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Subscribe to enjoy similar stories. Cognitive scientist, author and entrepreneur Gary Marcus was an early and vocal critic of large language models, arguing their limitations were far greater than many people thought. Lately, he has been making the case that LLMs are far riskier, too—and must be regulated.

Subscribe to enjoy similar stories. India-China trade data for 2023 reveals a widening discrepancy, with India's reported imports from China falling significantly short of China's export figures, raising concerns over potential anomalies such as under-invoicing, misclassification, and inconsistent reporting practices.

Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen

Jim Corbett National Park in Uttarakhand. Justices B R Gavai and K V Viswanathan said the central empowered committee (CEC), which has recommended against the plying of private buses on the Pakhro-Moreghatti-Kalagarh-Ramnagar Forest road, should also think about the people residing there. «You (CEC) have to take a very balanced view. You can't think only about the animals. You also have to think a bit about human beings also,» the bench said. The top court was hearing a petition against the national park's decision to allow a privately operated buses to ply within the core area of the tiger reserve.

Subscribe to enjoy similar stories. SoftBank Group is starting a tender offer to buy shares worth $1.5 billion in OpenAI from employees of the startup behind ChatGPT, a person familiar with the matter said.

Goldman Sachs expects gold prices to jump to $3150 per troy ounce, an increase of 19 per cent from the current level, if concerns over US fiscal sustainability grow. The yellow metal acts as a good hedge against inflation and rising geopolitical tension. Gold was trading at $2647 per troy ounce on Tuesday in the international market and at Rs 76,470per 10 gm in the domestic market. Rising fears of inflation and fiscal risks could drive speculative positioning and ETF flows higher, while US debt sustainability concerns may push central banks, especially those holding large US Treasury reserves, to buy more gold. A Goldman Sachs report on commodity outlook for 2025 released today says that the unusually wide range of potential US policy shifts in 2025 strengthens the diversifying role of commodities in portfolios. In particular, long positions in gold and oil positions can act as critical inflation and geopolitical hedges in tail scenarios, including tariff escalation, geopolitical oil supply disruptions, and debt fears.

Vodafone Idea (Vi) will be the main beneficiary of the bank guarantees (BG) waiver cleared by the Cabinet, and the move will hasten the telco’s pending Rs 25,000 crore debt raise, analysts said. Earlier this month, Vi’s CEO Akshaya Moondra had said that the telco’s lenders wanted clarity from the government on any potential relief on the company’s substantial AGR (adjusted gross revenue) dues as well as prospects of a waiver of BGs before lending. “Vi is the biggest beneficiary of the reported BG waiver. One impediment to the debt raise is now behind,” Axis Capital said in a research note seen by ET.

Databricks is in talks to raise up to $8 billion from investors that would value the data analytics company at $55 billion, in one of the largest fundraises in Silicon Valley, according to a source familiar with the matter. Most of the new funding would be in the form of a secondary share sale, where early investors and employees are allowed to cash out some of their stock holdings, the source said. It would also be used to cover the tax cost associated with the share sales, which could cost billions. Such deals can boost employee morale, since stock-based payouts typically comprise a big chunk of the compensation at startups, while allowing the company to sidestep an initial public offering under a deadline before the stock unit expires.

Design and display: In terms of design, the iPhone 17 Air is expected to be the slimmest iPhone model with just 6mm of thickness. However, note that with a slimmer profile, the company may have to go through several compromises. On the other hand, the Galaxy S25 slim dimensions are still unknown, however, rumours suggest that it may fall between 7.2mm to 7.5mm in thickness.

Indian companies, as 91 per cent companies are planning to reduce their tax and finance budgets, reflecting the impact of financial strain on corporate operations, said a EY report. The survey by the professional services firm highlights that cost pressures are the top concern of the companies for the first time, with inflation and cost-cutting eroding tax and finance budgets. At the same time, the survey highlights that tax functions face an increasing urgency to manage more complex and data-heavy tax responsibilities. New reporting requirements like BEPS 2.0's Pillar Two rules, are expected to have a significant bearing on the burden of tax and finance functions, it added.

