Latest Updates Around The World
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 […]
Since 2024, Anthropic’s performance optimization team has been giving applicants a test to ensure they know their stuff. But as AI coding tools have gotten better, the test has had to change a lot to stay ahead of AI-assisted cheating. Team leader Tristan Hume described the history of the challenge in a blog post on […]
AI research lab Anthropic continues to win significant business deals. The latest involves taking its big language models to an old German insurance giant. Anthropic on Friday announced a deal with Munich-based, Germany-based global insurance conglomerate Allianz to bring “responsible AI” to the insurance industry. The parties declined to share the financial terms of the […]
A group of writers, including Theranos whistleblower and ‘Bad Blood’ author John Carreyrou, are filing a lawsuit against Anthropic, Google, OpenAI, Meta, xAI and Perplexity, accusing the companies of training their models on pirated copies of their books. If this sounds familiar, that’s because another group of authors has already filed a class action lawsuit […]
If Amazon Web Services’ annual re:Invent technology conference proves anything, it’s that the cloud infrastructure player is going all-in on AI. AWS has made dozens of announcements, from new AI agents and updated large language models to products with LLM and agent-building capabilities. Enterprise AI was everywhere. But are the customers just as enthusiastic? AWS […]
Topline Google is investing $40 billion in building three data centers in Texas several socketswith a rush of competing companies in the artificial intelligence sector building their own AI infrastructure in the Lone Star State. Pichai announced the project on Friday. Photo: Christoph Soeder/dpa (Photo by Christoph Soeder/picture Alliance via Getty Images) dpa/picture alliance via […]
