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Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion

7+ hour, 40+ min ago   (264+ words) business-standard.com Oracle said on Saturday that its co-founder and executive ​chairman 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…...

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No IPO in 2026, firm to prioritise safety, says OpenAI CEO Sam Altman

9+ hour, 30+ min ago   (387+ words) Altman said this year would be an 'ill-advised moment' for initial public offering and that a listing won't take place until next year By María Paula Mijares Torres and Se Young Lee OpenAI won’t go public in this year…...

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Anthropic CEO Amodei sounds alarm, urges slowdown in AI development

19+ hour, 4+ min ago   (367+ words) Anthropic CEO Dario Amodei has urged a slowdown in AI development, warning that rapid advances could outpace efforts to keep AI systems safe. Elon Musk backed his call Anthropic CEO Dario Amodei has called for a slower pace of artificial…...

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OpenAI open to slowing cutting-edge AI, CEO Sam Altman tells staff

2+ day, 8+ hour ago   (384+ words) Business Standard By Shirin Ghaffary and Rachel Metz OpenAI is considering slowing down the development of cutting-edge artificial intelligence, and the ChatGPT maker’s Chief Executive Officer Sam Altman is hoping other AI companies will do the same In a…...

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Wipro's AI push deliver productivity gains equal to 20,000 workers: CTO | Company News

2+ day, 9+ hour ago   (367+ words) Wipro's AI initiatives have increased productivity equivalent to the output of 20,000 employees, who have since been redeployed within ​the Indian IT firm, its chief technology officer said. The comments ​come as India's $315 billion software services industry grapples with adoption of…...

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Pocket Entertainment crosses $500 mn ARR as business grows 70%

3+ day, 7+ hour ago   (287+ words) Business Standard Pocket Entertainment, the parent company of Pocket FM and Pocket Saga, has surpassed $500 million in annual recurring revenue (ARR), growing 70 per cent year-on-year, the company said in a release This was driven by the global growth of Pocket…...

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US senators call for AI rules after Anthropic researchers' safety warnings

2+ day, 17+ hour ago   (212+ words) OpenAI bats for safety rules OpenAI said it was pushing for mandatory national AI safety requirements in the US. A Republican-led Senate sub-committee responsible for disaster-management oversight is examining OpenAI’s response to the July Hugging Face breach, amid increasing…...

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Anthropic gives EU access to Mythos months after model's release | World News

2+ day, 18+ hour ago   (247+ words) Anthropic gives EU access to Mythos months after model's release Business Standard Anthropic PBC has handed the European Union's cybersecurity agency access to its powerful Mythos artificial intelligence model, more than three months after first signaling the bloc would be…...

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Graph AI raises $13.3 million in Series A round to fuel global expansion

2+ day, 20+ hour ago   (266+ words) Insight Partners leads funding round, with Bessemer Venture Partners participating; company plans to accelerate expansion across the United States and Europe Graph AI, which has developed the AI-native pharmacovigilance platform Graph Safety, on Thursday announced a $13.3 million Series A funding…...

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Axis Bank's AI push signals slower hiring ahead as it scales up business

3+ day, 8+ hour ago   (281+ words) The lender opened about 400 branches in FY26 even as its net headcount fell 3%, with CEO Amitabh Chaudhry expecting technology investments to support further growth without similar staff expansion By Siddhi Nayak and Haslinda Amin Axis Bank Ltd expects investments in AI…...