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Global Business / The Economic Times

Who truly leads the AI industry now? Anthropics $965 billion valuation and Claude Opus 4.8 launch reignite the battle for AI supremacy beyond OpenAIs early lead

Who truly leads the AI industry now? As Anthropic reaches a $965 billion valuation and launches Claude Opus 4.8, the AI race enters a new phase. Is OpenAI losing AI dominance despite its first-mover advantage, or does AI leadership now belong to the company winning in enterprise AI, advanced reasoning, coding performance, investor confidence, and large language model adoption?

29 May 2026 7:46 pm
Quote of the day by Immanuel Kant: 'May you live your life as if the maxim of your actions were to become...' - life lessons on ethics, responsibility, moral living, discipline and human values by German philosopher and Critique of Pure Reason author

Quote of the day by Immanuel Kant: Immanuel Kant's quote emphasizes universal moral principles, urging individuals to consider if their actions would be acceptable as a universal law. This philosophy stresses rational, consistent ethical behavior over personal gain, highlighting its importance for social order and trust in modern life.

29 May 2026 7:34 pm
US goods trade deficit narrows in April on strong exports

The goods trade gap narrowed 3.4% to $82.4 billion last month, the Commerce Department's Census Bureau said on Friday. Economists polled by Reuters had forecast the goods trade deficit at $86.5 billion.

29 May 2026 7:33 pm
Taylor Swift & Travis Kelce wedding: Who's really on the star-studded guest list?

Taylor Swift and Travis Kelce's wedding plans are creating buzz. Reports suggest a star-studded guest list. Famous faces from music, film, and the NFL are expected. Selena Gomez and Ed Sheeran are reportedly invited. Kansas City Chiefs coach Andy Reid is also on the list. The couple is prioritizing privacy for their big day.

29 May 2026 7:25 pm
Psychology says people who always fix everyone elses problems often secretly struggle to heal themselves: Is it about the saviour complex?

The psychology behind people who constantly try to solve everyone elses problems reveals a complicated blend of empathy, trauma responses, emotional validation, codependency and personal identity.

29 May 2026 7:05 pm
NEET paper leak: CBI, government officials apprise Par panel of steps taken to prevent leakage in June 21 retest

Top officials of the Union Education Ministry led by Higher Education Secretary Vineet Joshi, NTA Director General Abhishek Singh and officials of the National Medical Commission (NMC) including its chairman Abhijat Chandrakant Sheth also appeared before the panel.

29 May 2026 7:00 pm
What to know about the Bundibugyo virus, a species of Ebola causing an outbreak in Congo

A rare Bundibugyo virus outbreak in Congo, with over 200 deaths, lacks specific treatments or vaccines, complicating response efforts. While potentially less lethal than other Ebola strains, its high mortality rate necessitates basic public health measures. Promising vaccine and therapy candidates are undergoing clinical trials.

29 May 2026 6:56 pm
America fired 1,000 Patriot missiles but replaced only 172: Is the US missile stockpile crisis leaving Ukraine, Taiwan, and America vulnerable until 2029?

The US missile stockpile crisis is now exposing a deeper global defense weakness as America fired more than 1,000 Patriot interceptors but replaced only 172 during the Iran war. Pentagon missile reserves are shrinking fast. Patriot missile shortages are now affecting Ukraine and Taiwan at the same time. Defense experts warn some US missile defense systems may not recover before 2029.

29 May 2026 6:49 pm
RBI books 1.69 lakh crore forex gains amid record dollar sales

The Reserve Bank of India earned 1.69 lakh crore from foreign exchange transactions in FY26, up 52% from the previous year, as it sold a record $53.13 billion from forex reserves to support the rupee amid a 9.5% depreciation. RBIs total foreign income rose 27% to 3.28 lakh crore, helped by higher returns from foreign securities, while domestic income increased 26% to 1 lakh crore due to higher interest on rupee securities.

