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NEET row: AISF, AIYF express solidarity with student protests, seek Minister’s resignation

$1.3 trillion erased from Wall Street: Here's what slowed down AI rally

Tech stocks, particularly semiconductors, experienced a significant downturn Friday, driven by investor caution over AI valuations and robust US jobs data. The PHLX Semiconductor Index saw its steepest drop since March 2020, erasing billions in market value. This retreat follows a period of record highs, with strong employment figures fueling concerns about interest rate cuts.

IIT-Roorkee clarifies admission process for students below eligibility marks

Under the current eligibility criteria, candidates seeking admission to IITs through JEE (Advanced) must either secure at least 75% marks in Class 12 or equivalent examinations.

JEE-Advanced data breach claims misleading, factually incorrect: IIT-Roorkee

The institute further asserted that "no sensitive information was compromised or mass-extracted" and that the incident had "zero impact on examination outcomes, including marks, ranks, and category of the candidates"

US tells companies to stop passage of Nvidia's Blackwell AI chips to China

The US Commerce Department's Bureau of Industry and Security has quietly closed a year-old loophole that let Nvidia's most advanced Blackwell AI chips reach overseas subsidiaries of Chinese companies without an export licence. Industry sources estimate hundreds of thousands of chips may have already shipped through the gap. The new guidance still leaves data centre servicing and TSMC foundry due diligence untouched, raising fresh enforcement questions.

CBSE clarifies re-evaluation payments

The Central Board of Secondary Education (CBSE) on Wednesday clarified that students applying for verification and re-evaluation of Class XII answer sheets do not need to have accounts with State Bank of India, Canara Bank, Bank of Baroda or Indian Bank to make payments on its online portal, addressing confusion that emerged after the system was launched earlier this week, Times of India reported.The clarification came after several students claimed on social media that the portal appeared to restrict payments to customers of the four public sector banks. In a statement posted on X, CBSE said the portal only uses payment gateways operated by these banks and does not require applicants to hold accounts with them.Also Read: Claude, other AI tools used to breach CBSE portals: IIT Panel“Candidates may use the available online payment options — UPI, net banking, credit card and debit card — through the designated gateways,” the board said.CBSE also said the portal continued to function smoothly despite a major cyberattack attempt on Tuesday, shortly after it went live. According to the board, the platform came under a barrage of denial-of-service attacks within minutes of its launch, receiving nearly 1.5 million hits in two minutes along with more than one lakh attempts at unauthorised file access.The board said its technical teams worked continuously to maintain the stability and security of the platform.“The portal has accepted 4,924 applications for verification and 39,056 applications for re-evaluation (total of 43,980) as of 12 noon today,” CBSE said.The board urged students to rely only on official CBSE communication for updates related to the process.Also Read: CBSE re-evaluation portal keeps lakhs of students guessingThe verification and re-evaluation window opened on June 2 for Class XII students who had earlier obtained scanned copies of their answer books evaluated under the board’s new digital On-Screen Marking (OMS) system.

‘Hollow image of deceitful Modi’: Congress alleges BJP shared AI-generated video of Patna, says post was deleted

Sharing the now-deleted post on X, the official Congress handle said that the BJP, under PM Modi's guidance, had posted an AI-generated fake video.

16-year-old flags data issues on JEE Advanced results site; IIT Roorkee says ‘thank you’, takes corrective action

Rylen Anil (@DarthKermy72747) claimed that the JEE Advanced 2026 candidate result infrastructure had a public cloud storage misconfiguration.

After CBSE & NTA, IIT Roorkee faces JEE Advanced 2026 data exposure claim

A cybersecurity disclosure has placed infrastructure linked to JEE Advanced 2026 under scrutiny after researcher Rylen Anil alleged that a cloud storage configuration exposed thousands of candidate-related records and admit-card PDFs. IIT Roorkee, the organising institute, acknowledged the configuration issue and said corrective action was being taken. The development comes amid recent cybersecurity concerns involving CBSE's On-Screen Marking system and NTA's re-examination portal, highlighting growing attention on data security across India's examination ecosystem.

