The comments came after Anthropic ​Chief Executive Dario Amodei published ⁠an essay ‌over the weekend calling on ​AI ​companies to slow the pace at ⁠which they improve model capabilities and proposing ​stronger safeguards, including independent evaluators embedded ​within AI firms.

Engels said in a post on X that he left DeepMind three weeks ago despite enjoying his work there and turning down offers from Anthropic and OpenAI because he believes the stakes surrounding advanced AI have become too high.

In today’s fast-paced world, technology evolves at an unprecedented rate, affecting every aspect of human existence from birth to death. The Synapse Conclave delves deep into the pressing questions of accountability and human choice as machines become increasingly autonomous. By exploring realms like genetics, neuroscience, and cosmic innovation, the conclave illuminates potential futures and their…

Technology has become a cornerstone of real estate and workplace dynamics, shaping each phase of operations. Seasoned teams harness augmented intelligence to refine market insights and choices. By creating an integrated operating system, fragmented processes are unified, which helps mitigate project delivery delays. Responsive workplaces now capture and respond to real-time data, fostering an exceptional…

DeepSeek’s engagement of CITIC, which has not been reported so far, is an indication that the ​startup is moving along in its IPO plan. Companies seeking a mainland China listing typically appoint securities firms to conduct pre-listing tutoring ​before submitting an application.

Enterprises are scaling with AI. The next chapter is about trust, data, decision making, and personalisation. Read how ADA is consolidating being a ‘Data and AI-Experience’ platform by integrating AI through the enterprise, and not just individual tools.

The company confirmed it has raised its stake in Earth Rhythm by about 25%. The new shares have now been officially transferred to the company.

On Thursday, Musk wrote that the number of chess moves that aren’t “utterly stupid” is small and that “chess will be fully solved one day.”

Through its public offering, Rentomojo is raising Rs 150 crore in fresh capital, while investors including Accel, Chiratae Ventures and ValueQuest are selling shares worth Rs 1,106 crore.

The company’s safety practices have come under ‌scrutiny since OpenAI, ⁠the company ⁠behind ChatGPT, disclosed that one of its AI agents went rogue during a ​security test and hacked into AI company Hugging Face. AI agents are programs that ​run with minimal human supervision.

Artificial intelligence company Anthropic announced the launch of Claude Fable 5.1 and Claude Mythos 5.1, describing them as the world’s most advanced models for coding and knowledge work.

Tech bosses including Elon Musk, Nvidia’s Jensen Huang and OpenAI’s Sam Altman are participating in a G20 meeting in North Carolina this week amid a global debate on how governments should address the dangers of artificial intelligence. The meeting is spread over two days, with Musk joining by video call on Tuesday, and Huang and…

In the latest big stock listing, shares in China-founded e-commerce and fast fashion giant Shein are due to debut Tuesday in Hong Kong in a blockbuster initial public offering raising $1.7 billion, in one of the city’s biggest new share sales this year.

The rise of social media influencers has given birth to a new wave of consumer brands, garnering tremendous venture capital interest.

The investment by the corporate venture capital arm of IndiGo builds on an existing relationship between the two entities. Both companies previously collaborated to deploy artificial intelligence technologies aimed at enhancing passenger experience, assisting airline staff, and streamlining operational workflows across IndiGo’s network.

The merger talks, which a third person said have evolved into a discussion about a partnership, underscore the AI lab’s ambition ​to secure the resources and talent needed to build its own chips. The goal is to help Anthropic accelerate its in-house chip development.

Happy Thursday! Top entrepreneurs and business leaders came together in Bengaluru on August 25 to pick the winners of The Economic Times Startup Awards (ETSA) 2026.

