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ANNAMALAI QUITS BJP! | New Political Chapter? Annamalai Charts Independent Path After BJP Exit | N18

A major political development has unfolded in Tamil Nadu as K. Annamalai has stepped away from the BJP to launch a new political movement focused on youth participation, governance reforms, and grassroots engagement. The move has sparked intense debate across political circles, with supporters viewing it as the beginning of a new chapter in Tamil Nadu politics, while critics question whether distancing himself from the BJP could limit his political influence.Annamalai's decision is expected to reshape political equations in the state, particularly among young voters seeking alternative leadership and fresh political ideas. Political analysts are closely watching how the new movement evolves and whether it can emerge as a significant force in Tamil Nadu's highly competitive political landscape. n18oc_breaking-newsn18oc_Indian18oc_politicsNews18 Mobile App - https://onelink.to/desc-youtube

The Times of India

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Sam Altman 'accepts' clients telling him they spent entire 2026 budget in Q1

OpenAI's CEO Sam Altman revealed businesses are grappling with escalating AI costs, with some customers exhausting annual budgets early. This surge in spending, driven by increased AI adoption and agent usage, is prompting companies to reassess their investments. Altman acknowledges the need for greater efficiency to balance expanding AI use with operational expenses.

The Economic Times (India)

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US stocks today: US stocks end modestly higher as AI zeal overcomes Middle East jitters

The S&P 500 and the Dow closed modestly higher on Tuesday as risk appetite driven by AI fervor was counterbalanced by tensions arising from U.S.-Iran talks to reopen the Strait of Hormuz and end the months-long war.Gains in most of the 11 major S&P sectors kept the S&P 500 and the Dow in the green, with the small-cap Russell 2000 outperforming its larger-cap peers. The Nasdaq ‌ended the session essentially unchanged.Small-cap ⁠stocks have ⁠been some of the biggest beneficiaries of the ongoing enthusiasm surrounding artificial intelligence stocks, which provided some upside muscle. The Philadelphia SE Semiconductor Index advanced on the day.The Software & Services Index, battered in recent months over worries of AI disruption, closed in negative territory.Strong results from Hewlett Packard Enterprise and a funding commitment from Alphabet reinforced confidence in the AI buildout."The market is kind of muted at the surface level, but there is a lot going on under the hood, and that describes much of this year," said Mike Dickson, head of portfolio management at Horizon Investments in Charlotte, North Carolina. "There's some massive dispersion in the whole AI infrastructure ecosystem.""Markets could be in for one of these heated, melt-up rallies where the momentum keeps ⁠winning," Dickson ‌added. "I would not be surprised at all to be sitting here at the end of the summer a good bit higher."Tehran is studying a U.S. proposal to bring the war to a halt, but has not been in contact with Washington ⁠for days, according to Iranian media, which also said Iran is taking a "stern" approach, given what it views as a history of U.S. noncompliance and mutual distrust. Simultaneously, Israel is continuing its strikes on Lebanon, despite Tehran's warnings that the attacks are threatening to derail the fragile truce.The war has sent crude prices soaring, reviving worries over inflation and giving rise to an increasing likelihood that the U.S. Federal Reserve could hike interest rates by year-end. Cleveland Fed President Beth Hammack said on Tuesday that such a hike could become necessary if already-elevated inflation pressures continue to mount. On the economic front, a report from the Labor Department showed an unexpected spike in job openings, driven by the volatile professional and business services sector. Otherwise, hiring, firing and quits all decreased, suggesting a slowdown ‌in labor market churn in the face of uncertainties related to strife in the Middle East and inflationary effects.Analysts look to the May employment report due on Friday, which is expected to show the U.S. economy added 85,000 jobs last month, a monthly deceleration of 26.1%. The unemployment rate is forecast ⁠to stand pat at 4.3%.According to preliminary data, the S&P 500 gained 10.07 points, or 0.13%, to end at 7,610.03 points, while the Nasdaq Composite gained 8.78 points, or 0.03%, to 27,095.59. The Dow Jones Industrial Average rose 237.13 points, or 0.46%, to 51,316.01.Hewlett Packard Enterprise jumped after the AI server maker pulled forward its long-term financial targets by two years. In further evidence of AI buildout, Alphabet said it was looking to raise $80 billion in equity offerings, including an investment from Berkshire Hathaway, to fund a costly expansion of its AI infrastructure. Its shares lost ground on the day. Marvell Technology's shares surged after Nvidia Chief Executive Officer Jensen Huang called the chipmaker the next "trillion-dollar company" at the Computex conference in Taipei. Nvidia invested $2 billion in Marvell in March.A drop in bitcoin hit cryptocurrency firms Coinbase and Strategy Inc.Broadcom is expected to report quarterly results on Wednesday.

