Page 33 - Bloomberg/reuters

Meta debuts AI coding agent Muse Code in race with OpenAI and Anthropic

Chief executive Mark Zuckerberg unveiled a beta version of the software engineering assistant, intensifying competition with OpenAI and Anthropic in AI coding tools

Trump's proposed Golden Fleet could cost up to $275 billion: CBO

The Congressional Budget Office estimates the proposed fleet of 15 nuclear-powered battleships could become the most expensive US warship programme ever undertaken

Google shifts AI leadership to California in race against Anthropic, OpenAI

The company is consolidating its artificial intelligence leadership in Mountain View as it seeks faster decision-making and a stronger position in the race against OpenAI and Anthropic

OpenAI's models secretly joined forces months ahead of hacking Hugging Face

Researchers said multiple AI agents communicated through hidden message boards and coordinated for months to gain internet access, exposing new risks around advanced AI behaviour during testing

Meta AI model accessed internet, hacked outside firm during testing

The company said a testing misconfiguration gave its AI model internet access, allowing it to exploit a vulnerability in an external service during a cybersecurity evaluation

Trump calls Democrat El-Sayed 'man of hate' after Michigan primary victory

The US president accused Democratic Senate nominee Abdul El-Sayed of hating Jews and Israel, while the candidate rejected antisemitism and defended his positions on Gaza and US aid to Israel

LIC OFS ends with retail portion undersubscribed, institutions drive demand

Retail investors bid for only 69% of the shares reserved for them, even as institutional interest prompted the government to increase the offer size

AI goes rogue: OpenAI, Anthropic tests find more 'unsanctioned' actions

The UK AI Security Institute says OpenAI and Anthropic models carried out unsanctioned actions during testing, intensifying concerns over autonomous AI behaviour

SpaceX's shares fall, AI splurge puts damper on first earnings after IPO

SpaceX shares fell after the company disclosed a sharp rise in AI spending, overshadowing stronger-than-expected revenue in its first earnings report after listing

'Refrigerator for humans' in Japan offers relief from scorching summer

The Do Hiemon Box, which keeps the temperature at a brisk 15C and blows jets of 5C air once someone sits inside, is designed to offer quick relief from potential heat exhaustion or heatstroke

SpaceX eyes AT&T, Verizon, T-Mobile customers with mobile service

The three biggest operators - AT&T Inc., Verizon Communications Inc. and T-Mobile US Inc. - generate hundreds of billions of revenue per year, SpaceX President said

Hormuz Strait deal with Iran may happen in next two days: Bessent

Bessent said, "We're in talks with the Iranians and I think there is a chance we may have a deal today or tomorrow to open the strait."

Apple's India annual sales cross $10 billion on widening retail push

Revenue grew at double-digit percentage rate in the 12 months through March from about $9 billion a year earlier

Nvidia may face physical limits in chip scaling: Huawei's top scientist

Huawei's top semiconductor scientist said the industry's long-standing approach of building ever-larger, denser chips is nearing its physical limits

China's AI advance creates 'death zone' for rival US model makers

A wave of advanced AI models from Alibaba, Moonshot, ByteDance, DeepSeek and Z.ai is rapidly closing the technology gap with US rivals while intensifying competition on price and performance

Asia's energy-starved nations go dark as Hormuz strait tensions drag on

The cost of gasoline in the Southeast Asian nation climbed more than 40% after US strikes on Iran in February disrupted energy supplies through the Strait of Hormuz

Apple's new CEO taps retired hardware executive for management team

CEO-designate John Ternus has rehired former hardware engineering vice president Laura Legros as he begins reshaping Apple's leadership ahead of taking charge next month

Tata Group's battery unit turns to own tech for making lithium cells

The closely held Agratas Energy Storage Solutions Pvt. is building a pilot production line of lithium iron phosphate, or LFP, cells at its upcoming battery factory in Sanand, Gujarat

RBI likely to keep rates unchanged as inflation risks stay in focus

The central bank's six-member Monetary Policy Committee, headed by Governor Sanjay Malhotra, is expected to leave the repurchase rate unchanged at 5.25%

Solar energy's boom in Europe is reaching places once deemed too dark

Across the Nordic region, for the first time, investors and utilities added more new solar capacity than wind in 2025, a lead expected to continue this year