SoftBank has raised a $40 billion short-term loan to back its growing exposure to OpenAI, signalling confidence in a possible IPO. Eli Lilly has signed a $2.75 billion deal with Insilico Medicine to commercialise AI-developed drugs globally. In Europe, Elon Musk’s Grok faces legal restrictions over misuse of AI-generated imagery. Meanwhile, India’s Sarvam AI has launched Chanakya for secure government deployments.
First Published: Mar 30, 2026 11:12 AM IST

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