OPENAI FIRST DEVICE
Anthropic's potential mega IPO joins ranks of world's biggest stock market listings
Anthropic has kicked off its U.S. IPO roadshow, seeking to raise up to $64.4 billion by offering 825 million shares. This latest valuation stands at roughly $1.4 trillion, representing a drop from earlier estimations of $2 trillion. Notably, tech giants like Alphabet and Microsoft are set to invest $26 billion in a private placement.
Claude Fable 5.2, Claude Mythos 5.2: Anthropic unveils new AI models, check features, speed, price, release date
Claude Fable 5.2 targets coding, reasoning and AI agent tasks, while Claude Mythos 5.2 targets approved cybersecurity and life-sciences research applications.
Carl Pei teases Nothing’s first AI-native product; says it 'couldn't have been an app'
Nothing will launch its first AI-native product in December with a focus on productivity. The chief executive, Carl Pei, provided limited details about the product’s functions. It is suggested that the product may help users capture conversations and take notes. Other companies are also exploring wearable AI devices that focus on companionship or productivity.
US stock futures rise after midterms: Why are Dow Jones futures up nearly 800 points despite a Democratic sweep? S&P 500, Nasdaq gain as AMD and Nvidia stocks climb
Why are US stock futures rising after Democrats win the Senate and House? Dow leads Wall Street rally as AMD, Nvidia and semiconductor stocks gain. Earlier, at 06:02 ET, Dow futures were up 801 points, or 1.6%. S&P 500 futures were up 80 points, or 1.1%, and Nasdaq 100 futures were up 286 points, or 1.0%.
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.
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Apple's new CEO John Ternus to face first earnings test as memory costs surge
Ternus, who took the reins from Tim Cook in September, has overseen the introduction of Apple's first foldable phone, smart home hub and Apple's first touch-screen laptops. All of those products began shipping during the company's current fiscal first quarter, amid what Cook had called a "100-year flood" of rising memory costs.
Amazon unveils new lineup of Alexa devices including redesigned Echo Show
Amazon.com on Wednesday unveiled five new Alexa-powered devices including a redesigned Echo Show 16 smart display and a photo frame with built-in Alexa, as it pushes its latest
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.
Big Tech earnings a test of the AI boom amid market turmoil
Investors are pressing for evidence that the AI boom can deliver swift returns to justify its enormous price tag. Rising bond yields at AI cloud providers such as CoreWeave and record costs to insure Meta Platform's debt have amplified concerns about how the massive AI infrastructure buildout is being funded, particularly as higher US interest rates loom.
Meta eyes record $95 billion equity raise to fund AI expansion
The Facebook parent has launched public offerings worth about $35 billion in common and preferred stock, and said it also plans to launch a separate at-the-market share sale program worth up to $60 billion.
Apple Mac mini M6 review: A compact powerhouse for video editing, AI agents and everyday productivity
Apple’s Mac mini M6 packs powerful performance into a compact desktop, but is it the right choice for creators and professionals? From 4K video editing and multitasking to experimenting with local AI models and tools such as ChatGPT and dots, the machine offers plenty of possibilities. However, its starting configuration comes with limitations that buyers should consider before investing.
From Her to Klara and the Sun, AI friendship moves beyond the screen
Advancements in artificial intelligence are leading to the development of AI companions for emotional support. Technologies, such as AI wearables and apps, focus on creating relationships through ongoing interactions. While companions provide emotional engagement, AI agents are tasked with completing specific actions and goals.
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
I’ll believe it when I see it: Figma boss on AI restraint calls
“It’s a nice thing to say, and I’ll believe it when I see it,” the 33-year-old Field -- one of the youngest American billionaires --told ET in an interview in Bengaluru. The NYSE listed firm with a market cap of $11 billion, famously rejected a $20 billion acquisition bid from Adobe. While AI tools are getting more advanced and capable, one can’t outsource their creative thinking to AI as there will be “no differentiated work” anymore in the world.
