Tech giants AI investment to exceed $1 trillion in 2027, says UBS
The investment surge is boosting US economic growth, but questions remain over productivity gains, job displacement and companies ability to generate returns.
Elon Musk says he backs SpaceX-Tesla merger as rocket firm turns profit
Elon Musks remarks came after SpaceX posted net income of $4.4 billion for the July-September period, compared with a loss of $1.1 billion a year earlier
OpenAI says its AI agents weakened internal monitoring system
The disclosure highlights even the systems developers rely on to catch AI misbehavior are vulnerable to the agents they monitor
Single transistor design combines memory and signal processing for brain-inspired computing
As artificial intelligence moves increasingly toward edge devices, researchers are exploring electronic components that can combine memory and information processing. Memristive and synaptic devices are of particular interest because their electrical conductance can retain information about previous inputs, providing a physical basis for brain-inspired computing.
Indian companies struggle to staff cybersecurity teams even as AI agents go rogue
Fewer than a third of monthly cybersecurity openings are filled, even as companies step up hiring amid rising AI-driven risks
We want to be a global technology provider, moving beyond equipment vendor role: Akash Ambani
Ambani outlines Jios growth strategy post-IPO and its plans across the telecom and satcom space
CloudPhotonix targets revenue of 100 crore by FY28
The Indian photonics market is expected to grow fourfold to around $10 billion by 2031
Google Cloud outage takes down C and other banks in UK
Alphabet Inc.s Google said its London-region services are experiencing issues on its status page, with no further details on the cause
Qualcomm to cut jobs worldwide in performance-focused layoffs
The cuts are part of an effort to build a stronger performance culture and address situations where the company has consistently fallen short of expectations, CEO Cristiano Amon said.
Cognizant expands partnership with Google Cloud for new Gemini frontier workforce
Gemini Frontier Capability Group brings together a dedicated global workforce that pairs Googles AI platform with Cognizants domain, industry and engineering expertise as an AI Builder
Netflix faces mounting challenges in keeping users engaged
Layoffs and leadership changes have not yielded the levels of user engagement and growth that the streaming giant was seeking
EXCLUSIVE-ByteDance, Alibaba, Tencent place over $35 billion worth of Nvidia chip orders
ByteDance, Alibaba and Tencent have ordered more than 3 million of
Cognizant, Google Cloud expand partnership to drive agentic AI adoption
Cognizant is also applying Gemini internally, at scale
After US DeepSeek order, China says it will protect firms
China said on Tuesday it will resolutely safeguard the legitimate rights and interests of its firms after the US Homeland Security Department instructed US civilian agencies to remove DeepSeek products and third-party services using the Chinese AI model from their IT sy
Microsoft warns AI agents could pose internal security risks without hacker attacks
As businesses deploy autonomous systems to automate operations, Microsoft says organisations must rethink security to address risks posed by AI agents.
OpenAI seeks $30 billion funding at $1.4 trillion valuation ahead of Anthropic IPO
The ChatGPT maker is seeking fresh capital from existing backers and institutional investors as competition for AI funding intensifies ahead of a potential listing
When LLMs are trained on frivolous online content, they can get brain rot like humans do
As humans and AI models roam the internet, they encounter lots of junk: clickbait headlines, misinformation, hashtags. Research by Dr. Zhengzhong Tu and his colleagues indicates that this junk-filled environment could be a cause for concern.
