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Anthropic on Wednesday joined growing calls for the artificial intelligence industry to find ways to cushion people from the technology's disruptions, announcing an initial USD 200 million investment to research AI's impact on jobs and the economy. Alongside new policy proposals from the maker of the Claude chatbot, Anthropic CEO and co-founder Dario Amodei published an essay on his personal website that expanded on his position that the government should promise economic support for those financially impacted by AI. The technology could produce much larger disruptions to the labour market than previous technological advancements, Amodei wrote, and those disruptions could last longer. "The key challenge in such a world won't be incentivizing growth, but finding a way for everyone to share in the benefits," Amodei wrote. The announcement comes on the heels of Anthropic rival OpenAI on Monday outlining goals that included ensuring gains from the technology are "widely shared". OpenAI
Indian-origin technology leader Mangala Kuppa has been appointed the Chief Information Officer (CIO) of the US Department of Labour, formalising her role after serving in an acting capacity since October last year. Kuppa, who also serves as the department's Chief Artificial Intelligence Officer, was appointed earlier this month. She will continue to oversee information technology strategy, digital transformation and AI adoption across the agency. In a LinkedIn post confirming her appointment, Kuppa said she was "grateful for the opportunity to keep serving and making a difference". A seasoned technology executive with over 25 years of experience, Kuppa has played a key role in advancing the department's modernisation agenda, including development of enterprise AI strategy, expansion of data platforms and strengthening cybersecurity systems. She joined the Labour Department in 2010 and has since held several senior positions, including Chief Technology Officer and Director of Busine
Moody's Ratings on Tuesday said the reduction of the US tariff rate on most Indian goods is credit positive for labour-intensive sectors such as gems, jewellery, textiles and apparel, which are the top export sectors. India and the US have agreed to a trade deal under which Washington will bring down reciprocal tariff on Indian goods to 18 per cent from current 25 per cent, US President Donald Trump said on Monday after a phone conversation with Prime Minister Narendra Modi. Moody's in a statement said the trade deal will reinvigorate India's goods export growth to the US, which remains the country's largest goods export market, accounting for about 21 per cent of India's total goods exports for the first 11 months of 2025. "Lower tariff rate will also be credit positive for labour-intensive sectors such as gems, jewellery, textiles and apparel, which rank the top export sectors," it said. However, pharmaceuticals and consumer electronics, the other two major export sectors, had be