Anthropic is preparing for what could become one of the world’s biggest IPOs, with investors and bankers looking beyond the AI firm’s current performance and towards 2028 to assess how much the company could be worth.Two people familiar with Anthropic’s financials portfolio told Reuters that the company is forecasting revenue of about $190 billion to…
Nvidia’s financial ties with Elon Musk’s SpaceX have come into focus after the chipmaking giant disclosed that it owns nearly 123 million shares in the rocket company. The stake was worth almost $21 billion at the end of June, but has since fallen to about $17 billion as SpaceX shares dropped sharply following its June…
Talent gaps threaten India’s GCC growth (representative image) Talent shortages are emerging as a strategic risk for India’s global capability centre (GCC) sector, with 11% of GCC leaders saying their global headquarters are actively evaluating or shifting mandates to competing geographies, according to a PwC India-FICCI study.The report, based on a survey of 200 senior…
Claude recorded the sharpest growth among major GenAI apps during the June quarter NEW DELHI: India’s AI-app race is getting more competitive. While ChatGPT continues to dominate user engagement and spending, Gemini is gaining ground and Claude is emerging as a fast-growing challenger, according to data from market intelligence firm Sensor Tower.Claude recorded the sharpest…
PM Modi on Saturday led the country’s 80th Independence Day celebrations at the Red Fort. India has become the world’s fastest growing major economy in the world in the last twelve years, Prime Minister Narendra Modi said during his Independence Day speech on Saturday.He also said that India has achieved this milestone despite being ranked…
Petrol export levy cut to nil, diesel and ATF duties retained The government has scrapped the export levy on petrol for the next fortnight while continuing to charge duties on diesel and aviation turbine fuel (ATF), according to a ministry of finance notification issued on Friday.The revised rates will take effect from August 15, with…
PM Modi said that nearly 99% of India’s coastal waters had earlier been classified as “no-go areas”. Prime Minister Narendra Modi on Saturday said India has opened up almost its entire coastal waters for exploration as part of efforts to identify new mineral reserves. PM Modi during his Independence Day speech said most of these…
PM Modi noted that semiconductor chips have become indispensable across sectors. Prime Minister Narendra Modi on Saturday said India has started production at three semiconductor manufacturing plants, adding that another seven to eight facilities are expected to become operational in the coming years.Speaking from the ramparts of the Red Fort during the 80th Independence Day…
PM Modi highlighted the expansion of the country’s piped natural gas network. Stressing on the need for energy security, PM Narendra Modi in his Independence Day speech said that due to the government’s measures there is no shortage of gas, fuel, and urea in the country today. His statement comes amidst the ongoing US-Iran conflict…
This is the third consecutive month when wholesale inflation has remained over 9% NEW DELHI: Driven by softer energy prices, wholesale price index (WPI) based factory gate inflation moderated to 9.8% in July from a 27-month high of 9.9% in June, official data showed. In comparison, WPI stood at -0.8% in July last year.This is…
