Dear Reader, Industry experts argue India must develop its own AI safety framework tailored to its unique languages, scale, and application-focused ecosystem, rather than copy the newly signed White House Accord on Super Intelligence. While top US tech firms such as OpenAI, Meta, Google, and xAI recently committed to voluntary internal controls, external audits, and oversight teams under the US pact, Indian leaders like Nasscom Chairman Srikanth Velamakanni emphasize that India needs a customised, multi-stakeholder approach. Meanwhile, India’s top IT services firms are expected to post muted revenue growth (0.5–1% quarter-on-quarter) and stable margins for Q2 FY27 due to tight discretionary client budgets and prolonged decision cycles amid geopolitical tensions. While UnearthInsight expects Q2 performance to mirror a sluggish Q1, Gartner sees a slight uptick driven by older contract wins transitioning into revenue. Overall, analysts say that market cautiousness persists, with key focus turning to conversion rates from deal pipelines to revenue and the deflationary impact of AI on traditional IT services. Moving on to the world of electric vehicles, researchers are now looking at why some people feel motion sickness in an EV while others don’t. One of the possible reasons could be that humans have got accustomed to the sound of engines with movement. The silence in electric cars could trigger motion sickness, BBC reports. Other reasons include the braking mechanism in these cars as well as the way they accelerate and decelerate. In today’s newsletter, we will talk about Andhra Pradesh, PanIIT partner for Rs 500-Cr deeptech fund ICYMI: An intralogistics business that serves 25 countries Here’s your trivia for today: Which Japanese company was originally founded in 1946 under the name Tokyo Tsushin Kogyo before changing its name to a word derived from the Latin term for "sound"? (Scroll down for answer) Deeptech PanIIT Alumni India and the Andhra Pradesh government are partnering to launch the Rs 500-crore PanIIT Amaravati Venture Fund, targeting a first close by July 1, 2027. Unveiled at the PanIIT Andhra Pradesh Summit in Vijayawada on Saturday, the deeptech-focused fund aims to back at least 25 local startups by 2030 as part of a broader push to drive research, capital, and manufacturing into the state. While the fund will draw capital from IIT alumni, industry figures, and institutional investors, the exact financial breakdown among the partners remains undisclosed. Key takeaways: According to materials presented at the event, at least 50% of the companies the fund invests in will be expected to locate their principal R&D or manufacturing operations in Andhra Pradesh. The proposed fund seeks to address two pain points of the deeptech startup industry: access to patient capital and access to experienced operators and industry networks. Among the proposed initiatives is a permanent PanIIT Amaravati Council, which is expected to act as a coordinating platform for deeptech, research and innovation initiatives in the state. In Focus Over the past decade, Addverb has scaled from a five-member team into a global intralogistics player with over 1,000 employees, 300+ clients, and operations across 25 countries. The company offers end-to-end solutions combining hardware (AMRs, AGVs, general-purpose humanoids) with custom software across diverse industries including FMCG, electronics, petrochemicals, and energy. Addverb is currently expanding its R&D into "physical AI" and aims to double its revenue while expanding its global presence to 100 countries over the next decade. Key takeaways: Addverb operates manufacturing hubs in Noida and Greater Noida, serves over 300 clients across 25 countries, and generated about Rs 660 crore in revenue last year (targeting ₹1,300 crore this year). Half of its revenue comes from international markets. The company has expanded alongside the country’s logistics automation market that has grown to an estimated $2.1 billion and is projected to reach $8 billion by 2034. To support its expansion, Addverb has established offices across multiple regions. Its US office serves North and South America, while its Netherlands office covers Europe, the Middle East, and Africa. News & updates Oil business: OPEC+, during a meeting on Sunday, agreed to keep oil production targets steady for November. Core members of the group are Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman. AI ethics: David Robinson, who led the writing of safety reports that accompanied the ChatGPT developer’s product releases, has quit. He warned that OpenAI’s culture was broken and that AI firms were not being “careful enough” about developing the technology. What you should watch out for Officials from India and Canada will begin the fifth round of talks for their proposed Comprehensive Economic Partnership Agreement (CEPA) in Ottawa on October 5. Chief negotiators are reportedly aiming to wrap up the trade deal by the end of the year. Indian IT services company Tata Consultancy Services (TCS) is scheduled to announce its Q2 FY27 financial results on Thursday, October 8, 2026. Which Japanese company was originally founded in 1946 under the name Tokyo Tsushin Kogyo before changing its name to a word derived from the Latin term for "sound"? Answer: Sony We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail nslfeedback@yourstory.com. If you don’t already get this newsletter in your inbox, sign up here. For past editions of the YourStory Buzz, you can check our Daily Capsule page here.