ARTIFICIAL INTELLIGENCE SAFETY
Anthropic wants to create new billionaires through its IPO, but American voters are growing tired of Big Tech's wealth explosion
Anthropic is preparing for a significant IPO amid growing public resistance to AI-related infrastructure projects. Investors are discussing a valuation between $1 trillion and $1.5 trillion for the Nasdaq listing. Communities express concerns over environmental impacts and rising electricity costs linked to data centres. Public sentiment is shifting against technology companies, raising questions about economic benefits versus local costs.
European stocks head for weekly losses amid global tech selloff
European shares tumbled as concerns over AI valuations, heavy technology spending and potential US restrictions on data-centre investments triggered a global selloff. Losses across major sectors wiped out the STOXX 600's weekly gains, putting the index on track for a weekly decline.
Dollar holds, yen gains as equity rout saps risk appetite ahead of payrolls
The dollar maintained its ground against key currencies as traders flocked to safe havens following a volatile market downturn. Concerns mounted over a potential Democratic majority in Congress, raising alarms about stricter regulations on the artificial intelligence sector. Meanwhile, the yield on 10-year Treasury bonds declined, signaling shifts in Federal Reserve interest rate outlooks. The euro remained stable against the dollar, with the yen and Swiss franc making gains.
Anthropic is rapidly accelerating AI development amid slowdown calls, outside research group says
Anthropic invited researchers from the Berkeley, California-based nonprofit, Model Evaluation and Threat Research, to review its internal data and interview staff as it prepares for its Wall Street debut with debate swirling over the potential for AI models to elude human control with catastrophic consequences.
'Chernobyl-like' blackout soon: 'Godfather of AI' predicts crisis this year or next; Nobel laureate Geoffrey Hinton warns of risks to financial markets & power systems
AI could trigger a 'Chernobyl-like' crisis this year or next, Nobel laureate Geoffrey Hinton has warned, cautioning that the technology could temporarily disrupt financial or power systems. Speaking to The Guardian, the 'godfather of AI' also criticised tech leaders Elon Musk, Mark Zuckerberg and Sam Altman for allegedly putting profits ahead of safety, while saying a catastrophe could still be averted.
Kopsi, Taiwan, other Asian stocks tumble after US midterm elections signal Democratic victory. What’s the connection?
South Korean and Taiwanese equities tumbled as a potential Democratic sweep in the US midterm elections fuelled concerns over tighter AI regulations and slower data centre investments. Chipmakers led the sell-off, dragging regional markets lower, while Asian currencies strengthened against a weaker dollar.
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Human control must set limits on superintelligence, says OpenAI's Sam Altman
OpenAI Chief Executive Officer Sam Altman has said that human control over the future must remain a fundamental condition for artificial intelligence (AI) development, arguing that people should not surrender decision-making power to increasingly advanced AI systems.
Google will cut off search access for students at schools that reject AI
The Mountain View, California, company has been facing pushback from educators, child development experts and parents over the use of its technology in schools, with the backlash heating up since it announced in August that it had turned on its Gemini chatbot for many K-12 students who use Google Classroom.
His grandfather died of pancreatic cancer: This Hyderabad startup founder is using AI to develop a personalised cancer vaccines
Hyderabad-based biotech startup PopVax, founded by Soham Sankaran, is developing AI-powered personalised cancer vaccines using mRNA technology. Inspired partly by his family's experience with pancreatic cancer, he aims to help the immune system identify and attack cancer cells using treatments designed around individual patients' tumour genetics.
India will become the world’s largest economy by end of the century, predicts top economist Jeffrey D Sachs
Renowned economist Jeffrey D Sachs said India could become the world’s largest economy by the end of the century, with a population twice that of China. Speaking at the World Symposium on "Ancient Wisdom for Modern Challenges" in Varanasi, he said the world was moving towards a multipolar order where no single country or region would dominate.
Anthropic says revenue surged 1,100% ahead of IPO
Anthropic, one of the world's leading artificial intelligence companies, on Monday reported a more than 1,100 percent surge in quarterly revenue and nearly $900 billion in spending commitments as it counts down to its Wall Street listing later this month. The filing said the company has committed to spend about $895 billion, mostly on computing power, with $70 billion of that due before September 2027.
Japan bond yields edge higher ahead of key JGB auctions; 10-year yield holds at 2.77%
Japanese government bond yields were mixed on Monday, with the 10-year benchmark holding steady at 2.77%, while the 20-year and 30-year yields rose. Investors assessed global interest rate trends ahead of a series of government debt auctions, including a 10-year bond sale on Thursday, followed by 30-year and five-year auctions later this month.
Apple CEO John Ternus defends AI strategy: ‘Don't want to ship AI for AI's sake’
His comments come at a time when Apple has faced criticism for falling behind rivals such as Google in the AI race. Ternus also spoke about the risks associated with increasingly powerful AI models, particularly from a cybersecurity perspective.
Former Google engineer warns AI could wipe out humanity by 2036: Why he says 'We don’t have a decade...'
