goldman sachs

Intuit, the software giant, faces a significant stock decline due to fears of AI-powered tax services challenging its TurboTax. Despite CEO Sasan Goodarzi's strong defense of their AI strategy and a major workforce reduction to focus on 'big bets,' including AI integration, the company's shares have plummeted.

IIT-Roorkee's inaugural Data Science and AI BTech batch achieved 100% placements, with students securing roles at leading tech and finance firms like Amazon, Microsoft, and goldman sachs. The program, a collaboration with the Mehta Family Foundation, emphasizes practical AI development. This success highlights the growing demand for AI-skilled graduates.

Google is planning a historic $80 billion equity capital markets transaction to fund its significant investments in artificial intelligence infrastructure. This massive fundraising effort includes a $40 billion at-the-market offering and a $10 billion private placement with Berkshire Hathaway, aiming to bolster its AI capabilities amidst fierce industry competition.

goldman sachs CEO David Solomon believes markets are in a "greed" mode, with ample liquidity to support a significant fundraising wave from major AI companies like OpenAI, Anthropic, and SpaceX. He suggests investors are optimistic and that this exuberance could continue, with markets potentially being early in the cycle for AI-driven growth.

IIT Roorkee’s Mehta Family School of Data Science and Artificial Intelligence has achieved a landmark 100% placement for its inaugural BTech graduating batch, with students placed across global firms including Amazon, Microsoft, goldman sachs, Qualcomm, Salesforce, and Databricks. The cohort secured roles in AI, finance, analytics, and research sectors, reflecting the programme’s industry-aligned curriculum. The achievement underscores IIT Roorkee’s focus on building future-ready AI talent through interdisciplinary training, strong academic foundations, and deep-tech innovation partnerships.

Global steel prices surged in April and early May, with India emerging as a fast-growing market. Hot rolled coil prices rose across major regions, led by Brazil. India's crude steel production saw an 11% year-on-year increase in March, outpacing global trends. China's steel output contracted, though capacity cuts are expected to be delayed.

goldman sachs tech chief Marco Argenti suggests companies are misjudging AI's impact by tracking usage. He argues true productivity lies in a team's speed to develop future solutions, not individual tool adoption. At goldman sachs, AI enables rapid prototyping, transforming ideas into software almost instantly, fostering empowerment among employees.

Banking giants like JP Morgan, Standard Chartered, goldman sachs, and HSBC are embracing Artificial Intelligence, signaling a significant shift in the financial sector. While AI promises increased productivity and cost reduction, it's expected to reshape job roles, with some positions becoming obsolete.

Generative software is reducing entry-level roles, causing anxiety for young professionals. While some fear job collapse, leaders like goldman sachs CEO David Solomon believe automation will free workers for complex tasks, leading to an evolutionary leap. However, critics warn of a trap if automation only replaces jobs without creating new value, potentially leading to lower participation and meaningless roles.

IBM is investing $5 billion in Project Lightwell, a cybersecurity initiative to shield open-source software from advanced AI threats. Driven by concerns over AI models like Anthropic's Mythos, the project mobilizes 20,000 engineers from IBM and Red Hat. Major banks like goldman sachs and JPMorgan are already on board to bolster their defenses against emerging vulnerabilities.

They are today the drivers of the country’s services exports and GDP growth; they are doing cutting-edge tech work; India needs a GCC policy to make them catalyse our educational and research institutions, and our deeptech startup ecosystem

Alphabet has secured a massive $45 billion equity offering, with Warren Buffett's Berkshire Hathaway leading with a $10 billion investment. This substantial capital infusion is earmarked for bolstering Google's AI compute infrastructure, a critical area identified by CEO Sundar Pichai. The company anticipates a total of $85 billion for this AI build-out, underscoring its strategic focus on artificial intelligence.

OpenAI is reportedly preparing to file for an initial public offering as early as this week, working with goldman sachs and Morgan Stanley on the paperwork. This significant move for the AI industry could see shares sold to the public by September, following a court's rejection of Elon Musk's lawsuit.

JP Morgan CEO Jamie Dimon predicts artificial intelligence will reduce some banking jobs. The bank plans to hire more AI specialists and fewer traditional bankers. This shift will be managed through employee turnover and retraining. Other global banks also see AI impacting support roles and back-office operations. The pace of change requires careful societal consideration.

goldman sachs maintains a neutral stance on Jubilant Foodworks, citing margin pressures and slow Domino's growth. Nomura is bullish on BPCL, expecting earnings recovery. Morgan Stanley sees PI Industries returning to growth, with strong biologicals margins. Grasim Industries gets an upgrade on improving demand and margin-led growth.

HSBC CEO Georges Elhedery urged employees to embrace AI, acknowledging it will eliminate some roles while creating new ones. This comes as the bank reportedly explores a significant overhaul potentially impacting 20,000 jobs globally. HSBC is investing in AI tools and staff training to navigate this automation shift.

goldman sachs maintains a neutral stance on ITC, anticipating cigarette tax impacts. Citigroup is bullish on LIC, citing strong operational performance and margin expansion. Jefferies raises its target for Nykaa, impressed by robust growth and improving margins. CLSA sees significant potential in Honasa, with strong revenue and margin growth. Morgan Stanley remains overweight on LG Electronics India, despite margin pressures.

The traditional career ladder is shifting. Automation is impacting entry-level jobs, increasing competition. Young professionals face new challenges. TIAA CEO Thasunda Brown Duckett offers strategies for success. These include continuous learning, embracing unique backgrounds, and building opportunities for others. This approach helps navigate a dynamic workforce and build lasting careers.

But Delhi policy wonks just don’t get it. These centres today are drivers of services exports & GDP growth. Now, India needs a policy to make them catalyse our educational, research, and deep-tech ecosystem

Anthropic employees refused to sell their shares at the $350 billion tender offer earlier this year, and now we know why. The Claude maker has agreed a fresh $30 billion funding round at a $900 billion valuation, the Financial Times reported, nearly tripling its worth in three months. With revenue at $30 billion and an IPO expected by October, staff are sitting on a payday.

A US-Israeli war with Iran has triggered significant global economic fallout, with companies reporting at least $25 billion in losses due to soaring oil prices and disrupted trade routes. Businesses worldwide are implementing cost-cutting measures, including price hikes and reduced production, as the conflict impacts various sectors, particularly airlines.

In a last-minute development, President Trump reportedly invited Nvidia CEO Jensen Huang to join his China delegation, with Huang now on Air Force One. This comes amid earlier concerns about Nvidia's political implications. Trump confirmed Huang's presence alongside other prominent CEOs, stating his intention to urge President Xi to open China for business and collaboration.