AI MODELS BLOCKED
America's shutdown of Anthropic's AI models is not a surprise. And India has seen it coming for 30 years
The US government's export control order on Anthropic's advanced AI models, blocking non-American nationals, highlights a long-standing Indian pattern of adopting foreign technology without developing indigenous alternatives. This "kill switch" event underscores the vulnerability of nations dependent on foreign tech infrastructure, urging India to prioritize strategic autonomy and build its own AI capabilities.
Amazon CEO raised concerns about Anthropic AI models before Trump crackdown: Report
Jassy's involvement sheds light on the extraordinary move by Anthropic on Friday to shut down its latest models globally in response to national security orders from the Trump administration.
Amazon voiced concerns about Anthropic AI models before US crackdown, source says
The US government ordered AI firm Anthropic to halt its advanced AI models worldwide. This action followed concerns about potential misuse for cybersecurity vulnerabilities. Amazon CEO Andy Jassy reportedly raised security risks to Trump administration officials. Anthropic stated the government cited a method to bypass safeguards. The company complied with the national security order, disabling access globally.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 26%
On Thursday evening, US President Trump said he would “hit Iran hard tonight”. Then, as the world waited with bated breath, came the announcement that the strike had been postponed. While markets followed a familiar pattern, there was a difference in how the crude oil market reacted. And that is where a clue about what could happen might be. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
'Wake Up Now': Sridhar Vembu says Indians should drop globalization illusions after US restricts access to Fable 5, Mythos 5 AI models
Zoho founder Sridhar Vembu highlights restrictions on advanced AI models for users outside the US. He stresses the need for India to develop its own technologies. Vembu urges adoption of smaller, Indian-developed, and open-source AI models. He believes this approach is crucial for national security and economic sovereignty. Support for this view comes from RBI director Gurumurthy, who recalls Dr.
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A 2026 World Cup tech makeover is turning every player into a digital twin, with 16 cameras, a 13-gram smart ball, and millimeter-level scans that could settle the sport’s tightest calls
The World Cup introduces a revolutionary AI offside system. Players are now 3D scanned, and a smart ball tracks every touch. This technology will deliver quicker, more precise decisions, reducing game delays. Fans will see lifelike 3D replays explaining complex calls. This innovation marks a significant advancement in football officiating.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 27%, according to analysts
We are in a phase in the US-Israel-Iran war where statements are made, then retracted. And, in a matter of just 48 hours, they are made all over again. Such back and forth will likely only continue in the near future. The worry is that this conflict in the Gulf will not be resolved soon and, much like the Russia-Ukraine war, will just continue without a clear outcome for either side.
Block deal: Goldman Sachs picks stake in this smallcap stock that surged 50% in 6 months
GNG Electronics witnessed a Rs 175 crore block deal as promoter Vidhi Khandelwal sold shares to domestic mutual funds and foreign investors. Institutional interest comes amid optimism over the company’s leadership in the refurbished electronics market and strong growth prospects.
AI risks are here, time for tough rules: Anthropic CEO Dario Amodei
As artificial intelligence grows more powerful, governments must move beyond transparency measures and introduce stronger regulations to address emerging risks, according to Anthropic CEO Dario Amodei.
Anthropic urges US not to block state AI laws without setting federal standards
US President Donald Trump has urged Congress to enact legislation that would supersede state rules on AI. Anthropic on Wednesday weighed in on that topic, adding that Congress should require AI companies to put their most powerful models through independent safety tests, according to a company statement.
OpenAI joins rival Anthropic in race to Wall Street
OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because there are things we want to do that are likely easier as a private company," it said in a statement. Reuters had reported that the AI giant is targeting a valuation of up to $1 trillion in a stock market debut that could come as early as September.
OpenAI files for US IPO after Anthropic as AI giants head to public markets
AI giant OpenAI has confidentially filed for a US initial public offering. This move follows rival Anthropic's similar filing. Investors are keenly watching these developments for exposure to the booming artificial intelligence sector. OpenAI aims for a significant valuation, potentially setting a new benchmark for tech IPOs. The company is navigating its transition from a nonprofit structure.
TCS renews 1.5 million sq ft Chennai office lease in Rs 1,420-cr rental deal
Tata Consultancy Services (TCS) has renewed its lease for nearly 15 lakh sq ft of office space in Chennai for 10 years, committing approximately Rs 1,420 crore. This significant renewal underscores TCS's long-term commitment to Chennai as a key delivery hub, despite ongoing discussions about AI's impact on tech employment.
