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US Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell called the heads of America’s biggest banks to an urgent, short-notice meeting at the Treasury Department on Tuesday. The agenda wasn’t interest rates or tariffs—it was Anthropic’s newest AI model and the cybersecurity risks it poses to the financial system.The CEOs of Bank of…
In a span of just a month, BSE Sensex is down over 9,300 points or 11.48%! (AI image) Blood bath on Dalal Street, foreign investors’ exodus, mass selloff, several lakh crore of investors’ wealth wiped out – these are the headlines that have dominated financial news this month. The US-Israel-Iran war has dealt a massive…
Image credit: X (Twitter) Cognizant‘s chief AI officer, Babak Hodjat, has described concerns that artificial intelligence will disrupt IT services companies as “overblown.” This comes after Anthropic’s Claude AI tools wiped out more than a trillion dollars from the stock market. Speaking to Reuters, Hodjat said enterprises still require significant support to deploy, integrate, and…
The global cryptocurrency market has lost significant ground after reaching a record high earlier this month, with traders pulling back amid fears of deeper losses.At its October 6 peak, the total market capitalisation of all cryptocurrencies hit nearly $4.4 trillion. However, a 20% slump since then has erased most of this year’s gains, leaving the…