Centre asks Meta to ensure its algorithm does expose users to a limited set of narratives
IT Ministry sources said the ministry had reports from agencies that Meta platforms were not promoting all narratives equally, with their algorithms appearing to favour one kind of content over others
Q2 Results Today, 19th October 2026 Live Updates: Stay tuned to businessline for more
Anthropic commits 5% of its stock to new 'public benefit' fund ahead of IPO
Anthropic said it is committing 5 per cent of its shares to a new public benefit fund, with the fund's worth potentially increasing as its shares grow in value. The shares will go to the Anthropic Public Benefit Fund, a new entity within the company, it said on Sunday. The fund will have increased flexibility and scale, enabling us to pursue our mission in new ways: for example, we might explore large donations to traditional nonprofits or direct distributions to specific populations, Anthropic said in a blog post. It gave labour market impacts as an example, saying that while it has already committed USD 200 million to study the effects of artificial intelligence, given the pace of AI progress, bolder approaches may be needed. CEO Dario Amodei and the company's five other co-founders established Anthropic as a public benefit corporation, a designation that for-profit companies select to balance financial goals and social impact. They have also pledged that they will donate 8
Infosys Q2 revenue growth likely to remain modest; analysts see guidance cut
According to a poll of brokerages, revenue for Q2FY27 is expected to range between 49,090 crore and 49,323 crore
Bharti Airtel launches voice-only prepaid plans starting at 185 after TRAI's mandate
The launch follows TRAIs direction that operators expand their voice-and-SMS-only options with a corresponding reduction in tariffs
RCom Resolution Professional files curative petition against SCs spectrum insolvency ruling
The petition seeks to challenge a February 13 ruling by a bench of the SC, which held that spectrum allocated to telecom operators, cannot be subjected to IBC proceedings
Kerala HC seeks Centre stand on plea challenging blocking of BitChat messaging app
Bitchat, by GitHub, is an open-source messaging app that works over Bluetooth, with no internet needed
AdaniConneX to use air cooling at Vizag data centres to reduce freshwater use
The facilities will have dedicated industrial water connections.
According to IMFs October 2026 Regional Economic Outlook: Asia and Pacific, AI is already influencing labour demand across the region
Can social media bans protect young peoples mental health? Research suggests bans arent the answer
Australia was one of the first with a ban on kids under 16 on social media starting in December 2025, followed soon after by the UK with a similar prohibition
Meta denies accusation of anti-Lula political bias in Brazil after electoral court ruling
Tech giant Meta has denied accusations it has acted with political bias during Brazils presidential campaign
OpenAI poaches another SpaceX sales lead focused on AI
Seamans is the latest sales executive who OpenAI has hired from SpaceXs AI units
Safe landing a revamped Tesla Roadster | Explained
The revamped Tesla Roadster showcased the ability to drive up vertical walls and fly briefly with cold-gas thrusters, indicating how Elon Musks Tesla and SpaceX companies are converging. But the concept is far from reaching customers
Apple says iPhone Duo demand extraordinary after delivery delays
Many customers who opened Apples online store Friday morning saw shipping delays pushed from November to December, then to the end of January
Fired researchers accuse OpenAI of 'chilling' safety efforts
I believe we were fired for prioritizing safety over the near-term interests of OpenAI as a corporation, one of the fired staffers, Mikita Balesni, wrote on X
Anthropic offers Blackstone double-digit yield in chip-financing deal, FT reports
Anthropic is offering Blackstone a yield of more than 10% to finance its latest chip deal, the Financial Times reported on Friday. Blackstone funds would invest $9 billion in the debt backed by Anthropic's five-year lease payments on the chips, the report said,
Why CoreWeave is in the crosshairs of the AI scare
Rising borrowing costs, heavy infrastructure spending and delays to data centre projects are testing investor confidence in debt-funded AI businesses
Starlink says it is ready to offer high-speed internet in India, cites government approvals
Starlink, Reliance and Bharti Airtels OneWeb are at the centre of a growing dispute over competition and regulatory approvals in Indias satellite internet market
Microsoft president warns Trumps H-1B crackdown could push top AI talent abroad
Brad Smith defended Microsofts immigration practices, citing lengthy green card backlogs, consistent employee compensation and the companys recruitment of American workers
ChatGPT usage doubles in India over past year; OpenAI expands Hindi voice capabilities
OpenAI is rolling out GPT-Live-1.1, an upgrade to its voice technology, with improved pronunciation, better handling of multilingual and mixed-language speech,
Know your AI agents first, experts tell organisations
CERT-In flags Agent intrusions; says old vulnerabilities exploited
The new scheme also extends incentives to semiconductor equipment, materials, chemicals, gases, testing and R&D infrastructure, in addition to setting up fabs, OSAT and packaging units
The incidents came to light following an internal review by the AI model provider
Traditional IT growth to taper as AI takes centre stage: TCS CEO
AI revenue crosses $3 billion as TCS bets on new services to sustain growth
Meta releases open-weight Muse Spark model for coding, agentic tasks
816-billion-parameter model expands developer access as company continues push for open AI systems
Amazon launches two new portable AI listening devices
The devices record information throughout the day to offer calendar reminders and other AI-driven insights under the Bee brand it acquired last year
Google warns suspected China-linked hackers could exploit BeyondTrust flaw
Suspected China-linked group Armory Castle exploited the flaw in August, prompting calls for swift patching
Wipro stock up 4% after Q2 revenue beat offsets concerns over weak deal wins
The stock was trading at 180.76, its highest since September 1, and was set for its fourth straight session of gains.