29 May 2026 6:45 pm
Quote of the day by Mary Kay Ash: A mediocre idea that generates enthusiasm will go further than a great Uplifting lesson by the Most Outstanding Woman in Business in the Twentieth Century proves passion can matter more than perfection

Quote of the day: Mary Kay Ash died in 2001, but her influence continues to reach far beyond the beauty industry. She remains a lasting symbol of resilience, leadership and female empowerment around the world. Her company created opportunities for countless individuals seeking financial independence, entrepreneurial freedom and more flexible career paths.

29 May 2026 6:39 pm
Is Savannah Guthrie done with the official investigation? Here's why she is spending $500K on private investigators for her missing mom, Nancy Guthrie

Today show anchor Savannah Guthrie has spent over $500,000 on private investigators. She is searching for her mother, Nancy, who was abducted months ago. Guthrie feels the official investigation is not enough. She has hired an independent team of experts. This team is working leads daily to find Nancy. Guthrie believes hope is the only thing driving her search.

29 May 2026 6:34 pm
Rajnath Singh releases volume on Operation Sindoor with accounts of officers, aviators, other combatants

Defence Minister Rajnath Singh has officially launched the book 'Operation Sindoor', a documented chronicle of extraordinary heroism featuring accounts from 100 dedicated participants. This pivotal operation not only marked a significant achievement but also led to an expedited ceasefire with Pakistan.

29 May 2026 6:33 pm
Quote of the day by Sylvester Stallone: 'Halloween is the only time people can become what they want to be without...' Life lessons on fun, family time and human behavior by American actor, screenwriter and director

Quote of the day by Sylvester Stallone highlights how people use Halloween to express hidden emotions and personal identity. The quote talks about fun, freedom, family time and social behavior. It also connects with modern life where people often hide their true feelings at work and in society. The quote continues to gain attention because of its meaning and relevance during Halloween celebrations and discussions about self-expression.

29 May 2026 6:31 pm
Govt mulling expansion of BSF's operational mandate: Amit Shah

Union Home Minister Amit Shah announced plans to expand the Border Security Force's (BSF) role, under which a new 'territorial security' concept will be introduced to enhance border protection. Work on securing vulnerable areas along the Pakistan border is nearing completion. The government is investing significantly in advanced technology and infrastructure to fortify India's borders.

29 May 2026 6:29 pm
$994 SSI check update: Will millions get paid on June 1 or face a surprise delay? June 2026 Social Security Schedule Explained

Millions of SSI recipients are set to receive their $994 SSI check on June 1, 2026, according to the Social Security Administration's payment calendar. Because June 1 falls on a business day, no early payment is scheduled. The June 2026 Social Security schedule also includes payments on June 3, June 10, June 17, and June 24, depending on beneficiaries eligibility and birth dates.

29 May 2026 6:17 pm
Dell stock skyrockets on AI demand: Can Dell become the next AI infrastructure giant as Wall Street rushes into Dell shares?

Dell Technologies shares jumped nearly 40% after AI server demand exploded, shocking Wall Street. The Dell stock rally came as AI server boom pushed revenue outlook to about $167 billion, far above expectations. Investors reacted to strong AI infrastructure growth, record AI orders, and rising data center demand. Dell earnings show sharp profit rise and massive backlog strength. AI stocks surge trend is widening, and Dell becomes a key winner of AI data center expansion, cloud computing demand,

29 May 2026 5:54 pm
India, US hold talks on Indo-Pacific security challenges on sidelines of Singapore summit

Defence Secretary Rajesh Kumar Singh held significant talks with US Indo-Pacific Command chief Admiral Samuel J Paparo in Singapore, focusing on bolstering military cooperation and addressing regional security challenges. These discussions, held during the Shangri-La Dialogue, underscored India and the US's shared commitment to a stable Indo-Pacific amidst growing global strategic competition. Singh also engaged with other international defence leaders.

