Journalism begins where hype ends

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In a few years, Artificial Intelligence (AI) virtual assistants will be as common as the smart phone "

— Dave Waters

AI Meets Big Pharma: Isomorphic Labs Raises $2.1 Billion for AI Drug Discovery

Isomorphic Labs, founded in 2021 by DeepMind chief Demis Hassabis, has raised $2.1 billion in Series B funding to scale its AI-driven drug discovery platform.

Demis Hassabis’s AI drug discovery startup Isomorphic Labs has raised $2.1 billion in a Thrive Capital-led Series B, joined by Alphabet, GV, MGX, Temasek, CapitalG and the UK Sovereign AI Fund.

IMF Warns AI Cyberattacks Could Shake Global Financial System

The IMF warned that AI is making cyberattacks faster and cheaper, threatening banks, payment networks and shared financial infrastructure worldwide. It called for stronger resilience standards and urgent coordination between governments and private institutions.

The IMF warned that AI is making cyberattacks faster and cheaper, threatening banks, payment networks and shared financial infrastructure worldwide. It called for stronger resilience standards and urgent coordination between governments and private institutions.

Cloudflare Lays Off 1100, Cites 600% Surge in Internal AI Use

Cloudflare's headquarters at 101 Townsend Street, San Francisco. The company laid off 1,100 employees this week — more than 20% of its 5,156-person workforce.

Cloudflare laid off 1,100 employees — more than 20% of its workforce — citing a 600% surge in internal AI usage over three months. The cybersecurity and cloud infrastructure firm’s co-founders framed the cuts as restructuring for the “agentic AI era,” even as the company posted $2.17 billion in 2025 revenue.

“Flowers Bloom Beyond Royal Gardens”: India’s Chief Justice Points Towards AI Bias

Chief Justice of India Surya Kant delivers the 8th Dinkar Memorial Lecture on "Rashmirathi: The Epic of Social Justice" in New Delhi.

Speaking at the 8th Dinkar Memorial Lecture in New Delhi, Chief Justice of India Surya Kant said artificial intelligence is beginning to reflect deep social inequalities, with some countries showing an “inbuilt bias” against the poor.

India Moves AI to Space with New Sarvam–Pixxel Partnership

Pathfinder, a 200-kg satellite developed by Pixxel with AI infrastructure from Sarvam, is scheduled to reach orbit as early as Q4 2026.

Pixxel and Sarvam will launch Pathfinder, a 200-kg satellite carrying datacentre-class GPUs to run India-built AI models in orbit. Set for a Q4 2026 launch, the mission aims to process hyperspectral imagery in space — flagging wildfires, crop disease and pipeline leaks in real time, without foreign cloud dependence.

SEBI Flags Claude Mythos in Advisory, Asks Indian Markets to Level-up Defense

SEBI's 5 May 2026 advisory specifically names Anthropic's Claude Mythos, an AI model the company has withheld from public release. | Representational image

SEBI- the Indian market regulator has told every broker, exchange, fund house and intermediary to lock down systems against a new generation of AI tools capable of finding and exploiting software vulnerabilities at machine speed — and has set up a dedicated task force, cyber-suraksha.ai, to coordinate the response.

Apple to Pay $250 Million to Settle iPhone AI Lawsuit

Apple has agreed to a $250 million settlement over claims it overstated Apple Intelligence and Siri capabilities in the iPhone 15 and iPhone 16.

Apple has agreed to pay $250 million to settle a class action lawsuit alleging it misled iPhone 15 and 16 buyers about Apple Intelligence and Siri capabilities. U.S. consumers who bought the devices between June 2024 and March 2025 stand to receive between $25 and $95. Apple denies wrongdoing.

U.S. Expands AI Oversight Through New Industry Agreements

The National Institute of Standards and Technology, NIST, houses CAISI, the federal body now leading pre-deployment testing of frontier AI models from Google DeepMind, Microsoft and xAI.

The Center for AI Standards and Innovation has signed agreements with Google DeepMind, Microsoft and xAI for pre-deployment access to frontier AI models — in some cases with safety guardrails removed. The deals mark a shift toward embedding federal researchers inside the development cycle of commercial AI, rather than relying on regulation alone.

China Makes AI Robots Core of Strategy in 15th Five-Year Plan: IFR

China has placed robotics at the heart of its modern industrial system © Hangzhou Robotphoenix Industrial Robotics

China’s latest five-year plan marks a shift toward AI-integrated robotics in industry, according to the International Federation of Robotics. China accounts for about 54% of global industrial robot installations, with around 2 million units in operation.

Anthropic, Wall Street Giants Launch $1.5B AI Services Firm

Anthropic is teaming up with Wall Street heavyweights including Goldman Sachs and Blackstone to launch a $1.5 billion AI services venture aimed at mid-sized businesses. (Illustrative)

Anthropic is partnering with Blackstone, Hellman & Friedman, and Goldman Sachs in a roughly $1.5 billion joint venture to build custom Claude-powered AI tools for mid-sized businesses — putting pressure on legacy IT services giants.