News & Updates
The latest news and updates from companies in the WLTH portfolio.
Stansted Airport set for bank holiday CHAOS as staff plan four-day walkout over pay
Flight delays could hit Stansted Airport during the first May bank holiday weekend. Strikes will go ahead at the airport after a substandard pay offer was rejected. Around 100 ABM workers, who support passengers with disabilities, will walk out from May 3 to May 6. Unite has warned that the action will cause delays to flights, with longer boarding times expected. Sharon Graham, Unite general secretary, said: "ABM staff do a vital job for passengers at the airport, yet they are struggling with low pay while their employer makes huge profits. "This situation is unacceptable and workers at ABM continue to have Unite's full support." Many of the workers are paid below the London living wage of £14.80. They also claim that workloads have increased along with passenger numbers. In January, more than 1.89 million passengers passed through the airport, a two per cent rise on the same month last year. ABM, a global services company, reported $2.2 billion in revenue in March, up 6.1 per cent on the previous year. Steve Edwards, Unite regional officer said: "Workers at ABM are increasingly given bigger workloads and deserve pay that reflects this. "Their employer can afford to come back with an offer workers would accept and could end this dispute easily by doing so. "But until then, Unite members will strike until their voices are heard." A previous strike planned for April 17 to 20 was postponed to allow workers to vote on a last-minute pay offer. The agreement came after a strong strike ballot - reported as a 97 per cent vote for action by Unite. Workers said the offer failed to tackle low pay. ABM is a facilities company that provides special assistance services at Stansted - staff who help passengers with reduced mobility such as wheelchair users and those needing extra boarding help. Over 100 Unite union members at ABM rejected a pay offer which would have increased wages by 1p an hour in year one and 2-3p in year two.
FM Nirmala Sitharaman meets heads of banks on AI risks following concerns over Anthropic's Mythos
New Delhi: Finance Minister Nirmala Sitharaman on Thursday met heads of banks on risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model threatening data security of the financial systems. The meeting assumes significance in view of development of the Claude Mythos AI model by Anthropic claiming that it has found vulnerabilities in many major operating systems. According to sources, risks and measures needed to deal with AI were discussed at the meeting. The meeting chaired by the Finance Minister deliberated on various risks that AI posed on the financial sector, sources said, adding that banks have been urged to take preemptive measures to secure their systems, data and money of customers. The meeting was attended by top officials of banks, officials from Reserve Bank of India, and Ministry of Electronics and Information Technology. According to a senior finance ministry official, the ministry and the RBI are studying the extent of risks that the Indian financial sector faces from this breach. As per the reports, Anthropic said Mythos can outperform humans at cyber-security tasks, finding and exploiting thousands of bugs, including 27-year-old vulnerabilities, in major operating systems and web browsers. Anthropic, an US-based artificial intelligence company, said unauthorised access was made on its new model Mythos, which is deemed too dangerous for public release. Announced on April 7, Mythos is being deployed as part of Anthropic's 'Project Glasswing', a controlled initiative under which select organisations are permitted to use the unreleased Claude Mythos Preview model for defensive cybersecurity. Mythos is a powerful AI model that has sparked concerns among regulators about its unprecedented ability to identify digital security vulnerabilities and potential for misuse.
SpaceX partners with startup Cursor: Building the 'world's best' AI for the vibe coding era
Cursor which operates in the AI-assisted software development space sits at the center of this significant shift The announced SpaceX and Cursor deal represents a massive structural shift in the AI economy. It signals that AI coding tools have graduated from productivity apps to essential infrastructure. In line with recent revelations, SpaceX has secured a "call option" to fully acquire Cursor for $60 billion by the end of 2026. If SpaceX chooses not to acquire, they will instead pay a $10 billion fee for a strategic collaboration and shared compute access. This structure allows SpaceX to test integration before a full commitment while providing Cursor with a massive financial "floor." This deal gives SpaceX flexibility to determine whether Cursor becomes part of its broader AI and software infrastructure strategy or remains a long-term partner in a collaboration model. Cursor holds pivotal significance within the competitive ecosystem of AI coding tools, positioning itself between foundation models and deployment environments. This is significant because the company influences how software is produced at scale. Cursor's AI is embedded directly into the software production pipeline. As of February 2026, Cursor became the fastest company to hit $2 billion in annualized revenue, with over half of the Fortune 500 using the tool. While Cursor's primary bottleneck has been training compute, this deal grants them access to xAI's "Colossus" supercomputer. The SpaceX-Cursor arrangement fits into a wider pattern seen across the technology sector in recent years, where major platforms acquire or partner with companies controlling critical layers of digital production. Regarding SpaceX's infrastructure pivot, this moves signals expansion into software intelligence systems that support Starlink, Starship, and general engineering workflows. The company is preparing for a June 2026 IPO at a projected $1.75 trillion valuation. The deal follows the recent departure of xAI co-founders, helping Musk bring in elite AI talent from Cursor like Michal Truell and senior engineers. This follows a pattern seen with Microsoft/ Github, Google/DeepMind, where companies controlling the layers of digital production are being consolidated. The arrangement raises concerns about digital autonomy, as critical developer tools move away from open standards into large, closed ecosystems. At present, innovation is accelerating, the consolidation of critical developer tools within large ecosystems risks stifling openness in software creation. Nonetheless, the current high-value option structure reflects a new trend where tech giants negotiate for access to capability rather than immediate, outright ownership.
