Esteban Tesson

AI-driven cyberattacks now exceed ID theft, Verizon says

Security breaches exploited via artificial intelligence became the leading cause of data violations last year, overtaking ID theft, according to Verizon's annual cybersecurity report. The US carrier stated it analyzed over 31,000 incidents and estimates that 31% of breaches originated from the exploitation of vulnerabilities in an environment increasingly shaped by the rise of AI. Verizon specifically warned of cybercriminals' ability to leverage AI to significantly accelerate the exploitation of known flaws.

May 20, 2026 at 12:29 am IST

Andrej Karpathy joins Anthropic in the artificial intelligence race

Andrej Karpathy, former head of AI at Tesla and co-founder of OpenAI, has announced he is joining Anthropic, bolstering the creator of Claude in the global competition for advanced AI models. A renowned figure in the industry, Karpathy explained his desire to completely return to research and development at what he considers a decisive moment for the development of large language models. His recruitment represents a significant boost for Anthropic as it faces off against rivals like OpenAI.

May 19, 2026 at 11:48 pm IST

Workday scales up presence in India to accelerate AI push

Workday plans to rapidly expand its Indian workforce to support growing investments in artificial intelligence and the opening of new offices across the country. The US-based HR and enterprise management software provider, which already operates in Mumbai and two other Indian cities, is now set to establish a presence in Delhi and Bangalore. The group's headcount in India has more than doubled in just over a year, reaching around 1,300 employees.

May 19, 2026 at 08:13 pm IST

Microsoft bolsters India footprint with massive AI data center project

Microsoft plans to commission its largest data center in India by mid-2026 to meet surging demand for its artificial intelligence services. Puneet Chandok, President of Microsoft India & South Asia, cited "massive demand" for the Azure cloud platform and Copilot 365, the group's commercial AI assistant. Alongside Alphabet and Amazon, Microsoft views India as a strategic market, driven by its vast connected population and significant pool of tech talent.

May 19, 2026 at 07:53 pm IST

Memory stocks hit by production capacity concerns

Memory chipmakers shares tumbled following cautious remarks from Seagate's CEO regarding industry production capacity amid the AI-driven demand surge. Seagate shares plunged over 10%, dragging down Micron (-8%), SanDisk (-9%), and Western Digital (-8%). Investors are increasingly concerned about the industry's ability to keep pace with the growing requirements of AI-dedicated data centers.

May 19, 2026 at 10:19 am IST

US Court Rejects Elon Musk's Claims Against OpenAI

A US federal jury has ruled in favor of OpenAI in the lawsuit brought by Elon Musk, finding that the company was not liable for allegations that it abandoned its original mission to serve humanity. The decision, handed down in Oakland, California, concluded that Musk had filed his legal action too late. Jurors deliberated for less than two hours before returning a unanimous verdict. Musk's attorney said that an appeal is under consideration.

May 19, 2026 at 10:15 am IST

Regeneron hit by advanced melanoma treatment failing trial

Regeneron shares tumbled 10% in early Wall Street trading on Monday, following the failure of its experimental advanced melanoma treatment in a Phase III clinical trial. The US pharmaceutical company announced that the combination of fianlimab and cemiplimab failed to meet the study's primary endpoint of improving progression-free survival, the duration during which the disease does not worsen.

May 18, 2026 at 08:17 pm IST

UnitedHealth under pressure following Berkshire Hathaway's full exit

UnitedHealth shares fell more than 1.5% on Monday after Berkshire Hathaway announced that it has liquidated its entire stake in the US health insurance giant. The move comes as part of a portfolio reshuffle overseen by Greg Abel during Q1. Last year, Berkshire Hathaway acquired 5 million UnitedHealth shares, in a move that bolstered the stock and heightened expectations for the group's turnaround under Stephen Hemsley's leadership.

May 18, 2026 at 08:14 pm IST

Kevin Warsh takes the helm of the Fed amid heightened economic tensions

On Wednesday Kevin Warsh was confirmed as Chairman of the US Federal Reserve by the Senate, which approved his nomination by a 54-45 vote. This represents the narrowest margin in modern history for a Fed Chair. At 56, Warsh will officially succeed Jerome Powell on Friday, who has held the position since 2018. Powell will, however, remain a member of the Board of Governors until 2028, notably to oversee the completion of the investigation into the renovation work at the central bank's headquarters.

May 14, 2026 at 11:21 am IST

Cisco buoyed by surge in AI-related orders

Cisco reported quarterly results and guidance that topped Wall Street expectations, driven by a sharp acceleration in orders for artificial intelligence infrastructure. The US group posted revenue of $15.84bn for the quarter ended April 25, compared with $15.56bn expected by analysts according to LSEG. Adjusted EPS reached $1.06, also beating forecasts. Following the release, the stock jumped 15% in after-hours trading.

