Tag: Business
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Anthropic, OpenAI, other U.S. AI giants launch major London expansions amid talent and revenue scramble
The U.K. capital has become a key growth target for many of the world’s most talked about AI companies.
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Peace hopes steady Europe ahead of expected ECB rate hike
LONDON, June 11 : Europe’s markets firmed on Thursday as reports of ongoing peace talks between the U.S. and Iran nudged oil prices down ahead of what is widely expected to be the first European Central Bank interest rate hike in nearly three years. The pan-European STOXX 600 and the euro both inched higher a
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Deezer launches free AI music detector for users of major streaming platforms
June 11 : French music platform Deezer has launched a free online tool to detect AI-generated tracks in playlists, available to users of all major streaming platforms, it said on Thursday.The company is also licensing its AI-detection technology to the wider music industry, building on earlier deals like the
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British device maker Halma’s shares slump on slower annual growth forecast
June 11 : British health and safety device maker Halma forecast organic constant-currency revenue growth for fiscal 2027 at a slower rate than the previous year, sending its shares down nearly 15 per cent on Thursday. Here are a few details: • The company expects to deliver low double-digit per
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Wall Street buckles up for SpaceX liftoff, hoping for a glitch-free ride
NEW YORK/SAN FRANCISCO, June 11 : As SpaceX prepares for its record-breaking $75 billion market debut with great fanfare, Wall Street traders, brokers and exchanges are working nonstop to make sure their trading systems can handle the blockbuster IPO and avoid the chaos that marred other highly anticipated launches.
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Anthropic v. OpenAI: Behind the bitter battle for the future of AI
SAN FRANCISCO/NEW YORK, June 11 : If not for the intense rivalry between Anthropic and OpenAI, the generative AI boom might not have arrived so quickly.In late 2022, OpenAI caught wind that Anthropic was working on an AI-powered chatbot. OpenAI CEO Sam Altman immediately directed employees to fast-track a com
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South Korea expects favourable outcome after Lee’s EU steel request
SEOUL, June 11 : The European Union said it would give maximum consideration to South Korea’s request for favourable treatment of its steelmakers under the bloc’s new import regime, a senior South Korean presidential adviser said on Thursday. South Korean President Lee Jae Myung made the request during a meet
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World Bank says Indonesia’s GDP to slow to 5% in 2026 as fiscal pressures rise
JAKARTA, June 11 : The World Bank said on Thursday that Indonesia’s economic growth was expected to slow to 5 per cent in 2026 as it comes under increasing fiscal strain from an ambitious spending programme and the rising cost of fuel subsidies in the wake of the Iran war. The forecast by the World…
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Musk to speak at chip tool giant ASML event ahead of SpaceX IPO
AMSTERDAM, June 11 : Elon Musk is expected to appear virtually at an event by computer chip equipment giant ASML on Thursday to discuss Terafab, his plan for a massive chipmaking plant to supply Tesla and IPO-bound SpaceX.The pricing of the initial public offering of Musk’s SpaceX, potentially the largest eve
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DBS to offer tokenised physical gold to retail customers
DBS Physical Gold Tokens will be available through its digibank app in the second half of 2026, with each token backed by one gram of physical gold held by the bank in a dedicated vault in Singapore.
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