GOOGLE MARKET DOMINANCE
'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.
AMD's OpenAI, Meta chip deals trigger $1 billion quarterly charge
AMD in February agreed to sell up to $60 billion worth of AI chips to Meta over five years, giving the Facebook owner warrants that could let it buy as much as 10% of the chip firm if it meets certain milestones. The deal followed a similar agreement with OpenAI last year, giving the startup the option to buy up to roughly 10% of the chipmaker.
AMD's OpenAI, Meta chip deals trigger $1 billion quarterly charge
AMD in February agreed to sell up to $60 billion worth of AI chips to Meta over five years, giving the Facebook owner warrants that could let it buy as much as 10% of the chip firm if it meets certain milestones. The deal followed a similar agreement with OpenAI last year, giving the startup the option to buy up to roughly 10% of the chipmaker.
Satya Nadella reinvented Microsoft with the cloud - now, can his AI strategy make it more valuable than Apple by 2027
Microsoft, under CEO Satya Nadella, is aiming to strengthen its AI growth story amidst rising competition. The company is moving from fixed subscription pricing to usage-based billing to better align with AI economics. While Microsoft's Copilot has gained users, its adoption is still below expectations compared to Office 365.
Microsoft, Oracle outshine Alphabet as investors demand AI returns
Wall Street increasingly favours technology companies demonstrating financial discipline in AI investments. Microsoft and Oracle gained on strong cash flow prospects, while Alphabet shares plunged amid rising capital expenditure and slower search growth. Investors are prioritising sustainable returns, profitability and cash generation over aggressive artificial intelligence infrastructure expansion.
US DOJ is inquiring about Nvidia's purchase of Hugging Face
The Justice Department's recent questioning covers Nvidia's acquisitions, investments, sales practices, and whether the chip designer has exerted pressure on its customers, the two people said.
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Jio Platforms' post-IPO playbook: What's ahead for No. 2 of Dalal Street?
Reliance Jio Platforms made a blockbuster stock market debut, listing at a 21.4% premium and reaching a $131.5 billion valuation. After India's biggest IPO, investors are watching Jio's next growth engines: tariff hikes, broadband expansion, artificial intelligence, cloud services and stronger cash flows. Can Akash Ambani turn Jio's digital ambitions into sustained earnings and long-term shareholder returns?
South Korea fines Google and Apple over unfair app market practices
The Korea Media and Communications Commission, the country's media and telecommunications regulator, spent years investigating the U.S. tech giants for allegedly violating a 2021 law that prohibits app store operators from forcing developers to use specific payment systems.
South Korea fines Google, Apple a combined $47.6 million over app store payment practices
South Korea fined Alphabet's Google and Apple a total of 63.7 billion won for market abuse. The Korea Media and Communications Commission investigated their practices regarding app store payment systems. Both companies were found to have delayed app reviews and charged excessive commissions. The ruling allowed South Korean developers to utilize external payment links. This marks a significant step in regulating foreign tech companies' practices in the country.
Oracle expands chip supply deal with Nvidia, adds Google and Cerebras offerings
Oracle and Nvidia said the cloud firm will expand to "multi-gigawatt scale" with Nvidia's newest generation of "Vera Rubin" AI servers. The companies did not disclose the value of the deal, though Nvidia CEO Jensen Huang has previously said that Vera Rubin systems can generate up to $40 billion in revenue per gigawatt for the chipmaker.
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.
BARC registration delay deepens TV ratings market rift in India
The ministry of information and broadcasting (MIB) is yet to decide on fresh registration applications from BARC and TAM India, a joint venture between Nielsen and Kantar Media. Key concerns include BARC's ownership structure, progress on cross-media measurement and the absence of an updated Broadcast India study, according to people familiar with the matter.
Amazon says its AI chips will work with popular coding language, challenging Nvidia
Amazon has unveiled TorchNeuron, a revolutionary tool that enables PyTorch code to be executed seamlessly on its Trainium AI chips. This innovation claims to minimize the need for extensive code alterations, making integration easier for developers. Over 30 early adopters have attested to remarkable cost efficiencies, prompting industry giants like Nvidia and Google to amp up their own offerings.
Jio IPO GMP at 20%: Grey market signals Rs 220 premium as brokerages say subscribe
Jio Platforms IPO GMP today: Jio Platforms’ Rs 30,200 crore IPO has a grey market premium of Rs 220 ahead of its October 21 opening. Emkay Global and SBI Securities highlight its telecom leadership, earnings growth and digital expansion, while flagging valuation, regulatory and capital expenditure risks.
Will Ambani's all-fresh Jio sale prove to be a masterstroke for investors?
Reliance Jio is set to roll out an ambitious Rs 30,213 crore IPO featuring solely new equity shares, not existing ones. In light of mixed results from recent Indian IPOs, this move aims to cut down Jio's debt while bolstering its financial standing. The company's IPO, valued at Rs 10.
