Anthropic CEO Dario Amodei warned Tuesday that artificial intelligence has created a narrow window for the world’s tech firms, governments and banks to fix tens of thousands of software vulnerabilities found by his company’s latest model.
Advertisement
That AI model, Mythos, was previewed last month along with the disclosure that it had unearthed decades-old vulnerabilities in crucial software.
Since AI models from geopolitical adversary China are “maybe six to 12 months” behind the Anthropic product, there is “roughly that amount of time” to fix these issues, Amodei said.
“The danger is just some enormous increase in the amount of vulnerabilities, in the amount of breaches, in the financial damage that’s done from ransomware on schools, hospitals, not to mention banks,” Amodei said.
Advertisement
Anthropic has limited Mythos to a few partner companies because of concerns about what criminals or adversarial nations could do with it. The last several of the company’s model updates have reverberated through the markets, but Mythos has caused the most concern from corporations and policymakers alike.
The scale of potential cyber exploits has ballooned with each generation of Claude, Amodei said. An earlier Anthropic model found roughly 20 vulnerabilities in the Firefox browser. Mythos found nearly 300, and the total count across all software now runs into the tens of thousands, he said.
Most of the vulnerabilities found by Mythos haven’t been publicly disclosed because they remain unpatched, and “the bad guys will exploit” them if they are identified, Amodei said.
‘A better world’
Despite the alarm, both Amodei and Dimon also struck a note of conditional optimism.
Advertisement
“This is about a moment of danger where if we respond to it correctly, and I think we started to take the first steps, then we can have a better world on the other side,” Amodei said. “There are only so many bugs to find.”
Dimon also said that while the cyber fears were justified, the cybersecurity risks created by AI are a “transitory period.”
On the question of regulation, Amodei said that AI oversight should resemble what’s done in the automotive industry, striking a balance between consumer safety and allowing the industry to compete.
“You can’t just start a car company without ‘Are there brakes on this thing?’” he said. “We need to grope our way to some process that lets the industry operate expeditiously, is fair, but puts guardrails on the most serious things.”
Advertisement
The company’s event, and its setting with Dimon, the financial industry’s best-known spokesman, seemed to demonstrate Anthropic’s lead over OpenAI in the enterprise AI market as both companies head toward potential IPOs.
Anthropic announced on Tuesday an expansion of its financial services platform, including 10 new AI agents for investment banking and back-office work, as well as integration across Microsoft’s various Office programs. The company also said its latest widely available model — Claude Opus 4.7 — leads benchmarks for financial analysis tasks.
The LUCID logo is shown at the LA Auto show “AutoMobility LA” in Los Angeles, California, U.S. Nov. 20, 2025.
Mike Blake | Reuters
DETROIT — Lucid Group plans to take actions to better align its production with customer demand for its luxury all-electric vehicles, the company said Tuesday.
Advertisement
The EV manufacturer said it needs to lower its “elevated inventory” of vehicles, which for automakers has historically meant lowering or idling vehicle production.
A company spokesman on Tuesday told CNBC that there is currently no plan to idle its sole U.S. plant in Arizona, but declined to reconfirm the company’s prior production guidance of between 25,000 and 27,000 units.
Lucid, in a release Tuesday, said it will take “further steps to align production with anticipated deliveries and customer demand.” The company did not include the guidance in its release.
The company has produced roughly 3,200 more vehicles than it has sold since 2024, according to its annual production and deliveries. That includes a difference of roughly 2,000 units last year and 2,400 vehicles during the first quarter of 2026.
Advertisement
“We ended the quarter with elevated inventory that we expect to convert to revenue and cash as deliveries normalize, while maintaining alignment between production and sales cadence. Our focus is on disciplined execution — driving structural cost improvements, managing capital efficiently, and improving operating leverage as we scale,” Lucid CFO Taoufiq Boussaid said in a statement.
The comments came as the company reported its first-quarter results that were in line with preliminary results released by the company a month ago, but still significantly missed Wall Street’s expectations.
Here’s how the company performed in the first quarter compared with average estimates compiled by LSEG:
Loss per share: $3.46 vs. a loss of $2.64 expected
Revenue: $282.5 million vs. $440.4 million expected
The company’s revenue increased roughly 20% year-over-year but was far lower than the 87.4% jump analysts were expecting, according to LSEG.
Lucid produced 5,500 vehicles and delivered 3,093 vehicles in the first quarter of 2026.
Advertisement
The all-electric vehicle maker said a seat supplier issue “significantly affected” deliveries of its crucial Lucid Gravity SUV during the quarter.
