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Adam Back denies claims of being Bitcoin creator

British cryptographer Adam Back has firmly denied claims that he is Satoshi Nakamoto, the mysterious creator of Bitcoin. Speculation arose because of Back’s early cryptography work and his development of Hashcash, a system seen as a precursor to Bitcoin.

Back clarified he communicated with Nakamoto but had no role in creating Bitcoin. The mystery of Nakamoto’s identity remains unsolved, despite numerous theories.

Back’s denial adds to the list of rejected claims, keeping curiosity alive as Bitcoin continues to influence global finance and digital innovation.

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1 Minute-Read

Google AI overviews face accuracy concerns

Google’s AI Overviews feature, designed to provide quick answers in search results, shows around 90% accuracy in recent studies. However, analysts warn that the remaining error rate could still produce millions of incorrect responses daily due to the platform’s huge search volume.

Reports highlight issues such as unreliable sources and occasional misleading information in AI-generated summaries. Experts say even a small percentage of errors can have large-scale impact. Google maintains that improvements are ongoing, but concerns persist over user trust and the potential spread of inaccurate information through automated search responses.

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Corporate

Musk moves to oust OpenAI CEO Altman

Elon Musk has stepped up his legal battle with OpenAI, now asking the court to remove CEO Sam Altman from his position. He is also seeking the removal of OpenAI president Greg Brockman as part of the case.

Musk, who helped start OpenAI in 2015, has been critical of how the company has changed over time. In his lawsuit, he claims OpenAI has moved away from its original goal of working as a non-profit focused on public benefit and has instead become more profit-driven.

According to Musk, he supported the organisation in its early days based on the idea that it would remain non-commercial. He now argues that the company’s current structure and partnerships go against that vision.

As part of the updated lawsuit, Musk is also seeking huge financial damages, reportedly over $100 billion. However, he has said that any money awarded should go to OpenAI’s non-profit arm, not to him personally.

OpenAI has strongly denied these claims. The company says Musk’s accusations are unfounded and has pushed back against his demands, calling them disruptive. It has also suggested that Musk’s actions may be influenced by competition, as he now runs his own AI company, xAI.

The dispute highlights the growing tension between Musk and OpenAI, especially as both are now competing in the fast-moving artificial intelligence space.

Also Read: Policybazaar CEO Tarun Mathur resigns

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Corporate

LIC eyes first bonus share issue

Life Insurance Corporation of India (LIC) is likely to announce its first-ever bonus share issue, with its board scheduled to meet on April 13, 2026, to review the proposal. This could be a key milestone for the insurer since it was listed on the stock market.

In an official update, LIC said its board of directors will discuss the possibility of issuing bonus shares to existing shareholders. If the plan is approved, it will still need shareholder approval before it is implemented.

A bonus share issue means investors receive additional shares at no extra cost, based on how many shares they already own. While this increases the number of shares held, the overall value of the investment stays the same, as the share price adjusts accordingly.

This would be the first time LIC is offering bonus shares. Until now, the company has mainly rewarded its investors through dividends. Market experts believe a bonus issue could help improve trading activity in the stock and make it more attractive to retail investors.

The news has already lifted investor sentiment. LIC’s share price saw a noticeable rise after reports of the possible bonus issue, reflecting optimism in the market.

The company has also temporarily closed its trading window, following standard rules, until a couple of days after it announces its financial results for the year ending March 2026.

Also Read: $64bn takeover bid for universal music

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Beyond

Disney plans 1,000 job cuts

The Walt Disney Company is planning to cut up to 1,000 jobs in the coming weeks as part of efforts to reduce costs and improve efficiency. The move comes under its new CEO, Josh D’Amaro, who took charge in March 2026.

The layoffs will affect less than 1% of Disney’s global workforce, which has over 230,000 employees. Most of the job cuts are expected to happen in the company’s marketing teams. Disney has recently combined several marketing functions, leading to some overlapping roles.

