Tag: firms
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AI infrastructure firms slump as US rate hike bets rise
Oct 14 : Shares of debt-heavy AI firms tumbled on Wednesday as prospects of higher interest rates intensified concerns over the financing of the industry’s massive buildout.Companies whose shares had rallied earlier this year on AI optimism were some of the worst performers on the main benchmarks.Here
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South Korea finds hacking incidents at total of 16 financial firms
SEOUL, Oct 14 : South Korea has found hacking incidents at a total of 16 financial firms and around 100,000 cases of data leaks so far, the country’s financial regulator said on Wednesday. Financial authorities are conducting an in-depth investigation into hacking methods to determine whether AI was involved,
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US suspends Microsoft, Adobe from filing for green cards
The Trump administration cut off tech firms, including Microsoft and Adobe, from filing for green cards for their foreign workers.
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Bank of Japan sees broadening inflationary pressure
TOKYO, Oct 8 : The Bank of Japan said price increases driven by higher raw material costs were spreading to consumer goods with some firms hiking prices more frequently than in the past, signaling its concern over broadening inflationary pressure.The central bank also offered an upbeat view on the economic ou
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AI firms should not get regulatory waivers, Nvidia CEO says on podcast
SAN FRANCISCO, Sept 23 : Nvidia CEO Jensen Huang believes AI firms should not receive exemptions from antitrust or liability laws, according to a podcast released on Wednesday.In a nearly two-hour interview with New York Times podcast host Ezra Klein, Huang, CEO of the world’s most valuable publicly listed co
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China’s new travel curbs to prevent key talent from leaving unsettles tech firms and workers
Beijing is locking the gates to stop expertise and capital in strategic industries from fleeing. The country accused of industrial-scale intellectual property theft now fears the West will take its own.
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Europe’s AI firms, playing catch-up, challenge US calls for slowdown
PARIS/FRANKFURT, Sept 18 : Europe’s leading AI company Mistral and others have accused US rivals of using safety concerns to entrench their dominance, rejecting Anthropic’s calls for advanced developers to slow down as Europe struggles to catch up.Anthropic’s CEO Dario Amodei in an online essay urged firms
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Questions mount over what an AI ‘slowdown’ would look like
While pacing AI development might sound like a quick fix, it is far from an easy solution.
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US lawmakers call on American government to blacklist three Indian hack-for-hire firms
WASHINGTON, Sept 9 : Three U.S. lawmakers have called on the American government to blacklist a set of Indian IT firms over what they describe as “more than fifteen years of targeted espionage against U.S. citizens, businesses, and the lawyers representing them.”In a letter issued Wednesday, Democratic Sena
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US accuses Chinese AI firms of ‘industrial-scale’ theft of AI technology
WASHINGTON, Sept 8 : U.S. cyber and law enforcement officials on Tuesday accused Chinese AI companies of “aggressive, industrial-scale distillation activities,” according to a statement from three U.S. security agencies. Distillation is the process of training smaller AI models using output from larger, more
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