Stansted Airport set for bank holiday CHAOS as staff plan four-day walkout over pay
Flight delays could hit Stansted Airport during the first May bank holiday weekend. Strikes will go ahead at the airport after a substandard pay offer was rejected. Around 100 ABM workers, who support passengers with disabilities, will walk out from May 3 to May 6. Unite has warned that the action will cause delays to flights, with longer boarding times expected. Sharon Graham, Unite general secretary, said: "ABM staff do a vital job for passengers at the airport, yet they are struggling with low pay while their employer makes huge profits. "This situation is unacceptable and workers at ABM continue to have Unite's full support." Many of the workers are paid below the London living wage of £14.80. They also claim that workloads have increased along with passenger numbers. In January, more than 1.89 million passengers passed through the airport, a two per cent rise on the same month last year. ABM, a global services company, reported $2.2 billion in revenue in March, up 6.1 per cent on the previous year. Steve Edwards, Unite regional officer said: "Workers at ABM are increasingly given bigger workloads and deserve pay that reflects this. "Their employer can afford to come back with an offer workers would accept and could end this dispute easily by doing so. "But until then, Unite members will strike until their voices are heard." A previous strike planned for April 17 to 20 was postponed to allow workers to vote on a last-minute pay offer. The agreement came after a strong strike ballot - reported as a 97 per cent vote for action by Unite. Workers said the offer failed to tackle low pay. ABM is a facilities company that provides special assistance services at Stansted - staff who help passengers with reduced mobility such as wheelchair users and those needing extra boarding help. Over 100 Unite union members at ABM rejected a pay offer which would have increased wages by 1p an hour in year one and 2-3p in year two.
SpaceX Launches 24 Starlink Satellites on Falcon 9 Rocket From Vandenberg SFB
SpaceX successfully launched a Falcon 9 rocket carrying 24 Starlink satellites into low-Earth orbit from Vandenberg Space Force Base on Wednesday night, marking another routine addition to the company's rapidly expanding global internet constellation. The Falcon 9 lifted off from Space Launch Complex 4 East at 8:23 p.m. PDT on April 22, 2026, arcing southward over the Pacific Ocean in a spectacular nighttime display visible across much of Southern California. All 24 satellites were deployed approximately one hour after liftoff, bringing the total number of Starlink spacecraft in orbit closer to 9,000. The booster, making its fifth flight, performed flawlessly and landed on the droneship "Of Course I Still Love You" positioned in the Pacific, achieving SpaceX's 600th successful booster landing earlier in the week on a separate mission. The rapid reuse of Falcon 9 first stages continues to drive down launch costs and enable the high launch cadence that has become SpaceX's hallmark. This mission, designated Starlink Group 17-14, adds more capacity to the constellation's coverage over the Americas and Pacific regions. Starlink now provides high-speed, low-latency internet to users in remote and underserved areas worldwide, including rural communities, maritime operations, aviation and disaster response zones. The service has grown dramatically since its initial beta phase, with hundreds of thousands of active terminals in use across dozens of countries. SpaceX has maintained an aggressive launch schedule in 2026, with Vandenberg serving as the primary West Coast site for Starlink missions heading into polar or sun-synchronous orbits. These trajectories allow the satellites to provide coverage at higher latitudes that equatorial launches from Florida cannot efficiently reach. Wednesday's launch was the latest in a string of Starlink missions from California, following similar flights earlier in April. The payload consisted of the latest generation of Starlink satellites, equipped with improved laser inter-satellite links that enable faster data routing across the constellation without relying solely on ground stations. These upgrades have helped reduce latency and increase overall network performance, making Starlink more competitive with traditional fiber and terrestrial broadband services. Elon Musk, SpaceX's founder and chief executive, has repeatedly emphasized the importance of Starlink as a bridge to global connectivity and a key revenue driver for the company. The service supports SpaceX's broader ambitions, including future Mars colonization efforts, by generating cash flow that funds development of the Starship vehicle. Starlink also serves as a critical communications backbone for Starship test flights and other SpaceX missions. Wednesday's launch occurred without incident, with live webcasts on X and the SpaceX website drawing hundreds of thousands of viewers. Spectators along the California coast shared videos of the bright exhaust plume lighting up the evening sky, a common sight for residents near Vandenberg but one that never fails to captivate. The U.S. Space Force, which operates Vandenberg, continues to support SpaceX's frequent operations while balancing national security launches. The base remains one of the most important spaceports in the world, handling both commercial and government missions. Starlink's growth has not been without controversy. Some astronomers have raised concerns about the brightness of the satellites interfering with ground-based observations, though SpaceX has worked to mitigate the issue through darker coatings and operational adjustments. Regulatory bodies in multiple countries continue to monitor the constellation's impact on orbital debris and radio frequency interference. Despite those challenges, demand for Starlink remains strong. The service has proven particularly valuable in Ukraine, where it has maintained connectivity during conflict, and in remote parts of Africa, South America and the Pacific islands where traditional infrastructure is limited or nonexistent. Maritime and aviation versions of the terminal have also expanded the addressable market significantly. SpaceX plans dozens more Starlink launches in 2026, with both Florida and California sites contributing to the cadence. The company aims to maintain or exceed its record-setting pace from previous years as it works toward a constellation ultimately numbering in the tens of thousands of satellites. For Vandenberg, Wednesday's mission added another successful notch to its long history of space launches dating back to the early days of the U.S. missile and space programs. The base's coastal location provides an ideal trajectory for polar orbits while minimizing risk to populated areas. As the Falcon 9 first stage touched down on the droneship hours after liftoff, SpaceX teams prepared for the next mission already on the calendar. The company's ability to reuse boosters dozens of times has transformed the economics of space access, making frequent Starlink deployments financially viable. The addition of 24 new satellites will incrementally improve coverage density and redundancy within the network. Users in marginal coverage areas may notice better performance as the constellation fills out, while new customers continue to sign up for the service at a steady pace. Wednesday's launch underscores SpaceX's dominant position in the commercial launch industry and the central role Starlink plays in its business model. With Falcon 9 now a mature and highly reliable vehicle, the company is shifting increasing focus toward Starship development while keeping the Starlink machine running at full speed. As night fell over Southern California, the glow of the Falcon 9's engines briefly turned darkness into day, a vivid reminder of the rapid progress in commercial spaceflight. For SpaceX, it was another successful step in building the world's largest satellite constellation. For the growing number of Starlink users, it represented expanded access to high-speed internet from orbit. The mission's success further cements Vandenberg Space Force Base as a vital hub for America's space ambitions, both commercial and national security-related. With more Starlink flights scheduled in the coming weeks, the California coastline is likely to see many more nighttime rocket launches lighting up the sky in the months ahead.