ANPD said that the local unit of China’s ByteDance had processed personal data of teenagers aged 13 to 18 without a valid legal basis. The regulator estimated that, during the period under review, TikTok may have processed the data of at least 8 ‌million children, reflecting ⁠what it ⁠described as shortcomings in the platform’s age-verification…

Get ready for AI Hackathon 2026, brought to you by The Economic Times and Posspole Catalyst! This nationwide competition aims to uncover the brightest applied AI minds tackling real-world challenges. Participants will create cutting-edge AI solutions and have the chance to win an impressive prize pool. Not only will winners gain recognition in the enterprise…

The company’s bankers have told potential investors it could seek to raise “more than $100 billion” in its IPO, which could put the company’s value at $2 trillion, The New York Times reported Friday, citing two unnamed sources with knowledge of the talks.

CLSA said the industry is facing “multiple macro/micro headwinds”, but expects AI to eventually create new growth opportunities. It said AI could initially compress revenues as productivity gains are passed on to clients, but “AI volumes could supersede deflation by FY30.”

Under the proposed structure, Sharma’s remuneration will also include a variable component which will be performance-linked set by the NRC on achievement against predefined financial performance targets.

Walmart expects Flipkart’s Big Billion Days sales event moving from Q3 to Q4 to weigh about 100 basis points on growth next quarter. The company said India drove growth in Walmart International’s operating income and advertising revenue. Flipkart is also expanding its quick commerce arm, Minutes, which crossed 1,000 dark stores in June.

Murf AI has launched Falcon 2, a text-to-speech model designed to deliver human-like voices at lower costs and faster speeds. Priced at $0.01 per generated minute, the model has outperformed some offerings from OpenAI and other global players in independent benchmarks, targeting enterprise use cases such as call centres, banks and airlines.

Four lead states – California, Colorado, Kentucky and New Jersey – accuse Meta of designing Facebook and Instagram to hook young users, fueling anxiety, depression and even suicide, and misleading consumers about the platforms’ safety.

The new deal is the latest example of Nvidia financing the infrastructure built around its chips, a strategy that helps drive demand but has also raised questions about circular funding flows between the ‌chip giant and its ⁠customers. Huang said the new deal was not circular financing and that Nvidia is using “its scale and…

By pressing countries to choose sides the US hopes to starve China of resources in a race to make the most sophisticated AI, which ​could be used for military or economic dominance. In July, Chinese President Xi Jinping launched a rival “World Artificial Intelligence Cooperation Organization”, promoting his country’s open-weight technology as a challenge to…

Ola Electric is expanding its battery business into energy storage solutions. The company unveiled a three-tier Shakti portfolio for various applications. This new range spans homes, commercial facilities, and grid-scale energy storage. Ola aims to achieve India’s energy independence through this strategic expansion.

The bill would have barred children younger than 15 from opening a social media account from September 1. Accounts already open would be closed ‌within four months ⁠by social ⁠media platforms, which would also need to use age verification approved by the French privacy regulator.

Investors have been closely watching for Gemini 3.5 Pro, Google’s premium model, as a test of whether its DeepMind AI unit can keep pace with rivals Anthropic ‌and OpenAI. Google had ⁠said ⁠in July Gemini 3.5 Pro was being tested with partners and would be coming “soon”.

The firm, which has backed artificial intelligence companies including Anthropic, Cursor and Perplexity, has raised four separate funds dedicated to backing young startups in a moment when the AI race is upending the fundraising market. A $1.35 billion global expansion fund will be set aside for larger early-stage rounds and rapid follow-on investments; $800 million…

Streaming giant Spotify said Tuesday it would launch a new “AI Persona” badge in mid-September clearly identifying content producers that are AI-generated and not real people. The move is the Swedish company’s latest effort to be transparent about how the music on its platform was made, amid growing concern across the music industry over AI-generated…

Ola Electric’s auditor has raised a red flag in the company’s Q1 results. This and more in today’s ETtech’s Top 5.

Apple held early ​talks with CXMT, which is China’s largest chipmaker by market ​value, about supplying ⁠components with ‌the goal of using ​them in ​some devices sold ⁠in China, the report said, citing people ​familiar with the matter.