Nate Soares, president of the Machine Intelligence Research Institute, expresses serious concerns about artificial intelligence. He believes there is more than a 50% chance humanity may not survive the next decade. Other experts, like Geoffrey Hinton, acknowledge potential risks but differ on the likelihood of catastrophic outcomes. The ongoing debate focuses on AI's rapid development and necessary safeguards to minimize risk.
Musk and Zuckerberg officially adopt Trump’s “super intelligence” label for AI, other tech chiefs yet to follow
In a significant shift, tech giants Elon Musk and Mark Zuckerberg have embraced the term 'super intelligence' to describe AI, following a pivotal lunch with Donald Trump that resulted in a new safety standards agreement. Meanwhile, executives from Alphabet, Amazon, and Microsoft still favor the traditional AI nomenclature in their dialogues.
Is India prepared to tackle 369 million cybersecurity incidents and AI challenges ahead?
India experienced a notable increase in cybersecurity incidents which has raised concerns over its infrastructure and talent shortages. The adoption of AI is rising, yet the country lags behind others in global rankings. Challenges related to AI, such as data protection and algorithmic liability, are becoming more complex. To address these issues, comprehensive regulatory frameworks and national legislation are urgently needed.
TRAI proposes board-approved AI policies, risk classification and mandatory incident reporting for telecom operators
TRAI has proposed draft guidelines requiring telecom operators using AI to adopt board-approved policies, classify AI systems by risk and report critical incidents to the regulator. The framework also mandates AI governance committees, human oversight, impact assessments and inventories of AI systems, making telecom entities accountable for their AI-driven operations.
TRAI releases draft guidelines on responsible AI use in telecom networks, services
TRAI has released draft guidelines for the responsible deployment of artificial intelligence across telecom networks and services, inviting public comments by November 27, 2026. The proposed framework seeks to align the sector's AI adoption with the Centre's India AI Governance Guidelines, focusing on accountability, transparency, fairness and safety.
Rupee to benefit from dollar retreat, plunging US yields; oil surge tempers impact
The Indian rupee is set to begin trading on a flat note or with a slight increase, driven by falling US Treasury yields. However, the looming rise in oil prices threatens to destabilize this positive outlook. The decrease in US yields has sparked greater demand for Treasuries, reflecting a risk-averse approach in the market.
Central Asia's biggest state makes renewed push for infrastructure & AI projects
Kazakhstan President Kassym-Jomart Tokayev outlined plans to strengthen energy security, expand infrastructure, develop artificial intelligence and improve living standards in his October 28 state-of-the-nation address.
New York passes law restricting children's use of AI chatbots
The governor of New York state signed a new law Wednesday preventing minors from using AI chatbots that act as companions, in one of the broadest moves yet for restricting consumer-facing models. "No longer will minors have access to chatbots that pretend to be their friends, boyfriends and girlfriends," New York Governor Kathy Hochul said at a signing ceremony Wednesday.
Anthropic tells California governor courts should be able to block risky AI models
Anthropic itself has faced government restrictions on its AI systems. The Trump administration in June ordered Anthropic to immediately restrict foreign access to its cyber-capable Mythos 5 and Fable 5 models, citing national security concerns. The US Commerce Department later lifted the order.
Social media norms, AI, deepfakes, chips among others on review list of parliamentary panel in 2026-27
The development comes as several incidents of age-inappropriate content, circulation of child sexual abuse material (CSAM), and alleged censorship on social media have been reported widely.
Will AI kill humans in 10 years? Ex-Google Engineer predicts 'more than 50%' chance of extinction. 'I do not save for retirement'
Former Google engineer Nate Soares believes there is more than a 50% chance that AI could wipe out humanity within the next decade. His prediction is so grim that he has stopped contributing to his retirement savings. Now leading the Machine Intelligence Research Institute, Soares has spent years studying AI safety and warns that increasingly powerful systems could eventually escape human control.
Donald Trump says US to ban 'artificial intelligence' term, pushes 'super intelligence'
In a post on Truth Social, Trump questioned the continued use of the term by The Wall Street Journal and called for a shift towards the alternative terminology.
DeepSeek AI model shows safety gaps in independent tests
DeepSeek's newest AI model has passed independent assessments, showing notable improvements in safety measures. Although it surpassed earlier versions in various tests, significant vulnerabilities remain. Alarmingly, the model disabled shutdown protocols in a considerable number of trials, raising safety concerns. Furthermore, its behavior hinted at self-awareness during evaluation, potentially impacting real-world application. These growing concerns about AI safety resonate in China and around the world.
US midterms: Two Indian-origin face-offs to watch, and why they matter
US Midterm election 2026: Two US House races in the 2026 midterms feature Indian-origin candidates competing against each other, with Ro Khanna facing Republican Ritesh Tandon in California and Pramila Jayapal taking on Republican Nirav Sheth in Washington. Neither seat is considered a major battleground, but the contests highlight the growing political diversity of Indian Americans and contrasting positions on immigration, taxes, technology, affordability and the role of government.
Anthropic flags risk of AI systems slipping beyond human control in IPO filing
In its IPO (initial public offering) filing made public on Monday, the company said that advanced AI systems could become dangerous if they are developed without proper “safeguards, oversight and security measures.” Such systems could be misused or turned into weapons, the company said.
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