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OpenAI and Anthropic are now competing with India’s $315-billion IT services industry. These AI labs moved into enterprise implementation and consulting, challenging traditional firms. As these tech giants use their own engineers for workflow redesign, the clear lines between software creators and service providers have started to blur for everyone.
The Maharashtra Cyber Department identified over 500 social media profiles and 429 objectionable posts linked to a cross-border disinformation campaign during the Cockroach Janata Party protests. Officials said Monday that many accounts used AI deepfakes to spread false narratives. The agency started legal action and asked platforms to remove content.
SK Hynix shares dropped 13% on Tuesday as Chinese competition fears sparked a massive sell-off. The stock fell 45% from its June high, erasing $570 billion in market value. Investors got worried after reports showed China started mass producing chip machines, making many fear for future AI-driven chip demand.
Prashant Kumar, a 21-year-old student, found a major security flaw in the Bihar Mahadalit Vikas Mission website. This vulnerability potentially exposed sensitive Aadhaar, pension, and bank data of millions. Prashant said, "We can put the SQL code for anything, to read the database or to change the database."
Bank of Baroda data got breached, exposing over 1TB of sensitive customer information online. The bank said its core systems remain secure despite the hack. IT expert Srikanth Lakshmanan said, "The bank's transactional system doesn't appear to be affected." Customers should change passwords and turn on multi-factor authentication for safety.
China started making homegrown DUV lithography machines to challenge Dutch supplier ASML, a report said on Monday. These tools will go to SMIC, Hua Hong, and ChangXin this year. Following the news, ASML shares fell over 7% as many investors worried about the future of the global chip equipment supply chain.
The government plans to build an AI-powered platform to match job seekers with employers based on skills and location. It will use data from various sources like the e-Shram database and EPFO records. Officials said the system will help institutions align training programs with the changing needs of the industry.
Asian stocks fell as concerns over artificial intelligence spending triggered a selloff in chipmakers. The MSCI Asia Pacific Index fell 1.2% while crude oil prices dropped. Chris Larkin at ETrade said, “This is a week with more than its fair share of potential surprises, good and bad.” Markets remain cautious.
UAE companies and sovereign wealth funds plan to boost investments in India across sectors like artificial intelligence and infrastructure. Mohammad Alhawi said, "Our sovereign wealth funds continue to look actively at the Indian market." The UAE invested $25.6 billion in India between 2000 and 2026, and growth will continue soon.
SK Hynix shares plunged 38% from their June high, erasing $470 billion in market value. Investors worry that high memory costs will force customers to seek cheaper alternatives. Andy Wong said, “The debate now is whether memory is taking too much of the pie.” The firm reports earnings this Wednesday.
Asian stocks fell sharply on Tuesday July 28 as AI spending worries and falling oil prices triggered a massive sell-off. South Korea’s Kospi plunged 7.89% and Japan’s Nikkei fell 3.86%. Many tech stocks got hit hard as investors questioned if companies spending heavily on AI can actually justify the cost.
Anthropic CEO Dario Amodei said on Monday that he does not support banning open-weight AI models. He clarified his position after industry leaders urged policymakers to avoid restrictions. Amodei said, "Anthropic has never advocated for a ban on open-weights models." He remains worried about authoritarian governments using powerful AI technology.