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Top news of the day: 1. Google has rejected Meta's proposal for app store age verification, citing ineffectiveness and privacy risks. 2. AstraZeneca has signed a $5.3 billion AI-led research agreement with China's CSPC Pharmaceutical Group to develop therapies for chronic conditions. 3. SarvaGram raises Rs 565 Cr ($67 Mn) in Series D round led by Peak XV, with the participation from existing investors Elevation, Elevar, Temasek, and TVS Capital. 4. India's City Gas Distribution (CGD) sector is gaining momentum due to increased CNG adoption, infrastructure expansion, and cost benefits, as electric vehicles face global challenges. 5. AMD anticipates the artificial intelligence processor market to surpass $500 billion by 2028, growing from $45 billion in 2023. 6. Deutsche Telekom and Nvidia are collaborating to create an industrial artificial intelligence cloud for European manufacturers in Germany, set to be operational by 2026. 7. Walmart and Amazon are reportedly exploring the development of USD-pegged stablecoins. 8. Iqbal Khan, a specialist in private equity and mergers and acquisitions, is set to join Cyril Amarchand Mangaldas (CAM) in Mumbai, leaving J Sagar Associates with a team of 18 to 20 members. 9. Databricks is expanding its presence in India with a $250 million investment to enhance talent, R&D, and market reach. With a $62 billion valuation, the company sees India as vital for AI talent and innovation, aiming for positive cash flow. 10. Advanced Micro Devices (AMD) revealed a new AI server called Helios, set for 2026, aiming to rival Nvidia's offerings. 11. Meta Platforms has invested in Scale AI, valuing the startup at over $29 billion. The investment amounts to $14.3 billion, and Scale AI’s CEO, Alexandr Wang, will join a new Meta unit focused on artificial general intelligence (AGI). 12. Groww, an online investment platform, has raised $200 million from a funding round led by GIC, increasing its valuation to $7 billion as it prepares for its IPO. 13. India's leading ride-hailing platforms, Ola and Uber, are transitioning from commission-based models to subscription-based structures for drivers. 14. Coinbase is set to launch CFTC-compliant perpetual futures trading in the U.S., according to a senior executive. 15. Spinny, a used car marketplace, raised $30 million in primary capital from WestBridge Capital, bringing its Series F funding round to a total of about $170 million. 16. Pehle Jaisa, a startup transforming waste into opportunity, has raised $300K in a pre-Series A funding round co-led by Pantnagar Capital and Climate Angels. 17. Fidelity marks up IPO-bound Lenskart's valuation to $6.1 Bn 18. Hyderabad-based microdrama over the top (OTT) platform Chai Shots is raising $5 million in its maiden funding round, two sources aware of the development told Entrackr. 19. A Google Cloud outage on Thursday led to widespread internet disruptions, affecting services like Cloudflare and apps such as Spotify, Discord, and Snapchat. 20. India's retail inflation rate has dropped to under 3%, nearing the lower limit of the Reserve Bank of India's target, marking unprecedented price stability in over six years. 21. The Ministry of Finance’s decision not to reintroduce the merchant discount rate (MDR) for Unified Payments Interface (UPI) transactions has disrupted payment firms' monetization plans. Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.