Reddit vs Anthropic: AI Just Got Sued 🤖⚖️

☀️ Good Morning, Masala Crew!

It’s Friday, June 6—and if you’re counting down the minutes to your weekend chai, you’re not alone. But before you check out, check in with today’s edition: courtroom clashes, college salary spikes, Reddit’s AI beef, and a Friday market rally that’s giving us all the feels.

Let’s stir the pot 👇

☕ Chai Shots

• 🌍 India Nudges Airlines Toward Air Mauritius: The Centre is urging Indian carriers to consider investing in crisis-hit Air Mauritius. The push is part of a broader strategy to deepen ties across the Indian Ocean region and boost aviation presence.

• ✈️ Adani Airports Raises ₹6,200 Cr: Adani Airports locked in $750 million in funding from a global bank squad including Barclays and Standard Chartered. The cash will upgrade six key airports and clear out old debt. Total FY25 passengers? Over 94 million.

• 🇮🇹🇮🇹 Italy ❤️ India: From tractors to tiramisu, Italy is betting big on India. Piyush Goyal’s Italy visit landed big pledges from top Italian firms. Carraro Group plans to invest €350M in India, UFI Filters will double its stake, and Toschi Vignola is cooking up expansion plans to tap into India's evolving food scene.

• 🧑‍⚖️ Reddit Takes Anthropic to Court: Reddit has filed a lawsuit against AI startup Anthropic, accusing it of training models on Reddit content without permission. The platform says Anthropic ignored scraping restrictions and kept hitting its servers over 100,000 times—even after being asked to stop. Reddit has signed data deals with OpenAI and Google, but says Anthropic "refused to engage." More in The Big Brew 👇

📈 Market Masala

• 📈 Markets Rally Ahead of RBI Policy: The Sensex surged 444 points to close at 81,442, while the Nifty hit 24,751—both lifted by gains in pharma, realty, and expectations of an RBI rate cut. Broader indices also cheered, with midcaps up 0.65% and smallcaps gaining nearly 1%.

• 🔮 Rate Cut Buzz Electrifies Traders: A 25 bps rate trim is expected in Friday’s policy meet. Rate-sensitive sectors like auto and realty are already flexing. Technically, the Nifty reclaimed its short-term averages and posted a bullish daily candle.

• 💹 Winners & Whiners: Top gainers included Eternal, Power Grid, ICICI Bank, and Dr. Reddy’s. On the flip side: IndusInd Bank, Bajaj Finserv, Axis Bank, and Tata Consumer didn’t shine.

• 🏦 Central Bank Buys Into Insurance: Central Bank of India is expanding its portfolio by picking up a 24.91% stake in Future Generali India Insurance for ₹451 crore, all cleared by the regulators.

• 📶 Cheap Wi-Fi May Burn a Hole in Telcos’ Pockets: Jio and Airtel are pushing cheap 5G home internet via FWA. But analysts warn the economics don’t add up—expect a shift to fiber or steeper rates soon

• 🎓 Fresh Grad Salaries Rebound: After a slump last year, starting salaries for MBAs and BTech grads are rising again. High-demand roles in renewables, private equity, and analytics are leading the rebound.

🌍 Global Masala

• ☎️ Trump & Xi Reignite Trade Talks: After a 90-minute call, the U.S. and China agreed to resume discussions on easing tariffs, offering a possible break in their ongoing trade standoff—though major friction points like rare earth exports and tech restrictions remain unresolved.

• 📉 Asia Gets a Boost from Fed Cut Hopes: Weak US jobs data is fueling speculation of an upcoming Fed rate cut. Asian indices rallied, with Seoul and Hong Kong leading, while Tokyo held back ahead of a bond auction.

• 🇺🇸 Wise Ditches London for US Listing: UK-based Wise is moving its main listing to the US in search of deeper liquidity, more investor interest, and a better shot at inclusion in top indices.

