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Companies need to overhaul cybersecurity as AI accelerates vulnerability attacks: Report
Companies will need to fundamentally overhaul their cybersecurity strategies and increase investments in automated threat detection and vulnerability management as frontier artificial intelligence (AI) makes it easier for cyberattackers to identify and exploit software weaknesses, according to a McKinsey report.
DLF to invest Rs 3,750 crore for majority stake in JV with Everstone for IREO assets
DLF plans to invest Rs 3,750 crore to obtain a majority stake in a partnership with EverstoneGroup. The joint venture will focus on IREO Private Limited and other entities within the IREO group in India. It aims to acquire at least a 20% stake in the IREO India companies to secure governance rights. This transaction remains subject to regulatory approvals and is expected to conclude by 2027.
Scripbox shareholders approve conversion into public company ahead of IPO
At an extraordinary general meeting on October 19, shareholders approved the change of the Accel-backed startup's name from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited, along with amendments to its constitutional documents, according to regulatory filings reviewed by ET.
Anthropic rolls out personal finance feature for Claude
Anthropic said access is read-only; it cannot move, manage or invest money, and the tool is not designed to give investment advice.
Why Goldman Sachs, JPMorgan, Uber are restricting AI access for employees
Goldman Sachs recently restricted most of its employees from using Anthropic’s Claude Code and Microsoft’s GitHub coding tools,Bloomberg reported, citing an October internal guidance. The American investment banking company had earlier allowed employees across departments to experiment with these tools to automate routine tasks, analyse trading activity, and create content.
Uday Kotak says $700 bn outstanding FII payments will boost market, sees AI worries driving flows to India
Veteran banker Uday Kotak expects India to benefit from a potential reversal in global investment flows as concerns over excessive AI spending weigh on US markets. He highlighted $700 billion in outstanding foreign portfolio investments, flagged the possibility of further RBI rate hikes and advised investors to focus on quality stocks and medium-term strategies.
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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
Apple cuts employee AI budgets in cost-control push
Apple has reduced employee budgets for AI usage as part of a broader effort to rein in costs, even as it seeks to expand the use of AI across its operations, Bloomberg News reported on Wednesday, citing people familiar with the matter.
AI bubble is coming, and there is no way out! Aswath Damodaran explains what investors should do before the crash begins
Valuation expert Aswath Damodaran believes an AI bubble is inevitable and investors cannot avoid its impact entirely. In a recent podcast, he traced the AI frenzy to ChatGPT's 2022 launch, which brought artificial intelligence into public consciousness. He explained how advances in computing power and access to vast amounts of data have transformed AI and fuelled today's enthusiasm.
Why are companies restricting AI access to employees
Goldman Sachs, Uber, JPMorgan and Nvidia are some of the global firms that have restricted their employees’ usage of AI tools
US Midterm Election 2026: Who gives ChatGPT your polling data? The answer leads to Brooklyn
A voter asks ChatGPT where to cast a ballot. The answer may begin at a county election office. A Brooklyn nonprofit helps move polling information from local officials to some of the biggest names in tech. Its role explains why two different tools can give you the same answer without checking two different sources.
Anthropic warns it’s close to self-building AI: Here’s why experts are worried
Anthropic has unveiled fresh financial details for its upcoming IPO, reaffirming its dedication to maintaining human oversight in AI development. The company alerts stakeholders to the potential for AI systems to attain recursive self-improvement, thereby boosting their own functionalities. While this technology holds transformative potential across various industries, it also carries considerable dangers.
Decoded: Will AI agents outlast the hype?
Krish Ramineni, founder of AI note-taking company Fireflies.ai, said consumers were experimenting with applications ranging from shopping and price comparisons to booking flights and hotels, making restaurant reservations, managing bills and subscriptions, and seeking refunds.
