The Latest Breaking News on AI

Stocks rebound after tech sell-off and Indonesia shares sink on market downgrade warning

Asian shares have mostly rebounded after Wall Street gains, a day after a tech sell-off dragged stocks lower

The Independent UK · Oct 16

How GoDaddy is changing the way Indian SMBs use AI

Online presence for enterprises have become vital, and thankfully with the advent of AI, easier as well. While creating a website, branding, logos, and finding the right potential customers was a matter of expertise in yesteryears, it can now be done without having the relevant skills and/or resources. GoDaddy, as…

The Economic Times · Oct 16

Global hedge funds suffer steep losses as AI trade unwinds, Asia funds hit hardest

Global hedge funds suffered steep losses as investors unwound artificial intelligence-related trades amid inflation concerns and expectations of higher interest rates. Asia-focused stock pickers were hit hardest, losing 6.8% in early October, while global fundamental long-short funds fell 2.9% through October 15, according to Goldman Sachs data cited by Reuters.

The Economic Times · Oct 16

India's BoP set to turn positive but below expectations amid oil import costs and widening trade deficit: ICICI Bank

India's Balance of Payments (BoP) is turning positive, but it is likely to remain lower than earlier expectations as elevated oil prices and an expanding non-oil, non-gold deficit weigh on the external trade position, according to a research report by ICICI Bank Global Markets.

The Economic Times · Oct 16

Australia should 'roll out red carpet' for data centres

Clear rules and less 'green tape' are needed to ensure tech giants don't abandon Australia and take investments elsewhere, a climate leader warns.

AAP · Oct 16

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…

The Economic Times · Oct 16

AI agents breach Indian firms’ systems, roam undetected for days, CERT-In warns

Indian Computer Emergency Response Team reported that AI agents attacked local organizations for unauthorized access and financial gain. These breaches were undetected for several days and exploited security weaknesses in ICT systems. Cybercriminals also used open-source AI tools to enhance their attacks during the same time. Concerns about cyber threats…

The Economic Times · Oct 16

US states sue AI giant OpenAI, saying its popular chatbot is hurting children and deceiving adults

Eight US states have initiated lawsuits against OpenAI, alleging violations of consumer protection laws on various grounds. The accusations include harming children and misleading adults in a pursuit of profit. OpenAI's ChatGPT is claimed to provide dangerous advice and encourage harmful behavior among teenagers. The lawsuits assert that OpenAI has…

The Economic Times · Oct 16

'India's dynamic market': Canada Trade Minister Sidhu highlights opportunities for Canadian firms

Canadian International Trade Minister Maninder Sidhu has highlighted opportunities for Canadian companies in India's "dynamic market", identifying artificial intelligence, quantum computing, aviation infrastructure, digital innovation, sustainability and smart mobility as key areas for bilateral cooperation.

The Economic Times · Oct 16

Investors temper Anthropic IPO valuation expectations over revenue growth slowdown

Some investors who attended Anthropic's investor day on Wednesday in San Francisco discussed a valuation of around $1.5 trillion, three of the people said, a significant step down from the roughly $2 trillion valuation that investors had previously expected for the November share sale.

The Economic Times · Oct 16