• 💸 UK Tax Scam Unmasked: A £47 million phishing scam rocked the UK tax office, with organised crime groups using fake taxpayer IDs to claim refunds. Arrests are underway, and the probe is expanding.

• 🚗 Suzuki's Swift Setback: Suzuki Motor has temporarily halted Swift production in Japan due to China’s rare earth export curbs. The company cited component shortages, making it the first Japanese automaker directly hit by Beijing’s restrictions. A partial restart is expected on June 13, with full production resuming after June 16.

🚀 Startup Scoop

• 🌱 Stride Green Bags $3.5M: Clean energy finance startup Stride Green raised $3.5 million in seed funding led by Micelio and Incubate Fund Asia. The company provides leasing and lifecycle management for EVs and battery tech, with plans to scale across India.

• 🥗 Khari Foods Nabs ₹3 Cr: Healthy snacking brand Khari Foods secured ₹3 crore from Meri Punji IMF to fuel nationwide expansion. The clean-label startup offers snacks made without maida or palm oil, and is eyeing a 200% revenue jump this year.

• 🧭 The Tarzan Way Raises ₹2 Cr: Travel tech player The Tarzan Way raised ₹2 crore from Inflection Point Ventures and angels like PhysicsWallah’s founder. The AI-powered platform builds personalized travel plans and is prepping a new “Exploration App” to scale up.

• 💉 360 ONE Prescribes ₹170 Cr to Paras Healthcare: Asset management firm 360 ONE Asset just funneled ₹170.6 crore into Paras Healthcare, a major hospital chain in north India. The deal includes fresh funding plus a secondary stake sale by an earlier investor.

• 💸 Loantap Recharges With $6.2M: Pune-based Loantap just locked in $6.2 million in equity from July Ventures and a crew of returning backers like 3one4, Avaana, and Kae Capital. With $45 million raised so far, the digital lender is reshaping itself amid tighter fintech norms—shifting away from just consumer lending to stay competitive.

🍵 The Big Brew

Reddit just became the first Big Tech firm to drag an AI startup to court over training data—and it's not pulling punches. In a landmark lawsuit, Reddit is accusing Anthropic of scraping its site without a licensing deal and violating both privacy norms and community trust.

Here’s what’s brewing:

• 🤖 The Core Issue: Reddit says Anthropic trained its AI on Reddit content without permission, breaching its user agreement and scraping rules (robots.txt).

• 💸 Show Me the Money: Reddit wants Anthropic to cough up damages and give back any profit gained from using Reddit posts.

• 🛑 Repeated Violations: Even after being told to block its bots, Anthropic allegedly continued to hit Reddit servers 100K+ times.

• 🤝 But Deals Are Possible: Reddit has cut AI content deals with OpenAI and Google—both under terms that protect user privacy. Anthropic, however, allegedly ghosted the talks.

• 🧠 The Bigger Battle: Reddit now joins a growing chorus of lawsuits from publishers, authors, and musicians pushing back against AI firms exploiting creative content without compensation.

🧵 What does this mean?
Expect tighter AI content regulations and even more lawsuits in the coming months. This case might also push startups to rethink how they source training data—and how transparent they are about it.

🤔 Chai Break Trivia

🫖 Did you know? In Japan, there's a train station called Seiryu Miharashi that has no entrance or exit—it exists purely so passengers can get off and enjoy the view of the river. Trains stop, people soak in the scenery, then hop back on. 🚉🌊🗻

🔮 What’s Brewing Next?

• 🎯 RBI’s monetary policy announcement drops today—will we get the much-anticipated rate cut?

That’s a wrap for your Friday brew, folks! Whether you’re plotting IPOs or just planning weekend chai with extra samosas, go forth with the full flavor of newsy masala in your brain 🧠☕

We’ll be back with more headlines, drama, and decoding—until then, stay caffeinated, stay curious, and whatever you do… don’t refresh IRCTC at 10 AM sharp. 😅