Alphabet has the option to buy up to $10 billion in Anthropic shares alongside its planned IPO, while Amazon has invested $13 billion in the AI startup. The agreements highlight Big Tech’s growing financial and infrastructure ties to AI developers.

Anthropic’s IPO filing has flagged a “frenemy” risk from its three primary cloud computing partners, AWS, Google and Microsoft, warning that these hyperscalers increasingly see the AI company as a direct competitor rather than simply a customer, even as it has locked in a compute backlog worth $750 billion across the three providers.

According to an S-1 filing, the loss was mainly driven by about $72.4 billion in non-cash accounting charges. Operating loss narrowed to $693 million.

Oil prices moved lower, with Brent crude futures falling 1.4% to $115.02 a barrel and US West Texas Intermediate declining 2% to $101.01 a barrel.

Anthropic's filing did not disclose the number of shares to be sold or a pricing range. The company reported revenue of $16.3 billion for the first half of the year. It also posted a net loss of $80.7 billion over the same period.

ITC Hotels reported a 25.6% rise in revenue to Rs 1,054 crore. EBITDA margin widened to 32%. Profit at the hotel segment rose 46.4%.

Revenue rose 40.4% to Rs 3,361 crore. The board declared an interim dividend of Rs 12 per share.

The lender's net interest income rose 26.4%, as interest earned on advances grew 21% year-on-year to Rs 7,083 crore.

The second largest IT services company, Infosys, reported 0.7% rise consolidated net profit to Rs 7,823 crore in the September quarter from Rs 7,769 crore in the June quarter.