TFH, at an event in San Francisco, revealed plans to integrate verification tech into dating apps, event and concert ticketing systems, business organisations, and other arenas of public life, TechCrunch reports.
In other news, Meta is reportedly laying off employees later in May. The Facebook parent will let go of about 10% of its global workforce, or close to 8,000 employees, Reuters reported citing sources.
ICYMI: Meta delivered “strong business performance” in 2025, as revenue surged on the back of AI-driven enhancements. The company is pouring millions of dollars into its Superintelligence Labs efforts.
Lastly, if the summer this year feels unbearable, then you aren’t alone. Japan, which experienced its hottest summer on record in 2025, has revealed a new name this year for days that reach 40C or above. The term-kokushobi-roughly translates as “cruelly hot”, “brutally hot” or “severely hot” day by Japanese and international media, BBC reports.
In today’s newsletter, we will talk about
- Anthropic’s Claude Opus 4.7, explained
- Steep decline in VC funding
Here’s your trivia for today: Which English city was once known as Duroliponte?
Artificial intelligence
The enterprise AI race keeps getting intense. Anthropic rolled out its latest model, Claude Opus 4.7, a week after the limited preview of Claude Mythos, which is the most powerful model the company has developed to date.
The launch also happens days after OpenAI introduced GPT-5.4-Cyber.
Tech ahead:
- Within the Anthropic ecosystem, Opus 4.7 occupies the top tier of the generally available models, sitting above the Sonnet and Haiku variants.
- The new model is specifically tuned for advanced software engineering and complex, long-running tasks that require a high degree of autonomy.
- Users have mentioned that Opus 4.7 can handle difficult coding work with minimal supervision, often verifying its own outputs before presenting them.
Funding
Venture capital inflow into Indian startups is unpredictable and the third week of April is a case in point. The total funding for the week was just $70 million across 16 deals. In contrast, the previous week saw a total amount of $588 million. The fundraise this week was the lowest ever for the year till now on a weekly basis.
Key takeaways:
- This uneven inflow of VC into Indian startups reveals the challenges that the ecosystem continues to face in terms of having a steady flow of investments.
- This week, not a single transaction crossed $50 million in value, in addition to a lower number of deals.
- Branded national hostel chain The Hosteller raised Rs 150 crore ($16 million approx.) from PROMAFT Partners, V3 Ventures, ITI Growth Opportunities Fund, Merisis Wealth Trust, and family offices.
News & updates
- Profit:Private sector lender ICICI Bank recorded net profit growth of 8.49% for the January-March quarter of FY26 (Q4 FY26) on a year-on-year (Y-o-Y) basis to to Rs 13,701.68 crore, up from Rs 12,629.58 crore in Q4FY25.
- AI design: Anthropic said on Friday that it’s launching Claude Design, a new experimental product that lets users create visuals like prototypes, slides, one-pagers, and more using Claude.
