The global competition in AI has intensified as Microsoft and Anthropic are considering a potential partnership for a custom AI chip. Meanwhile, OpenAI’s CEO Sam Altman has clarified that preparations for an IPO do not ensure a public offering, despite speculation of a valuation reaching $1 trillion. Furthermore, Zoom has increased its guidance following significant growth in AI adoption, Kerala has inaugurated India’s first cabinet-level AI department under PK Kunhalikutty, and ongoing layoffs at Meta and Amazon continue to impact Indian H-1B workers in the US tech industry.
First Published: May 22, 2026 10:49 AM IST