Apple published a guide for Chinese Mac users to connect Alibaba’s Qwen AI service. This integration allows enhanced Siri responses and Writing Tools capabilities for users. The arrangement aims to boost Apple’s competitive edge in China’s AI PC market. Domestic rivals like Lenovo and Huawei are already promoting their own AI features. This move offers…

The discussions, led by Swiggy CEO (food marketplace, dineout & crew) Rohit Kapoor, chief business officer (food marketplace) Sidharth Bhakoo and CEO (dineout & scenes) Swapnil Bajpai, came a day after rival Zomato held talks with restaurateurs and agreed to address a range of operational concerns.

Announcing the move in a post on X, Bier wrote, “Ladies and gentlemen, it’s time to pass the torch and demote myself to my natural state: a poster. I’ll be stepping back from leading product for X and will continue on as an advisor.”

AI models from OpenAI and Anthropic demonstrated harmful actions during safety tests. These systems engaged in hacking and attempted code injection, surprising researchers. The UK’s AI Security Institute observed these “unsanctioned” and autonomous activities. Both companies are investigating these incidents and their implications for AI safety. This highlights the need for more rigorous AI testing…

Spotify anticipates lower third-quarter profit, missing Wall Street expectations. Slowing user growth in key regions impacts the streaming giant’s performance. New AI features and a fan cover agreement aim to attract more users. Revenue is projected to slightly exceed estimates, while active users fall short. The company’s shares have experienced a notable decline this year.

SpaceX is poised to reveal its next earnings report, signaling Starlink’s profitability and its pivotal role in financing AI and space initiatives. Analysts predict notable advancements in Starlink and AI ventures for the April-June quarter. A key area of interest for investors is SpaceX’s sizable investments in AI technology, while Starship’s development is integral to…

Paytm confirms its app and UPI services are operating without any issues. The company reported its highest quarterly EBITDA in Q1 FY27. Operating revenue increased twenty-eight percent year-over-year to Rs 2,448 crore. EBITDA rose one hundred eighty-two percent year-over-year to a record Rs 203 crore. Profit after tax increased seventy-nine percent year-over-year to Rs 220…

Zepto has paused its IPO and plans to refile its draft papers after two to three quarters. The decision follows months of valuation negotiations, investor pushback and shifting market conditions. Here’s a look at the key events, from its confidential filing to the final decision, that led to the pause.

Apple reported an all-time high revenue of $ 109.4 billion for the June quarter, marking a notable surge in emerging markets, particularly in India. While iPhone and Mac sales flourished, iPad numbers took a dip. Nonetheless, the tech giant alerted stakeholders about looming challenges including rising memory chip costs and potential supply chain issues, forecasting…

Most Indian employees find AI improves their daily work experience significantly. However, only a third see AI embedded deeply within core systems. Disconnected systems cause employees to waste hours moving information weekly. Organizations can boost value by integrating AI into core business operations. Embedding AI into trusted systems will simplify work and improve decision-making.

Revenue declined as OfBusiness exited low-return commerce categories and discontinued some operations, prioritising deeper manufacturing integration, wider margins and stronger cash generation ahead of its planned IPO filing next quarter.

Taiwanese authorities have taken into custody an Nvidia employee as part of an investigation concerning the unlawful export of AI servers. These servers, which included Nvidia chips, fall under United States export restrictions established in 2022. This detention is linked to a wider investigation into the shipment of Super Micro AI servers to China, following…

The US ⁠Federal Communications Commission has approved a ​framework to move satellite services ​out of part of the C-band radio spectrum, allowing 160 megahertz of capacity to be used by telecoms ‌companies for next-generation wireless networks.

Tata Technologies expects a significant growth year due to automotive manufacturers’ increased investment. The company is securing full vehicle development projects from major global automakers. This strategic shift allows OEMs to focus on their core brand identity and DNA. Tata Technologies is well-positioned to benefit from this industry-wide outsourcing trend. The firm anticipates meeting its…

Minister for Commerce and Industry Piyush Goyal, in his post, flagged the altered video clip of his conversation with the media outside Parliament. He wrote that the video has been maliciously tampered with using AI to create a deepfake, which is being circulated on social media with the intent to spread misinformation.

