AI DEVICE
Anthropic IPO to test Wall Street's appetite for AI stocks
Anthropic is preparing for a potential IPO that could value the Claude chatbot maker at up to $1.4 trillion. The proposed $64.4 billion share sale, alongside a separate private placement, could rank among the largest market debuts in history.
Fallout from the Nvidia scandal may dampen the exuberance around the AI boom
Nvidia CEO Jensen Huang resigned following reports of personal scandals, including extramarital affairs. His departure raised uncertainty in the AI sector and prompted rivals to consider increased competition. Competitors like Advanced Micro Devices and Broadcom saw share price gains on the news.
Nvidia PE falls to 14-year low, but CEO exit and AI worries cloud the bargain
By one of Wall Street's favorite metrics, Nvidia shares look like a bargain. Following a steep drop from its October 6 record high, Nvidia's stock is trading at the equivalent of 12 times expected earnings.
Warby Parker bets on Google AI glasses for growth, but privacy fears still loom
Warby Parker is entering the smart glasses market in partnership with Google and Samsung, betting that demand for the artificial intelligence wearables will balloon in the coming years.
Jensen Huang’s Nvidia exit raises fears over the future of AI financing
Nvidia CEO Jensen Huang's reported departure rattled global markets, triggering concerns over the chipmaker's leadership, AI investments and data-centre financing strategy. Nvidia shares tumbled, while Chinese chipmakers rallied amid expectations of potential gains in market share.
Donald Trump says Tim Cook should replace Jensen Huang at Nvidia: All about former Apple CEO who once took over from legendary tech visionary Steve Jobs
Tim Cook stepped down after a 15-year stint as Apple's CEO in September and is now executive chairman at the iPhone-maker's board of directors.
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Before Nvidia, Kimberly Powell was an engineering intern in radiology tech; How she built an 18-year career in AI healthcare, now in the spotlight after Jensen Huang report
Kimberly Powell did not begin her career in AI drug discovery. She started as an engineering intern, working with radiologists and medical imaging technology. That experience eventually brought her to Nvidia, where she spent 18 years building its healthcare business. Now, a report about her alleged relationship with Jensen Huang has put her in the headlines. But how did she go from working in radiology to becoming one of Nvidia's senior executives?
Nasdaq, S&P 500 futures fall as Nvidia turbulence unsettles AI stocks
Futures tracking the Nasdaq 100 fell significantly after Nvidia shares plummeted due to leadership concerns. Reports about CEO Jensen Huang led to a decline in investor sentiment towards AI-linked stocks. Additionally, the upcoming Producer Price Index data is raising inflation expectations among investors. Concerns over economic impacts and geopolitical risks remain prevalent, with a December rate hike by the Federal Reserve anticipated.
Global Market Today: Asian stocks mixed as Nvidia turmoil hits AI-linked shares
Nasdaq 100 futures fell over 1% and S&P 500 contracts lost 0.5% after Nvidia tumbled about 10% in late trading. The company’s board is meeting to discuss Huang’s future after he admitted to an affair with a woman US officials reportedly believe is a Chinese spy, according to a person familiar with the matter.
Xiaomi eyes local partners; Electronics firms target AI infra
Xiaomi is looking for local partners as it plans to manufacture home appliances in India. This and more in today’s ETtech Top 5.
China's Singles Day shopping festival puts AI selling power to the test
If you are looking for evidence of how enthusiastically China is adopting AI, look no further than the country's premier month-long Singles Day shopping festival.
Anthropic's potential mega IPO joins ranks of world's biggest stock market listings
Anthropic has kicked off its U.S. IPO roadshow, seeking to raise up to $64.4 billion by offering 825 million shares. This latest valuation stands at roughly $1.4 trillion, representing a drop from earlier estimations of $2 trillion. Notably, tech giants like Alphabet and Microsoft are set to invest $26 billion in a private placement.
Amazon's Ring launches flying camera, autonomous security robot
Amazon's Ring on Tuesday launched a new robotics business with two autonomous security products, a flying indoor camera for homes and a roving security robot designed for businesses, as the company expands beyond its established lineup of home-security devices.
Meta expands teen protections, brings AI age checks to more users
Meta uses AI to analyse whether a user is a teenager. This allows the company to identify users who may have lied about their age during registration and place them under Teen Account protections, which will automatically limit who can contact them, the content they see, and the time spent on its apps.
Indian organisations on edge as sites fail to Captcha AI intruders
Personal AI agents such as Instinct, Muse, Grokbot and OpenClaw have taken over the consumer internet in the US. But last month, major US banks, including JPMorgan Chase, Bank of America, Wells Fargo and Morgan Stanley, reportedly flagged AI agents such as Meta’s Muse accessing customer accounts using login credentials voluntarily shared by users laying bare the risks of handing AI agents the keys to consumers’ digital lives.