Microsoft explored buying Cursor before SpaceX lined up a $60 billion deal
SpaceX now holds the rights to acquire Cursor for $60 billion or pursue a $10 billion partnership. Microsoft will keep focused on GitHub Copilot. Microsoft considered purchasing AI startup Cursor but ultimately went in a different direction. Cursor has since reached a major agreement with SpaceX that would see SpaceX acquire the company. SpaceX now holds the rights to purchase Cursor for $60 billion, though the deal also includes a separate option for SpaceX to instead pay $10 billion for a new partnership with the startup. Cursor is one of several AI coding assistants used by developers. It competes with tools from Anthropic (Claude Code), OpenAI (OpenAI Codex), and Microsoft (GitHub Copilot). SpaceX merged with xAI back in February. Both companies are controlled by Elon Musk. Now, the company will have a broader range of clients and users, regardless of if the deal leads to an acquisition or a partnership. One of the main benefits for cursor is access to more compute. "We've wanted to push our training efforts much further, but we've been bottlenecked by compute," said Cursor in a blog post. "With this partnership, our team will leverage xAI's Colossus infrastructure to dramatically scale up the intelligence of our models." SpaceX also announced the news on X earlier this week. The news of SpaceX and Cursor's deal broke on Tuesday, April 21, 2026, but we have since learned about Microsoft's former interest in Cursor. Despite looking into purchasing Cursor, Microsoft did not make an offer, according to CNBC. The outlet cited two sources, both of which chose to remain unnamed because discussions on the topic were private. Microsoft did not comment on the acquisition of Cursor or regarding any discussions centered around Microsoft purchasing the startup. Cursor did not respond to CNBC when reached out to. Cursor received a $50 billion valuation recently, as reported by CNBC. SpaceX coming to a $60 billion agreement demonstrates the ever-rising demand for AI. Microsoft already has GitHub Copilot, so Cursor was more of a curiosity than a necessity. And with the company already pouring billions into AI, its leaders likely prefer to double down on what they've built rather than chase another expensive bet. Join us on Reddit at r/WindowsCentral to share your insights and discuss our latest news, reviews, and more.
UAE Economy Shows Strength and Flexibility with 3.1% Growth Forecast for 2026, IMF Praises Agility, Central Bank Assets Exceed AED1 Trillion in Q1 2026 - News Directory 3
Bank deposits also strengthened across the system, climbing 1.9 percent to Dh3.4 trillion, while resident deposits rose 1.7 percent to Dh3.098 trillion, reflecting sustained liquidity and confidence in... The United Arab Emirates' economy continues to demonstrate resilience and adaptability in early 2026, with official data showing sustained growth in banking assets, credit expansion, and deposit increases, supported by strong liquidity and capital adequacy ratios that exceed international benchmarks. According to the Central Bank of the UAE, total banking sector assets rose 1.1 percent in February 2026 to exceed Dh5.472 trillion, up from Dh5.414 trillion in January. Credit growth remained steady, with total credit increasing 1.2 percent to Dh2.63 trillion, supported by a Dh20.6 billion rise in domestic credit. Bank deposits also strengthened across the system, climbing 1.9 percent to Dh3.4 trillion, while resident deposits rose 1.7 percent to Dh3.098 trillion, reflecting sustained liquidity and confidence in the banking sector. At the start of March, key stability metrics remained well above global benchmarks. The capital adequacy ratio stood at 17 percent, while the liquidity coverage ratio exceeded 146.6 percent, reinforcing the sector's resilience and capacity to absorb external shocks. These figures align with broader economic trends highlighted in recent reports, which note that the UAE economy accelerated in the early months of 2026 due to expanding banking activity, rising foreign trade flows, and sustained investment momentum. The International Monetary Fund has recognized the UAE's economic flexibility, describing it as "resilient and quick to respond" to changing conditions, while projecting growth of 5 percent for 2026 in its latest World Economic Outlook. UAE banks have further strengthened their international standing, with several institutions featured in Forbes' 2026 list of the world's best banks, including First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates Islamic, Emirates NBD, and Commercial Bank of Dubai. International rating agencies have reaffirmed the UAE's sovereign strength, with Moody's maintaining its Aa2 rating with a stable outlook following its review on March 30, 2026, and S&P Global Ratings affirming the UAE's sovereign credit rating at AA/A-1+ for both local and foreign currencies, also with a stable outlook. Analysts note that the UAE's economic model emphasizes stability, structural growth, and long-term opportunity in real assets, positioning it as a competitive alternative amid slowing growth in major economies such as the United States, China, and India. The combination of strong banking performance, prudent fiscal policies, and external credibility continues to support the UAE's role as a stable and adaptive economic hub in a shifting global environment.
