COMPUTER BASED TESTING
Anthropic's rapid growth comes with an $80 billion loss and growing concerns about AI risks
Anthropic filed for an initial public offering, reflecting rapid revenue growth amid significant financial losses. The company reported a 1,300% revenue increase, reaching $16.3 billion in the first half of 2026. However, it also encountered a net loss exceeding $80 billion due to high costs in AI development. Risks associated with AI technology are increasingly becoming a concern for potential investors.
Anthropic IPO: Rising costs, risks, rapid growth mark AI frontrunner
Anthropic, established by ex-OpenAI researchers, is gearing up for an anticipated entry into the stock market in the United States. The organization has impressively generated $16.29 billion in revenue during the first half of 2026. Yet, significant operational losses due to soaring computing costs pose a challenge, along with over $500 billion in cloud computing commitments. Competing against OpenAI and Google, they must adeptly maneuver through a tough economic environment.
Anthropic files for US IPO amid AI boom, rising costs and safety concerns
Anthropic has filed for a US IPO to support its ambitious AI development plans and secure funding. The company's recent financial details show significant revenue growth, but losses have widened sharply. Investors are currently valuing Anthropic at approximately $1.5 trillion, reflecting recent market fluctuations. Anthropic is in competition with OpenAI in the race to create advanced AI systems.
The hidden cybersecurity risks behind the connected factory
Connected machinery and digital production systems have made manufacturing more efficient, but they have also exposed factories to new cyber risks. For manufacturers, resilience now depends on protecting industrial systems while ensuring production can recover quickly when an incident occurs.
US stocks face crucial test as AI earnings, Fed meeting loom
US stocks face a crucial week as earnings from Alphabet, Microsoft and Amazon coincide with the Federal Reserve’s policy decision. Investors will assess whether massive AI investments can deliver sustainable returns, while the Fed’s guidance on interest rates and uncertainty surrounding the November midterm elections could shape market sentiment and volatility.
23 October 2028: Forget iPhone Duo, Ashwini Vaishnaw says India will have its own Apple and Samsung moment in 2 years
Ashwini Vaishnaw says India will have its own Indian-designed, manufactured and branded smartphones in the next two years by October 23, 2028. Here's what the IT Minister revealed about India's plans to build a homegrown smartphone brand and compete in the global mobile phone market.
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AI driven cyberattacks pose growing threat to capital markets, warns NSE's Ashish Chauhan
During the ANMI convention in Mumbai, Ashish Kumar Chauhan stressed the urgent need to address AI-driven cyber risks threatening the financial sector. He urged collaboration among market players to build a strong defense against such advanced threats. Chauhan also highlighted the necessity of regulatory reforms to safeguard market integrity and investor confidence, noting the impressive growth of India's capital markets, which now boast a market capitalization that surpasses banking credit.
China's Moonshot AI launches Kimi K3.1 Pro; plans full model weights release by November
Chinese artificial intelligence (AI) company Moonshot AI has unveiled Kimi K3.1 Pro, a 3-trillion-parameter open-weight AI model featuring a 1-million-token context window, alongside a high-speed variant, Kimi K3.1 Pro Highspeed, according to a company statement.
Anthropic IPO: What should investors consider when valuing the AI company? Aswath Damodaran explains
Anthropic is on track for an IPO expected in mid-November, reporting impressive revenues of $16.3 billion. However, the company faces a staggering net loss of over $80 billion for the year. Valuation expert Aswath Damodaran warns that IPO investor metrics can be erratic and heavily influenced by market sentiment. As Anthropic navigates an evolving business model, investors are advised to look beyond venture capital evaluations for a clearer understanding.
Want to work in Japan? Skills, language tests and job routes Indians should know about
Indians can explore job opportunities in Japan through the Specified Skilled Worker (SSW) programme in sectors such as manufacturing, construction, agriculture, nursing care and food services. Applicants generally need to pass a Japanese language test and an occupation-specific skills examination. Here is how to understand the visa routes, find legitimate employers, estimate living costs and avoid recruitment scams.
AI is rewriting the rules of investment for India's big-ticket players
Private equity investors in India are integrating artificial intelligence into their investment analysis and strategies. AI is being utilized to assess how it will impact revenues and competitive positions of companies. Investors are now focusing on AI capabilities and their potential to create value in various sectors. Additionally, AI is influencing negotiations by uncovering weaknesses quickly and enabling better assessments of business strength.
Deepinder Goyal’s Dark.ai could be Eternal’s dark horse, but is it too early to bet?
Eternal’s Dark.ai, a privacy-focused AI assistant developed under Deepinder Goyal, could open a new growth avenue for the company. While brokerages see potential in the experimental venture, its commercial viability remains untested. With pricing, monetisation and profitability still unclear, investors may have to wait before assessing its earnings potential.
Europe's financial regulators query Google over cloud outage that hit banks
The European Banking Authority said that it has been in contact with Google Cloud to obtain further information on the incident, understand its implications and assess its potential impact on financial entities in the EU, a spokesperson for the watchdog told Reuters.
Eternal’s Q2 profit rises; SBI flags customer data leak
Eternal’s Q2 profit has surged, with Blinkit contributing significantly to the growth. This and more in today’s ETtech Top 5.
