Tag: source
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FTC opens probe into AI giants including Anthropic and OpenAI, source says
Sept 30 : The Federal Trade Commission is opening a sweeping probe into Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, a source familiar with the matter told Reuters on Wednesday.The FTC plans to issue formal demands for information and compel testimo
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OpenAI’s annualized recurring revenue nears $70 billion, source says
Sept 29 : OpenAI’s annualized recurring revenue is approaching $70 billion, driven by a more than twofold increase in enterprise sales since July, a source familiar with the matter told Reuters on Tuesday.The startup’s annualized revenue run rate has risen by more than 70 per cent since the beginning of the t
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India doesn’t plan huge changes to dispute resolution with foreign companies, source says
NEW DELHI, Sept 25 : India is not planning to make major changes to how disputes with foreign businesses are resolved, according to a source with direct knowledge of the government’s review of bilateral investment treaties. Foreign companies operating in India have long complained that dispute resolution in A
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Oracle triggers ‘force majeure’ on data center project over power delays, source says
Sept 24 : Oracle issued a “force majeure” notice to a Blue Owl unit, the developer of a large New Mexico data center, citing potential delays in securing power for the project, a person familiar with the matter told Reuters on Thursday.Shares of Oracle were down 3.3 per cent. The source said that securing pow
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South Korea’s SK Hynix union approves tentative wage deal with management, source says
SEOUL, Sept 16 : Chipmaker SK Hynix’s South Korean union has approved a tentative wage agreement with management, a source familiar with the matter said on Wednesday, ending weeks of uncertainty after workers narrowly rejected an earlier deal.The revised agreement won the backing of 57.1 per cent of voting u
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JPMorgan to launch frontier market local currency debt index by month end, source says
LONDON, Sept 14 : JPMorgan is set to launch its long-awaited “frontier” market local currency government bond index by end-September, giving investors a new benchmark for nearly $330 billion of debt across some of the world’s fastest-growing economies.Coming 15 years after its hard-currency NEXGEM frontier in
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Exclusive-Infantino can rely on enough votes to survive, opponents rethink strategy, sources say
Sept 10 : FIFA President Gianni Infantino can count on enough votes to win re-election, meaning his opponents will need to shift strategy and focus on curbing his powers, a sharp reversal weeks after senior football figures believed his position was untenable, multiple sources familiar with the discussions told Reu
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French Alps 2030 Winter Games boss set to leave amid governance turmoil, source says
PARIS Sept 9 : Edgar Grospiron, president of the organising committee for the 2030 Winter Olympic and Paralympic Games in the French Alps, is set to leave his post just 18 months after his appointment, a source with direct knowledge of the matter told Reuters on Wednesday.Negotiations are under way over the t
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Head of French Alps 2030 Winter Games set to leave post, source says
PARIS Sept 9 : Edgar Grospiron, president of the organising committee for the 2030 Winter Olympic and Paralympic Games in the French Alps, is set to leave his post just 18 months after his appointment, a source with direct knowledge of the matter told Reuters on Wednesday.Negotiations are under way over the t
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Nscale seeks about $3.5 billion pre-IPO funding, source says
Sept 4 : Cloud infrastructure provider Nscale is in talks with potential investors to raise about $3.5 billion in pre-IPO funding, a source familiar with the matter said on Friday.Nscale intends to sell as much as $1.5 billion of convertible notes to a group of investors and aims to secure about $2 billion f
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