Tag: Business
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Microsoft limits employee use of Anthropic’s Claude Fable 5 over data retention concerns, The Verge reports
June 10 : Microsoft is limiting employees’ use of Anthropic’s Claude Fable 5 because of the AI startup’s new data retention requirements, The Verge reported on Wednesday, citing sources.Anthropic on Tuesday said it is rolling out Claude Fable 5, a public version of its Mythos AI model, with guardrails barring
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Most withdrawals from Ares private credit fund came from outside US, CEO says
NEW YORK, June 10 : Most of the requests to withdraw money from a private credit fund for the wealthy run by alternative asset manager Ares came from outside the United States, its CEO said on Wednesday.”We had 11 per cent redemption requests. It was from less than 5 per cent of our investors. It…
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Tesla gets go-ahead to sell self-driving technology in Belgium
BRUSSELS, June 10 : Tesla Full Self-Driving supervised driver assistance software has been authorised in Belgium, Annick De Ridder, the transport minister of Flanders region said on Wednesday in a post on X.”I just signed the approval,” she said in a post on X featuring a picture of an official signed documen
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Oracle awarded US government contract to provide government-wide HR software
WASHINGTON, June 10 : Oracle won a contract to provide an HR platform for agencies across the U.S. government, according to a Trump administration statement.Oracle will provide a cloud-based HR platform to replace agencies’ individual systems, said Office of Personnel Management Director Scott Kupor in a sta
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Exclusive-GM may ditch LFP batteries for future EVs
SAN FRANCISCO, June 10 : General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle costs, GM’s head of battery technology said. The Detroit automaker had said it planned to develop lithium-iron phosphate, or LFP, batteries for use
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BYD looking to take over existing factory for second European EV plant, executive says
BERLIN, June 10 : Chinese electric vehicle maker BYD is looking to take over an existing factory in southern Europe for its second assembly plant on the continent, with Spain among the countries on its shortlist, a top executive said on Wednesday.”We would prefer to take over an existing plant,” executive vic
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US shortens cyber fix window to three days as AI threats rise
WASHINGTON, June 10 : The U.S. cyber defense agency said on Wednesday that government officials now have three days to deal with the most serious categories of digital vulnerabilities in their networks, a compressed timeline that is due in part to hackers’ use of artificial intelligence.The deadline, which wa
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ASML to cut fewer jobs after talks with Dutch unions
June 10 : Chip-equipment maker ASML will cut fewer jobs than initially planned, Dutch unions said in a statement after talks with ASML.Redundancies are now expected to take effect from May 2027, ASML spokesperson Monique Mols said, adding that employees will be informed before the end of this month whether th
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Musk’s xAI accused of illegally firing engineer who raised safety concerns
June 10 : A former engineer at Elon Musk’s xAI who now heads a think tank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising concerns about the risks artificial intelligence poses to humanity.Devin Kim claims in the lawsuit filed in California state court on Tue
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AI boom sparks rally, frenzy and fear
LONDON, June 10 : An AI boom has driven stock markets to record highs, big tech firms are piling hundreds of billions of dollars into new tech, while consumers, workers and businesses are grappling with existential questions unleashed by the likes of ChatGPT and Claude. Some analysts say Artificial I
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