Business

Aravind Srinivas Becomes India’s Youngest Billionaire with ₹21,190 Crore Net Worth


Written by Intern Rency Gomes || Team Allycaral 

Aravind Srinivas, Co-founder and Chief Executive Officer of Perplexity AI, has become India’s youngest billionaire, with a reported net worth of ₹21,190 crore, as per the Hurun India Rich List 2025.


The milestone highlights the rapid rise of artificial intelligence-driven startups and the growing global footprint of Indian-origin entrepreneurs in the technology sector. Perplexity AI, known for its AI-powered search and answer engine, has witnessed significant growth amid increasing demand for generative AI tools worldwide.

Srinivas, who previously worked in advanced research roles in artificial intelligence, co-founded Perplexity AI with the vision of building a more efficient and transparent AI-based information platform. The company’s valuation surge has contributed substantially to his billionaire status.

His inclusion as India’s youngest billionaire underscores a broader shift in wealth creation patterns, with technology and AI startups emerging as key drivers of new-age entrepreneurship.

The Hurun India Rich List 2025 reflects the expanding influence of tech founders in India’s wealth landscape, particularly those leading innovations in artificial intelligence, data science and digital platforms.

TechPulse

OpenClaw Creator Peter Steinberger Joins OpenAI as Sam Altman Accelerates AI Agent Strategy


OpenAI CEO Sam Altman announced that Peter Steinberger, the creator of the viral AI agent OpenClaw, is joining OpenAI as the company sharpens its focus on next-generation autonomous AI systems. Altman confirmed that OpenClaw will continue to operate as an open-source project under a foundation model, with OpenAI providing ongoing support.

OpenClaw, previously known as Clawdbot and Moltbot, was launched just last month by Steinberger and quickly gained momentum across social media and developer communities. Its rapid rise reflects the growing demand for AI agents capable of independently completing tasks, making decisions, and taking actions on behalf of users without constant human oversight. Businesses and consumers alike are increasingly experimenting with AI systems that can handle workflows, research, communication, and operational processes autonomously.

In a post on X, Altman said Steinberger would join OpenAI “to drive the next generation of personal agents,” describing him as “a genius with a lot of amazing ideas about the future of very smart agents interacting with each other to do very useful things for people.” Altman added that intelligent agents are expected to become core to OpenAI’s product offerings in the near future.

Although financial terms were not disclosed, the move underscores the intensifying competition for AI talent across the technology sector. Earlier this year, OpenAI acquired former Apple designer Jony Ive’s AI devices startup io for more than $6 billion. Technology giants including Meta and Google have also been investing billions to attract top AI researchers and developers.

OpenAI, most recently valued at $500 billion, faces mounting competition in the generative AI market, particularly from Anthropic. Anthropic’s Claude models have been gaining traction among enterprise clients, especially with tools such as Claude Code. The company recently introduced Claude Opus 4.6, which it says improves coding capabilities, sustains tasks for longer durations, and delivers higher-quality professional output. Anthropic was reportedly valued at $380 billion in a fundraising round earlier this week.

OpenClaw has also expanded quickly in China, where it can integrate with locally developed language models such as DeepSeek and be configured for use with domestic messaging platforms. Chinese search engine Baidu plans to offer users of its main smartphone application direct access to OpenClaw.

However, some researchers have expressed concerns about the openness of OpenClaw and the potential cybersecurity risks posed by highly customizable AI agents that users can modify extensively. As AI systems become more autonomous and interconnected, the balance between innovation, openness, and security is expected to remain a central issue in the rapidly evolving artificial intelligence landscape.

With Steinberger joining OpenAI and OpenClaw continuing as an open-source initiative, the company appears determined to strengthen its leadership in the emerging era of intelligent AI agents capable of operating with greater independence and collaboration.

Events in Goa, IFFI 2025

Masterclass on “The New AI Cinema” Explores the Future of Filmmaking at IFFI 2025


Written by Tanisha Cardozo || Team Allycaral

The sixth day of the International Film Festival of India (IFFI) 2025 delivered one of the festival’s most forward-looking conversations through its masterclass titled “The New AI Cinema: A Discourse on Generative AI and Large Language Models (LLMs)”. The session brought together eminent voices from technology and cinema, including technologist Shankar Ramakrishnan, AI expert V. Muralitharan, and internationally celebrated filmmaker Shekhar Kapur, who led an engaging and visionary dialogue on how rapidly developing artificial intelligence tools are reshaping the art and craft of filmmaking.

The session opened with Ravi Kottarakara honouring Shekhar Kapur for his pioneering impact on Indian cinema, highlighting his innovative approach to storytelling and his enduring influence with films like Mr. India, still celebrated for its technical brilliance and cultural legacy. Kapur reflected on the profound shift unfolding across the world with the rise of AI, describing it as the most democratic medium ever introduced to filmmaking. He emphasised that AI has dissolved long-standing barriers, giving unprecedented creative access to individuals who previously had limited pathways into the industry. Illustrating this point, he shared an anecdote about his cook who used ChatGPT to create a script for Mr. India 2, demonstrating how transformative and inclusive AI-powered creativity has become.

Kapur expressed confidence that India, home to the world’s largest youth population, is poised to take a leading role in shaping the future of film technology. He also clarified the difference between traditional VFX and AI-driven processes, noting that while VFX involves crafting or modifying visuals digitally, AI leverages machine-learning models to automate, enhance, or even generate creative elements, fundamentally shifting the way films can be conceived and executed.

