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OpenAI launches ChatGPT Wallet · New-age tech stocks extend rally

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The most important thing to land on a builder's desk today is OpenAI's launch of ChatGPT Wallet, which lets AI agents transact on a user's behalf but only after each purchase clears a biometric check such as Face ID. For anyone building agentic commerce, this is a concrete design answer to the question everyone has been circling: how do you let an agent spend money without letting it spend money unsupervised? The per-transaction approval gate is the pattern to study, whether you are shipping an assistant that books, buys or subscribes, and it sets a bar that users will now expect from anyone else in the space.

The rest of the day reads as a set of threads that connect. Trust and control are running through several stories at once. Mittal's argument that India must hold the satellite "kill switch", meaning the ability to cut off or throttle a network from the operator's side, is a sovereignty point, but it is also a dependency point: whoever controls the switch controls the product. Read alongside the Microsoft outage that disrupted email, research access and client communication at Indian brokerages, the lesson for founders is that single-vendor reliance is a product risk, not just an IT line item. In regulated sectors especially, continuity planning is becoming part of what customers buy.

Capital and talent are moving in the same direction. Morsa's $1.5 million pre-seed, led by Jackson Square Ventures with the a16z Scout Fund participating, is for an AI chief operating officer aimed at factories, which is a reminder that vertical, operations-heavy AI still draws serious early money. Meanwhile, New-age tech stocks added about $8 billion in market value this week, with the 69 companies Inc42 tracks rising 4.5% to $177 billion, and E2E Network and Turtlemint led the gains. Public-market appetite for Indian tech is warming, which tends to ripple into fundraising conversations within a few quarters. On the compliance side, Karnataka's drugs control department seized roughly ₹13.79 lakh of medical devices over labelling lapses in Bengaluru, a sharp signal that healthtech teams cannot treat labelling and documentation as afterthoughts.

Two stories round out the picture of the market's human side. Jensen Huang's resignation as Nvidia's CEO, following reports of an affair, is a leadership shock at the company most central to the AI build-out, and it is worth watching how that transition affects the supply and roadmap assumptions many of you rely on. ZGOD's unexplained exit from GodLike Esports is a smaller story but a familiar one in creator-led gaming, where the talent is the product. Apple's possible spring 2027 iPhone 18, 18e and Air 2 lineup is still a long way off, but it is the kind of date that shapes hardware and app roadmaps well ahead of launch.

What to watch this week: test how your own agent or payments flows handle explicit, per-action user approval, and check your vendor concentration against the next outage. Keep an eye on whether the biometric-approval pattern spreads to other AI commerce launches, and on any follow-up from the Nvidia leadership change.

OpenAI launches ChatGPT Wallet, requiring biometric approval per transaction

OpenAI has launched ChatGPT Wallet, letting AI agents buy on users' behalf while every transaction needs approval through a security check such as Face ID or fingerprint authentication. Users add a card once, and the agent shows items, total cost and card before approval. A payment network token replaces the real card details. American Express is the first Agentic Commerce Experiences integration, and OpenAI is releasing a Commerce Partner Playbook for businesses.

New-age tech stocks extend rally; E2E Network and Turtlemint lead gains

New-age tech stocks added about $8 Bn in market cap this week, with the combined value of 69 companies Inc42 covers rising 4.5% to $177 Bn from $169.3 Bn. Fifty five stocks gained, led by E2E Networks at 15.2%, Turtlemint at 14.7% and PB Fintech at 14.2%. The insurtech rally followed reports that IRDAI may modify its draft distribution paper. Seven stocks hit fresh highs, while Yudiz fell the most.

Meera’s TLDR Source: Inc42 ↗ Insurtech Ask Kriyā about this →

Jensen Huang exits NVIDIA; The Hindu examines his fall from grace

Jensen Huang has resigned as CEO of Nvidia, the company he built from scratch, after reports of an affair with Alice Huang, a Chinese businesswoman at the centre of an alleged spy scandal. The New York Times then reported a second relationship, with Kimberly Powell, Nvidia's head of healthcare and one of his direct reports. The Hindu describes it as a stunning fall for the man who built the hardware foundation of the AI revolution.

$1.5 million

Morsa raises $1.5 million pre-seed for AI COO for factories

Morsa has raised $1.5 million (about ₹14 crore) in pre-seed funding led by Jackson Square Ventures, with the a16z Scout Fund participating. Its AI chief operating officer works inside factory WhatsApp groups and ERP software to chase suppliers and track tasks. At glass maker J4S, Morsa says on-time task completion rose from 30% to 75% over four weeks. The money will fund product development and more deployments in India and the United States.

Apple may launch three new iPhones in early 2027: iPhone 18, 18e and Air 2; what to expect

Apple may launch the iPhone 18, iPhone 18e and iPhone Air 2 in early 2027, potentially in March, in a spring window between February and April. The lineup is expected to bring the A20 chipset, better battery life, camera improvements and iOS 27. Prices in India could start at ₹79,900, though Apple has yet to confirm details. Apple unveiled the iPhone 18 Pro models and the iPhone Duo foldable in September 2026.

₹13.79 lakh

Karnataka drug control seizes Rs 13.79 lakh of medical devices for labelling lapses

Karnataka's Drugs Control Department seized medical devices and consumables worth approximately ₹13.79 lakh from two establishments in Bengaluru's Cottonpet area during a drive on 11 and 12 November. Products worth ₹6,57,031 were taken from Mandev Surgipharma Pvt Ltd and ₹7,21,590 from Shree Mandev Surgicals. Items included hearing aids, thermometers, gloves and urine bags, many missing batch numbers, expiry dates, licence numbers or MRP.

Microsoft outage disrupts financial institutions' communication

A Microsoft outage disrupted corporate email, access to research reports and client communication at Indian brokerages. The impact was concentrated on workplace applications, with no confirmed widespread disruption to core banking, payment or settlement systems. The episode exposed concentration risk in Microsoft 365, since a failure at one common provider can hit many financial institutions at once. Alternative communication channels, backup document access and contingency plans were flagged as needs.

More from the wire · 6 stories

E-commerce

Ajinkya Rahane takes undisclosed stake in D2C cookware brand EmberInc42

Energy & Mobility

TVS patents Norton Atlas GT and Manx R ahead of India launchRushLane EV & Auto

Fintech

Paytm's wallet comeback faces a weakened UPI positionET BFSI DroneAcharya Profits Tank 65% YoY To ₹67 Lakh In H1Inc42

AI & ML

Petition to reinstate Huang at NVIDIA passes 100,000 signaturesCoinGape India & Global

Startups

DPDP Act: MeitY opens consent manager registration portalInc42

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