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Sundar Pichai tops HSBC Hurun Global Indians List as Alphabet overtakes Microsoft
Sundar Pichai, the CEO of Alphabet, heads the HSBC Hurun Global Indians List 2026, marking a staggering company valuation of $4.2 trillion. Featuring 236 leaders of Indian descent, the collective value of these companies reaches an impressive $15 trillion. Noteworthy is the growth in artificial intelligence, boasting 18 companies valued at $227 billion.
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
Who's next CEO at Nvidia? Top engineer and CFO favored as candidates
Nvidia's CEO Jensen Huang faces potential ousting from the board due to reported extramarital affairs. If removed, Colette Kress could serve as interim CEO due to her experience and familiarity. Meanwhile, Ian Buck, a key engineer at Nvidia, is seen as a strong long-term candidate for the position. Speculation also includes external candidates like Arm CEO Rene Haas. Nvidia's governance and direction are under scrutiny as these developments unfold.
CoreWeave beats quarterly revenue estimates as AI demand defies growing doubts
CoreWeave reported revenue of $3.66 billion for the third quarter ended September, up from $1.37 billion a year earlier, compared with analysts' average estimate of $3.55 billion, according to data compiled by LSEG.
Anthropic targets $90 billion IPO at $1.4 trillion valuation
Anthropic PBC is preparing for an initial public offering aiming for a fully diluted valuation of $1.4 trillion. The company plans to raise up to $90.4 billion, including a private placement with major investors. It has reported a revenue run rate of $81 billion, showcasing significant growth in recent months. The IPO is scheduled to price on November 18 and begin trading the next day.
Google agrees to addition privacy protections in Spirit Airlines data sale
The agreement clears the way next week for approval of Google's $10 million deal to acquire Spirit data to train AI models. The union said it had won a more rigorous de-identification process than previously planned and added significant employee data will be excluded from the sale, including health and medical information.
Anthropic IPO: Amazon, Google could make staggering over USD 400 billion from Claude maker's successful listing. Here's how
Anthropic IPO: Amazon has invested at least $13 billion in Anthropic and in April agreed to invest up to an additional $20 billion. Google has committed up to $40 billion to Anthropic, including an initial $10 billion investment announced in April.
Anthropic IPO: Why are Nvidia, Google, Microsoft and AMD investing billions in their own AI competitor? What Big Tech stands to gain from the Claude maker
Anthropic IPO: Anthropic is set to receive a significant $26 billion investment through its upcoming IPO from several technology companies. Major contributors include Google, Nvidia, and AMD, each seeking commercial advantages. This financial backing will support Anthropic's expansion and operational needs, including increased computing infrastructure. The participating companies aim to benefit from Anthropic's growth while addressing their own strategic interests in the AI market.
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.
TSMC to invest up to $1 billion in Anthropic, OpenAI
TSMC is set to invest up to $1 billion in the AI landscape, directing $500 million each to Anthropic and OpenAI. As Anthropic prepares for its IPO, this financial move by TSMC underscores its belief in a booming AI industry. With surging demand for AI chips, TSMC also aims to enhance its production capabilities, reinforcing its role in evolving AI infrastructure.
TSMC to invest up to $1 billion in Anthropic, OpenAI
The company is positioning itself to benefit not only from supplying AI infrastructure, but also from owning stakes in some of the industry's most influential developers. TSMC's board approved on Tuesday an investment of up to $500 million to acquire shares in Anthropic at its initial public offering price, and an investment of up to $500 million to acquire preferred stock in OpenAI.
Microsoft presses Trump to scuttle expected ban on Chinese data center technology: Report
Microsoft is lobbying against a proposed ban on Chinese optical transceivers essential for artificial intelligence data centers. The Trump administration's decision could significantly impact the speed of data center development in the US. Industry groups have expressed concerns about potential supply chain disruptions and competitive disadvantages. The Federal Communications Commission is currently deliberating on the implications of this ban.
Microsoft presses President Trump to scuttle expected ban on Chinese data centre technology
Reuters reported in August that the Trump administration wants to ban US imports of new models of Chinese optical transceivers, which allow data to travel over fiber-optic cables at the speed of light within data centers. The concern is that they could be used by Beijing to steal data, install malware or disrupt service at US data centers.
Microsoft reports $36 billion quaterly profit, employees complain salary raises below 1%, describe workplace as 'joyless and demoralizing' after 60,000 people receive buyout offers
Microsoft reported a 32% jump in quarterly profit to $36.6 billion but its employees complain of salary increases below 1%, rising workloads and pressure to use AI tools. An open letter describes the workplace as “joyless and demoralizing” following voluntary buyout offers to around 60,000 employees across four countries.
Microsoft employees raise concerns over AI strategy amid 60,000-person buyout offer
The letter, cited in a report byThe New York Times, accuses Microsoft of pursuing AI with a “speed-at-all-costs” approach and urges the company to stop linking employees' use of AI tools to performance rewards or reprimands.
Microsoft is winding down Oracle deal to rent AI cloud capacity: Bloomberg
Microsoft is winding down an arrangement to rent AI computing from Oracle as part of a larger reassessment of billions of dollars in cloud partnerships, Bloomberg news reported on Friday, citing people familiar with the matter.
Activists breach Microsoft data centre construction site as protests spread in Europe
Activist groups have announced actions in 16 countries on Friday and Saturday, according to the "Stop Dirty Data Centres" coalition, which is rallying environmental groups and digital rights campaigns behind calls to pause large-scale construction.
Microsoft rejects multibillion-dollar AI deal with UK's Nscale
The report comes weeks after Microsoft pulled out of a deal to anchor Nscale's flagship data centre project in Loughton, Essex, after power connection delays pushed its expected supply date into the 2030s
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