ET Wealth Expo 2026| India's next investment mega trend is a $1.5 trillion wealth transfer: Ganesh Mohan
Speaking on the sidelines of ET Wealth Expo 2026 in Mumbai, Mohan identified intergenerational wealth transfer as one of the major socio-cultural mega trends unfolding in India. He believes the shift will go beyond the transfer of assets between family members and could trigger a fundamental change in investment preferences, with younger investors potentially moving towards financial assets, equities and more diversified portfolios.
Anthropic revenue up 12x in Q3, commits $895 billion spending
Anthropic has reported a remarkable twelve-fold increase in quarterly revenue, reaching nearly $17 billion. The company plans to invest over $895 billion in future computing infrastructure and costs. Despite substantial revenue growth, Anthropic faces a $23.3 billion net loss in the last quarter due to rising expenses. Additionally, AI pricing pressures have impacted revenue growth, resulting in lower earnings.
Grok bot users hit limits faster as Elon Musk warns of ‘unsustainably high’ AI agent costs: What happens next?
Grok Bot usage limits: Elon Musk says the cost of running Grok Bot has become unsustainable relative to its revenue as users report hitting weekly usage limits faster. Despite 800,000 paid weekly users, questions remain about the service's costs, pricing and future limits.
Anthropic revenue jumps 1,100% ahead of IPO as AI spending commitments near $900 billion
Anthropic reported a 1,100% surge in third quarter revenue to $17 billion ahead of its planned IPO later this month. However, the AI company also disclosed a $23.3 billion net loss and nearly $895 billion in spending commitments, raising questions about AI infrastructure costs and investor appetite for its proposed listing.
Warren Buffett’s advice if World War 3 breaks out: Why Berkshire Hathaway's former CEO would keep buying stocks instead of holding cash
Warren Buffett has a different approach to investing if World War III breaks out. The billionaire investor said he would keep buying stocks rather than move entirely into cash, warning that money could lose value during a major war. He also identified farms and apartment buildings as assets he would consider owning.
Does White House ask AI to decide policy? Democrats want the receipts
In a letter dated Wednesday and first obtained by Politico, congressmen Jamie Raskin and Robert Garcia said questions submitted by Trump and White House aides -- and the chatbots' answers -- constituted presidential records that must be preserved under federal law.
Your boss may soon know what you’re asking Claude to do at work
Claude’s parent Anthropic has rolled out a new feature for its enterprise customers that gives administrators a window into how their teams use Claude, the work they produce with it and how much they spend on the AI tool.
Anthropic unveils additional Claude tools for lawyers
The new tools, which Anthropic calls artifacts, allow users to more easily create alternatives within Claude's traditional chatbot interface, the company said. They cover work areas that Anthropic said legal teams have asked about most often, including citation checking, mapping regulations and comparing legal topics.
Anthropic's Claude cut Enveda's drug records' review time by 89%
Colorado-based biotechnology company Enveda developed a CMC Document Processor to help reviewers identify errors, inconsistencies and potential quality issues across these records.
Anthropic's record IPO faces some big questions
No startup has ever grown so fast. Investors have already grown nervous.
Ahead of IPO, Anthropic says safety-monitoring demands pushed customers to other providers
The Claude-maker said its safety approach could also create “foregone or delayed revenue opportunities” compared with rivals that prioritise faster releases, broader access or more permissive uses. It added that such decisions may reduce adoption, limit customer usage or make its products less attractive.
Anthropic IPO puts AI spending under the spotlight as losses mount
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'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.
Timeline: Anthropic's path from AI startup to industry-defining IPO
Anthropic's IPO filing marks a significant step toward becoming the first public listing for a frontier AI lab. The company has raised a total of $3.5 billion in various funding rounds leading up to its IPO. Significant investments have come from major companies including Amazon.com and Alphabet's Google. Anthropic is currently projecting revenue of approximately $190 billion to $200 billion in 2028.
Anthropic unveils Claude Duet AI agent app
Anthropic on Thursday unveiled Claude Duet, a standalone AI agent app designed to act as a proactive assistant for professionals and small-business owners, as rivals such as OpenAI and Meta race to develop AI agents that can complete work autonomously on users' behalf.
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