29 May 2026 5:41 pm
The Indian club that outlasted the British may not survive Modi

The Indian government has moved to evict the historic Delhi Gymkhana Club from its 27-acre site in central Delhi, saying the land near Prime Minister Narendra Modis residence is needed for public use and security reasons. The Housing Ministry has asked the club to vacate by June 5.

29 May 2026 5:41 pm
CBSE postpones Class 12 verification and re-evaluation portal launch, check new date

The Central Board of Secondary Education has delayed its Post-Result Activities portal. This platform for answer book verification and re-evaluation will now launch on June 1, 2026. The board aims for a transparent and glitch-free process. Students can seek assistance via the CBSE Tele-Counseling Helpline or email. This revised timeline ensures efficiency and accuracy in handling post-result requests.

29 May 2026 5:39 pm
Bashir Badr Death: Ayodhya-born Urdu poet who lost everything in Meerut violence gave world the iconic Dushmani Jam Kar Karo shayari during 1972 Shimla Agreement

Renowned Urdu poet Bashir Badr, celebrated for his deeply moving verses, has passed away in Bhopal at the age of 91. His iconic couplet, Dushmani jam kar karo, resonated widely, symbolising hope and dignity. Badrs simple yet profound shayari, often reflecting love and the pain of life, continues to be cherished across generations, leaving behind an indelible literary legacy.

29 May 2026 5:35 pm
Word of the Day: Kakistocracy

Word of the Day: Kakistocracy is far more than an obscure dictionary term. It is a striking linguistic weapon, sharp, historical and emotionally loaded. Its ancient Greek origins give the word intellectual weight, while its meaning feels remarkably relevant in modern political and cultural conversations.

29 May 2026 3:44 pm
NEET-UG 2026 paper leak row: NTA tells Supreme Court it has undertaken wide-ranging security reforms

The National Testing Agency has told the Supreme Court about significant reforms after the NEET-UG 2026 exam leak. New security measures and structural changes are in place. These include enhanced CCTV checks, mock drills, and better power backup systems. The agency is also considering a shift to computer-based tests for future exams.

29 May 2026 3:44 pm
Importance of India is now: US envoy Sergio Gor highlights Pharma trust, Pax Silica partnership

US Ambassador to India Sergio Gor on Friday placed pharmaceuticals and the Pax Silica technology partnership at the centre of the growing India-US strategic relationship, saying Washington views India as a trusted partner in securing critical supply chains and shaping future technologies.

29 May 2026 3:39 pm
Retired IAS officer dies after AC blast: Delhiites can now hire private fire auditors for fire safety certificates

Delhi's fire safety clearance process is set to become faster with the introduction of a third-party fire audit system. This comes after a retired IAS officer died due to an AC blast in his South Delhi home. Approved private auditors can now issue fire safety certificates, decentralizing the process and allowing the Delhi Fire Service to focus on enforcement. A new digital monitoring system for high-risk buildings will also enhance real-time safety checks.

29 May 2026 3:35 pm
Antilia bomb scare case: SC dismisses ex-cop Pradeep Sharma's discharge plea

The Supreme Court has rejected former IPS officer Pradeep Rameshwar Sharma's plea for discharge in the Antilia bomb scare and Mansukh Hiren murder case. Sharma sought to be freed from charges linking him to Hiren's death. The court stated discharge cannot be granted at this stage. The High Court had previously dismissed Sharma's appeal against a trial court order.

29 May 2026 3:35 pm
India-Oman CEPA to strengthen energy security, trade resilience and export growth: Report

India and Oman's Comprehensive Economic Partnership Agreement begins June 1, 2026. This pact will significantly boost trade and energy security. Indian exporters will find new opportunities across various sectors. The agreement also supports India's energy diversification plans. Oman is becoming a key gateway for India's future energy and supply chains in the Gulf region.