Meta AI chief sees opportunity in models’ giving health advice
The 29-year-old founder of data-labeling startup Scale AI joined Meta after Chief Executive Officer Mark Zuckerberg overhauled his company’s AI efforts, including through a $14 billion investment in Scale that was widely viewed as a bid to recruit Wang.
Kuku FM readies public market debut; SoftBank books Lenskart gains
Kuku FM's parent has taken the first step towards a stock market listing. This and more in today's ETtech Top 5.
Telcos urge TRAI to regulate OTT apps as spam shifts online
Telecom firms report most spam now bypasses regulations via internet apps. They urge the regulator to bring these platforms under control. OTT providers counter that their oversight falls under a different ministry. Discussions are ongoing regarding new rules for spam calls and messages. Telecom operators are divided on proposed charges for robocalls.
PM Modi’s high stakes push for sovereign AI faces reality check
India is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation faces significant challenges including underinvestment in computing power and a late start in advanced AI model development. This ambition is crucial for technological independence as global powers leverage AI for geopolitical advantage.
Trump signs AI order giving government access to powerful models
US President Donald Trump on Tuesday signed an executive order creating a voluntary framework under which AI developers will share advanced models with the government before public release. "Voluntary frameworks are not enough, however" and the government must be empowered "to block the release of systems that pose an unacceptable national security risk," he added. arp/bl-sst/sla
Arm Holdings CEO says US would have difficulty banning AI CPU chip exports to China
Arm Holdings CEO Rene Haas said on Tuesday that it would be difficult to block the export of CPUs to China that are useful for AI because of their widespread use and as it would be difficult to only block AI CPUs.
Palo Alto Networks warns AI-powered cyberattacks could overwhelm enterprises within months: Meerah Rajavel
Palo Alto Networks warns that advanced AI-powered cyberattacks could become widely accessible within months, significantly lowering the barrier for sophisticated attacks. The company's CIO highlights AI's ability to identify and chain vulnerabilities at scale, urging enterprises to rapidly assess infrastructure and adopt AI-assisted security measures to combat this evolving threat.
OpenAI Foundation commits $250 million to help workers, economies navigate AI disruption
The OpenAI Foundation is dedicating $250 million to address AI's impact on jobs and economies. This funding will support research, aid displaced workers, and explore broader economic benefit distribution. The foundation aims to proactively manage AI's rapid evolution. Initiatives will be announced later this year, with the foundation directly running some programs.
Why Indian investors are looking at space economy ETFs ahead of SpaceX IPO: Subho Moulik of Appreciate decodes
Indian investors are eyeing the global space economy ahead of the SpaceX IPO. With no pure-play listed space companies in India, global ETFs offer a route to invest. Investors can also participate directly in SpaceX through the Liberalised Remittance Scheme. Experts advise separating listing excitement from investment discipline. Long-term holding is recommended for tax benefits.
ETtech Explainer: Everything to know about Meta’s Forum and Instants apps
Forum is Facebook Groups reimagined as a Reddit-style discussion platform with AI-powered search and recommendations, while Instants turns Instagram into a more spontaneous, Snapchat and BeReal-like space for ephemeral photo sharing.
Google blocked the first known AI-powered attack on 2FA accounts; here is how hackers tried to break in, know how to stay safe
Foreign hackers attempted a novel AI-powered cyberattack targeting two-factor authentication using a zero-day exploit. Google's Threat Intelligence Group detected and thwarted this sophisticated plot, which aimed for mass exploitation. The AI-generated exploit exploited a logic flaw in a server administration tool, highlighting a new frontier in cyber threats. Consumers are urged to update software and use stronger authentication methods.
Udaan’s pre-IPO top-up; Tata’s Assam chip hub test run
Happy Monday! Udaan is in talks to raise fresh funds amid IPO talks. This and more in today's ETtech Morning Dispatch.
Bihar to roll out AI policy soon: CM Samrat Choudhary
Bihar is set to become a major AI hub. The government will soon launch an AI policy to transform governance and development. AI will enhance transparency in welfare schemes and speed up complaint resolution. The state aims for technological advancement and economic prosperity.
Intuit to cut 17% of global jobs to streamline operations, memo shows
Intuit is cutting around 3,000 jobs globally. This move aims to simplify operations and boost focus on key areas, especially artificial intelligence. The company is integrating AI models from startups like Anthropic and OpenAI. This follows a trend of tech companies reducing staff this year. Employees in the US will see their last day on July 31.
Coded compliance: Centre is eyeing 'law-to-code' to AI-proof data law
Law-to-code is the practice of translating legal rules into machine-executable algorithms such as a Python code that software can automatically process and enforce without human intervention.
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