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Fallout from the Nvidia scandal may dampen the exuberance around the AI boom
Nvidia CEO Jensen Huang resigned following reports of personal scandals, including extramarital affairs. His departure raised uncertainty in the AI sector and prompted rivals to consider increased competition. Competitors like Advanced Micro Devices and Broadcom saw share price gains on the news.
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.
Apple beats sales and profit expectations but AI costs weigh on holiday sales
Apple exceeded analysts' expectations for its latest results on Monday when the iPhone-maker said it notched a "revenue record" for the July-September quarter, driven by iPhone sales and services revenue, but increased costs related to AI will drag down margins. This includes primarily the impact of higher memory costs, as well as some costs related to the ramp of Siri AI," Parekh said.
AI is driving up memory prices. So why is Sam Altman questioning your PC's RAM?
OpenAI CEO Sam Altman has questioned the need for large amounts of RAM in personal computers, arguing that much of the memory remains unused and could be utilised more efficiently through centralised cloud infrastructure. However, his remarks come at a time when the AI industry's growing demand for computing power is contributing to rising memory prices, making smartphones, PCs and other consumer devices more expensive.
Global Market Today: Asian stocks advance on resurgent AI optimism
The MSCI Asia Pacific Index rose 0.6%, as benchmarks in Australia, Japan and South Korea advanced. The Kospi Index rose 2.6%, with SK Hynix Inc.’s stock climbing after the company reported operating profit that beat estimates. The chipmaker is planning a total of 100 trillion won ($75.4 billion) in shareholder returns for 2026.
Satya Nadella owns only a tiny stake in Microsoft; how the CEO built an estimated $1.4 billion fortune
Satya Nadella’s $1.4 billion fortune did not come from owning a large part of Microsoft. The CEO built his wealth mainly through company shares, bonuses and salary over the years. While his personal stake remains small, Microsoft’s growth under his leadership has made him one of the wealthiest executives in technology. Here’s how his compensation helped build his fortune.
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Who are the biggest investors backing Anthropic? A look at key stakeholders
Anthropic’s planned IPO is set to test public-market appetite for artificial intelligence companies. Backed by Amazon, Google, leading venture capital firms, global institutions and prominent individual investors, the Claude maker has seen its valuation surge through successive funding rounds.
Anthropic vs OpenAI: How Claude maker’s growth is challenging ChatGPT ahead of IPO
Anthropic has seen significant revenue growth, reaching $16.29 billion in the first half of 2026. OpenAI continues to expand its business model while generating substantial revenues from its consumer and enterprise offerings. Both companies face financial pressures as they invest heavily in infrastructure and computing power. The competition between Anthropic and OpenAI is primarily driven by their customer acquisition strategies and operational efficiencies.
Anthropic's top investors include Amazon, Google, Fidelity Management
Anthropic is preparing for its initial public offering, supported by significant investments from Amazon and Google. The company's valuation has increased significantly through numerous funding rounds over recent periods. Key investors like ICONIQ Capital and Coatue Management have also expressed confidence in its potential. Anthropic's partnerships with technology leaders enhance its resources for advancing AI development.
GST relief on cards for ecomm sellers; AceVector's weak debut
The GST Council is expected to consider easing compliance for small ecommerce sellers. This and more in today’s ETtech Top 5.
Hey Siri, how did Apple’s early lead in AI turn into a race to catch up?
Apple helped popularise voice assistants, then fell behind as rivals raised the bar. Fifteen years after Siri’s iPhone debut, a long-delayed overhaul puts its comeback to the test.
Anthropic enables local inferencing in India for Claude AI via Amazon Bedrock
Claude Opus 5, Sonnet 5, and Haiku 4.5 are now available with in-country inference through an India endpoint on Amazon Bedrock, the company said on Monday.
What have leading AI firms agreed to in Trump's Super Intelligence accord
In a significant collaboration spurred by concerns over AI advancements, tech giants convened at the White House to ink a Super Intelligence accord focused on boosting AI safety. While this agreement sets out voluntary safety benchmarks, it has no legal obligations at present. Major firms like Google and OpenAI will implement robust internal controls and monitoring of their AI systems, with independent committees ensuring thorough audits for accountability.
Anthropic IPO prospectus reveals deep reliance on Amazon, Google for sales and compute
Anthropic plans a highly anticipated IPO and seeks a valuation of approximately $2 trillion. The company reported a sharp increase in revenue alongside rising operational losses due to its aggressive expansion plans. Almost half of its 2025 sales came from Amazon and Google, highlighting its reliance on these tech giants. Anthropic's relationships with these cloud providers are both a competitive advantage and a risk factor.
Anthropic IPO explained: $2 trillion valuation, ballooning net loss, AI risks and other details in leaked IPO papers
Anthropic is preparing for a potential IPO as its revenue surges, but losses and infrastructure commitments balloon. The AI company has also warned of existential risks from advanced models and highlighted its heavy reliance on Amazon and Google.
