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Savi Security raises $7m to launch AI scam detection app for consumers

Security startup Savi announced a $7 million seed round and launched an iOS and Android app on July 7 that screens calls, texts and voicemails for AI-enhanced scams. The round was led by Acrew Capital with participation from Magnify Ventures, TTCER and Resolute Ventures.

TechCrunch5h ago
News

DeepSeek develops in-house AI inference chip to cut Nvidia dependence

Reuters reports that Chinese startup DeepSeek is secretly developing its own AI inference chip to reduce reliance on Nvidia and Huawei hardware. The effort is in early stages, with the company recruiting chip designers and sounding out foundries and memory suppliers.

Reuters (via WHTC)7h ago
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Beijing weighs curbs on overseas access to leading Chinese AI models

Reuters reports that China’s commerce ministry has held recent meetings with firms including Alibaba, ByteDance and startup Z.ai about limiting overseas access to their most advanced AI models. Proposals discussed include treating leaks or theft of AI technology as national security offenses and tightening rules on foreign funding of Chinese AI startups.

Reuters (via WHTC)7h ago
News

India and Indonesia sign AI cooperation pact among 20 landmark deals

During Prime Minister Modi’s July 7 visit to Jakarta, India and Indonesia signed 20 agreements spanning defence, critical minerals and technology. One deal establishes cooperation on artificial intelligence, telecommunications, digital public infrastructure and startup collaboration.

Moneycontrol7h ago
News

BoE and ECB warn AI could threaten financial stability and cyber resilience

In separate July 7 releases, the Bank of England flagged AI-related stocks, leverage and cyber risks as growing threats to UK financial stability, while the European Central Bank ordered eurozone banks to submit AI-focused cyber risk plans by October 31. Both highlighted advanced models like Anthropic’s Mythos and agentic systems as systemic concerns.

Reuters (via WHTC)8h ago
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Forterra deploys generative-AI ground vehicles in live combat in Ukraine

TechCrunch reports that US startup Forterra has deployed over 100 autonomous Lancer vehicles in Ukrainian combat zones over the past nine months. The gas-powered UGVs, equipped with a custom sensor and compute stack plus Starlink connectivity, use self-driving and generative AI software but are still largely teleoperated in battle.

TechCrunch8h ago
News

Shanghai’s WAIC 2026 touts AI phones, humanoid robots and 1,100 exhibitors

At a July 7 Shanghai press conference previewing the 2026 World Artificial Intelligence Conference, officials said over 1,100 companies and 300 new products will exhibit, with compute and embodied AI each drawing 200+ firms. China’s NDRC forecast AI phones and PCs will outsell non-AI devices this year, and MIIT said humanoid robot output could exceed 100,000 units in 2026.

Sina News11h ago
News

China tightens rules on AI companions and bans youth ‘AI girlfriends’

Indian Express reports that major Chinese platforms will disable customizable persona features in chatbots by July 15, 2026 to comply with new anthropomorphic AI rules. The crackdown targets AI companion apps and imposes stricter protections for minors using virtual romantic or family relationships.

The Indian Express11h ago