May 14, 2026 at 10:30 am IST

Tower Semiconductor lifted by AI chip demand and photonics contracts

Tower Semiconductor has raised its Q2 revenue guidance and announced contracts totaling $1.3bn related to chips for artificial intelligence data centers. The announcement propelled the Israeli foundry's stock up over 12% on Wall Street. The group is benefiting from robust demand for its analog and mixed-signal processors, driven by massive investments in data infrastructure and AI.

May 13, 2026 at 10:14 pm IST

Nebius buoyed by surging demand for AI infrastructure

Nebius Group reported a sharp increase in quarterly revenue, which nearly octupled y-o-y, driven by robust demand for artificial intelligence infrastructure and cloud services. Shares in the Dutch-based "neocloud" specialist jumped approximately 16% during trading, following the announcement. Revenue for the quarter ended March reached $399m, up from $50.9m a year earlier, beating analyst expectations according to LSEG data.

May 13, 2026 at 09:16 pm IST

The South Korean "Ants" bring the KOSPI to new Highs

South Korea's benchmark index continues its ascent, hitting new highs at the start of the week. This rally is fueled by the surge of Samsung Electronics and SK Hynix in the AI memory market, as well as the growing appetite of local retail investors, nicknamed the "ants."

May 13, 2026 at 08:41 pm IST

Sam Altman accuses Elon Musk of attempting to seize control of OpenAI

Appearing before an Oakland federal court, Sam Altman has dismissed Elon Musk's allegations that OpenAI betrayed its founding mission to serve the public interest. The OpenAI CEO instead contends that the billionaire himself sought to take control of the company for personal profit. This litigation, stemming from a lawsuit filed by Musk in August 2024, could have significant ramifications for OpenAI's future as the firm prepares for a potential IPO that could value it at up to $1 trillion.

May 13, 2026 at 11:05 am IST

Google explores orbital AI data centers with SpaceX

Google has confirmed that it is in discussions with SpaceX and several other space industry players regarding Project Suncatcher, an initiative aimed at developing data centers in orbit. Through this program, Alphabet is exploring the creation of a network of solar-powered satellites equipped with Tensor processors to build a cloud infrastructure dedicated to artificial intelligence directly in space. A first prototype is expected to be launched around 2027 in partnership with Planet Labs.

May 13, 2026 at 10:58 am IST

Tariff Refunds Begin in the US Following Supreme Court Invalidation

The initial wave of refunds related to tariffs struck down by the US Supreme Court has begun reaching affected companies. Several months after the ruling deemed certain taxes implemented by Donald Trump unconstitutional, corporations including Oshkosh Corporation and Basic Fun have confirmed receipt of their first payments. Oshkosh noted, however, that it is not yet in a position to precisely estimate the total amount to which the company may be entitled.

May 13, 2026 at 10:51 am IST

Qnity raises annual guidance on surging AI-driven demand

Qnity Electronics has hiked its full-year revenue and profit forecasts, bolstered by a surge in investment in artificial intelligence infrastructure and high-performance computing. The announcement was hailed by the markets, with the stock climbing over 3% in intraday trading. The group is benefiting from increased spending on data centers and equipment dedicated to AI applications.

May 12, 2026 at 09:46 pm IST

Zebra Technologies raises guidance on robust automation demand

Zebra Technologies has lifted its full-year revenue growth forecasts, bolstered by strong demand for its automation solutions across warehousing, logistics and retail sectors. The announcement was cheered by the markets, with the stock surging nearly 17% during trading. The group is benefiting from accelerating investment in supply chain automation and real-time tracking tools for industrial and commercial operations.

May 12, 2026 at 09:41 pm IST

OpenAI establishes new entity to accelerate enterprise AI adoption

OpenAI has announced the formation of OpenAI Deployment Company, a new entity designed to support corporations in deploying artificial intelligence systems. The structure will be majority-owned by OpenAI and backed by over $4bn in initial investment. The group also announced the acquisition of specialist firm Tomoro to immediately bolster its integration and advisory capabilities for large-scale organizations.

May 11, 2026 at 08:52 pm IST

CoreWeave buoyed by surging demand for AI infrastructure

CoreWeave reported quarterly results that exceeded expectations, confirming the robust growth of the AI-dedicated infrastructure market. The group posted Q1 revenue of $2.08bn, compared to the $1.97bn anticipated by analysts according to LSEG. A year earlier, revenue stood at $981.8m. This growth is driven by increasing demand from AI model developers for advanced computing capabilities.

May 08, 2026 at 10:54 am IST

Airbnb beats expectations despite disruptions linked to Iran conflict

Airbnb reported mixed quarterly results, with revenue exceeding expectations but EPS slightly missing market forecasts. The group posted QA profit of $160m, or $0.26 per share, compared with $154m a year earlier. Revenue rose 18% y-o-y to $2.68bn, surpassing the consensus of $2.62bn according to LSEG. Following the release, the stock climbed nearly 2% in after-hours trading.

May 08, 2026 at 02:33 am IST