TECH NEWS
What do we know about Anthropic's Mythos amid rising concerns?
Anthropic unveiled Mythos, a powerful AI for cybersecurity. This advanced model can find thousands of software flaws. Concerns are rising that it could speed up cyberattacks. Governments and banks are discussing potential risks. The US plans to make a version available to federal agencies. Authorities in Britain and Europe are also assessing the impact.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 33%
To get clarity on the markets, there are three questions to which you need answers. First: When will the war end? Second: How long will it take to rebuild destroyed infrastructure? Third: How will the post-war geopolitical situation pan out? Now, the answers to all three are up in the air. So, expect a phase of uncertainty. 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.
GIFT Nifty up 60 points; here's the trading setup for today's session
Indian equities are poised for consolidation at higher levels after a significant 10% rally. Investors are closely watching the US-Iran peace talks, with a ceasefire deadline approaching. The Nifty closed positively, gaining 1.3% for the week, while the India VIX saw a notable decline.
North Korea again tests cluster munitions in a launch observed by Kim Jong Un and his daughter Ju Ae
North Korea conducted its second ballistic missile test this month, featuring cluster bomb warheads, likely to enhance its ability to penetrate U.S. and South Korean defenses. Leader Kim Jong Un oversaw the launch of upgraded Hwasong-11 Ra missiles, expressing satisfaction with their high-density striking capability.
JD Vance will lead US team to Iran talks in Pakistan: White House
US Vice President JD Vance will lead American delegates for talks with Iran in Pakistan. This comes after President Donald Trump stated he would not attend. The meetings aim to end the Middle East conflict before a ceasefire expires. Tensions are high as Iran allegedly violated the ceasefire. The US has threatened severe retaliation if a deal is not reached.
Thousands of authors seek share of Anthropic copyright settlement
Nearly 120,000 authors and other copyright holders are seeking a share of a $1.5 billion class-action settlement with Anthropic over the company's unauthorised use of their books in artificial-intelligence training, according to a filing in California federal court.
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Anthropic's Mike Krieger steps down from Figma's board
Anthropic's Chief Product Officer, Mike Krieger, has stepped down from Figma's board. This move coincides with Anthropic's reported entry into web design, potentially competing with Figma's core products. Krieger's departure was confirmed in a filing, stating it was not due to any disagreements with Figma.
Trump administration attempts to deport Iranian media commentator Yousof Azizi
The Trump administration is attempting to deport Iranian academic Yousof Azizi, alleging he lied on his visa application. Azizi, a commentator on Iran and U.S.-Iran relations, has appeared on Sky News and BBC Persian. A Muslim advocacy group criticizes his detention as a crackdown on Iranian voices amid the Iran war.
GIFT Nifty hints at positive start; here's trading setup for the day
Indian equities closed lower amid weekly expiry volatility, with support seen at 23,450-23,100 and resistance at 24,400. Global markets showed mixed signals, with US stocks inching higher on ceasefire hopes. The Indian rupee strengthened, while Brent crude prices dipped.
US stock market rally today: Why Dow Jones, S&P 500, and Nasdaq are suddenly rising amid ceasefire hopes and strong earnings — Is this bull run just getting started?
US stock market rally today is gaining strength as the S&P 500 crosses 7,000, the Nasdaq tops 24,000, and the Dow Jones rises steadily. Markets react fast to fresh signals. A reported Israel–Lebanon ceasefire and easing US-Iran tensions lift investor confidence. Risk appetite returns quickly. Strong earnings from major companies add fuel. Jobless claims fall to 207,000, showing economic resilience. Tech stocks lead the surge again. Momentum builds across sectors. This US stock market rally today reflects lower geopolitical risk, stable growth outlook, and strong corporate performance, pushing equities toward record highs with sustained bullish sentiment.
Rockwell expands its India workforce to 4,000
About a decade ago, the industrial automation and digital transformation company had around 700 employees in India.
Why are US stock market futures up today, and will Dow Jones, S&P 500 and Nasdaq stay in green or turn red again? Wall Street prediction, US stocks to watch, analysts insights, market outlook and what should investors do now
Why are US stock market futures up today, and will Dow Jones, S&P 500 and Nasdaq stay in green or turn red again? Futures rise as investors track Middle East diplomacy and earnings season. Analysts say sentiment improved after strong bank results and ceasefire talks. Markets remain sensitive to geopolitical news and company earnings. Traders now watch key results and global developments.
Snap layoff was the 'best thing that has ever happened to me', said ex-employee who lost job 3 years ago. What is he doing now?
Snapchat's parent company, Snap Inc., is laying off approximately 1,000 employees, about 16% of its workforce, to boost efficiency and integrate AI. This move, influenced by activist investor Irenic Capital Management, follows previous workforce reductions.
Ola's AI smart assistant 'Kruti' goes dark across app platforms
While 'Kruti' was not accessible via its direct website, kruti.ai, which showed a "site not found" error, users accessing it through Olakrutrim.com/kruti saw a message stating the site was under maintenance and would be back shortly.
