding, even creating entire code bases, since the end of last year.

     Additionally, he admitted that the likelihood of the model going haywire increases with task complexity, saying, “And we’re really focused on addressing that so that people can really delegate a lot of work at once to our models.”

     In an interview, Kaplan stated that the business has been preparing for these models since last year. According to Kaplan, these models are far more powerful as coders and agents.

    Simply because some of the new infrastructure the brand was using to train these models made it extremely difficult for the teams to get everything up and running, it was undoubtedly difficult internally.

    Anthropic Claims Claude Opus 4 World’s Best Coding Model

    According to Anthropic, Claude Opus 4 is the “best coding model in the world” and is capable of operating on its own for seven hours, which is almost the equivalent of a full corporate workday. Anthropic claims that both models can switch between reasoning and tool use and search the web to accomplish things on a user’s behalf.

    The business added that they can extract and save important information to preserve continuity and gradually develop tacit knowledge if they are granted access to local files. Last week, Anthropic said that its first-quarter annualised revenue had more than doubled to $2 billion, up from $1 billion in the previous quarter.

    In a recent interview with a media outlet, revenue head Kate Jensen stated that the number of clients paying over $100,000 a year with Anthropic has increased eightfold in comparison to the previous year. Wall Street keeps investing in AI firms like Anthropic.

    Last week, the company was granted a $2.5 billion, five-year revolving credit line to increase its liquidity in the increasingly competitive and costly AI market.