Although the layoffs are happening during D’Amaro’s leadership, reports suggest the plan was already in progress before he became CEO. Still, this is one of the first major steps under his leadership as he focuses on making the company more streamlined.

Disney is currently facing several challenges. Its streaming business is growing but is not as profitable as traditional TV. At the same time, the company is dealing with weaker box office performance and strong competition from digital platforms.

To manage these issues, Disney is restructuring its operations and cutting costs. A key part of this plan is to simplify its marketing structure and improve coordination across its film, television, and streaming businesses.

This is not the first time Disney has reduced its workforce. The company has made similar cuts in recent years as it adapts to changes in how people consume entertainment.

Also Read: Canva buys two AI startups in expansion push

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Corporate

Canva buys two AI startups in expansion push

Canva is stepping up its push into artificial intelligence with the acquisition of two startups, Simtheory and Ortto, as it looks to expand beyond its core design business.

The move is part of a broader strategy to turn Canva into a more comprehensive platform that not only helps users create content but also manage and distribute it. While the company has not disclosed the financial details of the deals, the focus is clearly on strengthening its AI and marketing capabilities.

Simtheory brings tools that allow teams to build and deploy AI-powered assistants capable of handling complex tasks across workflows. These systems can help automate processes, making collaboration faster and more efficient.

Ortto, meanwhile, specialises in customer data and marketing automation. Its platform helps businesses run and track campaigns across multiple channels, including email, messaging, and apps, all from a single interface. By integrating these capabilities, Canva aims to offer users more control over how their content reaches audiences.

Both startups were founded by entrepreneurs Chris and Mike Sharkey, who will now join Canva and contribute to its growing AI and product teams.

The acquisitions reflect a larger shift in Canva’s direction. Once known primarily as a design tool for individuals and small businesses, the company is now positioning itself as a full “work platform” that combines creativity with automation and analytics.

This expansion comes at a time when artificial intelligence is rapidly reshaping the tech industry. Companies are racing to build smarter tools that not only generate content but also help manage workflows and improve productivity.

Canva has been actively acquiring companies to stay competitive in this evolving space. The addition of Simtheory and Ortto is expected to strengthen its ability to serve businesses looking for integrated solutions rather than standalone tools.

Also Read: Anthropic delays new AI model over risks

 

 

 

 

 

 

 

 

 

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Technology

Anthropic delays new AI model over risks

US-based AI firm Anthropic has unveiled its most advanced artificial intelligence model yet, but decided not to release it publicly due to concerns over potential misuse.

The model, called Claude Mythos, marks a significant leap in AI capability. It is designed to detect software vulnerabilities with exceptional accuracy, outperforming human experts in several tests. In one notable case, the system identified a decades-old flaw that had gone unnoticed for years, showcasing its powerful analytical abilities.

However, these same strengths have raised serious concerns. Experts believe the technology could be misused to find and exploit weaknesses in digital systems, potentially enabling sophisticated cyberattacks. This has prompted the company to take a cautious approach.

Instead of a full public rollout, Anthropic is limiting access to a small group of trusted partners under a controlled programme. The aim is to study how the model behaves in real-world conditions while reducing the risk of misuse.

The company is also in discussions with the United States government to better understand the broader implications of such powerful AI systems. CEO Dario Amodei has stressed the importance of building safeguards as AI becomes more capable and widely used.

The development highlights a growing challenge in the tech industry, how to balance rapid innovation with safety. While advanced AI can strengthen cybersecurity by identifying threats early, it can also create new risks if it is not properly controlled.

Also Read: RBI keeps Repo rate at 5.25%

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Beyond

Gold at ₹1.53 lakh, Silver near ₹2.60 lakh

Gold and silver prices remained steady with slight gains in the domestic market today. Gold prices rose marginally by ₹10 to ₹1,53,830 per 10 grams, holding firmly above the ₹1.5 lakh level. Silver also moved higher, gaining ₹100 to trade at ₹2,60,100 per kilogram, reflecting stable demand and supportive international cues.