Mutual funds raise tech exposure in March after 8-year low. Tactical move or trend reversal?
Mutual funds raised tech exposure in March after an eight-year low, driven by tactical rebalancing and improved valuations. Experts say global cues like US tech recovery and easing rate concerns are aiding sentiment. Despite recent losses of up to 25%, the sector outlook remains gradually positive, supported by AI and cloud trends, though near-term volatility persists.
Musk's staff reaches out to suppliers for Terafab project: Report
Elon Musk's staff have reached out to chip industry suppliers including Applied Materials, Tokyo Electron and Lam Research for his Terafab AI chip complex project with SpaceX and Tesla.
ECB to quiz bankers about new Anthropic model risks
As European Central Bank regulators delve into the potential risks posed by new artificial intelligence models, bankers will be put under the microscope. These advanced technologies carry the ominous possibility of escalating cyber threats, leaving cybersecurity specialists on high alert. Across the Atlantic, British and American regulators echo these concerns.
Lenskart’s Peyush Bansal admits language lapse in grooming policy; denies restricting religious symbols
A screenshot of a Lenskart grooming policy that circulated online sparked the controversy. Bansal said the document does not reflect Lenskart’s present guidelines and clarified that employees are free to wear symbols such as bindis and tilak.
Karnataka unveils India's first quantum ecosystem map
Karnataka became the first state in India to unveil a comprehensive Quantum Ecosystem Map. The Science & Technology minister N S Boseraju said the initiative formally marks the launch of Phase-I of the State's Quantum Roadmap.
Attention activism gains global momentum: Why it matters?
A new movement is emerging, with millennials and Gen Z pushing back against constant screen time. These groups are organising offline gatherings and promoting 'dumb phones' to reclaim their attention. Activists aim to reduce the influence of Big Tech companies. This rebellion against digital distraction is spreading across the globe, encouraging people to reconnect with real life and each other.
Infosys, TCS, Wipro, other IT stocks climb up to 5%. Here's why
IT stocks rallied up to 5% on Wednesday, driven by improved market sentiment on hopes of fresh Iran-US talks and easing concerns around AI disruption. After earlier losses due to AI and inflation worries, the sector is seeing a partial recovery, with Nifty IT emerging as a top gainer.
Kevin Warsh net worth, Fed Chair race & confirmation delay: Why he’s making headlines
Kevin Warsh is in news as a top choice for Federal Reserve Chair. He is very rich and has worked in banking and government before. His selection is facing delay due to political issues and an ongoing investigation. The situation also involves criticism of current Fed Chair and interest rate decisions, making it an important financial and political story.
Amazon signs $11.57 billion deal for satellite firm Globalstar to challenge Musk's Starlink
Amazon is set to acquire Globalstar in a significant deal. This move aims to strengthen Amazon's satellite services and challenge Elon Musk's Starlink. Globalstar's network will be integrated, enhancing Amazon's satellite internet ambitions. The acquisition is expected to conclude next year, pending approvals. This partnership also ensures continued satellite support for Apple's safety features.
Global Markets | Japan's Nikkei rallies to six-week high as oil eases on Iran optimism
Japan’s Nikkei surged to a six-week high as easing oil prices and renewed optimism over US-Iran talks boosted investor sentiment across global markets.
OpenAI investors question $852 billion valuation as strategy shifts: Report
Last month, OpenAI raised $122 billion in what would likely rank as the largest fundraising round in Silicon Valley history. However, the company has redrawn its product roadmap twice in the past six months in response to competitive threats, first from Google and then from Anthropic.
Global Markets | Japan's Nikkei rallies to six-week high as oil prices ease on Iran talks optimism
Japanese stocks surged to a multi-month high as hopes for an end to the Iran conflict boosted market sentiment. Oil prices dipped on optimism surrounding ceasefire talks, with U.S. Vice President JD Vance indicating progress.
BharatPe cofounder Shashvat Nakrani steps down as COO, to remain a director
Nakrani said he will move from a day-to-day role to a strategic advisor and board director from May 1, continuing to guide fundraising, IPO, M&A, and long-term strategy. Sources said he is likely to start a new venture.
UK financial regulators rush to assess risks of Anthropic's latest AI model: Report
UK financial regulators are holding urgent talks with the government's cyber security agency and major banks to assess risks posed by the new artificial intelligence model from Anthropic, the Financial Times reported on Sunday.
Swiggy cofounder Nandan Reddy to leave company
Swiggy cofounder and head of innovation Nandan Reddy will step down from his role and vacate his board seat. Reddy, who cofounded Swiggy with Majety and Rahul Jaimini, is leaving to start his own venture. Jaimini exited the company in May 2020. Addepalli, who previously led Swiggy’s quick commerce vertical Instamart, was elevated to cofounder in July 2021.
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