Meta shares soar after launch of Muse AI
Meta shares bounced back to their summer 2025 highs this week, riding a wave of investor excitement about Muse, the social media giant's AI agent which presents an opportunity to generate revenue beyond advertising. Concerns linger about whether Meta, which generates almost all of its revenue from advertising, will be able to make such monumental investments pay off.
US Market: Meta shares rebound as Muse AI agent fuels revenue hopes
Meta shares have rebounded as investor optimism grows around Muse, its AI agent aimed at creating revenue beyond advertising. The company faces scrutiny over heavy AI spending, privacy concerns and competition, but Muse’s early downloads, retail partnerships and integration with smart glasses could help Meta monetize its vast user base.
Meta launches camera-free AI glasses amid privacy pushback
Meta unveiled several new wearables powered by its artificial intelligence (AI) models on Wednesday, including an audio-only, camera-free version of its smart glasses, amid global concerns about privacy and the filming of women and girls without their consent. The audio-only versions will complement the release of dozens of new smart glasses models that keep the video filming option.
Meta leans into AI, smart glasses amid privacy pushback
Meta has spent billions to stay competitive with artificial intelligence, but the tech giant faces growing pushback as CEO Mark Zuckerberg prepares to announce new products built for the AI era on Wednesday. The Muse agent is built on Meta's own AI models and is designed to compete with OpenAI's ChatGPT and Anthropic's Claude.
Meta's Muse overtakes Claude, Grok in post-launch download race: Report
In the 13-day post-launch window, Muse has roughly 2.5 million downloads, way ahead of 400,000 for Anthropic's Claude and 200,000 for xAI's Grok. However, Meta's agent trails ChatGPT, which logged 3.1 million downloads in that time, according to the report. But Muse briefly held the number spot on Apple’s US free app chart, ahead of ChatGPT.
Satya Nadella addresses “IDEAS4INDIA”: Indian American Tech CEOs Forum hosted by CGI Seattle
India’s Consulate in Seattle brought together more than 40 Indian-origin technology CEOs and CTOs, including Microsoft’s Satya Nadella, to discuss ways to deepen the India-US technology partnership. The forum focused on AI infrastructure, semiconductors, quantum computing, data centres, aerospace and skilling, as US technology majors expand investments and operations in India.
Microsoft CEO Satya Nadella lauds Seattle tech community's strengthening ties with India
Nadella was the guest of honour at a special event organised by the Consulate General of India in Seattle under the leadership of Consul General Prakash Gupta.
Amazon enters AI safety fray, calls for "rigorous testing," safeguards
The company provided its views in response to a Reuters inquiry days after many of the largest labs called for slower AI development, following an outcry among researchers and others who fear the technology could evade human control and threaten global systems and even humanity itself.
Semicon India eyes chip deals; AI leaders seek slowdown
The government is pushing supply chain partnerships at Semicon India 2026 to help local players. This and more in today’s ETtech Top 5.
UAE revises AI data center plan after Iranian attacks, sources say
In light of recent attacks linked to Iran, the UAE is re-evaluating its extensive AI data center project. Officials are contemplating distributing facilities nationwide and incorporating enhanced security measures. Collaborations with prominent US tech companies like Nvidia and OpenAI will remain pivotal. Despite these adjustments, progress on the initial project phase proceeds with necessary security upgrades in place.
Andrew Garfield plays OpenAI founder Sam Altman in Luca Guadagnino's 'Artificial' trailer as AI drama explores 2023 firing scandal
The trailer for Luca Guadagnino's film 'Artificial' has been released. Andrew Garfield stars as OpenAI founder Sam Altman in the drama. The movie focuses on Altman's sudden firing and quick reinstatement. It is set against a backdrop of intense artificial intelligence competition. The film is scheduled for a release this Christmas.
Anthropic planned, then abandoned $7 billion purchase of MatX
The merger talks, which a third person said have evolved into a discussion about a partnership, underscore the AI lab's ambition to secure the resources and talent needed to build its own chips. The goal is to help Anthropic accelerate its in-house chip development.
What the OpenAI-AWS partnership means for enterprises
OpenAI's Codex model is now available on Amazon Bedrock, a generative AI service from AWS. This integration allows businesses to leverage powerful AI tools directly within their existing AWS infrastructure, simplifying development and accelerating innovation. Customers can now use OpenAI models, including Codex, towards their AWS cloud spending commitments, marking a significant step in their deepening partnership.
Microsoft shares slip after OpenAI breaks off exclusivity deal
Microsoft's stock dipped following a new deal with OpenAI. The partnership ends Microsoft's exclusive access to OpenAI's technology. Microsoft remains a primary cloud partner until 2032. OpenAI gains freedom to work with other cloud providers. This move impacts Microsoft's competitive AI advantage. Financial terms have also been adjusted.
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