Subscribe to enjoy similar stories. Internal audit has evolved significantly over the decades as a business process, transitioning from being just a compliance-driven function to a strategic partner focused on managing risks, enhancing governance and improving business efficiency. In recent years, advancements in technology, particularly artificial intelligence (AI), have been crucial in transforming the internal audit (IA) landscape.

CBRE. Currently, Chennai accounts for 11% of India's GCC workforce and benefits from supportive initiatives such as the Tamil Nadu Startup and Innovation Policy 2023 and the R&D Policy 2022. Some of the large GCCs who started operation in Chennai this year includes AstraZeneca, Addidas and Caterpillar. “As the world embraces digital transformation, Global Capability Centers (GCCs) have emerged as strategic drivers of India's exponential growth. Initially attracted by cost advantages, GCCs in India now leverage the country's deep pool of skilled talent and vibrant startup ecosystem.Tamil Nadu presents a compelling proposition for businesses seeking to establish or expand their global operations. The state, with its attractive policy incentives, strong talent pool, robust corporate ecosystem, and abundant quality office space, has solidified its position as a preferred destination for these GCCs.,” said Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE.

Indian Oil Corporation Ltd. traded 0.21 per cent up at Rs 136.70 at around 01:31PM (IST) on Wednesday. The stock had closed at Rs 137.00 in the previous session. Equity benchmark Sensex traded 364.35 points at 80368.41 around the same time.

Bank of Baroda 0.24 per cent to Rs 248.00 in Wednesday's trade as of 01:42PM (IST). The stock hit a high price of Rs 249.75 and low of Rs 244.65 during the session. The return on equity (ROE) for the stock stood at 15.67 per cent. Traded volume on the counter stood at 01:42PM shares and turnover at Rs 6.59 crore around that time. The stock of Bank of Baroda quoted a 52-week high price of Rs 298.45 and 52-week low prices of Rs 193.00, respectively.

Subscribe to enjoy similar stories. Elections in India have become a trial by fire for pollsters. The ones who get it right are celebrated for their prescience.

Subscribe to enjoy similar stories. Niva Bupa Health Insurance Co. Ltd’s first earnings post listing show its performance is significantly better than that of the Indian health insurance industry in the first half of FY25 (H1FY25).

Ven Ajahn Siripanyo, the only son of Malaysian billionaire Ananda Krishnan, renounced his claim to a $5 billion empire to embrace a monastic life. Ananda Krishnan, one of Malaysia’s wealthiest individuals, owns a business empire spanning telecom, satellites, oil, real estate, and media.

Anand Rathi has a buy call on Astral with a target price of Rs 2,666. The current market price of Astral is Rs 1,805. Astral, incorporated in 1996, is a Mid Cap company with a market cap of Rs 48387.78 crore, operating in the Plastics sector. Astral's key products/revenue segments include Plastic Products and Other Operating Revenue for the year ending 31-Mar-2024.

Vodafone Idea topped the list of India Inc's largest loss-making company in Q2 with a loss of Rs 7,176 crore. NBFC Sammaan Capital, which was earlier known as Indiabulls Housing Finance, reported the second largest loss pile of Rs 2,761 crore. PSU fuel retailer Indian Oil's Q2 loss was also more than Rs 1,100 crore.

privacy of mobile users amid ambiguity around the nature of consumer data that can be sought by the Centre, senior telecom executives and legal experts said. They added that the new rules could also throw up implementation challenges as the mandated six-hour timeline to report cybersecurity incidents to the government is a fraction of the time allowed under comparable laws in the US and the European Union (EU). Leading corporate lawyers, who work closely with India’s top telcos, have flagged concerns around the privacy of consumers of mobile services, saying the notified cybersecurity rules—which empower the government to demand traffic data from telcos—have neither defined ‘traffic data’ nor specified any limitation on the duration for which such data can be stored. This ambiguity in the new rules, they warned, potentially allows private consumer data to be retained indefinitely without any legal or procedural constraints.

Federal investigators in New York have requested records from the manufacturer of an AI-powered weapons scanner that was briefly deployed in New York City’s subway system