29 May 2026 3:30 pm
Is coming back to India shameful? Man claims people expressed their sympathies to him after returning from West

An Indian man's return from abroad sparked debate, with many perceiving it as a sign of failure rather than a personal choice. Relatives and acquaintances offered sympathetic remarks, implying his overseas stint didn't work out. This highlights a societal obsession with international careers and a tendency to romanticize foreign living, often overlooking individual preferences and career decisions.

29 May 2026 3:30 pm
'Expect trade deal to be signed in next few weeks and months,' US Envoy to India Sergio Gor

US Ambassador Sergio Gor anticipates a US-India trade deal signing soon. Bilateral trade has surged, reflecting strong economic ties. The agreement aims to boost opportunities for businesses and workers in both nations. Collaboration on critical minerals and research is also expanding. This partnership holds significant potential for future growth and innovation.

29 May 2026 3:26 pm
Desi Bling star Rizwan Sajan once sold milk on Mumbai streets, now he owns a $2.5 billion empire in Dubai

Netflix's Desi Bling highlights Rizwan Sajan, the Dubai-based founder of Danube Group, who built a $2.5 billion empire from humble beginnings in Mumbai's slums. His journey from selling milk and books as a teenager to becoming a self-made billionaire is a central focus of the show, showcasing a dramatic rise from poverty to immense wealth.

29 May 2026 3:26 pm
The billionaire shakedown: How India changed its 'default' settings

India's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering trillions. While significantly boosting financial stability and economic growth, the law now faces challenges from judicial delays. Recent amendments aim to address these bottlenecks, ensuring the code's continued effectiveness in safeguarding India's economic progress.

29 May 2026 2:59 pm
Woman compares hiring to speed dating after company revokes offer letter 48 hours before joining

A job seeker, Muskan Chauhan, faced a revoked offer letter just two days before her scheduled start date. She had completed multiple interview rounds and a case study. The company cited the original employee's decision to stay. Chauhan highlighted inconsistencies in hiring processes, where candidates face strict expectations while companies can withdraw offers unexpectedly.

29 May 2026 2:55 pm
RBI to hold rates in June; majority now expect hike by year-end: Poll

The Reserve Bank of India is expected to hold its key interest rate steady in June. However, economists now foresee at least one rate hike by the end of the year. This shift is driven by concerns over elevated oil prices and a weakening rupee. Inflation remains below the RBI's target, providing little immediate pressure for action.

29 May 2026 2:44 pm
Bengal leather industry expecting raw material shortage amid strict slaughter norms

West Bengal's leather industry is facing a raw material shortage. Stricter animal slaughter regulations are impacting the supply of cow and buffalo hides. This comes after Eid al-Adha, a peak season for hide availability. Traders fear this will worsen the situation for an already stressed sector. The industry relies heavily on these hides for its export-oriented products.

29 May 2026 1:55 pm
Imported voters, fake websites: Russia's covert efforts to stop Armenia's pivot West

Russia is reportedly working to unseat Armenia's leader ahead of the June 7 election. Moscow fears his re-election will cement Armenia's shift towards the West. Plans include disinformation campaigns and transporting Russian-Armenians to influence the vote. Armenia has been moving closer to Europe and the US, a move that displeases Russia.

29 May 2026 1:48 pm
Govt to roll out social security schemes for gig workers; e-Shram integration deadline set for June 22

The Indian government is set to provide social security benefits to gig and platform workers. These benefits will include accident insurance, health coverage, and old-age protection. Platform companies must integrate their worker data with the e-Shram portal by June 22. This initiative aims to secure the welfare of a rapidly growing workforce.

29 May 2026 1:45 pm
Netflixs hiring process for $7,000 jobs: upGrad founder reveals why 97% resumes fail and one key mistake candidates make

Securing a job at tech giants like Netflix and Amazon is a tough challenge. Vishva Mohan, CEO of upGrad School of Technology, revealed that most resumes are rejected because they do not match specific job requirements. He stressed that tailoring applications to each role is crucial. Companies also face hiring hurdles like long notice periods and salary mismatches.

29 May 2026 1:41 pm