Tag: business news
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India readies $25 billion for Deep Tech investment as U.S. and China race ahead
In a bid to cut its reliance on foreign tech, India tries to catch up with China and the U.S. by readying an investment of $25 billion in Deep Tech startups.
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Australia says more hikes not off the table after raising rates to 15-year high
The hike of 25 basis points was in line with expectations by economists polled by Reuters.
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Anthropic warns AI may pose ‘existential risks to humanity’ in IPO filing: Reuters
Anthropic plans to warn IPO investors that advanced AI could pose “catastrophic or existential risks to humanity.”
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Samsung to inject $1 billion into Nvidia- and KKR-backed AI infrastructure firm
Samsung Electronics and its five affiliates are investing $1 billion in KKR-launched Helix as the group expands its push into global AI infrastructure.
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Khanna to introduce AI safety bill with ban on ‘recursive’ technology until safeguards exist
The proposal joins a chorus of other measures being put forward in Congress as the body mulls how to regulate AI.
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A relief rally could be coming soon for these stocks getting hurt by higher rates, says Katie Stockton
The deeply oversold condition of the utilities sector increases the likelihood of a short-term relief rally over the coming weeks, says Stockton.
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AMD acquiring Fei-Fei Li’s World Labs AI firm in deal worth $8.2 billion
The chipmaker had previously invested in World Labs.
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Higher rates will create winners and losers in bonds, says UBS. Where the bank sees opportunity
The caliber of bonds matters, especially the higher rates go, UBS says.
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Feds can’t withhold counterterrorism funds from states to force election admin changes, judge rules
The judge said FEMA never explained how the election changes it wanted were “tied to the goal of shoring up vulnerabilities to terrorist attacks.”
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Anthropic launches cheaper AI model, its second release since CEO’s call for a slowdown
The company said Sonnet 5.5 doesn’t advance the frontier, but that it is better at coding and knowledge work tasks than its predecessor.
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