Latest Updates Around The World
The recent partnership between Infosys and US-based AI startup Anthropic has created buzz on the streets, but industry experts are urging investors to separate hype from long-term fundamentals.Speaking to ET Now, Sumit Pokharna of Kotak Securities described the partnership as “a step in the right direction” and “the need of the hour.” He explained: “The […]
The Pentagon is pushing AI companies to allow the US military to use their technology for “all lawful purposes,” but Anthropic is pushing back, according to a new report in Axios. The government is reportedly making the same requirement for OpenAI, Google and xAI. An anonymous Trump administration official told Axios that one of those […]
Anthropic is in the final stages of raising $20 billion in new capital at a valuation of $350 billion, according to Bloomberg reportswith investor demand leading to the company raising twice as much funding as it wanted to obtain. The company raised $13 billion in equity financing just five months agobut intense competition between border […]
The Super Bowl takes place this Sunday in Silicon Valley, and the Patriots-Seahawks game at Levi’s Stadium will be chock-full of tech money. YouTube CEO Neal Mohan is expected to attend. Tim Cook from Apple too. (He’s become a Super Bowl fixture since Apple Music began sponsoring the halftime show several years ago.) Longtime VC […]
Wall Street’s ‘Software Mageddon’ has had a snowball effect. Now investors are debating whether it’s time to warm up to beaten-down stocks.The fallout for the software industry, which includes a handful of signature stocks from the recent bull market, reflects growing concerns about the potential disruption caused by artificial intelligence as investors increasingly divide the […]
US software stocks extended their decline on Wednesday, driven by fears of disruption caused by artificial intelligence, with some analysts warning of more volatility as investors assess whether the challenge is existential for the sector. The sell-off was triggered by a new legal tool from Anthropic, which showed that the AI industry is increasingly exerting […]
The S&P 500 struggled to provide direction while the Dow edged higher Wednesday as strong results from Eli Lilly and Super Micro Computer provided some support to the market struggling with a sell-off in software and cloud.The software and services index, home to several leading cloud and software companies, fell for the sixth consecutive year, […]
The Nifty IT index fell nearly 6%, its steepest single-day decline in six years. Markets closed marginally higher on Wednesday after a sharp sell-off in information technology stocks, triggered by fears that artificial intelligence would disrupt traditional software business models, wiped out gains in the oil and gas and consumer-facing sectors, with the BSE Sensex […]
Shares of legal software companies and other data services companies plunged Tuesday after Anthropic released a new AI automation tool that investors worry could swallow up much of their core business.RELX Plc and Wolters Kluwer NV, both providers of professional analytics, fell more than 10%. Other software companies fell, with credit reporting company Experian Plc […]
OpenAI, already a company valued at $500 billionhas announced that he is on the hunt another $100 billion of investments. Such a funding round could result in the company’s valuation skyrocketing to a whopping $830 billion. The Wall Street Journal is here now reporting that Amazon can contribute at least $50 billion of that record-breaking […]