Technologists Shankar Ramakrishnan and V. Muralitharan expanded the conversation by demonstrating how modern AI tools such as ChatGPT and Google Gemini assist filmmakers across multiple stages of production, from scripting and storyboarding to generating detailed shot descriptions including lighting, camera angles, and visual dynamics. They showcased their AI-enhanced project The Turban and The Rock, written by Raja Rao, explaining how various AI platforms were integrated seamlessly into its creation.

The interactive Q&A session that followed encouraged deeper conversations about the larger possibilities of AI in cinema. The panellists highlighted how emerging technologies can support documentary production, archival restoration, film education, and creative ideation. Audiences were given a glimpse into the future through the screening of an AI-generated short documentary titled The Lost Legends, which demonstrated the growing sophistication of AI-driven visual storytelling.

Despite the enthusiasm surrounding technological advancement, Shekhar Kapur grounded the discussion by reminding the audience that cinema’s true heart lies in human emotion. He emphasised that while AI can accelerate processes and expand creative possibilities, it is ultimately the human artist who breathes life, meaning, and emotional depth into a film.

The session concluded with a touching tribute to legendary actor Dharmendra, honouring his immense contribution to Indian cinema and reminding attendees that while the tools of filmmaking may evolve, the soul of the art remains in the stories and performances that connect deeply with audiences.

EduConnect

Microsoft’s Aruna Chakkirala Talks GenAI, Responsible AI at Goa Business School


As part of the ongoing Fomento Lecture Series, Microsoft’s Lead AI Cloud Solutions Architect, Aruna Chakkirala, delivered an insightful talk at Goa Business School, Goa University, on Tuesday. The session, titled “Business Impact of AI and Building Meaningful GenAI Use Cases,” offered students a first-hand perspective into how artificial intelligence, particularly Generative AI, is reshaping the world of work and innovation.

An alumna of Goa University herself, with a Master’s in Computer Applications, Aruna’s return to campus was both nostalgic and impactful. Drawing from over two decades of global experience in AI and cloud architecture, she explored the widespread influence of Generative AI across industries and how it’s essential for young professionals to orient themselves toward this transformative technology.

She advised students to focus not only on acquiring AI skills but on building domain understanding—stressing that AI should be seen as a tool to augment human capabilities, not replace them. This, she said, is crucial for improving job prospects in an increasingly AI-integrated job market.

Addressing a pressing concern among students, Aruna candidly acknowledged the uncertainty surrounding AI’s impact on employment. “We still don’t know how this wave of AI growth will ultimately affect job creation or displacement,” she said, validating the mixed sentiments within the academic community.

What remained constant throughout her talk was the emphasis on Responsible AI. For Aruna, responsible innovation has always been at the core of her professional journey. She spoke about the ethical dimensions of AI systems and the importance of building transparent, explainable models. Her book, Interpretability and Explainability in AI using Python, underscores this very philosophy and remains a valuable resource for professionals and learners alike.

The session concluded with an interactive Q&A where students engaged with Aruna on current AI trends, future opportunities, and the importance of human-AI collaboration. The event further cemented Goa Business School’s commitment to providing students with access to leaders driving real-world tech transformation.

TechPulse

Goa AI Mission 2027 Gains Strategic Support from Sarvam AI


The Government of Goa’s ambition to lead in ethical, responsible, and innovation-led AI adoption has received a major boost as Sarvam AI, India’s first sovereign AI startup, extended its support for the Goa AI Mission 2027. The Department of Information Technology, Electronics & Communications (DITE&C) hosted a virtual session with Sarvam AI, marking a significant step toward building an AI ecosystem rooted in cultural relevance, local language access, and inclusive design.

Sarvam AI, recently selected under the IndiaAI Mission, is building a full-stack generative AI platform tailored for India. During the session, Sarvam AI showcased key products including Sarvam Samvaad (a conversational AI), Sarvam Arya (an enterprise reasoning engine), and Vistaar (a serverless deployment platform)—all built to support Indian languages and contexts.

The discussion was led by DITE&C Director Shri Kabir Shirgaonkar and Joint Director Dr. Milind Sakhardande, along with SeMT leads Ms. Sharda Katare and Shri Amit Bandekar. Sarvam AI was represented by its Founder Mr. Shubham Arora, along with Guru Prabhaker, Director – Sales, and Prerna Bhandari, Public Sector Lead. The focus was on three pillars: policy collaboration, co-development of citizen-centric AI services, and the establishment of an AI Centre of Excellence in Goa.

A key outcome of the session was the shared interest in building a Konkani Large Language Model (LLM). This language model would contribute significantly to the digital preservation of Goa’s linguistic and cultural heritage while enabling AI-powered services for local communities in their native tongue.

Hon’ble Minister for Information Technology, Electronics & Communications, Shri Rohan A. Khaunte, stated, “As the government is working towards creating Centres of Excellence in AI, the goal is to make Goa a hub for applied research, experimentation and industry collaboration. Through the AI Mission 2027, we are laying the groundwork in policy, infrastructure, research, and skills to lead in ethical and responsible AI adoption.”

Shri Kabir Shirgaonkar, Director of DITE&C, added, “Collaborating with industry leaders like Sarvam AI strengthens Goa’s vision of building an AI ecosystem that is not only innovative and sovereign but also deeply rooted in our local languages and cultural context. A key part of this mission is the development of a Konkani Large Language Model, which will help digitally preserve and promote Goa’s rich linguistic and cultural heritage. Their approach ensures that technology benefits every community across the state.”

Goa AI Mission 2027 is already mapping out skill development programs, research infrastructure, and AI governance frameworks. Partnerships like this signal a move from planning to implementation—ensuring that the benefits of AI are not just futuristic, but real, contextual, and accessible to every Goan.