This week in AI
22 Jun – 29 Jun 2026
India Backs Open-Source and Homegrown Models Amid US Access Curbs
A senior MeitY official confirmed India's two-pronged AI strategy: lean on capable open-source models while building indigenous systems that reach 60-80% of frontier-model capability. The IndiaAI Mission is currently supporting 20 Indian AI models under development.
The Economic Times · 28 Jun
Zeta Cofounder Bhavin Turakhia Launches AI Work Platform Neo with $30M
Serial entrepreneur Bhavin Turakhia (Directi, Zeta) has launched Neo, an AI-native work platform, backed by $30 million of his own capital. Neo aims to unify tasks, documents, and knowledge with AI-led execution as enterprises look to move AI adoption beyond pilots and standalone chatbots.
The Economic Times · 24 Jun
Oracle Confirms AI-Driven Restructuring Cut 21,000 Jobs Globally in a Year
In an annual regulatory filing, Oracle disclosed it cut 21,000 jobs (about 13% of its workforce) over 12 months due to 'adoption and deployment of AI technologies,' even as quarterly net income rose 27% year-on-year. The company warned further AI-driven workforce reductions are possible.
Forbes · 23 Jun