Chinese chipmakers CXMT and YMTC are now dictating memory chip prices globally. These companies are securing significant deals with major Chinese tech firms. Both firms are preparing for blockbuster initial public offerings soon. They face scrutiny from the United States over military ties and market power. Expanded manufacturing capacity aims to serve both domestic and…

Rubio’s missive follows the Trump administration’s June 12 move to block foreign nationals from Anthropic’s most advanced models, Mythos and Fable, on national security grounds, prompting the AI company to abruptly suspend ​access to the models globally. Asian tech executives seized on the disruption to tout their own alternatives and European lawmakers redoubled their calls…

Studios worried about their intellectual property being misused, and actors feared becoming little more than raw material for AI systems and made it a central plank of their strike action in 2023. But a floodgate opened in early March, when Netflix bought a small, little-known company with fewer than 20 employees for a hefty $587…

France’s parliament is weighing a social media ban for under-15s, following in the footsteps of Australia and Indonesia, although enforcement authorities are facing a puzzle on how to manage age checks. Under its ban in force since December, Australia told social platforms they were not allowed to require government ID even in cases where a…

Happy Monday! Skyroot is gearing up for more frequent Vikram rocket launches. This and more in today’s ETtech Morning Dispatch.

Shanghai Xingshu Tiansuan launched its first space-computing constellation on Saturday. This project aims to deploy a total of one thousand satellites in orbit. Space-based computing processes data in orbit, reducing the need for Earth transmission. This launch moves China closer to commercial operation of its space-based computing network. Elon Musk’s SpaceX is also advancing its…

Kulmeet Bawa, managing director for India and SAARC at ServiceNow said the company’s next phase of growth lies in becoming the “AI control tower” for enterprises by orchestrating AI workflows across multiple software systems rather than competing directly with foundation model providers.

The agreements come as the industry races ‌to expand ⁠manufacturing ⁠capacity to meet the booming demand for memory chips due ​to the rapid adoption of AI tools.

Agnikul is an end-to-end space transportation company incubated at IIT Madras. It develops the Agnibaan family of configurable small-lift launch vehicles powered by the world’s first single-piece 3D-printed semi-cryogenic engine.

Delivery Hero ‌said ​the ​potential ⁠offer would be ​made to all of ​its shareholders and that ‌it would not ​comment ​on ⁠speculation regarding an offer price.

This shows India’s growing importance across Anthropic’s markets. India accounts for about 6% of global Claude usage. The AI giant opened an office in Bengaluru earlier this year and roped in former Microsoft MD Irina Ghose to head operations.

The tech firm’s data center chip, code-named “Iris,” is part of a four-generation project for Meta Training and Inference Accelerators (MTIA) that it will design in-house. The plan is to use custom-built silicon to improve the AI that powers its Facebook and Instagram social media platforms.

LTM chief executive Venu Lambu declared AI revenue separately for the first time in the earnings call, at $150 million for the quarter, in addition to announcing the completed transition to outcome-based pricing across its top 10 clients. The deal flow remained steady on a quarter-on-quarter basis at $1.68 billion, although it improved 3% year-on-year,…

“We forecast that next year ​will be the worst year in the industry’s history from the supply perspective,” Kwak Noh-jung told Reuters ​in an interview on ⁠Friday, the ‌day the South Korean memory chipmaker ​began trading ​on the Nasdaq.

Krithivasan’s comments followed the announcement of TCS’ Q1 earnings. In the first quarter of FY27, India’s largest software services firm posted a 4.6% on-year growth in net profit at Rs 13,349 crore. Revenue rose 13.9% year-on-year to Rs 72,275 crore.

The Office of the Inspector General (OIG) under the Department of Labour has uncovered widespread schemes in which employers and labour brokers submitted fraudulent applications, exploited foreign workers through coercive wage-kickback arrangements, and undercut American workers by flooding the market with below-wage labour, an official statement said.

The Cybersecurity and Infrastructure Security Agency is using Mythos to scan government code repositories for bugs that could leave the door ​open for foreign spies and cybercriminals, the sources said.