Stansted Airport set for bank holiday CHAOS as staff plan four-day walkout over pay
Flight delays could hit Stansted Airport during the first May bank holiday weekend. Strikes will go ahead at the airport after a substandard pay offer was rejected. Around 100 ABM workers, who support passengers with disabilities, will walk out from May 3 to May 6. Unite has warned that the action will cause delays to flights, with longer boarding times expected. Sharon Graham, Unite general secretary, said: "ABM staff do a vital job for passengers at the airport, yet they are struggling with low pay while their employer makes huge profits. "This situation is unacceptable and workers at ABM continue to have Unite's full support." Many of the workers are paid below the London living wage of £14.80. They also claim that workloads have increased along with passenger numbers. In January, more than 1.89 million passengers passed through the airport, a two per cent rise on the same month last year. ABM, a global services company, reported $2.2 billion in revenue in March, up 6.1 per cent on the previous year. Steve Edwards, Unite regional officer said: "Workers at ABM are increasingly given bigger workloads and deserve pay that reflects this. "Their employer can afford to come back with an offer workers would accept and could end this dispute easily by doing so. "But until then, Unite members will strike until their voices are heard." A previous strike planned for April 17 to 20 was postponed to allow workers to vote on a last-minute pay offer. The agreement came after a strong strike ballot - reported as a 97 per cent vote for action by Unite. Workers said the offer failed to tackle low pay. ABM is a facilities company that provides special assistance services at Stansted - staff who help passengers with reduced mobility such as wheelchair users and those needing extra boarding help. Over 100 Unite union members at ABM rejected a pay offer which would have increased wages by 1p an hour in year one and 2-3p in year two.
Stansted Airport set for bank holiday CHAOS as staff plan four-day walkout over pay
Flight delays could hit Stansted Airport during the first May bank holiday weekend. Strikes will go ahead at the airport after a substandard pay offer was rejected. Around 100 ABM workers, who support passengers with disabilities, will walk out from May 3 to May 6. Unite has warned that the action will cause delays to flights, with longer boarding times expected. Sharon Graham, Unite general secretary, said: "ABM staff do a vital job for passengers at the airport, yet they are struggling with low pay while their employer makes huge profits. "This situation is unacceptable and workers at ABM continue to have Unite's full support." Many of the workers are paid below the London living wage of £14.80. They also claim that workloads have increased along with passenger numbers. In January, more than 1.89 million passengers passed through the airport, a two per cent rise on the same month last year. ABM, a global services company, reported $2.2 billion in revenue in March, up 6.1 per cent on the previous year. Steve Edwards, Unite regional officer said: "Workers at ABM are increasingly given bigger workloads and deserve pay that reflects this. "Their employer can afford to come back with an offer workers would accept and could end this dispute easily by doing so. "But until then, Unite members will strike until their voices are heard." A previous strike planned for April 17 to 20 was postponed to allow workers to vote on a last-minute pay offer. The agreement came after a strong strike ballot - reported as a 97 per cent vote for action by Unite. Workers said the offer failed to tackle low pay. ABM is a facilities company that provides special assistance services at Stansted - staff who help passengers with reduced mobility such as wheelchair users and those needing extra boarding help. Over 100 Unite union members at ABM rejected a pay offer which would have increased wages by 1p an hour in year one and 2-3p in year two.
Stansted Airport set for bank holiday CHAOS as staff plan four-day walkout over pay
Flight delays could hit Stansted Airport during the first May bank holiday weekend. Strikes will go ahead at the airport after a substandard pay offer was rejected. Around 100 ABM workers, who support passengers with disabilities, will walk out from May 3 to May 6. Unite has warned that the action will cause delays to flights, with longer boarding times expected. Sharon Graham, Unite general secretary, said: "ABM staff do a vital job for passengers at the airport, yet they are struggling with low pay while their employer makes huge profits. "This situation is unacceptable and workers at ABM continue to have Unite's full support." Many of the workers are paid below the London living wage of £14.80. They also claim that workloads have increased along with passenger numbers. In January, more than 1.89 million passengers passed through the airport, a two per cent rise on the same month last year. ABM, a global services company, reported $2.2 billion in revenue in March, up 6.1 per cent on the previous year. Steve Edwards, Unite regional officer said: "Workers at ABM are increasingly given bigger workloads and deserve pay that reflects this. "Their employer can afford to come back with an offer workers would accept and could end this dispute easily by doing so. "But until then, Unite members will strike until their voices are heard." A previous strike planned for April 17 to 20 was postponed to allow workers to vote on a last-minute pay offer. The agreement came after a strong strike ballot - reported as a 97 per cent vote for action by Unite. Workers said the offer failed to tackle low pay. ABM is a facilities company that provides special assistance services at Stansted - staff who help passengers with reduced mobility such as wheelchair users and those needing extra boarding help. Over 100 Unite union members at ABM rejected a pay offer which would have increased wages by 1p an hour in year one and 2-3p in year two.
