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    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.

    Singapore confirms a probe into Megaspeed but denies investigating Alice Huang over spy claims; how is Nvidia CEO Jensen Huang linked to the controversy?

    US media reports have alleged that Nvidia CEO Jensen Huang developed a 'close relationship' with an alleged Chinese spy. US intelligence believes Alice Huang was recruited by China's Ministry of State Security (MSS). The alleged relationship was reportedly mentioned in a memo. Singapore has reportedly rejected the claims that Alice Huang was investigated by its authorities.

    Donald Trump was reportedly briefed a year ago that a suspected Chinese spy was close to Nvidia's CEO, but why was Jensen Huang never told?

    According to media reports, US intelligence believes Alice Huang was recruited by China's Ministry of State Security (MSS). Alice had developed a close professional relationship with Jensen through her work in the AI and data centre industry. Their alleged relationship attracted intelligence attention because Nvidia's technology is central to the US-China competition over artificial intelligence.

    Quote of the day by Sigmund Freud: ‘The more perfect a person is on the outside, the more demons they have on the inside’ - Founder of psychoanalysis on why perfection on the outside can hide chaos within

    In today's world where social media reigns, many people curate seemingly perfect lives while masking deep emotional struggles. Sigmund Freud's quote shed light on the risks of burying feelings to project an ideal self. This discord often results in profound fatigue and isolation. Embracing our flaws is key to leading a genuine and fulfilling life, encouraging individuals to seek authenticity over appearances.

    Risk-off mood sweeps European stocks as AI concerns deepen

    European markets saw a 1% dip as a wave of selloffs hit insurance stocks following a Democratic victory, raising concerns around the stability of AI investments. A significant downgrade of German reinsurers by JPMorgan added to the insurance sector's woes. Yet, clean energy stocks thrived, bolstered by renewed support for green initiatives.

    Government clears Rs 7,503 crore investments under ECMS in sixth tranche

    The latest group of 12 applicants includes manufacturers of up- stream materials such as anode and cathode materials. Together, these companies plan to produce goods worth 182,243 crore at faci- lities across 10 states and employ more than 9,500 workers.

    The Economic Times
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