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News
Asian AI stocks slide as top lab CEOs call for slower development of tech
9+ hour, 16+ min ago (73+ words) In Taipei, Taiwan Semiconductor Manufacturing Company slipped 1.2 per cent, while in South Korea SK Hynix slid 5.3 per cent and Samsung Electronics fell 3.7 per cent | Image: Bloomberg BRICS Summit 2026: Who’s coming, what’s on the agenda and why it matters US suspends…...
Softbank Group gets upsized $11.9 billion loan in OpenAI funding push
10+ hour, 17+ min ago (245+ words) The Japanese conglomerate sealed the two-year facility last week, attracting commitments from around 20 banks By Janice Huang SoftBank Group Corp secured an $11.87 billion loan to support its investment in US artificial intelligence firm OpenAI, people familiar with the matter said,…...
Anthropic picks Nasdaq for much-anticipated IPO, eyes listing in October
10+ hour, 51+ min ago (229+ words) Anthropic is on track to generate annualized revenue of over $65 billion based on its current performance, up more than sevenfold from its pace at the end of last year | Image: Bloomberg By Bailey Lipschultz Anthropic PBC has picked Nasdaq as…...
China's Z.AI raises $5 billion through share, convertible bond sales
13+ hour, 59+ min ago (260+ words) business-standard.com Beijing-based artificial intelligence company Z.AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent convertible bond sale of about $3 billion, the company said in a Hong Kong stock…...
Indian banks bet on AI but hold back on scale amid deployment concerns
21+ hour, 20+ min ago (135+ words) When it comes to end-to-end operational workflows or high-consequence decision-making, deployment drops off sharply Artificial intelligence (AI) has crossed the threshold from experimentation to daily operations in Indian banking As many as seven out of 10 chief data officers (CDOs) report…...
Businesses put up guard rails in deploying AI, prioritise governance
21+ hour, 25+ min ago (36+ words) Fear of rogue agents is prompting firms to limit autonomy and prioritise governance Businesses put up guard rails in deploying AI, prioritise governance Fear of rogue agents is prompting firms to limit autonomy and prioritise governance...
Brics bets on AI, startups as India pushes innovation-led growth agenda
23+ hour, 39+ min ago (500+ words) Business Standard...
Anthropic's AI warning may weigh on chip stocks, but trade seen intact
1+ day, 5+ hour ago (572+ words) Business Standard...
Rosemerta eyes 30-35% FY27 growth on tech, mobility solutions push
1+ day, 6+ hour ago (304+ words) Business Standard Rosemerta Group is targeting 30-35 per cent growth in FY27 after closing FY26 with revenue of around â¹1,200-1,250 crore, as it expands beyond its traditional auto-ancillary business into technology-led and mobility solutions The group is betting on businesses such as telematics,…...
Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion
1+ day, 9+ hour ago (264+ words) business-standard.com Oracle said on Saturday that its co-founder and executive âchairman Larry Ellison had canceled a plan to sell up to 50 million Oracle shares, worth about $7.5 billion at Friday's closing price Oracle had disclosed in a regulatory filing…...