Stansted Airport set for bank holiday CHAOS as staff plan four-day walkout over pay
Flight delays could hit Stansted Airport during the first May bank holiday weekend. Strikes will go ahead at the airport after a substandard pay offer was rejected. Around 100 ABM workers, who support passengers with disabilities, will walk out from May 3 to May 6. Unite has warned that the action will cause delays to flights, with longer boarding times expected. Sharon Graham, Unite general secretary, said: "ABM staff do a vital job for passengers at the airport, yet they are struggling with low pay while their employer makes huge profits. "This situation is unacceptable and workers at ABM continue to have Unite's full support." Many of the workers are paid below the London living wage of £14.80. They also claim that workloads have increased along with passenger numbers. In January, more than 1.89 million passengers passed through the airport, a two per cent rise on the same month last year. ABM, a global services company, reported $2.2 billion in revenue in March, up 6.1 per cent on the previous year. Steve Edwards, Unite regional officer said: "Workers at ABM are increasingly given bigger workloads and deserve pay that reflects this. "Their employer can afford to come back with an offer workers would accept and could end this dispute easily by doing so. "But until then, Unite members will strike until their voices are heard." A previous strike planned for April 17 to 20 was postponed to allow workers to vote on a last-minute pay offer. The agreement came after a strong strike ballot - reported as a 97 per cent vote for action by Unite. Workers said the offer failed to tackle low pay. ABM is a facilities company that provides special assistance services at Stansted - staff who help passengers with reduced mobility such as wheelchair users and those needing extra boarding help. Over 100 Unite union members at ABM rejected a pay offer which would have increased wages by 1p an hour in year one and 2-3p in year two.
FM meets heads of banks on AI risks following concerns over by Anthropic's Mythos
New Delhi | Finance Minister Nirmala Sitharaman on Thursday met heads of banks on risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model threatening data security of the financial systems. The meeting assumes significance in view of development of the Claude Mythos AI model by Anthropic claiming that it has found vulnerabilities in many major operating systems. According to sources, risks and measures needed to deal with AI were discussed at the meeting. The meeting chaired by the Finance Minister deliberated on various risks that AI posed on the financial sector, sources said, adding that banks have been urged to take preemptive measures to secure their systems, data and money of customers. The meeting was attended by top officials of banks, officials from Reserve Bank of India, and Ministry of Electronics and Information Technology.
Stansted Airport set for bank holiday CHAOS as staff plan four-day walkout over pay
Flight delays could hit Stansted Airport during the first May bank holiday weekend. Strikes will go ahead at the airport after a substandard pay offer was rejected. Around 100 ABM workers, who support passengers with disabilities, will walk out from May 3 to May 6. Unite has warned that the action will cause delays to flights, with longer boarding times expected. Sharon Graham, Unite general secretary, said: "ABM staff do a vital job for passengers at the airport, yet they are struggling with low pay while their employer makes huge profits. "This situation is unacceptable and workers at ABM continue to have Unite's full support." Many of the workers are paid below the London living wage of £14.80. They also claim that workloads have increased along with passenger numbers. In January, more than 1.89 million passengers passed through the airport, a two per cent rise on the same month last year. ABM, a global services company, reported $2.2 billion in revenue in March, up 6.1 per cent on the previous year. Steve Edwards, Unite regional officer said: "Workers at ABM are increasingly given bigger workloads and deserve pay that reflects this. "Their employer can afford to come back with an offer workers would accept and could end this dispute easily by doing so. "But until then, Unite members will strike until their voices are heard." A previous strike planned for April 17 to 20 was postponed to allow workers to vote on a last-minute pay offer. The agreement came after a strong strike ballot - reported as a 97 per cent vote for action by Unite. Workers said the offer failed to tackle low pay. ABM is a facilities company that provides special assistance services at Stansted - staff who help passengers with reduced mobility such as wheelchair users and those needing extra boarding help. Over 100 Unite union members at ABM rejected a pay offer which would have increased wages by 1p an hour in year one and 2-3p in year two.
Bankers meet Sitharaman on cyber threats from Anthropic's Mythos AI
Senior executives from public sector banks and other lenders met with Finance Minister Nirmala Sitharaman on Thursday. The meeting focused on the potential risks posed by artificial intelligence (AI), including its disruptive potential for the financial sector. One of the key concerns discussed was cybersecurity threats linked to Anthropic's new AI model "Mythos." There are fears that such systems could make it easier to identify and exploit software vulnerabilities.