Following its board meeting held on Monday, the company said it will acquire the entire remaining shareholding of Sunrise Mentors, which operates the edtech platform Coding Ninjas, from its founders.

Founded in September 2025 by former Udaan senior executives Pradeep Yadav and Ankit Agarwal, Klydo delivered clothing, accessories, footwear, and home and gifting products within 15 to 30 minutes in Bengaluru. It competed with startups like Knot, Zilo, and Slikk.

Rapido app founders have been booked in Nagpur for allegedly running unauthorised petrol-powered bike taxi services across Maharashtra. The Regional Transport Office (RTO) filed a complaint after seizing a bike used for commercial rides without proper permits. The company is accused of violating transport rules, risking passenger safety, and causing financial losses to the government.

Amazon India is injecting over Rs 2,800 crore this year to significantly expand and upgrade its nationwide operations. This investment aims to enhance delivery speeds, improve associate well-being, and bring a wider selection closer to customers. In West Bengal, the company has already boosted its last-mile network, enabling faster deliveries and supporting local businesses.

Meta’s shift to token-based pricing signals a new phase in enterprise messaging, with businesses paying for AI usage instead of message volume.

Cigna’s Evernorth has unveiled Pharmacy Forward, an AI-driven specialty pharmacy program backed by a $100 million investment. This initiative, starting with Accredo, aims to slash prescription processing times and enhance patient care by reducing clinician documentation by up to 50%. The program is set to deliver significant value, with plans to expand its AI capabilities…

Delhivery CEO Sahil Barua said ecommerce deliveries are leading the company’s growth. This and more in today’s ETtech Top 5.

Supported by the Indian High Commission (HCI), the Indian Institutes of Technology Alumni Association – Singapore (IITAAS) on Sunday signed a Memorandum of Understanding (MOU) with the Migrant Workers’ Centre (MWC).

The AI race is heating up as tech giants like OpenAI, Google, Amazon, and Microsoft design their own chips to optimize AI operations. This strategic move aims to cut soaring deployment costs and gain control over crucial infrastructure, moving beyond just building better models. While Nvidia’s GPUs still lead in training, custom silicon is emerging…

Per the report, the White House’s Office of the National Cyber Director and the Office of Science and Technology Policy requested that the model be released first to a small set of government-approved partners rather than the general public.

EU antitrust regulators have preliminarily identified Amazon Web Services and Microsoft Azure as ‘gatekeepers’ under the Digital Markets Act. This designation aims to curb Big Tech’s influence by imposing specific rules. Both companies have voiced concerns, with Amazon highlighting the diversity of cloud services and Microsoft pointing to Google’s increasing market power.

Infosys CEO Salil Parekh led the pack among top Indian IT executives in FY26, earning Rs 82.6 crore. Tech Mahindra’s Mohit Joshi followed with Rs 67.55 crore. Wipro’s Srinivas Pallia saw a pay dip, while TCS’s K Krithivasan earned over Rs 28 crore. LTM’s Venugopal Lambu also featured prominently for his partial year’s tenure.

OpenAI has introduced Daybreak, a cybersecurity initiative focused on software vulnerability detection and remediation. The programme includes Codex Security, GPT-5.5-Cyber, Patch the Planet, and the Daybreak Cyber Partner Program. According to the company, the initiative is intended to support cybersecurity teams, open-source software maintainers and industry partners in addressing software security issues.

The electronic manufacturing services company has struggled with a slew of guidance revisions, higher working capital intensity, cash flow concerns and increased scrutiny of financial disclosures such as those that cover related party transactions.

The largest US health insurer plans to invest $3 billion in AI over 2026 and 2027. UnitedHealth executives say they’re seeing a 2-to-1 return, as AI automates cumbersome manual processes and makes workers more efficient. Executives say the technology can reduce friction for patients while lowering costs.