Investors temper Anthropic IPO valuation expectations over revenue growth slowdown, sources say
Anthropic told potential IPO investors that Q3 revenue rose 45% to $16.8B from Q2 and that it was adjusted-profit profitable for the quarter
Explainer: Why CoreWeave's troubles are rattling the AI boom
Q2 Results Today, 16th October 2026 Live Updates: Stay tuned to get real-time market, business and financial news updates
Reliance says it welcomes satellite competition, including Musk's Starlink
Reliance Industries welcomed satellite broadband competition, including Starlink, in India, signaling a clearer stance amid Musks push to operate there
DoT readies Cabinet note on Satcom spectrum charges; approval may come in coming days
Domestic companies would be encouraged to participate in the sector rather than India depending solely on foreign players
Elon Musk accuses Ambani supporters of hypocrisy over Starlinks India entry
The dispute highlights growing tensions over satellite broadband competition, consumer choice and the regulatory framework governing services in the Indian market
US states sue AI giant OpenAI, saying its popular chatbot is hurting children and deceiving adults
The lawsuits claim ChatGPT is giving dangerous medical advice, fueling paranoia and encouraging self-harm or harm to others
To Vances foreign indentured servants jibe, MEA retorts by pointing out that the history of the US itself has been shaped by generations of immigrants
Starlink being blocked by certain oligarchs in India, a crime against people: Elon Musk
Company says it has built the ground infrastructure but crucial last mile to connect users remains uncovered
A flash of light opens a new route to efficient, lightweight semiconductors
Researchers have developed two new organic semiconductor materials using a light-driven chemical reaction. The paper is published in Chemistry
Looking at the industry at large, Banerjee stressed focus on IP building and talent discovery as clear priorities across television, digital, gaming, animation
Tech Mahindra reports consolidated net profit of 1,586 crore in Q2 FY27
Revenue rose to 16,180 crore from 13,995 crore in the year-ago quarter, while constant currency growth stood at 7.2%, indicating underlying business growth after excluding the impact of exchange-rate fluctuations
Elon Musk to rename SpaceX AI arm SpaceXSI after Trump order replacing AI with SI
The move follows Trump's executive order titled Inaugurating the Era of Super Intelligence, which directs departments and agencies across the US executive branch to use the terms Super Intelligence and SI in official correspondence
Wipro Q2 profit falls 4.7% sequentially; large-deal bookings plunge 59%
The IT services majors outlook for the December quarter remains subdued, with revenue expected to decline by up to 1.5% or grow by a maximum of 0.5 per cent in constant currency (cc) terms
Jio IPO to monetise tech stack abroad instead of selling hardware, software licences, says Ambani
Jio expects growth to be driven by its mobility, enterprise, home broadband, and digital services businesses
AI-driven recruitment goes mainstream, expands into non-tech roles
Manufacturing, retail, e-commerce and financial services are now being influenced by AI, especially for high-volume repetitive roles
What might turning off the algorithm look like? Chinese social media provides some hints
The Albanese government has introduced its digital duty of care legislation to parliament today. The bill includes an
Shamrock AI raises $5 million in seed funding led by Endiya Partners
The Shillong-headquartered company serves Fortune 500 customers and is developing tools to help AI agents operate reliably across critical business processes.