Baird cuts Tesla stock price target on project focus, SpaceX tie By Investing.com
Investing.com - Baird lowered its price target on Tesla Inc. (NASDAQ:TSLA) to $522 from $538 while maintaining an Outperform rating on the shares. The target sits within a wide analyst range of $125 to $600, reflecting sharp disagreement on the stock's valuation. Tesla currently trades at $387.51 with a market cap of $1.45 trillion. The firm noted no change in its outlook for the electric vehicle maker. Baird said the first-quarter earnings call was more focused than historical quarterly calls, similar to the fourth-quarter call. The firm attributed this to CEO Elon Musk's concentration on Tesla's project pipeline and the upcoming SpaceX initial public offering. Baird views Tesla as a core long-term holding and expects the company's current projects to restore growth. In the near term, Baird said the stock is likely tied to the SpaceX IPO and potential merger speculation. The price target reduction comes as Baird maintains its positive stance on the automaker's long-term prospects. In other recent news, Tesla reported first-quarter revenue of $22.4 billion and earnings per share of $0.41, surpassing analysts' expectations of $22.1 billion and $0.35, respectively. The company's automotive gross margin, excluding credits, rose to 19.2%, benefiting from tariff relief and warranty writedowns. Tesla has also announced plans to add 1,000 jobs at its German gigafactory to boost production by about 20% in response to increased demand for the Model Y. Additionally, Tesla has entered into an agreement to acquire an AI hardware company for up to $2 billion in stock, with $1.8 billion contingent on performance milestones. Analyst firm Mizuho has adjusted its price target for Tesla to $480, citing demand headwinds, while maintaining an Outperform rating. Truist Securities has reiterated a Hold rating with a $400 price target, noting Tesla's transition towards artificial intelligence. Goldman Sachs has maintained a Neutral rating with a $375 price target, highlighting improved margins in Tesla's Auto and Energy segments. These developments reflect Tesla's ongoing efforts to expand production capabilities and integrate advanced technologies into its operations. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Anthropic overtakes OpenAI with $1T secondary market valuation after 233% revenue surge -- TFN
Anthropic now has an implied valuation of $1 trillion on secondary markets, making it the most valuable private AI company by this measure and overtaking OpenAI. On Forge Global, a major private share marketplace, Anthropic is valued at about $1 trillion, while OpenAI is at $880 billion, reports Business Insider. The main reason for this shift is Anthropic's fast revenue growth. Its annualised revenue jumped from $9 billion at the end of 2025 to $30 billion by March 2026, a 233% increase in just one quarter, driven primarily by strong demand for its coding tools, according to Bloomberg. Many people want to buy Anthropic shares, but there are not many available because employees and early investors have had few chances to sell. As buyers compete for the limited shares, prices go up quickly. This is why one shareholder can ask for $1.15 trillion while the average on the platform is $1 trillion. Secondary market valuations are meaningful but not conclusive, as seen in 2021 before the correction that reduced many private company valuations by 60-70% between 2022 and 2024. The trillion-dollar figure will be truly tested when Anthropic files its S-1. Reports indicate an IPO target of $400-$500 billion, advised by Goldman Sachs and JPMorgan, possibly in October 2026. If this target is accurate, the secondary market is anticipating an outcome about twice what the company's bankers expect at listing.
Anthropic's Mythos is an inflection point, the rules of cybersecurity will have to be rewritten
The life of a cybersecurity executive has been upended by the arrival of a new class of artificial intelligence systems that can sift through vast swathes of software and surface weaknesses at a speed no human team can match. Sharda Tickoo, country manager for India & SAARC at TrendAI (formerly Trend Micro), says she has spent the past fortnight incessantly talking to clients, partners and stakeholders -- fielding alarm, explaining context, and mapping out a path forward. "It is now established that AI has crossed a threshold where it can discover vulnerabilities at a level comparable with top human researchers, but at a speed and scale humans simply cannot match," she says. "The same capability can defend or be weaponised."The catalyst for this collective anxiety is Mythos, a frontier AI model developed by Anthropic that has demonstrated a remarkable -- and deeply unsettling -- ability to surface zero-day vulnerabilities across major operating systems and web browsers. Its emergence has prompted crisis talks among regulators worldwide, and inside the industry, it has accelerated a reckoning that many say was long overdue.Diwakar Dayal, MD and area VP for India & SAARC at SentinelOne, has lived through every major technology wave of the past three decades -- the birth of the internet, the cloud era, the mobile revolution. He is unequivocal that this one is different. "Every previous wave took years to unfold. This one is almost on steroids," he says. "Unless you respond to AI-driven attacks with AI-driven defence, it is an impossible battle." For Dayal, the starkest illustration of the shift is the shrinking gap between vulnerability discovery and exploitation. "Fifteen years back, the gap was maybe two years. Then it became months. Now it is hours," he says. "You cannot patch everything. That game is already lost."That compression has rendered traditional security practices inadequate at a structural level. For years, the industry's backbone was the patch cycle -- find the flaw, fix the flaw. But as Tickoo notes, the backlog of unpatched vulnerabilities was already enormous before Mythos arrived. "Enterprises are still struggling to patch n-minus-ten vulnerabilities (security flaws present in software versions that are ten releases behind the current, most up-to-date version)," she says. "Mythos has not created new vulnerabilities so much as revealed what was already there. It simply compresses the timeline of exploitation."AI native defenceThe industry's response is coalescing around a single principle: security must become AI-native, not merely AI-assisted. Tickoo is emphatic on the distinction. "Traditional tools were built for human-led detection. That model does not hold when AI can uncover thousands of vulnerabilities across systems," she says. At TrendAI, that means integrating Claude models directly into its platform to drive what she calls "agentic autonomous security operations" -- systems that learn continuously, prioritise intelligently, and act without waiting for human instruction. The company's Zero Day Initiative programme, long a researcher-driven effort to surface vulnerabilities, is itself being made more automatic and agentic. Dayal echoes this at SentinelOne, where the company's endpoint security platform operates in real time, detecting and containing threats at machine speed irrespective of whether a patch exists. "If you use traditional methods," he says simply, "it is not possible."For the time being practices like virtual patching -- placing a protective wrapper around a known vulnerability to block exploitation without requiring a restart or downtime -- have become a critical stopgap in this environment. Tickoo explains that while it has always existed, it is now becoming non-negotiable. "You will not be able to patch everything because it requires downtime," she says. "Virtual patching acts as a compensating control. Technically, the vulnerability is still there inside the asset, but the moment anyone tries to exploit it, it will be blocked."Satykam Acharya, co-founder and director of offensive practices at Infopercept, argues that the real challenge is not simply discovery but prioritisation. "Most breaches are not caused by complex zero-days," he says. "They come from misconfigurations, weak identity controls, or exposed credentials. In many cases, attackers are no longer hacking in -- they