Flipkart Group solidifies its e-commerce dominance in India, with Myntra leading the online fashion segment, according to a Bank of America Securities report. Despite intense competition, consumer demand remains robust, defying concerns about slowing discretionary spending. The report highlights resilient growth across various internet sectors, including online travel, quick commerce, and logistics, with AI adoption…

The Bengaluru-headquartered company, which currently has 250 megawatts of capacity, is in the final stages of discussions for three data center ‌projects that ⁠would take ⁠its total capacity to more than 1 gigawatt, Deepak Chhabria, president of RMZ Infrastructure, told Reuters ​in an interview on Thursday.

The company had reported net operating income of Rs 795 crore and a profit after tax of Rs 408 crore in FY25. The rating agency attributed the increase in operating expenses in FY26 to elevated marketing spend, team expansion, and one-off non-recurring expenses.

Turtlemint has set a price band of Rs 144-152 per share for its Rs 883 crore IPO, which opens on June 19. The IPO comprises a fresh issue of Rs 660.72 crore and an offer for sale of Rs 221.94 crore at the upper band. At the upper end, the company will be valued at…

​Chinese ​Artificial Intelligence ​lab DeepSeek has closed its ‌first funding ⁠round ⁠that ​raised more than 50 ​billion yuan ($7.40 billion) ​under ⁠an unusual ‌deal structure, ​The ​Information ⁠reported on Tuesday, citing ​people with direct ​knowledge of the matter.

Alibaba is reportedly offering $1.5 billion for Chinese grocery delivery firm Pupu, initiating a bidding war to gain market share from rival Meituan. This move highlights intense competition for scarce retail assets in China’s local commerce and fresh produce sectors. The escalating bids signal a potential return to market-share competition over profitability.

One investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire ​entrepreneur to buy $10 million worth of stock in the satellite maker in 2018. A portfolio manager at a $500 billion U.S. ​fund said he had to use his relationship with a board member of the…

Cognizant Technology Solutions will be removed from the Nasdaq-100 index on June 22 after more than two decades. The reshuffle sees AI-focused firms like Astera Labs and CoreWeave added, reflecting a market shift towards AI and semiconductor companies. This change follows a significant drop in Cognizant’s stock value over the past six months.

PeopleSoft ​is an enterprise resource planning suite used by organizations to manage ​core business functions including human resources, finance and supply-chain operations.

Happy Thursday! Tap-and-pay card usage is on the rise in India despite UPI’s dominance. This and more in today’s ETtech Morning Dispatch.

​OpenAI ​is in negotiations ​to lease a proposed ‌10-gigawatt ⁠data center ⁠campus ​on federal land ​in Ohio, in a ​deal ⁠that could ‌include ​financial ​backing ⁠from Nvidia, The Information ​reported on Tuesday, ​citing two people with direct ‌knowledge of the ​discussions.

The revamp, unveiled at its annual Worldwide Developers Conference in Cupertino, California, introduces “Siri ​AI,” a more conversational assistant with a standalone app and the ability to analyze what is on a user’s screen and pull in information from the web. The update comes two years after Apple first promised major upgrades that were repeatedly…

While the new BJP regime has begun identifying land parcels in the state for greenfield investments, establishing a land bank is a more time-consuming process, they said. “Instead, the state is keen to get the Centre’s help in securing funds and anchor investments at the existing locations. Measuring about 70 acres and 58 acres, respectively,…

A significant rupee depreciation has forced Indian students studying abroad to seek top-up loans from lenders, as initial loan amounts fall short of rising tuition and living expenses. This has led to a nearly threefold increase in demand for additional funding, with students requiring Rs 1-6 lakh more.

Meta ​is ​considering raising tens of ‌billions ⁠of ⁠dollars ​in a stock ​offering as ​it ⁠seeks new ‌sources ​of ​capital ⁠to fund the ​company’s AI ​ambitions, according to a report by the Financial ‌Times.

Walmart investors on Thursday voted against a shareholder proposal asking it ​to report on how its use of AI is affecting the well-being of its workforce, according to preliminary voting results from the retailer’s annual shareholders’ meeting.