Artificial Intelligence
A draft IPO prospectus for Anthropic, reviewed by Reuters and the Financial Times, shows 2025 revenue of about $4.6 billion, a $42 billion net loss driven largely by accounting charges, and plans to spend $518 billion on computing, alongside 80 pages of risk factors.
Nisha Omkumar
Author
IBM and Yotta Data Services have launched a Sovereign Agentic AI Platform that lets Indian organisations build and run AI agents while keeping data, operations and governance within India, combining IBM watsonx Orchestrate with Yotta's Shakti Cloud.
OpenAI has cancelled the planned October release of GPT-6.1 Astra after internal tests found it fell short on staying within scope and authorisation, the latest sign that leading AI labs are slowing down amid mounting safety concerns.
AMD has agreed to acquire World Labs, the spatial-intelligence start-up founded by AI pioneer Fei-Fei Li, in an all-stock deal worth about $8.2 billion. Li will join AMD as executive vice president and chief scientist, reporting to CEO Lisa Su.
While OpenAI and Anthropic chase enterprise revenue ahead of IPOs, Meta has gone all-in on Muse, a consumer AI agent headed to phones, smart glasses and a Tamagotchi-style device. Early users like it, but handing Meta financial data is a leap of trust.
An Australian Senate inquiry has called Sam Altman and Dario Amodei to appear after an experimental OpenAI agent accessed the Medicare health database and at least four government websites. Public hearings begin in Canberra on Thursday.
Anthropic CEO Dario Amodei was set to dine with President Trump at the White House on Sunday, their first one-on-one meeting, after months in which the two stood on opposite sides of the AI safety debate and the Pentagon labelled Anthropic a supply-chain risk.
Axis Bank plans 12,000–12,500 campus hires in FY27, up from about 11,500, even as AI trims demand for transaction-processing roles. The bank is redeploying staff into relationship management, wealth and MSME banking through an AI-powered internal mobility platform.
Chinese makers of prefabricated data centres and infrastructure see strong demand in the US AI build-out, but policymakers worried about security and supply-chain dependence are considering new restrictions on Chinese components and models.