are simply logging in." His firm's approach focuses on helping clients answer three questions: which vulnerabilities are actually exploitable, which create real business risk, and what to fix first.Philippa Cogswell, managing partner for JAPAC at Palo Alto Networks Unit 42, describes the present moment as a "definitive inflection point", noting that Palo Alto's own tests with Mythos showed how the AI system completed a year's worth of penetration testing in under three weeks. "Defending against an attacker who can do in minutes what a team does in weeks requires a completely different approach," she says. "This is why we are seeing a move towards platformisation, where security data is consolidated so AI can detect, prioritise and respond to threats in real time."Balaji Rao, Area VP for India & SAARC at Commvault, says detection and prevention remain essential, but they are no longer enough when attack chains can move at machine speed. He says that Commvault, which specialises in data protection and cyber recovery for enterprises, has adopted a "ResOps" approach, where recovery systems are continuously validated rather than periodically reviewed.Sunil Gupta, co-founder and CEO of QNu Labs, takes the most unsparing view: "Mythos is not a warning. It is a verdict on the past decade of cybersecurity complacency." He advocates for quantum-safe architectures as the only route beyond what he calls "a continuous, expensive, losing cycle" of patching.Job opportunities galoreFor all the turbulence, there is one note of striking optimism: this is, by most accounts, an extraordinary moment to build a career in cybersecurity. "If anyone is looking for a career, the future is in cyber," says Dayal. "This industry can absorb a lot more people." But the bar has risen sharply. The next generation of professionals will need fluency not just in networks and systems, but in AI infrastructure, model security, prompt injection attacks, and the architecture of agentic systems. "We don't need people with basic knowledge anymore," Dayal says. "We need people who can understand complexity at a much deeper level." Tickoo agrees: "It will become more specialised -- and there will be a reskilling from a cybersecurity standpoint."
Altman Escalates AI Governance Clash, Accuses Anthropic of 'Fear-Based Marketing' of Mythos in Deepening Battle Over Frontier Model Control - Tekedia
The competition over frontier artificial intelligence has moved beyond product rivalry into an open dispute over narrative control, safety authority, and who gets to define the boundaries of access. OpenAI CEO Sam Altman has accused rival Anthropic of deliberately amplifying existential fears to market its newest model, Claude Mythos, while simultaneously restricting access to a tightly selected group of corporate partners. Speaking on the "Core Memory" podcast hosted by Ashlee Vance, Altman characterized the messaging around Anthropic's rollout as strategically alarmist. "It is clearly incredible marketing to say, 'We have built a bomb. We were about to drop it on your head. We will sell you a bomb shelter for $100 million to run across all your stuff, but only if we pick you as a customer,'" he said. The framing points to a deeper ideological divide in Silicon Valley over whether frontier AI systems should be broadly distributed under controlled safeguards or concentrated within a limited set of vetted institutions. Anthropic has opted for the latter approach with Claude Mythos. The company has withheld a public release, citing heightened cybersecurity capabilities within the model, particularly its ability to identify system vulnerabilities that could be misused. Instead, it introduced a restricted access framework known as Project Glasswing. Under that programme, only 11 organizations were granted access, including Google, Microsoft, Amazon Web Services, Nvidia, and JPMorgan Chase. The selection spans cloud infrastructure, semiconductor manufacturing, and financial services, effectively placing frontier model access within a narrow layer of global digital infrastructure providers. The rationale is rooted in the containment risk for Anthropic. As models become more capable of autonomous reasoning and system-level analysis, the potential for dual-use exploitation increases, particularly in cybersecurity contexts. Restricting access, in this view, becomes a precondition for controlled experimentation. Altman rejects the implication that such restrictions are neutral or purely safety-driven. He argues that they also function as a form of narrative positioning that consolidates authority over AI deployment decisions. "There are people in the world who, for a long time, have wanted to keep AI in the hands of a smaller group of people," he said. "You could justify that in a lot of different ways, and some of it's real like there are going to be legitimate safety concerns. But if what you want is like, 'We need control of AI, just us, because we're the trustworthy people, I think the fear-based marketing is probably the most effective way to justify that." The disagreement reflects a broader structural tension emerging in the AI sector: whether governance should be decentralized through broad access and iterative safeguards, or centralized through controlled deployment to a small set of institutions deemed capable of managing systemic risk. OpenAI, where Altman leads operations, has generally pursued a more distributed model, releasing models to the public with layered safety constraints, usage monitoring, and incremental capability expansion. Even so, Altman acknowledged that not all systems would be broadly released. "There will be very dangerous models that will have to be released in different ways," he said. "The goal here is to benefit everybody and also to, I don't say market this in a way but like get the world to come on this journey with us, and to say, 'We are going to give you more powerful technology, there's going to be responsibility that goes along with that.'" "We are going to try to help set up the world for as much success as we can," he added. The contrast between the two approaches has sharpened as model capabilities accelerate. Anthropic's Claude Mythos reportedly demonstrates heightened competence in identifying cybersecurity weaknesses, a capability that raises both defensive and offensive implications. In restricted-release environments such as Project Glasswing, those risks are managed through controlled exposure, limiting both the user base and the operational context. Critics of restricted deployment models believe that they risk concentrating power in a small set of corporations, effectively turning frontier AI into an infrastructure layer governed by private gatekeepers rather than broadly accessible tools. Proponents counter that premature mass deployment could amplify misuse risks before sufficient containment mechanisms are established. The rivalry has also become increasingly personal. Anthropic's chief executive, Dario Amodei, previously held senior roles at OpenAI before founding the competing firm, embedding institutional memory and philosophical divergence into the competition itself. Altman suggested that the broader discourse around AI risk has intensified tensions within the industry. "I think the doomerism talk hasn't helped. I think the way certain other labs talk about us hasn't helped," he said, adding, "I think the way Anthropic talks about OpenAI doesn't help." Beyond corporate positioning, the dispute indicates an unresolved policy vacuum. Governments have yet to establish consistent global frameworks for frontier AI deployment, leaving major labs to effectively define their own governance regimes. In that environment, safety arguments, commercial strategy, and institutional trust become difficult to separate. What is emerging is not just a product race, but a contest over legitimacy: who is authorized to build, release, and constrain systems that are increasingly embedded in critical infrastructure, financial networks, and cybersecurity operations. As capability thresholds continue to rise, the divide between open deployment and controlled access is likely to deepen, turning today's rhetorical conflict into a defining fault line in the governance of advanced artificial intelligence.
