AI shopping startup Phia has raised US$35 million in Series A funding to build an “AI alignment layer” that connects brands and consumers through intelligent shopping agents.

Coty has entered a strategic collaboration with OpenAI to deploy ChatGPT Enterprise across selected teams, strengthening the group’s adoption of responsible, enterprise-grade artificial intelligence.

Amazon is in discussions to invest as much as US$50 billion in OpenAI, marking a potential landmark deal in the rapidly intensifying global race to scale artificial intelligence.

Coupang’s interim CEO Harold Rogers was questioned by South Korean police over allegations that the e-commerce giant tampered with evidence related to a major personal data breach.

Indian e-commerce platform Meesho reported a sharp increase in its quarterly loss as it ramped up marketing and logistics investment following its stock market debut.