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.

Data vs. dahi-chini: Why AI can code your life, but only your mom can decode your face

AI offers structured advice for life's challenges, processing vast data to simulate reasoning. However, a mother's instinct, honed over decades, provides a deeper, more personal form of comfort and guidance. This contrast highlights the irreplaceable nature of maternal love and understanding in navigating everyday crises.

Coforge shares gain over 2% after unveiling agentic AI platform for insurance industry

Shares of Coforge rose more than 2% to their day’s high of Rs 1,495 on the BSE on Tuesday after the company announced the launch of its "Nexa Agentic AI Platform", a business platform that aims to cater to the global insurance industry.According to the company, the platform is designed to help insurers derive greater value from their existing insurance platforms and speed up time-to-market without replacing core systems. Instead, it layers AI orchestration capabilities over incumbent platforms while operating within the guardrails of leading platform providers.Built on the Coforge One AI platform, Nexa Agentic AI Platform offers a marketplace of more than 30 insurance AI assets covering underwriting, claims, product development, customer service and platform modernisation. The company said the platform is modular and composable, allowing insurers to deploy specific capabilities or adopt the full suite through an Insurance-in-a-Box model.Coforge said the platform is purpose-built for the global insurance market across Property & Casualty, Life & Annuities, Specialty insurance, as well as managing general agents (MGAs) and intermediaries. It incorporates human-in-the-loop oversight, full auditability and measurable outcomes.The platform includes six flagship orchestrators spanning the insurance value chain. These include an AI-enabled Submission Centre, which the company said can increase underwriting capacity by more than 30% through automated data extraction, validation and prioritisation.Another offering, the Agentic State Rollout Factory, is designed to automate rates, forms and filings across jurisdictions, enabling more than 25% faster realisation of new revenue. The AI-enabled Product Rollout Factory aims to accelerate product launches by 30% while improving quality and responsiveness to regulatory changes.Coforge also introduced an Agentic AI Global Expansion capability to support market entry across geographies, a Core Platform Modernisation capability that it said can reduce total cost of ownership by more than 30%, and an Agentic Claims Triaging Centre that can enable more than 35% faster claims triaging and higher straight-through processing.Rajeev Batra, Executive Vice President and Global Practice Head of Insurance at Coforge, said the platform combines the company's AI engineering capabilities with its insurance domain expertise to help clients scale AI adoption and business outcomes.Also read: Morgan Stanley says Indian stock market poised for strong year ahead. Here’s whyThe company said the platform is designed around key insurance stakeholders, including brokers, underwriters, claims adjudicators and customer service agents. Looking ahead, Coforge plans to progressively integrate insurance knowledge graphs into the platform to enhance insurance-specific reasoning across submissions, policies, claims and customer interactions.Coforge said Nexa Agentic AI Platform will form a key part of its insurance go-to-market strategy, helping clients accelerate AI adoption while preserving existing technology investments and complying with platform guardrails.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Did ChatGPT put children at risk? Why Florida has sued OpenAI and Sam Altman

Florida has sued OpenAI and CEO Sam Altman, alleging they knowingly marketed ChatGPT despite risks to children and the public. The lawsuit claims the company prioritized growth over safety, failing to implement safeguards for minors and contributing to harm, including self-harm and criminal planning. OpenAI disputes these allegations, citing its safety measures.