Anthropic Surges to $1 Trillion on Secondary Markets While OpenAI Trades Below Its Official Valuation
Buyers are piling into shares of Anthropic while stock in OpenAI struggles to attract the same demand, flipping the AI valuation race on secondary markets Anthropic is trading at around $1 trillion on Forge Global, where investors buy and sell shares in private companies, according to its CEO Kelly Rodriques, who confirmed the activity to Business Insider on April 23. OpenAI shares, by contrast, are trading at about $880 billion on the same platform. The divergence is striking. Anthropic last raised funding at a $380 billion valuation in February and is now trading at roughly 2.6 times that level. OpenAI, which closed a round at $852 billion in March, is already trading below its most recent valuation. Secondary markets allow investors to trade shares in private companies ahead of an IPO. Prices here reflect what buyers are willing to pay in real time, rather than valuations negotiated privately with a small group of venture capital firms. As a result, they are often seen as a more immediate gauge of market sentiment. That sentiment currently favours Anthropic. One shareholder has offered stock at a $1.15 trillion valuation, according to Ken Sawyer of Saints Capital, while a major growth fund has bid $1.05 trillion, according to Jesse Leimgruber, founder of OpenHome, in a post on X. Demand appears intense. Glen Anderson, CEO of Rainmaker Securities, said deals are closing almost as quickly as they appear. "We get an offer, and then within a day someone else has already bought it. There are almost no sellers," he told Business Insider. OpenAI is seeing the opposite dynamic. "OpenAI has been a very tepid market," Anderson said. "The sentiment has certainly shifted to Anthropic." The surge in interest is partly tied to growth. Anthropic's revenue reached an estimated $30 billion annually by March, up from $9 billion at the end of 2025, according to research firm Sacra, suggesting rapid expansion in demand for its AI products. Investors already holding shares are in no rush to sell. Bradley Horowitz, a general partner at Wisdom Ventures, said his firm receives constant inbound offers. "We receive daily offers from the ridiculous to the sublime. I barely open those emails because we're not interested. We are playing a long game," he told Business Insider. There is also a signalling effect at play. "It's almost less about the return than being able to say they're an Anthropic investor," Anderson said, noting that some venture firms and family offices see ownership as a status marker as much as a financial bet. Still, investors point to fundamentals. Anthropic has raised significant capital, built a growing enterprise customer base, and is scaling quickly. Anderson described the company's trajectory as "an epic run," with investors eager to secure what he called "a generational opportunity in AI," adding that "Anthropic is in the pole position." Both Anthropic and OpenAI are expected to go public later this year, and secondary market activity is offering an early signal of how those listings might be priced. For Anthropic, the risk is clear. If it lists below current secondary valuations, late buyers could face steep losses. For OpenAI, trading below its last funding round raises questions about whether its private valuation will hold up in public markets. For now, by one of Wall Street's most closely watched signals -- what investors are willing to pay today -- Anthropic appears to have taken the lead. Whether that lead holds will depend on how both companies perform as they approach the public markets later this year.
FM meets heads of banks on AI risks following concerns over Anthropic's Mythos
New Delhi, Apr 23 (PTI) Finance Minister Nirmala Sitharaman on Thursday met heads of banks on risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model threatening data security of the financial systems. The meeting assumes significance in view of development of the Claude Mythos AI model by Anthropic claiming that it has found vulnerabilities in many major operating systems. According to sources, risks and measures needed to deal with AI were discussed at the meeting. The meeting chaired by the Finance Minister deliberated on various risks that AI posed on the financial sector, sources said, adding that banks have been urged to take preemptive measures to secure their systems, data and money of customers. The meeting was attended by top officials of banks, officials from Reserve Bank of India, and Ministry of Electronics and Information Technology. According to a senior finance ministry official, the ministry and the RBI are studying the extent of risks that the Indian financial sector faces from this breach. As per the reports, Anthropic said Mythos can outperform humans at cyber-security tasks, finding and exploiting thousands of bugs, including 27-year-old vulnerabilities, in major operating systems and web browsers. Anthropic, an US-based artificial intelligence company, said unauthorised access was made on its new model Mythos, which is deemed too dangerous for public release. Announced on April 7, Mythos is being deployed as part of Anthropic's 'Project Glasswing', a controlled initiative under which select organisations are permitted to use the​ unreleased Claude Mythos Preview model for defensive cybersecurity. Mythos is a powerful AI model that has sparked concerns among regulators about its unprecedented ability to identify digital security vulnerabilities and potential for misuse. PTI DP TRB TRB
