iWorld
Airtel Payments Bank launches new digital savings account
KOLKATA: Airtel Payments Bank today announced the launch of its new savings account – Rewards123 to give more value to customers when they transact digitally using the bank account.
The Rewards123 account is designed to offer consistent value, with assured rewards on different types of digital transactions throughout the year. The new savings bank account gives multiple benefits to users with an annual earnings of upto Rs 960.
Customers can easily open or upgrade to Rewards123 through the Airtel Thanks app using Video KYC. The process is simple and can be completed within few minutes on the app from anywhere in the country.
Customers can get Rewards123 at an annual fee of Rs 299 only and enjoy a wide range of benefits.
·Load money benefits– one per cent cashback when a customer loads Rs 1000 through UPI in their account. The customer will get a maximum of Rs 10 per month.
·Shopping Rewards- two per cent cashback on online shopping of Rs 1000 or more using the platinum debit card which comes with the account. The customer will get a maximum of Rs 40 per month.
·Payment Benefits- Flat Rs 30 cashback per month on payments for prepaid recharges, post-paid, broadband, landline, and DTH bill payments.
Other benefits include Zero minimum balance, free Platinum Online Mastercard Debit Card and unlimited deposits with Auto-Sweep Facility.
Airtel Payments Bank MD & CEO Anubrata Biswas said, “Our research reflected that digitally ready, time sensitive consumers, seek consistent value during transactions, and are tired of surfing for the next best deal. With this insight, we developed Rewards123, a consistent value-driven proposition, which can be used safely as a separate account for digital transactions. This is India’s only bank account that offers regular rewards every month to customers on digital transactions. This innovation is an important addition to our neo-banking proposition of simple, secure, and value-driven solutions, and will further India’s mission of digital inclusion.”
iWorld
OpenAI hits back at Elon Musk’s lawsuit ahead of trial
Company calls claims “baseless” and accuses Musk of trying to disrupt a rival.
MUMBAI: When the stakes are measured in billions and egos are involved, even Silicon Valley titans can turn a courtroom into a battlefield. OpenAI has issued a sharp public response to Elon Musk’s ongoing lawsuit, accusing the billionaire of filing the case to harass a competitor rather than address genuine concerns. In a strongly worded statement shared on its official X account, OpenAI described Musk’s allegations as “baseless” and suggested the lawsuit is an attempt to disrupt the company as the case heads toward trial later this month in Oakland, California.
The response comes after Musk’s legal team recently amended the complaint, proposing that any damages potentially exceeding $150 billion should go to OpenAI’s nonprofit entity rather than to Musk personally. OpenAI questioned the timing and motive behind this change, calling it a late-stage attempt to “pretend to change his tune” on the nonprofit structure.
The company further labelled the lawsuit a “harassment campaign”, arguing that Musk’s actions are driven by personal rivalry, ego, and a desire for greater control and financial upside.
At the heart of the dispute is Musk’s claim that OpenAI has abandoned its original nonprofit mission of developing artificial intelligence for the benefit of humanity. A co-founder who left in 2018, Musk is seeking governance changes, including the removal of CEO Sam Altman from the nonprofit board, and the return of certain financial gains linked to Altman and President Greg Brockman.
OpenAI has firmly rejected these allegations, maintaining that its current hybrid structure, a public-benefit corporation overseen by a nonprofit parent remains true to its long-term goals. The company has also previously accused Musk of anti-competitive behaviour aimed at weakening its leadership.
As the case prepares for a jury trial, this public exchange highlights the deepening rift between two of the most influential figures in the AI revolution and raises broader questions about governance, mission, and power in the fast-moving world of artificial intelligence.
In the high-stakes game of AI, it seems the real drama isn’t just inside the models, it’s playing out in courtrooms too.