AI founders cheer Trump's calls for the industry to police itself on safety in Silicon Valley
President Donald Trump brought tech titans to Washington late last month for a luncheon and ceremonial signing of a voluntary safety pact he described as "almost a constitution" surrounding "Super Intelligence," the administration's new preferred term for AI.
Keep UPI free, govt should withdraw proposed charges: GTRI
The Global Trade Research Initiative has urged the government to withdraw the proposed UPI charges set for October 15. Introducing fees on UPI transactions may adversely affect small businesses and consumer spending. Maintaining free UPI supports broader digital payments and benefits banks and payment apps. The anticipated changes could lead to higher prices for consumers and reduced earnings for merchants.
Google fights £1 billion UK lawsuit over app store fees in latest Big Tech case
The case - brought on behalf of around 20 million consumers who bought apps through Google's Play Store, or paid for in-app purchases and subscriptions between 2015 and this July - is the latest brought in Britain against Big Tech.
Google faces UK court over app store charges
A class action lawsuit against Google opens in London Tuesday, with the technology giant accused of earning excessive commissions from its app store, impacting 20 million UK consumers and businesses. Google meanwhile reached a £260-million settlement in a class action brought on behalf of thousands of UK developers, which was approved by the Competition Appeal Tribunal last month.
Polish regulator suspects Google abused dominant position in publisher payment talks
The Office of Competition and Consumer Protection, known by its Polish abbreviation UOKiK, said the charges relate to how Google negotiates remuneration for displaying articles and snippets in its search results, Google News and Discover services.
Artificial Intelligence: Which jobs are going to be replaced by AI? Which age group will be exposed the most? Here's what experts say
Which jobs are not safe from AI? Questions are being raised over the nature and magnitude of impact of Artificial Intelligence in coming times.
Jio Platforms IPO in final stages after concluding worldwide roadshows
Jio Platforms is on the verge of launching what is projected to be the largest public offering in India, targeting USD 3.8 billion. International roadshows spearheaded by Akash Ambani and Isha Ambani have garnered interest. Following approval from Sebi, Jio Platforms plans to release new equity shares, constituting about 2.9 percent of its base.
Sashakt: Expanding Opportunities Charting the Course for Digital Inclusion at India Mobile Congress 2026
The India Mobile Congress 2026 revolves around the innovative theme 'Scale Without Boundaries,' aiming to address the necessity for equitable digital access and groundbreaking connectivity methods. Over a four-day period, engaging sessions will delve into topics like autonomous networks and the role of AI in telecommunications, featuring insights from influential figures in the industry and global policymakers.
Apple Pay lands in India; Google executive on AI's next big hurdle
Apple Pay has finally arrived in India, giving iPhone users a new way to make payments. This and more in today’s ETtech Top 5.
Lessons from Chinese AI Firms on Owning Customers’ Habits
As U.S. AI firms compete in an escalating race for superior models, bigger benchmarks, and more advanced features, Chinese companies are pursuing a fundamentally different strategy: embedding AI into users’ everyday habits. The authors argue that this “habit moat” approach may prove more durable than competing on raw capability alone. Whereas Western firms position AI as a destination consumers consciously visit, companies like Alibaba integrate AI into existing routines such as shopping, payments, food delivery, and travel booking, reducing friction until using AI becomes automatic behavior. Once AI capabilities become “good enough,” marginal technical improvements matter less than becoming the default path through recurring customer tasks. The authors outline four strategic imperatives for Western leaders: focus on behavioral cues rather than feature gaps, subsidize customer behavior instead of subscriptions, embed AI invisibly into existing workflows, and optimize for repeat usage rather than first-time adoption. The central warning is stark: AI may not replace employees first—it may instead capture the critical customer moments businesses currently own.
IT firms cut H-1B reliance; Anthropic flags AI risks in IPO filing
Top Indian IT firms have sharply cut H-1B visa filings as rules tighten. This and more in today’s ETtech Top 5.
ChatGPT is coming for a bite of Google-Meta’s ad pie
Multiple Indian consumer brands, including SuperYou, Sirona, BellaVita, Sebamed, and Mamaearth have started testing the platform, as advertisers explore whether ChatGPT’s ability to capture consumers at the point of research can translate into better returns.
Apple Pay India launch may change payments in iPhones: Expected date, banks supported, UPI access and features
Apple Pay is expected to launch in India next month with Axis Bank credit cards, ahead of wider bank support, Reuters reported. The service will focus on card based tap and pay payments through Face ID and Touch ID, separate from India's dominant UPI network, with HDFC Bank and ICICI Bank still finalising their own tie ups.
Patchwork algorithms get the job done: What is helping curb skyrocketing costs of enterprise AI?
As businesses navigate the AI frontier, many are embracing a blend of advanced models to address distinct needs effectively. Industry giants such as Snowflake and Nvidia are pioneering model-routing solutions, while innovative startups in India are joining the ranks. Research shows that leveraging multiple models can enhance efficiency and cut costs, though factors like language quality and security challenges impede progress.
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