ARTIFICIAL INTELLIGENCE
Amazon completes $50 billion OpenAI investement as ChatGPT maker nears IPO
The investment completes one of the biggest funding deals in the artificial intelligence (AI) sector, giving Amazon a roughly 5% stake in OpenAI ahead of the ChatGPT maker's planned public listing, the Financial Times reported.
Taiwan's economy grows by almost 13% on AI demand
Taiwan's exports surged 21.6% year-on-year in the second quarter, which was "mainly driven by the sustained strong external demand for artificial intelligence (AI) and related evolving applications", the statement said. Imports over the same period grew by 18.3% from a year ago.
Meet 14-year-old San Diego student Sharvi Mahajan, whose AI system can detect driver fatigue before accidents happen & who is now competing for $25,000 science prize
Sharvi Mahajan, a 14-year-old Indian-American student, is a finalist in the 2026 3M Young Scientist Challenge. She developed an AI system using EEG to detect driver fatigue before accidents occur. This innovative technology monitors brain activity for early signs of sleepiness. Sharvi aims to refine her project and make a significant real-world impact. She aspires to a career combining neuroscience and artificial intelligence.
Peter Lynch does not like the AI trade; here's why he says 'Know what you own'
Analysts soon began sounding the alarm over the massive AI spending and rising debt of the tech giants, questioning if they will actually bear fruit in the future. The worries sparked a sharp selloff in the tech stocks.
Fireflies.ai joins Rotterdam Dockers as founding investor ahead of inaugural ETPL
AI productivity platform Fireflies.ai and its founder-CEO Krish Ramineni have joined Rotterdam Dockers as founding investors ahead of the inaugural European T20 Premier League (ETPL). Ramineni joins an ownership group that includes Jonty Rhodes, Faf du Plessis, Heinrich Klaasen, John Abraham and Madhukar Shree.
From operational efficiency to intelligent decision-making: AI's new role for COOs
Chief Operating Officers now leverage artificial intelligence for enhanced operational efficiency. AI solutions analyze vast data, predicting outcomes and recommending proactive actions. This technology provides unified enterprise visibility and real-time disruption response. Intelligent automation enables businesses to scale efficiently and reduce operational costs. The ET Most Innovative AI Product Awards 2026 recognize these impactful AI solutions.
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Why high-conviction investor Cathie Wood bought Nvidia after it erased billions from May high
Cathie Wood's Ark Invest bought nearly 79,000 Nvidia shares worth about $15.5 million after the AI chipmaker's recent selloff, reaffirming confidence in the stock despite its recent decline and mixed performance of Ark's flagship fund.
Global Market: Chinese tech stocks surge as AI optimism returns, policy support lifts markets
Chinese technology stocks rallied sharply on Friday, mirroring global markets. Investors regained confidence as the artificial intelligence sell-off appeared to ease. Policy support for innovation boosted sentiment, though major indexes faced steep monthly declines. Factory activity unexpectedly slipped into contraction, reflecting weaker domestic demand. Trade discussions continued as leaders prepare for a potential September meeting.
South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks
South Korea's Kospi index saw a significant jump, mirroring Wall Street's positive performance. AI-related stocks experienced a strong rebound after recent declines earlier in the week. Japanese markets also climbed, with technology and investment firms showing gains. Oil prices increased due to ongoing tensions and a closed key shipping route. Major US indices closed higher on Thursday, indicating a positive market sentiment.
Goldman Sachs Asset Management launches AI investment platform: Report
Goldman Sachs Asset Management has launched AlphaAI, an artificial intelligence investment platform. Lou D'Ambrosio will lead this new platform as chairman of Artificial Intelligence. This platform aims to generate returns from the rapidly evolving AI technology space.
Yash Raj Films, Google to host AI filmmaking workshop for creative community
Yash Raj Films teams up with Google to conduct an AI filmmaking workshop targeted at creators. This event is designed to equip filmmakers with essential knowledge of artificial intelligence creative tools. Participants will gain practical experience utilizing Google's Flow creative studio while preserving their artistic integrity during the filmmaking process. This venture looks to push the boundaries of storytelling and expand the horizons of Indian cinema.
Global chip rout: How should investors play India's AI trade that gave up to 400% returns this year?
Global AI stocks face a sharp selloff, impacting Indian investor strategies. Indian markets focus on infrastructure like data centers and power equipment. Analysts suggest a balanced approach, avoiding panic exits from AI-linked trades. Investors should prioritize quality companies with strong fundamentals and clear execution. Valuation resets offer opportunities for disciplined, long-term investment in the AI theme.
India needs more AI champions, says Paytm's Vijay Shekhar Sharma
Paytm CEO Vijay Shekhar Sharma emphasized the need for more AI champions in India. He stated that artificial intelligence is crucial for the nation's future development. Sharma urged greater investment and capability building in emerging technologies. Businesses should focus on creating future technologies instead of existing models. This approach will help build India's long-term economic development and nationhood.
Vishal Sikka bets on 'AI surfing' with Hang Ten, raises $32 million to help enterprises ride the wave
Hang Ten Systems, a new enterprise AI startup, has secured significant seed funding. The company aims to guide businesses in leveraging artificial intelligence for transformation. It will expand its engineering team and strengthen its AI platform capabilities. Hang Ten will advise chief executives on AI strategy and implementation across various functions. This initiative seeks to bridge the gap between AI potential and enterprise adoption.
