Business Desk

A senior researcher at Anthropic resigned after warning that AI companies are racing toward self-improving superintelligence and risking humanity.

Former Anthropic and OpenAI researcher Jacob Coxon has resigned, citing a dangerous race toward superintelligence and a lack of formal safety plans.

Nvidia CEO Jensen Huang declared that AGI has arrived following OpenAI's launch of the GPT-6 Astra model, which was trained on over 100,000 Nvidia systems.

Jaguar Land Rover is eliminating 4,000 jobs globally over the next two years to save £1.7 billion and fund investments in electrification and technology.

BMW India launched the i5 Long Wheelbase electric sedan at Rs 79.60 lakh, featuring local production in Chennai, a 669km range, and an 81.6kWh battery.

China Evergrande founder Hui Ka Yan was sentenced to life in prison by a Shenzhen court after pleading guilty to multiple charges including fraud and bribery.

Evergrande Group founder Hui Ka Yan has been sentenced to life in prison for large-scale financial fraud, capping a historic collapse that left the developer with over $300 billion in liabilities.

The Blackstone-backed Horizon Industrial Parks IPO opened for subscription, drawing mixed investor response and a cautious grey market premium.

Reliance Industries and Rolls-Royce have announced a strategic partnership to develop an indigenous combat engine for India's AMCA program.

The S&P 500 closed at a record high driven by easing inflation data and strong gains in technology stocks, boosting hopes for a Fed rate pause.

Mike Ashley's retail empire has rescued the luxury department store chain out of administration, promising a significant restructuring.

The Intercept Media and the Freedom of the Press Foundation filed a federal lawsuit against President Donald Trump and Trump Media over the Truth API service.

The crew of Mark Zuckerberg's yacht reportedly missed a Coast Guard radio call to assist a stranded skiff in Alaska, though Meta says they were unaware of it.

Disability support provider Rocky Bay has moved its head office to the former Alcoa headquarters in Booragoon after selling its Mosman Park site for $56 million.

Google DeepMind co-founder Demis Hassabis is stepping down to become Alphabet chief scientist, while longtime AI leader Jeff Dean departs to launch a startup.

Air India has named Tewolde Gebremariam as its new CEO and managing director, succeeding Campbell Wilson under Tata Group ownership.

Chennai's 24-carat gold price hit ₹14,242 per gram on August 3, 2026, reflecting regional variations and broader macroeconomic dynamics in the market.

MV Electrosystems' IPO closed with a strong grey market premium pointing to 27 percent listing gains, driven by high retail and NII demand.

WestJet flight attendants have launched a strike during a peak travel weekend, canceling hundreds of flights over a bitter labor dispute concerning unpaid ground duties and compensation.

Capital One stated it closed over 300 accounts linked to the Trump Organization following an anti-money laundering review, disputing claims of political bias.