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The new facility will connect Target’s 5,700+ employees across its operations in the city.
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Srinivasulu will oversee AI security, risk advisory, and cybersecurity and work across leadership teams at Persistent Systems.
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The shift is not simply about fewer technology jobs. It is about what companies are willing to pay for, whom they want to hire, and where that talent can sit.
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Google is reportedly testing a new way for buyers in India to shop from Flipkart directly through Gemini and AI Mode. The trial lets some users purchase selected Flipkart products from within Google's AI interfaces instead of visiting Flipkart separately. The option currently covers a limited range of products and users, with smartphones, electronics and mobile accessories among the items involved. Google is expected to expand the feature in October, ahead of India's festive shopping period, as AI platforms move further into online commerce.
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The Series C round values the company at $1.45 billion as it expands into robotics, automotive and drones.
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Scaling data volumes and sovereignty rules are pushing India's enterprises, GCCs, startups, and government toward a hybrid, increasingly on-prem AI infrastructure model.
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GPT-6.1 Astra performed worse than its predecessor in terms of accurately communicating what the model has done and following the boundaries set by users.
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Anthropic spent $7.33 billion on computing and infrastructure during the year, about 3x its 2024 spending and more than half of its total operating expenses.
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NVIDIA’s latest addition to its share buyback programme takes the total authorisation to $235 billion.
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This comes after PM Anthony Albanese subsequently expressed “extreme concern” to OpenAI CEO Sam Altman and criticised the company for taking “way too long” to notify Australian authorities.
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The new model costs $2 per million input tokens and $10 per million output tokens, while Anthropic says it requires fewer tokens to complete the same tasks.
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Anthropic devoted nearly a third of its hotly anticipated IPO prospectus to risk factors,according to the Financial Times, which says it has reviewed the filing in recent days. The filing details specific, worrisome behaviors that Anthropic says its models have already shown or could show, including attempts to “resist shutdown,” to “conceal or manipulate information,” and behavior “resembling blackmail,”according to Reuters. The disclosures are decidedly grim for a company whose own backers believe it could list above $2 trillion, more than double its $965 billion valuation from May, in potentially the biggest IPO ever. It’s a strange position for any company to be in — warning that its product could end humanity, while making some of its earliest investors and employees extraordinarily wealthy in the process. Reuters wasfirst to reporton the financial details within the prospectus on Monday, saying Anthropic recorded an operating loss of more than $8 billion in 2025 as spending on computing power surged, and that its revenue jumped twelvefold to nearly $4.6 billion, though rising infrastructure costs last year pushed total operating expenses to almost $13 billion. Also per Reuters, Anthropic’s prospectus further reveals plans to spend a whopping $518 billion on cloud, computing and infrastructure in the coming years. (Anthropic has already inked compute deals this year withGoogle,SpaceX, andNscale, among others toward that end.) The FT meanwhile reports that Anthropic’s numbers have moved even faster in 2026. Its second-quarter revenue alone reached $11.5 billion, and the company is on track for its second straight quarter of operating profit on an adjusted basis. According to the FT, the prospectus also flagged customer concentration, with nearly a quarter of last year’s revenue coming from just two clients. (No word yet on who these are.) The disclosures, which reportedly include “existential risks to humanity” — a first, judging by a quick scan of the SEC’s database — comes as hand-wringing quickly grows over AI safety. CEO Dario Amodei has spent the month publicly calling to “pace the frontier” of AI development, telling the UN Security Council last week that AI couldthreaten humankindand calling it “the most important global security issue facing the world today.” Rivals Sam Altman and Elon Musk have backed him up, too, in a rare moment of solidarity for competitors who’ve seemingly relished opportunities to disparage each other publicly. Another rival, Mark Zuckerberg, has meanwhileswatted away concerns, telling NBC News last week that he doesn’t “think that we need some kind of industrywide coordination.” The warnings follow a string of security incidents in which AI agents have breached outside systems. In fact, OpenAI disclosed last week that its tools have hacked “dozens” of external sites, including government one, includingthe SEC’s site itself. Earlier on Monday, it said it hadscrapped plansto release its newest model owing to safety concerns.
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