India’s family offices bet on homegrown AI firms to gain ground
India’s tech landscape is witnessing an influx of investments from family offices and wealthy individuals. Key players like Premji Invest and Claypond Capital are funding promising AI startups. With at least six companies achieving unicorn status, the environment for AI is becoming increasingly supportive. This shift highlights the need for sustained investment in India’s AI ecosystem. The growth potential is significant, despite challenges in funding and competition.
OpenAI Engineer accused of bugging executive room: How the investigation unfolded and what he wanted to record
Alfozan faces a federal charge of using or trying to use a device to intercept oral communications. The complaint says OpenAI staff found the recorder on September 30. It was plugged into a USB port behind a television. It was hidden in toilet paper.
Inside Google's Gemini safety strategy: Protecting children, verifying age and tackling AI misinformation
To tackle rising child safety concerns linked with AI, Google is taking proactive steps as children engage with chatbots. The focus is on ensuring age-appropriate interactions, encouraging parental oversight, and promoting responsible AI use. The upcoming Gemini platform will feature age assurance technology to evaluate users' ages based on their behavior.
AI worms, 'major' incident fears spur safety calls at industry summit
From the spectre of refrigerator-infecting AI worms to warnings of "major" security incidents at the horizon, calls to prioritise safety in the development of artificial intelligence dominated an industry summit Wednesday. - Milk and worms - Microsoft president Brad Smith called for regulation saying industry and governments must "act with urgency" to create "real and effective safety standards" to contain the risks linked to artificial intelligence.
Enterprise AI needs measurable gains as adoption grows, say industry leaders
Companies are increasingly adopting AI technology beyond pilot projects and focusing on achieving measurable business outcomes. Leaders emphasise the importance of identifying specific problems and assessing AI's impact on operations. Organisations like Cars24 and TDK Corporation showcase successful AI implementations that enhance efficiency and revenue.
FBI arrests OpenAI engineer over hidden recording device in executive conference room
OpenAI reported the discovery of a sophisticated recording device hidden in a conference room. The employee, Abdulrahman Alfozan, was arrested after evidence linked him to the installation of the device. Authorities confirmed that no sensitive company data had been compromised during this incident. Alfozan had made multiple attempts to access restricted areas within the company's building. He is scheduled to appear in court again on October 19 for further proceedings.
Apple Homeview, Apple TV 4K, Apple HomePod mini 2 unveiled: Price, features, preorder and launch dates, all about Apple Welcome Home event
Apple HomeView launch was accompanied by updates to its HomePod smart speaker and Apple TV devices. It also introduced a range of accessories, including doorbells, cameras and thermostats, made by LG and Schneider Electric and designed with help from Apple.
Apple to unveil new smart home products, showcasing updated Siri AI
Apple plans to showcase new smart home products that aim to enhance Siri's capabilities and functionality. The expected lineup includes an iPad-like device designed for smart home control. Analysts highlight Apple's ongoing struggle to compete with rivals such as Google and Amazon in this market. Recent advancements in AI may improve the effectiveness of these new devices when integrated into homes.
Microsoft pushes AI vision with new, expensive Surface laptop
Microsoft is pushing a "hybrid intelligence" future with a new Surface Ultra laptop that runs on Nvidia artificial intelligence (AI) chips and will cost more than $2,500, the company announced Wednesday. The new Surface Ultra will use Nvidia's state-of-the-art AI chip, RTX Spark, which the semiconductor giant announced earlier this year.
Keeping AI models under control: When an agent causes harm, who bears the blame?
If an AI agent goes rogue, who do you hold responsible— the agent, the LLM developer or the human? asks EY partner Shivaprakash Abburu. Experts believe regulators are slow to build frameworks even as enterprises across the world are actively integrating AI into their workflows.
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's Dario Amodei: AI's most visible CEO and enigma
The surge in artificial intelligence and the heated debate around its risks have made Anthropic CEO Dario Amodei the most visible tech leader -- though the 43-year-old remains an enigma. "I think he is one of the great legends in tech and business," says Alex Karp, CEO of data-analytics specialist Palantir.
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.
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