Tag: Business
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UK government sets out $800 million of AI security funding
LONDON, Oct 24 : Britain’s government set out around £600 million ($800 million)of funding on Saturday largely geared towards defending against health and security threats from artificial intelligence.The biggest chunk of funding will go to a new biosecurity initiative, including £100 million for a laborato
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Amazon cloud capacity sold out through 2027, CEO Jassy says
Oct 23 : Amazon CEO Andy Jassy said on Friday that Amazon Web Services’ cloud computing capacity is largely sold out through 2027, with significant commitments extending into 2028, on growing demand for AI infrastructure.In a video podcast with Andreessen Horowitz co-founder Ben Horowitz and general partner
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Stocks fall, but tech shares steady after selloff; oil hits highest in nearly six months
NEW YORK/LONDON, Oct 23 : Major stock indexes ended lower on Friday even as tech shares mostly steadied, while Brent crude oil rose to its highest level in nearly six months after Houthi attacks in Saudi Arabia.The Nasdaq eased. European shares also ended lower.An index of semiconductors rose 0.4 per c
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PHP Foundation ‘under-funded’ with one full-time staff member, director says
AMSTERDAM, Oct 23 : The discovery of two serious flaws in PHP this week set off a global scramble to keep websites safe from hackers, showing just how critical the three-decade-old open-source programming language is to the internet.Yet the nonprofit foundation that supports PHP, which may underpin up to 70
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Bank of Italy calls for digital asset investments by banks despite uncertainty
MILAN, Oct 23 : As the financial system turns increasingly digital, banks must resist the temptation to delay investments until they know which technology will prevail, a senior Bank of Italy official said on Friday.• Waiting could help lenders save money in the short term, but it “also has costs when it de
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OpenAI resumes frontier AI training with enhanced security, no internet access
Oct 23 : Sam Altman-led OpenAI said on Friday it had resumed reinforcement learning training and internal use of its most advanced AI solutions after it tightened security controls and barred internet access for frontier-model training.Concerns are mounting over the ability of increasingly capable AI agents t
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After previous day’s slump, trading is quieter among AI shares
NEW YORK, Oct 23 : Big AI stocks were mixed on Friday, a day after the biggest decline in the Nasdaq Composite Index in four months, giving investors a welcome respite as they look forward to more information on Anthropic’s forthcoming IPO and a further wave of earnings over the next week. Meta Platforms, the
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Next week brings major risks for the stock market, just as the AI trade keeps faltering
The latest group of megacap earnings, a Federal Reserve meeting and a key inflation report are all on deck.
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Senator says planned Meta commercial terms update could harm US businesses
WASHINGTON, Oct 23 : US Senator Marsha Blackburn, a Tennessee Republican, on Friday raised concerns about Facebook parent Meta Platforms’ plan to update its commercial terms, saying it could harm businesses and creators.Blackburn, who is chair of the Senate Judiciary Subcommittee on Privacy, Technology and t
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Safety company acknowledges hack seven months after breach exposed millions of crime tips
WASHINGTON, Oct 23 : Safety company Navigate360 on Friday acknowledged hackers had broken into one of its systems and copied months’ worth of data, seven months after a widely publicized breach exposed millions of crime tips. In a statement, Navigate360 said names, addresses, dates of birth, Social Security
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