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Nvidia Has Quietly Become the Bank… X Money rolls out to more… Hyundai takes full control of Boston… GCash parent Mynt files for a… Nvidia Has Quietly Become the Bank… X Money rolls out to more… Hyundai takes full control of Boston… GCash parent Mynt files for a…

Elroy Fernandes

Elroy is a digital marketer and developer from Goa, with over a decade of experience web development and marketing. He has been associated with several startups and serves currently as an Editor to the Asia Pacific Industrial magazine. He occasionally writes on Startup Fortune about technology and automation.
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Britain's top data regulator quits over misconduct findings just as its AI enforcement credibility is on the line
Elroy Fernandes ·
Britain's top data regulator quits over misconduct findings just as its AI enforcement credibility is on the line
John Edwards resigned as UK Information Commissioner on 19 June 2026, the same day the Data (Use and Access) Act became law, leaving British AI oversight without a permanent leader. The departure lands as the ICO runs live investigations into xAI's Grok and prepares a statutory AI code of practice, raising sharp questions about whether the UK's distributed regulatory model can hold without stable leadership at its centre.
RMZ Group is staking $35 billion on becoming the landlord of India's AI era
Elroy Fernandes ·
RMZ Group is staking $35 billion on becoming the landlord of India's AI era
RMZ Group, the Bengaluru real estate developer, is deploying $35 billion over five years to build 3 gigawatts of data center capacity across India, putting domestic capital in direct competition with Blackstone's AirTrunk and Canadian pension funds. The ambition is clear; whether India's power grid can absorb it is the harder question.
General Intuition is raising $300 million on the bet that gaming data is AI's most underrated asset
Elroy Fernandes ·
General Intuition is raising $300 million on the bet that gaming data is AI's most underrated asset
General Intuition, the AI research lab that trains foundation models on two billion gaming video clips a year, is in talks to raise $300 million at a roughly $2 billion valuation, TechCrunch reported on June 18. The round would follow the company's $134 million seed from October 2025 and arrives as rivals including Odyssey and AMI Labs pour billions into the world model category. The bet: gaming data is the sleeper infrastructure asset powering the next generation of AI that can reason about spa
OVHcloud is training frontier AI models and the Anthropic export ban just made its pitch a lot easier
Elroy Fernandes ·
OVHcloud is training frontier AI models and the Anthropic export ban just made its pitch a lot easier
OVHcloud announced at VivaTech that it has completed pre-training on its first frontier AI model using Jupiter, Europe's fastest supercomputer, and plans a family of open-source models built on its DragonLLM acquisition. CEO Octave Klaba says falling compute costs have made the project viable at €150-200 million, a fraction of what it would have cost previously. The announcement arrives days after Anthropic's US export ban shut European enterprises off from its top models, handing OVHcloud a pow
Midjourney is betting its next act on a full-body ultrasonic scanner and a spa chain
Elroy Fernandes ·
Midjourney is betting its next act on a full-body ultrasonic scanner and a spa chain
Midjourney has unveiled its first hardware product: a full-body ultrasonic CT scanner using 8,960 transducers, no radiation, and a 60-second scan time, to be deployed in branded wellness spas starting in San Francisco in late 2027. The company has licensed Butterfly Network's ultrasound-on-chip technology for $15 million upfront and plans 50,000 scanner deployments over six years. The real bet appears to be on the imaging dataset a billion monthly scans would generate.
India's largest stock exchange files for an IPO that is really a payout for its existing owners
Elroy Fernandes ·
India's largest stock exchange files for an IPO that is really a payout for its existing owners
India's National Stock Exchange filed its Draft Red Herring Prospectus with SEBI on June 17, 2026, targeting the country's largest-ever IPO at roughly ₹30,000 crore. The offering is structured entirely as an offer for sale, meaning proceeds go to institutional shareholders including SBI, CPPIB, and Temasek, not to NSE itself. The exchange, which reported a net margin above 50% in FY2026, is targeting a listing before December 2026.
Christine Lagarde puts AI's debt-fueled buildout on the financial stability watchlist
Elroy Fernandes ·
Christine Lagarde puts AI's debt-fueled buildout on the financial stability watchlist
The ECB's May 2026 Financial Stability Review compared the AI private-credit boom to the pre-2008 subprime build-up, with stress models showing 5-6% pension fund losses if AI capital spending disappoints. Lagarde's comments at the G7 summit in Évian this week have elevated the warning from a technical document to a political signal, arriving just as Nvidia closed a $20 billion bond sale and AI-linked debt issuances surged 357% year-to-date.
Hyperliquid's HYPE token hits $76.70 as SpaceX futures make the case for permissionless finance
Elroy Fernandes ·
Hyperliquid's HYPE token hits $76.70 as SpaceX futures make the case for permissionless finance
Hyperliquid's HYPE token hit a new all-time high of $76.70 on June 16, driven by SpaceX perpetual futures that generated $1.4 billion in single-day volume and spot ETF inflows of $17.19 million, even as Bitcoin ETF products bled outflows. The rally highlights how decentralized derivatives exchanges are capturing volume and institutional attention that once flowed exclusively to centralized players.
How to Automate Business Operations with AI Agents Without Hiring an Engineer
Elroy Fernandes ·
How to Automate Business Operations with AI Agents Without Hiring an Engineer
How to automate business operations with AI is the defining challenge for founders and operators in 2026. The tools, from Make.com and Relevance AI to Zapier and Clay, are genuinely capable now. The real barrier is knowing where to start and being willing to document your own decision rules before you hand them to an agent.
The SEC just removed the rule that was keeping US stock trading off the blockchain
Elroy Fernandes ·
The SEC just removed the rule that was keeping US stock trading off the blockchain
The SEC's June 11 proposal to rescind Rule 611 of Regulation NMS removes the compliance barrier that blocked tokenized US equities from trading on-chain. Paired with January guidance distinguishing genuine issuer-sponsored equity from synthetic derivatives, the moves sketch a deliberate regulatory framework that stands to benefit Coinbase, Robinhood, Kraken, and Gemini, while raising unresolved questions about best-execution oversight once the per-trade rule is gone.
Plaud reached $250 million in recurring revenue without a single venture dollar and is now targeting $500 million in 2026 sales
Elroy Fernandes ·
Plaud reached $250 million in recurring revenue without a single venture dollar and is now targeting $500 million in 2026 sales
Plaud, the China-founded AI notetaker startup behind the PLAUD Note recorder, has crossed $250 million in annual recurring revenue without a single venture dollar and is targeting $500 million in 2026 sales. Bloomberg confirmed the milestone on June 16. The company built a hardware-to-SaaS flywheel by converting device buyers into subscribers, growing 10x year over year for two consecutive years, and now faces its biggest test as Apple, Google, and Meta move into ambient AI capture.
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