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US GOVERNMENT SHUTDOWN IMPACT
Apple to raise prices due to memory chip shortage, CEO Tim Cook says: ReportApple CEO Tim Cook announced plans to increase product prices due to soaring memory and storage chip costs, driven by AI demand. He stated ...- OpenAI chief tells G7 to 'not cede responsibilities' to AI giantsAt the G7 summit, OpenAI's Sam Altman implored global leaders to take charge of artificial intelligence regulation. He champions the idea t...
- 'Just look at him!' : Trump gushes over PM Modi's 'calm, cool, killer' persona ahead of bilateral meetingUS President Donald Trump once again showered accolades on Prime Minister Narendra Modi during their high-profile encounter at the G7 leade...
- US awards $500 million to Nvidia-backed SandboxAQ for finding new chipmaking materialsAmerica is investing heavily in its chip industry. The US government has given a massive $500 million to SandboxAQ. This company will devel...
- Starbucks Korea to shut 2,000 stores to teach history lessons to employeesStarbucks Korea is closing over 2,000 stores for mandatory history and social sensitivity training after a marketing campaign sparked outra...
- Companies need flexibility, choice as AI becomes a geopolitical issueIndia is one of the fastest growing markets for Databricks, and last year the firm announced a $250 million investment in India to ramp up ...
- Moscow oil refinery damaged in Ukrainian drone attack: Moscow Mayor Sergei SobyaninA Ukrainian drone struck a Gazpromneft oil refinery near Moscow. The facility sustained damage. No casualties were reported. Emergency serv...
- US closes probe into 2024 Delta Air Lines meltdown sparked by CrowdStrike outageThe Biden administration opened a probe into Delta following the CrowdStrike computer software outage, after other major carriers were ab...
- US-Iran peace deal brings relief, but India turns to a risk at homeIndia just got a near-term macroeconomic breather from a US-Iran peace deal. However, early monsoon weakness and potential El Niño conditio...
- America's shutdown of Anthropic's AI models is not a surprise. And India has seen it coming for 30 yearsThe US government's export control order on Anthropic's advanced AI models, blocking non-American nationals, highlights a long-standing Ind...
- Fable 5 shock puts sovereign AI back on India’s agendaUS export controls on advanced AI models have spurred India's call for sovereign AI development. Industry leaders warn against reliance on ...
- Question is affordability, whether other expenditure can benefit people more than freebies: CEA Nageswaran pitches for focused welfare interventionsNageswaran said the issue should be looked at sensibly rather than on an emotional plane and the question that needs to be asked is if it i...
- Project Glasswing melts: US government suspends early access to Anthropic's Fable 5, Mythos 5 within days of rolloutIndia's brief access to advanced AI models from Anthropic has ended. A US government directive halted local access to Mythos 5 and Fable 5....
- US orders shutdown of Anthropic’s Fable 5, Mythos 5 over security concernsThe US government has ordered Anthropic to halt access for foreign nationals to its Fable 5 and Mythos 5 artificial intelligence models. Th...
- Marc Andreessen critiques AI regulation debate after Anthropic model shutdownMarc Andreessen, a cofounder of Andreessen Horowitz, has voiced strong opinions on artificial intelligence regulation. His comments follow ...
- Oil Price Today (June 11): Crude oil rises over 2% as US strikes Iranian targets again. $100/bbl in sight?Oil prices surged over $2 a barrel after Iran announced the closure of the Strait of Hormuz, a critical shipping route, following U.S. stri...
- Google Cloud outage in India after third-party data centre fire triggers shutdownThe cloud-computing unit said the fire led to an emergency power shutdown at the facility, isolating a local point of presence in Delhi a...
- FOREX-Dollar steadies following US strikes on Iran and ahead of inflation dataThe dollar held steady as U.S. strikes on Iran followed a helicopter incident, though President Trump downplayed the event. Investors await...
- US House passes $70 billion bill to fund ICE, Border PatrolCongress has approved a 70 billion dollar funding bill for Immigration and Customs Enforcement and Border Patrol. The House passed the meas...
- Quote of the day by Ocean’s Eleven star George Clooney: ‘Shutting down the government is not how you make government work’ – hot take on effective governance, responsibility and democracyGeorge Clooney criticizes government shutdowns, stating they hinder effective governance and harm citizens. He emphasizes that elected offi...
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