The Enforcement Directorate has frozen bank deposits worth ₹526 crore in a Prevention of Money Laundering Act (PMLA) case linked to Gameskraft. The agency also seized jewellery worth ₹3.5 crore. The Karnataka High Court has granted the ED time till next Tuesday to file its objections to petitions filed by Gameskraft founders, who have challenged their arrest in the case.

OpenAI CEO Sam Altman's net worth is $4 billion, despite owning no stock in the ChatGPT-maker, Forbes reported. His net worth was calculated based on his newly released stakes in certain companies part of Elon Musk's lawsuit. Altman revealed that he owns stock worth $2 billion in companies that do business with OpenAI, including Cerebras, Helion, Reddit and Stripe.

OpenAI said two employee devices were impacted after a widely used open-source library was targeted in a broader supply-chain attack known as "Mini Shai-Hulud". The company said limited credential material was stolen in the attack. OpenAI clarified that no user data or production systems were breached, adding that affected credentials were revoked following the incident.

Anthropic's Indian-origin CFO Krishna Rao said more than 90% of Anthropic's code is now written using Claude Code, the startup's AI-powered coding assistant. "We've hired a lot more people because of that," Rao said, referring to AI-driven productivity gains. He also highlighted how central computing infrastructure has become to Anthropic's operations, calling it the "lifeblood" of the business.

Future AI agents may become proactive and anticipate users' needs before they're even asked, Anthropic executive Cat Wu told TechCrunch. She suggested that the next stage of AI development will revolve around systems that understand a user’s workflow and routines to automate tasks on their own without repeated inputs. Anthropic's Claude has also reportedly gained popularity among business users.

OpenAI's Chief Futurist, Joshua Achiam, was gifted a trophy by colleagues that read "never stop being a jackass for safety" after he stood up to Elon Musk over AI safety concerns, a US court heard. Achiam told the court that Musk had "snapped" at him and called him a "jackass". OpenAI lawyers reportedly also brought the trophy to the trial.

For the first time, Anthropic has more verified business customers than OpenAI, according to data from fintech firm Ramp. The data revealed 34.4% of businesses are paying for Anthropic services, more than any other AI lab, while only 32.3% pay for OpenAI. Anthropic's services have seen a huge spike in adoption, particularly as several companies embraced Claude Code.

The Supreme Court refused to stay Raghuvanshi Investment's May 17 meeting in a new case filed by Rani Kapur against her daughter-in-law Priya. "Why are you here again? If you're not interested [in mediation]...we'll not waste time," the court said. "We all [come and go] with empty hands. All we carry is our souls," it added, urging parties to mediate.

HCLTech may invest $150 million and lead a $300 million funding round in Sarvam AI, Moneycontrol reported. The deal is expected to value Sarvam AI at $1.5 billion, marking a sevenfold jump from 2023. The round, likely to close in the coming weeks, is set to become India's largest private startup funding deal this year.

India and the UAE are expected to finalise agreements to strengthen cooperation in LPG and strategic petroleum reserves during Prime Minister Narendra Modi's UAE visit on May 15, PTI reported. The visit comes shortly after the UAE's exit from the Organisation of the Petroleum Exporting Countries (OPEC). The two sides will also discuss ways to expand bilateral trade and investments.