Kozhikode set to emerge as Keralams next major IT destination
Keralam Chief Minister V D Satheesan lays foundation stone for 600-crore HiLITE Cyber Tower at Cyberpark, Kozhikode
Tech Mahindra Q2 results: Net profit jumps 32.7% to 1,586 crore, revenue rises 15.6%
The Pune-based IT services company reported stronger quarterly earnings and sustained deal momentum, with contract wins exceeding $1 billion for four consecutive quarters.
Jio expects industry-wide additions of 340 million 4G and 5G customers between FY26 and FY31, creating opportunities for higher average revenue per user (ARPU), a key measure of telecom operators' revenue-generating capacity.
OpenAI safety employee quits, calls for nuclear-level safeguards
David Robinson, formerly leading OpenAIs safety transparency efforts, wrote in The Atlantic that ChatGPT maker has thrived by trial and error
CapitaLand India Trust unveils its first data centre in Chennai
The data centre has a total planned investment of approximately 1,940 crore.
Tata Communications posts 86% jump in Q2 profit, shares surge 6.8% on record EBITDA
Consolidated revenue from operations grew 9.6% year-on-year to 6,687.89 crore, with data revenue rising 12.2% to 5,810.99 crore
RRP Electronics inaugurates AWLP facility
With the addition of advanced wafer-level packaging, the company says it is now expanding its portfolio to address increasingly complex semiconductor and electronics applications
Reliances Jio pitches itself as tech company, plans to sell network stack abroad
Ahead of its IPO, Jio Platforms is highlighting its proprietary 5G technology, network software and AI-based automation as potential growth drivers in overseas markets.
Arkansas sues OpenAI, alleging it misled users about ChatGPT safety
Arkansas Attorney General Tim Griffin has sued OpenAI, saying the company told users ChatGPT was safe while it knew of serious risks. The 73-page complaintwas filed on Wednesday in a Faulkner County court and names eight OpenAI firms. The state says ChatGPT has encouraged suicide and self-harm, fed delusions, given bad medical advice and helped [] This story continues at The Next Web
EU says it is in talks with Google over changes after
The European Commission is in talks with Google about the steps the company may take following the EUs 890M (about $1bn) fine in July. The Commission confirmed the talks on Wednesday to Reuters. The fines were issued under the Digital Markets Act (DMA), the EU law that sets rules for the largest online platforms. In [] This story continues at The Next Web
Norrsken and Nvidia to open Stockholm AI Lab for founders in 2027
Norrsken Foundation and Nvidia will open a hub for AI startups in central Stockholm in 2027. The Stockholm AI Lab will host a select group of European founders who use AI to address problems in climate, health, food and society, and it will also be home to Nvidias Stockholm office. The lab will sit in [] This story continues at The Next Web
OpenAI says ex-employee took device files before returning to Apple
OpenAI says a former employee who went back to Apple sent more than 100 secret files about an unreleased OpenAI product to personal accounts, according to a court filing made on Wednesday in San Jose, California, According to the filing, the unnamed employee joined OpenAI from Apple and stayed for six months. Some of the [] This story continues at The Next Web
Anthropic results may aid IPO but not AI trade, analysts say
Market players say Anthropics numbers may not be enough to revive investor interest in the broader trade
YouTube to label AI-Generated songs across its platforms to increase transparency
The markers will apply to songs on YouTube, through its own detection tools and those made by its music partners
OpenAI flags AI adoption gap in Europe despite 8-fold surge in agent use among small businesses
OpenAI has highlighted a widening opportunity for European businesses to turn growing artificial intelligence (AI) adoption into higher productivity, as AI agents now account for more than half of the output generated through its enterprise and business platforms in the European Union (EU). In its latest report, OpenAI said businesses need to move beyond experimenting with AI and use tools that can carry out tasks from planning to completion. The report identified improving access to advanced AI capabilities, along with building workers' skills and confidence, as key steps towards achieving greater economic benefits.