AMD stock today surges 12% after Oppenheimer upgrades Advanced Micro Devices, while Nvidia slides amid board investigation report
AMD stock price today: AMD shares surged more than 12% on Monday after Oppenheimer upgraded the stock and set a $600 price target. A Google Cloud partnership, strong data centre growth and CEO Lisa Su’s confidence in AI chip demand also supported the rally, even as Nvidia faced a separate investigation involving its CEO.
Claude Fable 5.2, Claude Mythos 5.2: Anthropic unveils new AI models, check features, speed, price, release date
Claude Fable 5.2 targets coding, reasoning and AI agent tasks, while Claude Mythos 5.2 targets approved cybersecurity and life-sciences research applications.
Nvidia scandal: The AI arms race puts human spies back into the game
The Nvidia controversy involving CEO Jensen Huang and a woman suspected by US intelligence of having links to Beijing has renewed concerns over corporate espionage in the AI industry. Recent cases involving OpenAI and Google have also highlighted risks from insiders and traditional spying methods.
The Liver Doc takes on Deepinder Goyal again, questions ‘entropy’ claims
In a recent social media post, The Liver Doc said, “Deepinder Goyal is a liar. It was always about the brain, even though he now claims it was not.” He attached Goyal’s previous posts on the wearable.
'Temple is not made for India': Deepinder Goyal responds to criticism in Diwali posts, promises to publish ‘detailed note’
Goyal said the company did not want people to support Temple simply because it was an Indian startup, adding “We don’t need/want nationalist support.”
Deepinder Goyal unveils Temple’s long-term vision, apologises for remarks on doctors
Goyal said Temple is designed to work without a microphone, camera, or screen for privacy reasons. Instead, it uses motion sensors to pick up vibrations generated by the wearer's voice and convert them into text. The company is calling this technology “roomdeaf audio”, arguing that it allows the device to hear its wearer without listening to conversations around her.
Deepinder Goyal unveils Temple, calls it ‘humanity’s last personal device’; AI wearable to ship in 2027
Deepinder Goyal has unveiled Temple, a screen-free, microphone-free AI wearable he calls “humanity’s last personal device”. Using motion sensors to detect the wearer's voice through vibrations, the device combines AI companionship with health tracking. Temple 01, featuring AI and health capabilities, is expected to ship in early 2027.
Ex-Ultrahuman executive launches AI ring startup Aina for agentic interactions
The startup said it is positioning the device as an alternative interface to smartphones for everyday interactions with AI systems. It has spent the past 15 months developing the product and is now opening pre-orders globally, with prices starting at $399 (about Rs 36,000), the startup said in a statement.
Planning to buy smartphone? Prices to rise 30% soon, says Jefferies report
Smartphone prices could rise by nearly 30%, particularly in the budget segment, as surging demand for memory chips from AI companies pushes up manufacturing costs. A Jefferies report warns that higher component prices could force consumers to delay purchases, choose second-hand phones or spend more on expensive models. Global smartphone shipments are also expected to decline in 2026 and 2027.
Carl Pei teases Nothing’s first AI-native product; says it 'couldn't have been an app'
Nothing will launch its first AI-native product in December with a focus on productivity. The chief executive, Carl Pei, provided limited details about the product’s functions. It is suggested that the product may help users capture conversations and take notes. Other companies are also exploring wearable AI devices that focus on companionship or productivity.
Google turns off AI for schoolchildren by default
Google has said it will switch off its AI tools for schoolchildren by default, after drawing criticism for pushing artificial intelligence features to students while schools are still debating how the technology should be used in classrooms. The feature was switched on by default for students at schools that had already enabled Gemini.
Beyond ‘no subscription’, NeoSapien sees a paid future for advanced AI features
The Bengaluru-based AI wearables startup is exploring another funding round in early 2027 but its CEO said there was no pressure to raise capital because its cash burn remained low and capital from earlier round was still in the bank.
Here's how two major AI companies are limiting usage of their AI models
OpenAI has enacted new rules that disallow the stacking of paid ChatGPT subscriptions on a single device or payment card. Users hitting subscription caps will encounter an error message, preventing them from activating more subscriptions. Many users have complained about GrokBot's rapidly declining usage allocations. Elon Musk admitted the rising costs are contributing to Grok user dissatisfaction.
Apple's new CEO John Ternus to face first earnings test as memory costs surge
Ternus, who took the reins from Tim Cook in September, has overseen the introduction of Apple's first foldable phone, smart home hub and Apple's first touch-screen laptops. All of those products began shipping during the company's current fiscal first quarter, amid what Cook had called a "100-year flood" of rising memory costs.
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