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An attacker who breached Fireworks AI's cloud provider reached a development system and took customer billing data and some datasets, including Notion AI chat transcripts. Notion says about 1 per cent of its customers were affected. Fireworks believes the motive is financial, selling access to models.
PhysicsWallah told analysts that AI now writes around 90 per cent of its code, and credited AI efficiencies for slightly lower headcount and faculty numbers in the second quarter of FY27. Profit doubled to Rs 142 crore on revenue of Rs 1,242 crore, while the offline business remains loss-making.
While the Nasdaq suffered its worst day since April 2025 and Asian chip stocks fell 6 to 7 per cent, Indian benchmarks extended a seven-session winning streak on 6 November with Infosys, TCS and HCLTech in focus as a services-led alternative to AI hardware. Brent's swing back towards $100 on Hormuz disruption remains the sector's main macro risk.
The Nasdaq fell 5.5% on 5 November, its steepest drop since April 2025, with Nvidia and Qualcomm each down more than 9%. Investors fear AI infrastructure spending will slow after US voters rejected local data-centre projects in all but one of 41 ballot measures.
As Qatari-mediated talks continued, Iran's leadership reiterated that regional seabed cables, data centres and AI facilities would be struck if its civilian infrastructure is attacked again. The warning lands on a region that has already seen drone strikes on AWS facilities and that is planning more than $300 billion of AI investment.
At the Business Standard BFSI Insight Summit, chief executives from IndusInd Bank, RBL Bank and IDFC First Bank argued that Indian lenders are ahead on AI experimentation but must now commit to controlled, outcome-linked roll-outs. They stressed data governance, board-level AI policy and human accountability for customer-affecting decisions.
Infosys reported Q2 FY27 revenue of $5.15 billion, up 1.5 per cent in constant currency, with AI-related revenue growing 29 per cent quarter on quarter to 10.5 per cent of the total. Large-deal wins reached $5.2 billion, including one contract worth more than $2 billion, while full-year growth guidance narrowed to 1 to 2 per cent.
Adani Enterprises and US manufacturer Jabil have signed a non-binding MoU for an equal joint venture to manufacture and assemble AI racks, servers, storage, networking and the power and cooling equipment around them in India. The venture targets multi-gigawatt rack capacity and builds on a strategic alliance announced in June.
Budgets are moving away from isolated pilots toward integration, data readiness and change management — the unglamorous work that determines whether AI reaches production.