JanAI shares roadmap to prepare India’s higher education system for an AI-driven economy
JanAI shared a draft report with NITI Aayog on preparing India's higher education for AI. The report examines shifts in higher education and generative AI adoption among students. It highlights gaps in assessment, faculty preparedness, and industry alignment for students. Recommendations include curriculum reforms and national AI capability frameworks for institutions. The initiative emphasizes strengthening human capabilities alongside technology adoption for future readiness.
Global Market: China stocks slip as AI-linked selloff deepens; Hong Kong gains on internet shares
Chinese stocks fell Wednesday as artificial intelligence shares faced selling pressure. Hong Kong shares outperformed, driven by strong gains in internet platform companies. Investors shifted funds away from technology hardware into traditional sectors like real estate. New United States trade restrictions targeting Chinese robots also weighed on sentiment. This rotation reflects reassessment of artificial intelligence investment returns and geopolitical concerns.
Apple crosses $5 trillion market cap on Tuesday trading, becomes second company to achieve milestone
Apple briefly crossed the $ 5 trillion market capitalization mark on Tuesday. The company reclaimed its position as the world's most valuable publicly traded entity. This development occurred just a day after overtaking Nvidia in market valuation. Apple's stock has seen significant gains this year, driven by product ecosystem optimism. Nvidia remains the only other company to have achieved this valuation milestone.
Coursera backs cofounder Andrew Ng's new AI education firm with $100 million investment
Coursera cofounder Andrew Ng said he founded LearnVector because he thinks the popular belief that artificial intelligence will replace workers is misguided and white-collar workers simply need to learn new skills that keep them essential as AI automates more tasks.
AI rejecting your job applications? Here's how to beat algo and make your resume ATS-friendly in under 15 minutes
Many job applications are now filtered by AI and Applicant Tracking Systems. Understanding these systems is crucial for job seekers today. Simple resume adjustments can significantly improve your chances of being seen. Using free AI tools helps identify essential keywords for your application. Tailoring your resume for each job application is a key strategy.
Global Market | AI boom could complicate central banks’ inflation assessment, monetary policy decisions: BIS
Artificial intelligence complicates economic assessments for central banks globally. The technology simultaneously boosts demand and expands future supply potential. Policymakers face an unusually complex environment as AI impacts investment and trade. Distinguishing AI-driven growth from overheating economies presents a key challenge. Monetary policy misjudgements risk increasing as economies adjust to AI expansion.
$600 billion wiped out in a month, cracks exposed in SK Hynix chips
SK Hynix shares have seen a significant decline recently. Concerns about market overcrowding and leverage have impacted the stock. Recent reports on Chinese progress fueled further worries about capacity. Despite expected record earnings, investors are becoming cautious about memory chip prices. The company's stock still shows strong annual gains due to its AI leadership.
Trump administration bans new Chinese humanoid robots, to protect US AI buildout
The United States has banned new Chinese robots and power inverters. These measures aim to protect national security and reshore key industries. The Federal Communications Commission announced these import restrictions on Tuesday. China urges the United States to stop threatening its companies with sanctions. Beijing will take necessary measures if its interests are harmed.
Sam Altman eyes South Korea as testbed for OpenAI's first hardware device
OpenAI's CEO is keen to test its inaugural hardware in South Korea, aimed for release by the first quarter of next year. This innovative screenless smart speaker is designed to be a versatile, mobile AI assistant for households. However, potential legal hurdles and trademark challenges could affect its launch. With South Korea's robust infrastructure and quick adoption of new tech, the market is ripe for such advancements.
Global Market: Samsung, SK Hynix plunge up to 11% as investors reassess AI chip boom
South Korean chip stocks experienced sharp declines on Tuesday. Major companies like Samsung Electronics and SK Hynix saw significant drops. Investors scaled back artificial intelligence-related bets due to spending sustainability worries. Concerns over China's semiconductor advancements also fueled market unease. This selloff reflects a broader reassessment of AI valuations and future demand.
CXMT's 466% listing pop makes it China's most valuable firm
CXMT Corp shares surged 466 percent on their Shanghai trading debut. This IPO became Asia's largest this year, boosting the chipmaker's valuation. The company is now China's most valuable listed firm, surpassing a major bank. Investor interest stems from exposure to the current memory supercycle. This strong performance occurred despite recent global tech stock selloffs.
Orange, Morrison plan French data centre venture to meet AI demand
The 50-50 venture would target 400 megawatts of capacity, nearly 10 times Orange's current level, and would be supported by a €3 billion ($3.41 billion) investment programme combining Orange assets, Morrison funding and debt.
Karnataka: RuralShores & Sathya Sai varsity launch AI skilling centre to connect village youth with global tech jobs
Karnataka Chief Secretary inaugurated a new rural artificial intelligence skill center. This initiative aims to equip young people with essential technology skills. The center will provide training in generative AI and industry exposure. It seeks to create technology-led employment opportunities within villages. This program will help rural youth compete globally without migrating to cities.
AI in Modern Surgery: How artificial intelligence is improving surgical precision
Surgical robotics is transforming healthcare AI, equipping surgeons with greater precision and control to perform very delicate procedures. When AI products move from software to clinical practice, innovation is judged more and more on safety, reliability and measurable impact. These breakthroughs in healthcare and 15 other categories are recognised by the ET Most Innovative AI Product Awards 2026.
Spiritual intelligence vs Artificial intelligence
Artificial intelligence draws strength from interconnected neural networks, mirroring human society's need for connection. Individuals and nations thrive through trust and cooperation, while isolation breeds instability. As machines grow more intelligent, spiritual intelligence becomes indispensable for guiding progress. This intelligence fosters awareness, empathy, and responsibility in our actions. Human consciousness will ultimately direct the future shaped by advanced technologies.
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