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Asian Banks Tighten AI Security as Frontier Models Raise Cyber Threat Risks

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Asian Banks across Asia are strengthening internal controls around artificial intelligence tools as newer frontier AI models raise concerns over more sophisticated cyberattacks. Reuters reported that major institutions including regional leaders in Singapore and Hong Kong are increasing checks on AI systems, fearing hackers could use advanced models to identify vulnerabilities faster and launch wider […]

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Oil Fear Returns as Brent Holds Above $120 and Global Inflation Risks Rise

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Global markets entered May under renewed pressure as Brent crude remained above $120 per barrel, driven by persistent conflict around Iran and continued disruption in the Strait of Hormuz. Reuters reported that the oil spike is heavily influencing global financial sentiment, overshadowing strong earnings from major tech companies and creating fresh inflation concerns for central

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AI Startup Netomi Raises $110 Million as Enterprise Automation Demand Surges

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AI customer service startup Netomi has secured $110 million in Series C funding, highlighting continued investor confidence in enterprise automation despite growing scrutiny around AI profitability. According to Reuters, the funding round was led by Accenture Ventures, with participation from existing investors focused on scaling enterprise-grade AI platforms. Netomi specializes in customer support automation, helping

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Cognizant Buys Astreya for $600 Million to Strengthen AI Infrastructure Business

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Cognizant has agreed to acquire IT services provider Astreya for about $600 million, marking another major move in the race to build AI infrastructure capabilities. Reuters reported that Astreya specializes in AI infrastructure and data center services, making the deal strategically important as enterprise customers sharply increase spending on artificial intelligence systems. The acquisition highlights

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Anthropic Eyes $900 Billion Valuation in New Funding Round as AI Race Accelerates

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Artificial intelligence startup Anthropic is weighing a fresh funding round that could value the Claude maker at more than $900 billion, more than double its current valuation. Reuters reported that the company is entertaining early offers, though discussions remain at an early stage and no final commitments have been accepted. The move comes just days

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Meta Lifts AI Spending to $145 Billion as Investors Question Return on Massive Expansion

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harply increased its 2026 capital expenditure forecast today, intensifying investor debate over whether massive AI spending can generate sustainable returns. Reuters reported Meta raised its annual capex guidance to between $125 billion and $145 billion, up from its prior forecast of $115 billion to $135 billion, as it doubles down on AI infrastructure and data

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Alphabet Revenue Hits $109.9 Billion as AI Cloud Demand Delivers Record Growth

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delivered one of its strongest quarters yet as enterprise demand for artificial intelligence pushed its cloud business to record growth. Reuters reported that Alphabet’s total revenue rose 22% to $109.9 billion in Q1, beating analyst estimates of $107.2 billion, while shares jumped more than 6% in extended trading. The company’s cloud division posted its best

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Visa Raises Full-Year Forecast as Middle East Travel Recovery Boosts Cross-Border Payments

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Global payments giant Visa delivered stronger-than-expected quarterly results today and raised its full-year earnings forecast, signaling resilience in consumer spending despite ongoing Middle East geopolitical tensions. Reuters reported that Visa’s shares climbed nearly 5% in premarket trading after the company posted a profit beat and announced a new $20 billion share repurchase program. Cross-border payments—one

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UAE Exit from OPEC Reshapes Gulf Energy Investment Strategy

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The United Arab Emirates’ surprise decision to leave OPEC effective May 1 is sending major signals across global energy markets and reshaping long-term Gulf investment strategy. Reuters market coverage noted that the UAE’s OPEC exit has added another layer of uncertainty to already volatile oil markets as prices remain above $110 per barrel. The move

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EU Fails to Reach Deal on New AI Rules, Leaving Businesses in Regulatory Limbo

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European Union lawmakers and member states failed to reach an agreement on revised artificial intelligence rules after 12 hours of negotiations, creating fresh uncertainty for global technology companies operating in Europe. Reuters reported that talks on watered-down AI regulations collapsed late Tuesday, with discussions set to resume next month. The changes were part of the

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