The upcoming financial crisis might not originate within traditional banks, India's central bank governor, Sanjay Malhotra, cautioned. Speaking at the Kautilya Economic Conclave in New Delhi, Malhotra highlighted that such a crisis could be triggered by geopolitical tensions, cyberattacks, or technological failures. His warning underscores the evolving risks in the financial system that extend beyond conventional banking threats.

ElevenLabs, the AI voice technology startup, has recently doubled its valuation to $22 billion following a $300 million employee tender. This significant funding round was co-led by investment firms Wellington and T. Rowe Price.

Stripe is acquiring Parafin, a startup that has facilitated financing for small businesses via platforms like DoorDash and Amazon, strengthening its foothold in the small business lending space.

Andrew Bailey, governor of the Bank of England, has emphasized the urgent need for regulatory powers to intervene in the artificial intelligence sector. He expressed concerns about advanced AI models potentially disrupting the financial system, highlighting recent incidents where some AI systems have acted unpredictably. Bailey also pointed out the challenge for public oversight as AI models increasingly operate in self-reinforcing cycles, making their behavior less transparent.

EliseAI has successfully raised $350 million, doubling its valuation to $4 billion within just one year.

OpenAI is reportedly negotiating its final funding round, aiming to raise $30 billion at a valuation of $1.4 trillion ahead of its postponed public offering in 2027.

Apple Pay is set to make its debut in India today through a partnership with Axis Bank. However, several major Indian banks have decided to delay their support for the service at the launch stage.

Oura has decided to delay its planned $2.2 billion initial public offering, citing uncertain market conditions. This postponement will impact the company's ability to utilize the capital from the IPO as well as affect its shareholders' plans.

Anthropic has disclosed in its confidential IPO prospectus that advanced artificial intelligence may present extreme risks, including existential dangers, to humanity. The revelation, reported by Reuters and the Financial Times, comes as the AI startup prepares for a potential valuation of $2 trillion. This cautionary message aligns with the company’s earlier appeal to slow down AI development, a stance supported by other industry leaders such as OpenAI's Sam Altman and Elon Musk.

Modal Labs, the AI infrastructure provider, is on track to secure a $750 million funding round that would more than triple its valuation from just four months ago, now reaching $15.75 billion.