Several other automakers have said high gas prices caused by the war in Iran have led to increased interest in all-electric vehicles following a dearth in demand after the Trump administration ended consumer incentives last year of up to $7,500 for the purchase of an EV.
Lucid reported a 144% increase in North America order intake from February to March.
Gibson Energy Inc. (GEI:CA) Shareholder/Analyst Call May 5, 2026 12:00 PM EDT
Company Participants
James Estey Nathalie Wyman Tara Hingley Riley Hicks – Senior VP & CFO Colin Gair Jon Ozirny – VP of Legal & General Counsel Cody Johnson Darcy Smith Chris Garcia Curtis Philippon – CEO, President & Non-Independent Director
Advertisement
Presentation
James Estey
Okay. We’re going to start early. Good morning, and welcome to the Annual Shareholder Meeting of Gibson Energy. My name is Jim Estey, and I am the Chairman of Gibson Board. And in accordance with the bylaws of the company, I will act as chair of the meeting. Given the importance of safety within Gibson, and our culture, we will start today this meeting with a safety moment from Nathalie Wyman. That will be followed by a land acknowledgment from Tara Hingley and an introduction of the directors and officers who have joined us today. Following completion of these preliminary matters, we will then move into the formal part of the meeting during which you, our shareholders or duly appointed proxyholders will vote on the 3 matters set forth in the management information circular.
Finally, our President and CEO, Curtis Philippon, will provide a company update, which will be followed by question-and-answer period, which you, shareholders and proxyholders are invited to ask questions of the directors and the executive management. At the conclusion of our program, the directors and officers and senior management will be available in the room to answer further questions you may have. I will now call on Nathalie to provide a safety moment.
Advertisement
Nathalie Wyman
Thank you, Mr. Chair. As we begin today, I would like to take a moment to acknowledge that Canadian Mental Health Week began yesterday and continues until Sunday, May 10. This year, Mental Health Week recognizes the role we all play in supporting mental health through connection. At Gibson, Mission Zero is
Utz Quality Foods is recalling certain Zapp’s and Dirty brand potato chips that were sold at retail stores nationwide, the Food and Drug Administration said.
The voluntary recall follows a notification to the company that a seasoning containing dry milk powder may contain the presence of salmonella. It was sourced from California Dairies Inc. and supplied by a third party.
Advertisement
The FDA said the affected seasoning batches tested negative for salmonella prior to use, but Utz is recalling the limited varieties of chips out of an abundance of caution. The company is recalling the products based on the ingredient supplier’s recall.
No other products produced by Utz Quality Foods are affected, and “We are working in coordination with the U.S. Food and Drug Administration on this recall,” the company told FOX Business in a statement.
Utz has not received any complaints of illness in connection with the recalled products. Customers who have the affected products should not eat them and should discard them.
Advertisement
Utz Quality Foods recalled products:
Zapp’s Brand Bayou Blackened Ranch Potato Chips, 1.5 oz.
Utz Quality Foods is recalling certain Zapp’s 1.5-oz. Bayou Blackened Ranch Potato Chips. (FDA)
Shares of ideaForge Technology Limited witnessed significant bulk deal activity on Tuesday, with multiple institutional investors picking up stakes in the company. Leading the transactions, BNP Paribas, through its affiliate BNP Paribas Financial Markets, bought over 5 lakh shares worth approximately Rs 39 crore at Rs 783.29 apiece.
In addition to BNP Paribas, several other investors were active on the buy side. QE Securities LLP acquired 3.4 lakh shares at Rs 779.23 per share, while NK Securities Research Private Limited picked up a similar quantity at Rs 777.94 per share, translating into deals worth around Rs 26 crore. HRTI Private Limited purchased 4.55 lakh shares at Rs 776.98 apiece, and Junomoneta Finsol Private Limited bought 3.49 lakh shares at Rs 780.2 per share.
The bulk deals were executed within a narrow price band of Rs 776 – Rs 783 per share, indicating strong demand for the stock at current levels. The concentrated buying activity highlights growing investor interest in the company, particularly amid increasing focus on defence and drone-related businesses.
Following the bulk deal activity, the stock saw strong traction in the market, reflecting positive sentiment around the counter.
Advertisement
Ideaforge Technology shares ended at Rs 804.10, up by Rs 73.10 or 10% over the Monday closing price.
