Tag: Business
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IBM partners with OpenAI on enterprise security AI
June 22 : IBM on Monday said it has partnered with OpenAI to integrate frontier AI capabilities into enterprise security workflows, aiming to counter rapidly evolving cyber threats.Shares of the company rose 3.6 per cent in trading after the bell.Here are a few details on the partnership:• IBM
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UK considers forcing social media firms to prioritise trusted news
LONDON, June 22 : Britain is considering forcing social media companies to prioritise what the government called trusted news sources as part of its broader push to tighten regulation of the sector.The culture department said on Monday it was considering requiring platforms such as Meta’s Facebook, Alphabet-o
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Japan’s Katayama, US Treasury’s Bessent hold online talks to discuss yen, TBS reports
TOKYO, June 22 : Japanese Finance Minister Katayama held an online meeting with U.S. Treasury Secretary Scott Bessent late Monday to discuss the yen’s sharp decline, local broadcaster TBS reported, citing people familiar with the matter.The discussions focused on policy responses to the historically weak yen,
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Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports
June 22 : Qualcomm is in advanced discussions to acquire Modular Inc in a transaction valuing the AI chip company at about $4 billion, Bloomberg News reported on Monday, citing people familiar with the matter.If completed, the deal would mark a significant step-up from the $1.6 billion valuation Modular secur
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US opens probe into fatal Tesla crash into Texas home
WASHINGTON, June 22 : A U.S. agency on Monday said it is opening a new special crash investigation into the June 19 fatal crash of a Tesla Model 3 that struck a Katy, Texas, home allegedly using an advanced driver assistance system that fatally injured a 76-year-old woman.Since 2016, the National Highway Traf
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Workday must face California lawsuit over AI bias in job screening tools
June 22 : Workday must face claims that its popular AI-powered human resources software weeded out job applicants at other companies in ways that violated California law and a federal ban on discrimination against workers with disabilities, a federal judge ruled on Monday. U.S. District Judge Rita Lin in San
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Oracle workforce shrinks by about 13%
June 22 : Oracle’s total workforce declined by about 13 per cent, or 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring its business, partly driven by the adoption of AI across its operations.The company had a total workforce of 141,000 as of May this year, compared with ab
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US FAA taps ASI for software overhaul to improve flight schedules, cut delays
WASHINGTON, June 22 : The Federal Aviation Administration said on Monday that it has awarded an $875 million, 12-year contract to Air Space Intelligence to overhaul U.S. flight scheduling to improve how flights are managed.The FAA will use a new system to ensure adequate capacity for air traffic demand and pr
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US House committee reaches bipartisan deal on social media rules for youth
WASHINGTON, June 22 : U.S. House Energy and Commerce Committee leadership agreed on legislation that would require social media platforms to provide “safeguards and tools” for minors and parents, according to a statement on Monday, a key step in a years-long debate over how to protect children online. Chairm
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Micron, Anthropic sign AI infrastructure supply agreement
June 22 : Micron Technology said on Monday it has signed an agreement with Anthropic that includes supply of memory and storage products, and a strategic investment in the IPO-bound AI company’s latest funding round.AI developers are racing to secure critical components for increasingly expensive data-center
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