The rise in bullion prices comes at a time when safe-haven demand has slightly weakened following a temporary ceasefire between the United States and Iran. The development has reduced immediate global uncertainty, limiting sharp upward movement in gold, which is typically seen as a safe investment during crises.

However, prices have not fallen significantly. Analysts say this is because investors remain cautious amid ongoing global uncertainties. Factors such as currency movements, inflation concerns, and central bank policies continue to support gold at elevated levels.

Silver prices, meanwhile, are being supported not only by investment demand but also by industrial usage. Demand from sectors such as manufacturing and electronics has helped keep silver prices resilient, even when broader market sentiment shifts.

In major Indian cities, bullion prices remained largely uniform, with only minor differences due to local taxes and demand conditions. Jewellers reported steady retail demand, which has also helped stabilise prices in the domestic market.

Also Read: Sensex rises to 3000 points, Nifty hovers near 24,000

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Technology

Anthropic partners Google, Broadcom for AI expansion

Anthropic has entered into a major long-term partnership with Google and Broadcom to strengthen its access to advanced AI chips and computing infrastructure.

The agreement is aimed at meeting the growing demand for high-performance computing required to train and run advanced artificial intelligence models. As part of the deal, Anthropic will use Google’s custom-built Tensor Processing Units (TPUs), which are designed specifically for AI workloads.

The partnership is expected to significantly scale Anthropic’s computing capacity over the coming years. Reports suggest that the company could gain access to several gigawatts of compute power, reflecting the massive infrastructure needed for next-generation AI systems.

Broadcom will play a key role by helping design and supply custom chips that power Google’s AI infrastructure. The collaboration is part of a broader, multi-year arrangement that will support the development of future AI processors.

For Anthropic, the deal ensures a steady supply of critical resources needed to expand its AI offerings, including its Claude chatbot. The company has been rapidly growing and requires large-scale computing to keep up with increasing user demand and more complex AI models.

The partnership also highlights a wider trend in the tech industry, where companies are entering long-term agreements to secure access to chips and computing power. With AI systems becoming more resource-intensive, reliable infrastructure has become a key competitive factor.

For Google, the deal strengthens its cloud and AI ecosystem by promoting the use of its in-house chips. For Broadcom, it reinforces its role in the global semiconductor supply chain.

Also Read: Beacon Group names Dr Rajesh Patel as CEO

 

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Corporate

Sensex jumps 2,900 points, Nifty nears 24,000

Indian equity markets staged a powerful rally, with benchmark indices posting sharp gains amid supportive global and domestic cues. The BSE Sensex surged about 2,900 points to close around 77,500, while the Nifty 50 climbed nearly 870 points to settle close to the 24,000 mark, marking one of the strongest single-day performances in recent times.

The surge was driven by improved global sentiment after signs of easing geopolitical tensions, particularly a temporary pause in conflict in the Middle East. This development helped calm investor nerves and triggered buying across global markets, including India.

A key factor supporting the rally was the decline in crude oil prices. Since India is a major oil importer, softer crude prices reduce inflationary pressure and improve macroeconomic stability, making equities more attractive to investors.

Domestically, the Reserve Bank of India’s latest monetary policy also reassured markets. The central bank kept interest rates unchanged and maintained a balanced outlook on growth and inflation. This signalled policy stability, encouraging investors to increase exposure to equities.

The rally was broad-based, with strong buying seen across banking, financials, auto and real estate stocks. Banking stocks led the charge, supported by stable interest rate expectations, while auto and realty sectors gained on improved demand outlook. Midcap and smallcap stocks also outperformed, rising sharply and reflecting strong participation beyond frontline indices.

Several heavyweight stocks contributed significantly to the upward move, with industrial, consumer and metal stocks posting notable gains. Positive business updates and sectoral tailwinds further boosted investor sentiment.

The sharp rise also led to a substantial increase in investor wealth, with overall market capitalisation of listed companies jumping significantly in a single session. At the same time, the Indian rupee strengthened against the US dollar, indicating renewed foreign investor interest.

Also Read: Anthropic signs long-term AI chip deal