Category: Business News & Economy

ACI Worldwide beats Q2 earnings, raises full-year guidance

Lamar Advertising beats Q2 estimates, raises guidance

SoftBank secures $10 billion loan backed by OpenAI stake

Avient beats Q2 estimates, raises full-year guidance

OpenAI asked a judge to dismiss Apple’s lawsuit accusing it of trade-secret theft. The company stated it is building something entirely new and different from Apple. Apple had alleged OpenAI exploited confidential information through former employees and suppliers. The lawsuit highlights a battle over control of future AI devices. OpenAI argues Apple’s complaint lacks sufficient…

Moat Homes reports £23.9m surplus on improved operations

Karnataka is discussing a long-term partnership with Anthropic for AI adoption. This collaboration aims to boost AI across governance, education, and healthcare sectors. Discussions focused on deploying AI solutions and ensuring responsible data privacy. The state plans AI certification programs and subsidised platform access. Karnataka seeks to strengthen its position as India’s leading AI hub.

Jefferies upgrades L’Oreal to Hold as two-year growth trend inflects higher

Concerns are rising over President Trump’s administration’s limited AI response. This follows recent AI agent security breaches by OpenAI and Anthropic. Critics point to significant donations from tech firms to Trump’s reelection efforts. These ties allegedly influence the administration’s approach to AI regulation. Voluntary cybersecurity tests for AI models have been announced but lack details.

The Bombay high court has recently convicted Tarun Tejpal in connection with a 2013 rape case, resulting in a ten-year term of rigorous imprisonment after his acquittal was set aside. Tejpal, alleging political victimization, appealed for leniency, while the court has provided him with a two-week window to surrender. This verdict is linked to a…