Shares of Infosys, the country’s second-largest software maker, are on track to post their worst monthly performance in over a decade amid investor concerns over disruptions linked to artificial intelligence. The sell-off is not limited to Infosys; other tech majors have also seen their stocks melt heavily on exchanges, erasing billions from their market value….
AI company Anthropic on Thursday rejected the Pentagon’s latest offer to settle a standoff over conditions that Trump’s Department of War has sought from the company in order for it to keep working with the government. Anthropic said it will not give the US Defense Department unrestricted use of its Claude AI despite threats from…
Pentagon officials on Wednesday night sent Anthropic their “best and final offer” in negotiations over the military’s use of the company’s artificial intelligence technology, CBS News has reported citing to sources familiar with the discussions. The news outlet stated it was not immediately clear whether the new proposal substantially altered the government’s prior demands, or…
Shares of Intuit Inc. (INTU) climbed more than 2% on Thursday as investors anticipated the global fintech platform’s second quarter earnings release, scheduled for after the market close. Analysts largely expect the results to demonstrate year-over-year growth in both revenue and earnings per share (EPS). This positive sentiment follows a robust performance in the first…
Salesforce shares are likely to open Thursday’s session lower on Wall Street, as they traded 4% lower in pre-market trade at $183.79 on the NYSE after the cloud software provider gave a lukewarm outlook for sales growth in the new fiscal year, fueling investors’ worries that the software giant could lose out to new competitors…
Concerns that emerging artificial intelligence tools might displace major IT services providers are “overblown” because organizations still require professional assistance to implement and scale these technologies, Babak Hodjat, Cognizant’s chief AI officer, stated in a reuters interview. The rise of automated tools from startups like Anthropic has sparked anxiety regarding potential disruption to the business…
Pentagon and Anthropic are locked in an unusual controversy as Defense Secretary Pete Hegseth has warned the AI company that it will remove it from his agency’s supply chain if it did not meet certain demands. The Pentagon has already reportedly taken the first step to blacklist Anthropic as it tapped its defense contractors to…
The Pentagon has reportedly asked Boeing and Lockheed Martin to assess their reliance on Anthropic’s AI model, Claude — an early move that could pave the way for formally designating the firm a “supply chain risk”, reports Axios. Such a designation in US is typically reserved for companies linked to adversarial states. Applying it to…
Defense Secretary Pete Hegseth has reportedly given Anthropic chief executive Dario Amodei until Friday (27 February) evening to grant the US military unfettered access to its flagship AI model, Claude, or face severe consequences, according to a report by axios. The ultimatum, delivered during what the Axios report stated citing officials in the know described…
US defense secretary Pete Hegseth has issued a stark ultimatum to Anthropic, warning the AI company it faces exclusion from the Pentagon’s supply chain unless it agrees by Friday to permit its technology to be used in “all lawful military applications.” According to the Financial Times, Hegseth summoned Anthropic chief Dario Amodei to the Pentagon…