Q2 Results Today, 15th October 2026 Live Updates: Stay tuned to get real-time market, business and financial news updates
OpenAI hands its data centre and compute operation to a former xAI executive
OpenAI has put its compute and infrastructure businesses under Uday Ruddarraju, who ran infrastructure at Elon Musks xAI until July 2025. Sachin Katti, who had been overseeing infrastructure and led the $30B Georgia build, leaves the role within weeks and stays on as an adviser. OpenAI has put compute and infrastructure under one executive. Uday [] This story continues at The Next Web
Ultrafast oxide-ion conductors offer route to low-temperature fuel cells
Solid-oxide fuel cells (SOFCs), which convert chemical energy directly into electrical power, are promising energy-conversion technologies because they can operate on various fuels, including hydrogen, natural gas and biogas.
Modal raises $750M at $15.75bn valuation as run rate tops $1bn
Modal, a cloud company that runs AI models and code for developers, announced on Wednesday that it has raised $750 million in a Series D round at a $15.75 billion valuation. Accel led the round, and Kleiner Perkins joined. All of Modals existing investors also took part, including Menlo Ventures, General Catalyst, Redpoint, Lux Capital, [] This story continues at The Next Web
Netflix Is Laying Off 6% of Its Workforce, in Biggest Round of Job Cuts at Streaming Giant in Years
Still, Netflixs forecast for the third quarter fell below Wall Street's expectations. The company plans to report those earnings next week.
Salience Labs raises $125M for optical AI switches, then expands in California
Salience Labs has raised an oversubscribed $125M Series B led by Bullhound Capital, with AMD Ventures, Intel Capital and the British Business Bank taking part. The Oxfordshire company will use it to scale manufacturing and open a second West Coast office. An Oxfordshire photonics company has raised $125M to build optical switches for AI data [] This story continues at The Next Web
Kyndryl will run AI agents inside Toyota Finance
Kyndryl and Toyota Systems will apply Kyndryls agentic AI framework to Toyota Finances IT change management, infrastructure design and impact analysis, in its production environment. No contract value, timeline or measured result has been disclosed. Kyndryl and Toyota Systems will run AI agents inside Toyota Finances IT operations. No contract value, timeline or measured result [] This story continues at The Next Web
Accenture, Workday join hands to help businesses deploy AI agents faster
The collaboration will combine engineering expertise and enterprise AI capabilities, with insights from real-world deployments feeding into future product development
Use-case-based regulation is the right approach for AI: Sriram Raghavan, IBM Software GM
Sriram Raghavan, General Manager, IBM Software, India and Software Innovation Lab pushes case-to-case regulatory framework for AI and AI agents is the most effective method
Humanly acquires CareerArc, adding recruitment marketing to its AI hiring tools
Humanly has acquired recruitment marketing company CareerArc, its fifth acquisition since 2025, with no price disclosed. The AI hiring tools it is consolidating fall into the EU AI Acts high-risk employment category, whose duties were delayed to December 2027. Humanly has bought CareerArc, its fifth acquisition in two years. No price was disclosed, and the [] This story continues at The Next Web
America has passed 80,000 public fast-charging ports for the first time
The US passed 80,000 public fast-charging ports for the first time, adding 4,106 in the third quarter, a 12% drop on a year earlier. The EU counted 212,439 public DC points in April and added nearly 18,000 of them in four months. America has passed 80,000 public fast-charging ports for the first time, after adding [] This story continues at The Next Web
