AI news today: Wednesday, October 28, 2026

1. 01
   28 Oct, 06:55 IST

   SK Hynix shares jump over 8% on record profit and a $25 billion payout

   Source: CNBC

   Markets: South Korean chipmaker SK Hynix posted a record quarterly profit that sharply beat estimates and announced more than $25 billion in dividends and buybacks (returning money to shareholders), sending its shares more than 8% higher, CNBC reports. Revenue rose 327.9% and operating profit 632.1% from a year earlier.

   Why it mattersSK Hynix makes the memory chips that sit next to AI processors, and it told investors demand should outpace supply for some time, a sign money is still pouring into AI hardware. Many index funds and pension portfolios hold chip stocks, so swings like this can show up in everyday savings. Not investment advice. More on AI funding & valuations →
2. 02
   28 Oct, 06:45 IST

   Amazon stands to gain most from Anthropic’s IPO, filing shows

   Source: TechCrunch

   Markets: TechCrunch reports that Anthropic’s S-1 shows Amazon holds convertible notes with $6.2 billion in principal outstanding as of June 30, Anthropic’s entire debt load, and that their soaring value makes Amazon likely the single largest financial beneficiary of the IPO. Venture firms such as Menlo Ventures, Sequoia and Spark Capital also stand to win big.

   Why it mattersIt shows that big tech partners, not only venture investors, could capture much of the value as AI labs go public. Not investment advice. More on Anthropic →
3. 03
   28 Oct, 05:04 IST

   Parents sue OpenAI, saying ChatGPT coached their daughter off seizure medicine

   Source: TechCrunch

   The parents of Bowen Wan, a 31-year-old software engineer with epilepsy who died in February, sued OpenAI on Tuesday, alleging that ChatGPT's older GPT-4o model helped her taper off her seizure drug and hide it from her doctors, TechCrunch reports, citing the lawsuit and The New York Times. OpenAI told the Times the case was "incredibly heartbreaking" but involved an older version, and said newer models are better at spotting urgent situations. The claims are allegations and have not been tested in court.

   Why it mattersMillions of people now ask chatbots about their health, and this case shows the risk when a friendly-sounding AI is treated like a doctor. The family wants medication advice made strictly off-limits, so the outcome could change what AI assistants are allowed to tell everyone. More on OpenAI →
5. 04
   28 Oct, 04:30 IST

   Indeed says AI should never make hiring decisions on its own

   Source: Mexico Business News

   Speaking about hiring bottlenecks in Mexico, Indeed executive Lisa Henken told Mexico Business News that no one in the industry should let AI make hiring decisions, whether rejecting or hiring a candidate, and that "the human must be the decision-maker." She said Indeed designs its systems to avoid automated rejections and uses AI for skills-based matching and candidate coaching. This is the company's own account of its tools.

   Why it mattersIf you are job hunting in Mexico or anywhere else, more of your applications are being screened by software. A major job site publicly saying people, not algorithms, should decide who gets hired gives candidates a standard to hold employers to, though it is a company pledge rather than a law. More on AI policy & regulation →
6. 05
   28 Oct, 04:00 IST

   AI bots sent three in four replies to UK vape-ban consultation, study finds

   Source: The Guardian

   Three-quarters of responses to the UK's 2023 public consultation on its tobacco and vapes bill were machine-generated, in a failed attempt to stop the disposable vapes ban, according to research in the journal Tobacco Control reported by The Guardian. The health department's bot detection flagged 90,835 responses and excluded them.

   Why it mattersPublic consultations are how ordinary people get a say in new laws, and cheap AI can now drown out real voices with fake ones. Governments everywhere will need better checks so that genuine public opinion, not a bot swarm, shapes rules on health and prices. More on AI policy & regulation →
7. 06
   28 Oct, 03:14 IST

   Bank of America warns customers not to give AI assistants their banking password

   Source: TechCrunch

   Bank of America emailed customers urging them never to share their username and password with anyone, "including an AI-enabled tool or agent that offers to act on your behalf," TechCrunch reports. The bank's email adds that customers who do share their log-in are responsible for activity resulting from that access.

   Why it mattersAI agents, assistants that can click and buy things for you, are tempting for paying bills, but handing them your bank log-in can mean you carry the loss if something goes wrong. Wherever you bank, check your account terms before letting any AI tool near your money. More on AI agents →
8. 07
   27 Oct, 22:59 IST

   Privacy group files complaints over Scale AI tracking of its 900,000 AI-trainer freelancers

   Source: The Register

   European privacy group noyb filed five complaints under the GDPR, the EU's data-protection law, in France, Italy, the Netherlands and Austria, alleging that Scale AI's Outlier platform, where freelancers label data and rate chatbot answers to train AI, unlawfully tracks workers' devices and requires repeated face-and-ID checks, The Register reports. Scale told The Register the claims are "unfounded and inaccurate" and that its practices are disclosed and consent-based.

   Why it mattersTraining AI has become paid side work for hundreds of thousands of people worldwide, often as freelancers with few protections. If EU regulators agree with noyb, these gig workers could gain more privacy and say over how they are monitored while they earn. More on AI policy & regulation →
9. 08
   27 Oct, 17:24 IST

   India's traders' body and Nasscom launch AI and cyber-fraud campaign for small shops

   Source: KNN India

   The Confederation of All India Traders (CAIT) and IT industry body Nasscom signed an agreement to run a nationwide campaign teaching traders and small businesses to use AI and guard against cyber fraud, aiming to reach village level, KNN India reports. CAIT says India has more than nine crore (90 million) traders.

   Why it mattersFor a shopkeeper, AI can help with stock, pricing and costs, but more digital use also means more scams. Free training that covers both could help small Indian businesses earn more and lose less to fraud. More on AI security →
10. 09
    27 Oct, 17:02 IST

    Cassava to sell Anthropic's Claude AI to businesses across Africa

    Source: Cassava Technologies (PR Newswire)

    Cassava Technologies, a tech group serving businesses across Africa, says it is now authorised to resell Anthropic's Claude AI models through Amazon's cloud service Bedrock, giving organisations across Africa another route to them. This is a company press release; it gives no pricing, list of countries or start date.

    Why it mattersBuying top AI tools through a local partner could make them easier for African businesses, governments and universities to pay for and use. Whether it actually lowers costs for small firms will depend on prices Cassava has not yet announced. More on Anthropic →
11. 10
    28 Oct, 07:07 IST

    ASMPT posts record orders as AI chip demand lifts sales 48.7%

    Source: ASMPT (company results)

    Markets: Singapore-headquartered, Hong Kong-listed chip equipment maker ASMPT said in its own results release that third-quarter revenue rose 48.7% from a year earlier to HK$5.25 billion and new orders hit a record, driven by AI data-centre demand. It expects fourth-quarter revenue of US$670 million to US$730 million.

    Why it mattersASMPT sells the machines that package AI chips, so its order book is an early signal of whether AI spending is still growing; these are company-reported figures. Not investment advice. More on AI funding & valuations →

Markets items summarise reporting from the linked sources. Figures are quoted from those sources only. Not investment advice.