Asked to solve a lab test, AI hacked the internet instead: When agents start doing things nobody told them to do

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Global semiconductor stocks fell sharply as Micron and Intel dropped up to 8%, tracking weakness in Asian peers despite strong Samsung earnings. Investors are reassessing valuations after a strong AI-led rally, while concerns over custom chip development and future demand are making markets more selective towards AI-linked semiconductor companies.

In the June quarter, Arvind SmartSpaces achieved remarkable results with an eight-fold rise in net profit. The company’s total income surged to Rs 322.02 crore, while sales bookings more than doubled to Rs 432 crore. This exceptional performance stemmed from robust pre-sales and overall income growth, solidifying the firm’s position as a leading player under…