US stocks today: US stocks end higher, boosted by tech gains, US-Iran peace hopes

Wall Street stocks posted modest gains on ​Monday as investors watched developments in U.S.-Iran peace negotiations and cheered the unveiling of a new computer chip that promises to bring artificial intelligence to personal computing.Tech shares boosted the Nasdaq and the S&P 500 to their latest in a series of record closing highs.U.S. President Donald ‌Trump said talks ⁠with Iran ⁠continue. Earlier, Iran's news agency announced Tehran is halting indirect negotiations with Washington after a new round of strikes threatened to derail diplomatic efforts to ​end the war, now in its fourth month.The intensification of hostilities sent crude prices jumping, along with worries over the extent to which ​a protracted war could result in heightened, intransitory inflation."We don't really know where things stand," said Thomas Martin, senior portfolio manager at GLOBALT in Atlanta. "The market seems to think that something's going to get done at some point, but we don't have ​very good information to go on, like what the Iranians really want and ⁠what Trump ‌is willing to settle for."Stocks added to their gains after Trump said no Israeli troops would ​go into Beirut, ​citing a call with Israeli Prime Minister Benjamin Netanyahu.Nvidia jumped after the company unveiled a ⁠new chip that puts AI capabilities directly into personal computers.The chip is the ​result of a three-year partnership with Microsoft to "reinvent the PC" for the AI era, ​Nvidia CEO Jensen Huang said. Microsoft shares rose.The reaction among semiconductor stocks was mixed. Qualcomm tumbled and while Intel also fell. Micron shares rose sharply, breaching the $1,000 mark for the first time.The Philadelphia SE Semiconductor Index advanced.In economic news, U.S. factory activity expanded in May for the fifth consecutive month as goods-makers navigate tariff and geopolitical crosswinds.Investors will turn to Friday's jobs report ahead of Kevin Warsh's debut policy meeting as chairman of the U.S. Federal Reserve this month, amid fears ‌of rising inflation linked to the Iran war that could upend the stock market rally.According to preliminary data, the S&P 500 gained 20.19 points, or 0.27%, to end at 7,600.03 points, while the ​Nasdaq Composite gained ​114.75 points, or 0.43%, to 27,087.37. ⁠The Dow Jones Industrial Average rose 44.70 points, or 0.09%, to 51,076.85.Software stocks rebounded from heavy selling earlier this year on AI disruption fears. ServiceNow and IBM rose sharply. The software services index advanced."On the software side, companies that hadn't ​been doing very well, but now are doing well today," Martin added. "Some of that has been attributed to Nvidia comments that software is part of the solution, so the market's coming back to" software stocks.Cadence Design Systems jumped after launching an Nvidia-powered AI agent for chip design.Broadcom's earnings, due on Wednesday, will be closely parsed in the wake of solid results from Dell last week, which signaled strong AI server demand.

"Endangering Our Kids": Florida Sues OpenAI Over ChatGPT Safety Risks

Florida attorney general faults OpenAI for failing to put in place stricter rules to verify users' ages.

OpenAI, Sam Altman sued by Florida over 'web of deceit and the exploitation of users': What is the case all about?

Florida Attorney General James Uthmeier sued artificial intelligence company OpenAI and its CEO, Sam Altman, accusing them of putting profit over safety. The lawsuit is separate from the criminal investigation against the firm. The development comes a month after Uthmeier issued subpoenas.

UIDAI to launch new Aadhaar app soon: Check details

Google plans to release 32 million Wolbachia-infected mosquitoes across Florida and California

Alphabet's Debug initiative is seeking EPA approval to release 32 million specially treated male mosquitoes in California and Florida. This innovative approach uses Wolbachia bacteria to sterilize wild Culex mosquitoes, aiming to significantly reduce the spread of diseases like West Nile virus. Advanced AI and robotics are enabling this large-scale effort, with trials planned over two years.

Over 56,000 qualify JEE (Advanced) 2026; Shubham Kumar secures AIR 1

A total of 56,880 candidates passed the entrance, considered one of the country's toughest. Of the total, 10,107 were female

JEE Advanced results 2026 announced: Shubham Kumar secures AIR 1 with 330 marks

The Indian Institute of Technology, Roorkee has declared the JEE Advanced 2026 results and released the final answer key for Paper 1 and Paper 2. Shubham Kumar secured AIR 1 with 330 marks out of 360, followed by Kabir Chhillar with 329 marks and Jatin Chahar with 319 marks. Of the 179,694 candidates who appeared for the examination, 56,880 qualified, including 10,107 female candidates. Results are available on the official website.