The Times of India

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Google CEO called out 'biggest AI budget problem' of companies world over from IO stage with a solution

Google's CEO Sundar Pichai highlighted the escalating costs of AI, with companies depleting annual budgets by May due to heavy token usage. To combat this, Google unveiled Gemini 3.5 Flash, a cost-effective model promising significant savings. This new AI aims to boost efficiency in coding and agentic tasks, potentially saving enterprises over a billion dollars annually.

The Times of India

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Zoho founder quotes Oracle’s Larry Ellison on AI’s future

Zoho founder Sridhar Vembu echoed Larry Ellison's view that AI is rapidly commoditizing, with value shifting to applications built around it. Ellison argued that similar public data training makes AI models less of a differentiator, emphasizing exclusive datasets as the future competitive edge. Vembu also recently described the AI boom as a significant investment bubble.

The Times of India

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Cisco exec Liz Centoni admits adopting AI across large companies is 'painful'

Cisco's chief customer experience officer, Liz Centoni, described AI adoption as "surgery without the drugs," highlighting its difficulty. Cisco learned that simply adding AI to existing workflows didn't solve core issues, leading them to implement intelligent routing for support cases, achieving an 88% first-time correct engineer assignment rate.

The Times of India

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As US firm worry about AI returns, tech CEO says: AI right now works only for coding

US corporations are scrutinizing massive AI investments as costs surge and productivity gains remain elusive. Experts suggest businesses might be overestimating AI's current capabilities, particularly outside of coding. This realization is prompting a shift towards more efficient AI usage, with some firms even cutting jobs to manage escalating AI expenses.

The Times of India

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Peter Thiel has an 'escape plan' from America, the same as Google's founders

Peter Thiel, billionaire Trump donor and Palantir co-founder, has quietly relocated to Argentina, eyeing it as a backup country. Thiel bought a Buenos Aires mansion, enrolled his kids in school, and bonded with President Javier Milei. His move mirrors Google founders Larry Page and Sergey Brin's California exit, all driven by a proposed 5 percent wealth tax targeting the state's billionaires. Here's what's happening.

NDTV Top Stories

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EPS And Unmaking Of AIADMK: How He Lost MGR, Jayalalithaa's Political Legacy

Critics within the AIADMK also point to what they describe as EPS's biggest political miscalculation.

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ANNAMALAI QUITS BJP! | New Political Chapter? Annamalai Charts Independent Path After BJP Exit | N18

Sam Altman 'accepts' clients telling him they spent entire 2026 budget in Q1

US stocks today: US stocks end modestly higher as AI zeal overcomes Middle East jitters

Google CEO called out 'biggest AI budget problem' of companies world over from IO stage with a solution

Zoho founder quotes Oracle’s Larry Ellison on AI’s future

Cisco exec Liz Centoni admits adopting AI across large companies is 'painful'

As US firm worry about AI returns, tech CEO says: AI right now works only for coding

Peter Thiel has an 'escape plan' from America, the same as Google's founders

EPS And Unmaking Of AIADMK: How He Lost MGR, Jayalalithaa's Political Legacy