Live Events
Shares of ideaForge have given multibagger returns of 111% over a one-year period compared to negative 1% returns by Nifty and negative 4% by the BSE Sensex. The stock is currently trading above its 50-day and 200-day simple moving average (SMA) of Rs 457 and Rs 468, respectively, according to Trendlyne data.Also read: Adani Ports, Tata Motors and Siemens Energy witness block deal action on Monday
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
NEW YORK — Alphabet Inc. Class C shares (NASDAQ: GOOG) climbed 1.21% to $384.23 in morning trading Tuesday, May 5, extending gains from a strong first-quarter earnings report that highlighted accelerating Google Cloud growth and the company’s deepening push into artificial intelligence.
Alphabet Stock Rises as Google Cloud AI Boom Fuels Optimism in 2026
The modest advance comes days after Alphabet’s April 29 earnings release, which showed consolidated revenue rising 22% to $109.9 billion and net income surging 81% to $62.6 billion. Adjusted earnings per share reached $5.11, far exceeding expectations and sending the stock to fresh all-time highs last week.
Google Cloud delivered standout performance, with revenue jumping 63% to $20 billion — the first time the segment crossed that threshold. The cloud backlog nearly doubled sequentially to more than $460 billion, driven by enterprise AI solutions and infrastructure demand. CEO Sundar Pichai highlighted that AI is now the primary growth driver across the business.
AI Momentum Powers Results
Alphabet’s full-stack AI approach — spanning models like Gemini, custom TPUs, and enterprise tools — is paying dividends. Google Search revenue grew 19% to $60.4 billion, with AI-enhanced experiences boosting user engagement. YouTube and subscriptions also contributed strongly, while Waymo’s autonomous driving progress and investments in Anthropic added to non-operating gains.
Advertisement
The company raised its 2026 capital expenditure guidance significantly, signaling aggressive investment in AI infrastructure. Analysts project even higher spending in 2027 as demand for data centers and specialized chips continues to accelerate.
Wall Street Reaction Remains Bullish
Following the earnings beat, multiple firms raised price targets. Goldman Sachs, Needham, Scotiabank, Roth Capital and others lifted targets into the $400–$450 range, citing strong AI positioning and cloud acceleration. Consensus remains firmly in Buy territory, with many viewing Alphabet as attractively valued relative to its growth prospects despite trading near highs.
The stock has been one of the top performers among major technology names in recent months, benefiting from a combination of resilient advertising, cloud strength and AI leadership. Year-to-date gains reflect growing investor confidence that Google is not only keeping pace but gaining ground in the generative AI race.
Advertisement
Challenges and Risks
Regulatory scrutiny remains a factor. Ongoing antitrust cases and potential advertising changes continue to loom, though investors appear to be pricing in Alphabet’s ability to navigate these hurdles. Competition from OpenAI, Anthropic, Microsoft and others is intense, yet Google’s massive user base and infrastructure scale provide significant advantages.
Broader market dynamics also influence the stock. Easing geopolitical tensions around the Strait of Hormuz and anticipation of further corporate earnings have supported technology shares broadly. However, any slowdown in AI spending or macroeconomic shifts could pressure valuations.
Long-Term Outlook
Advertisement
Alphabet’s diversified portfolio — Search, YouTube, Cloud, Waymo and emerging bets — positions it well for continued growth. The company maintains a fortress balance sheet with substantial cash reserves, enabling both heavy investment and shareholder returns through dividends and buybacks. A recent 5% dividend increase underscores confidence in future cash flow.
Analysts project sustained double-digit revenue growth, with cloud and AI segments leading the way. Successful execution on Gemini advancements, autonomous driving milestones and enterprise adoption could drive further upside. Some forecasts see the stock reaching $450 or higher within 12 months if current momentum holds.
Investor Considerations
Tuesday’s modest gain reflects digestion after last week’s sharp post-earnings move. For long-term investors, Alphabet offers exposure to multiple secular tailwinds: digital advertising, cloud computing and artificial intelligence. Its scale, data advantage and engineering talent create wide competitive moats.
Advertisement
Short-term traders may see volatility around upcoming events, including further regulatory developments and quarterly updates. Valuation remains elevated on traditional metrics, but many argue forward-looking AI growth justifies the premium. Dollar-cost averaging or waiting for pullbacks could appeal to those building positions.
As of mid-morning trading, the broader market showed mixed sentiment, with the Dow Jones Industrial Average also advancing modestly. Alphabet’s performance continues to stand out within the Magnificent Seven group, underscoring its resilience and strategic focus.
The coming months will test whether Alphabet can convert its substantial AI investments into sustained market leadership and profitable growth. For now, investors are rewarding the company’s execution and forward momentum in one of technology’s most critical battlegrounds.
You must be logged in to post a comment Login