SpaceX Q3 revenue soars 161% YoY on AI business growth, beating estimates
Elon Musk's SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink
Indian AI engineer builds 'world model', claims it's cheaper & faster than others
Sam Pasupalak, the visionary cofounder and CEO of Skyfall AI, has introduced an innovative AI model named SKY-001. This groundbreaking model is tailored for intricate engineering challenges, capable of analyzing real-world physical characteristics. Promising to outperform existing models like GPT-6 Astra, SKY-001 is notably faster and more cost-effective. It offers the ability to transform inputs into 3D assets, facilitating sequential design planning.
Chinese AI tool behind cyberattacks in Japan: security firm
Dozens of Japanese companies, from restaurant chains to a car hire operator, have disclosed unauthorised access or data breaches in recent weeks -- potentially impacting millions of customers.
Tech under pressure on AI jitters, dollar slips: Markets wrap
South Korea’s Kospi Index — a bellwether for AI investments — dropped 3.5%, with chip heavyweight SK Hynix Inc. heading for its lowest close since April. MSCI Inc.’s Asia Pacific Index fell 1%, diverging from Monday’s tech-led gains on Wall Street.
AI stocks rebound as CoreWeave jumps on Goldman Sachs upgrade
AI stocks rebound after last week’s sharp selloff, with semiconductor stocks leading the recovery. CoreWeave gains after Goldman Sachs upgrades the stock to buy, while Intel, Nvidia, AMD and Broadcom also rise. Investors now turn to upcoming technology earnings for clues on AI spending, valuations, debt and interest rates.
AI agents are only as good as the personal information you share, and that raises privacy concerns
Many have welcomed AI agents into their online lives, and raved about how personalized assistants like Muse can handle everyday tasks with ease - from snagging a dinner reservation or planning a trip, to organizing email inboxes. But like other AI bots, the agents are only as good as the information they have access to. They perform better the more they know about a user - and perhaps also that person's friends, family and even colleagues. That raises privacy concerns.
Market selloff, rising rates test AI data centre deal boom
A market selloff is forcing companies driving the global AI boom to delay fundraising plans or pay more for capital as investors demand proof they can absorb rising interest rates and computing-power costs.
China's ByteDance sets up AI safety team, launches global hiring drive
In a proactive move to address concerns surrounding artificial intelligence safety, ByteDance's AI research division, Seed, is assembling a dedicated Alignment & Preparedness team. The aim is to onboard 10 specialized researchers in Beijing, Shanghai, and San Jose. This initiative reflects the growing demand for robust AI capabilities and safety protocols in the U.S. and China.
Physical AI in Manufacturing: How computer vision, robotics and edge automation are moving into the real world
Physical AI is taking artificial intelligence beyond software and into factories, hospitals and other real-world environments. Computer vision, spatial systems, robotics and edge computing are enabling machines to interpret and respond to their surroundings. For enterprises, scaling these capabilities depends on reliable infrastructure, safety, integration and clear operational value.
Nvidia pledges $250 million in computing resources to boost UK AI safety research
Nvidia has committed $250 million in computing resources over five years to advance UK artificial intelligence safety research. Announced by CEO Jensen Huang on Wednesday, the $50 million annual pledge focuses on agentic AI security, supporting initiatives at Oxford, Imperial College London, and University College London.
Nandan Nilekani, NEET reform panel head, wants to end ‘question papers’: Infosys co-founder has an unusual plan to prevent paper leaks
Nandan Nilekani's Anti-Neet Paper Leak Plan: Nandan Nilekani has proposed generating NEET question papers at the last minute using AI and a large question bank to reduce paper leak risks. The Infosys co-founder also wants India to expand computer-based testing facilities as part of wider examination reforms.
Nandan Nilekani calls for AI-generated question papers, nationwide computer-based testing
Nandan Nilekani suggested a significant change in India's examination framework during the Bloomberg Economic Forum. He emphasized the use of artificial intelligence to create question papers on the day of the exam. This approach aims to eliminate the risk of leaks and fraud associated with traditional question papers. Nilekani noted the importance of transitioning to a Computer-Based Testing model nationwide for equitable access.
Want a government job after graduation? Indian Railways announces 3,548 NTPC vacancies with basic pay up to Rs 35,400; check eligibility & deadline
Indian Railways has announced 3,548 graduate-level vacancies under RRB NTPC Recruitment 2026, with applications open until November 6. The vacancies include Goods Train Manager, Senior Clerk Cum Typist, Junior Accounts Assistant Cum Typist and Chief Commercial Cum Ticket Supervisor. Check the post-wise vacancies, salary, eligibility criteria, selection process and important application dates.
NTA reforms: Panel proposes age, attempt limits and two-stage entrance tests after NEET cancellation
A parliamentary panel has called for stronger oversight of the National Testing Agency after NEET-UG 2026 was cancelled over alleged paper leaks. Its recommendations include parliamentary accountability, possible age and attempt limits, a two-stage entrance test structure, secure government-run computer-based testing centres and a national registry of blacklisted vendors. The report also flagged a 41% vacancy rate at the agency and urged permanent recruitment of examination specialists.
NEET candidate above 70, panel seeks age cap, attempt limits
A parliamentary panel has put forth innovative proposals aimed at reforming NEET, JEE (Main), and CUET to enhance examination efficiency and fairness. Key recommendations include a two-stage testing approach and the adoption of computer-based assessments. Additionally, the panel emphasizes the need for greater oversight of the coaching sector to ensure transparency and prioritize students' mental well-being.
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