Tag: Business
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Steep bill for AI buildout punishes Meta, other tech favorites
NEW YORK, Oct 22 : The tab for the next round of the AI buildout came due on Thursday.Investors sold shares of Meta Platforms and a wealth of companies central to the AI trade, a day after Meta – one of the so-called hyperscalers spending billions to build data centers and other infrastructure supporting the
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India’s eMudhra exits website security business after flaws trigger global alarm
Oct 22 : Digital security firm eMudhra is exiting its global business of issuing security certificates for websites including India’s tax portal after major browser makers blocked them for vulnerabilities that sparked worldwide cybersecurity concerns.The company announced its decision on Thursday after techno
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Elon Musk reportedly invests about $1 billion in Skydance
David Ellison’s father, billionaire and Oracle co-founder Larry Ellison, has a history with Musk.
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Stocks making the biggest moves midday: Procter & Gamble, Lam Research, Blackstone, Southwest & more
These are some of the stocks posting the largest moves midday.
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Laboratory operator Quest reports cyber breach affecting patient records
Oct 22 : Quest Diagnostics on Thursday said it learned of unauthorized access to its Quanum LSM system, which some clients use to place test orders, receive and look up results.The breach adds to a growing number of cyberattacks on the healthcare sector, including those on medical device makers Abbott, Stryke
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Meta’s credit risk indicator hits record high on increased AI spending plan
Oct 22 : The cost of insuring Meta Platforms’ debt against default touched an all-time high on Thursday, as investors grappled with concerns about its plan to spend more on its AI build-out. Meta raised the lower end of its annual forecast for capital expenditure to between $135 billion and $145 billion this
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AI safety group METR finds flaws in OpenAI’s internal monitoring system
Oct 22 : AI safety research group METR said on Thursday a pilot exercise to stress-test OpenAI’s internal monitoring system uncovered several new vulnerabilities, including an exploit that AI agents could have used to keep hundreds of their recent actions from being monitored.OpenAI has since said all vuln
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Pepsi renews contract with Taco Bell days after KFC switches to Coke in the U.S.
Taco Bell is sticking with longtime beverage supplier PepsiCo, even though sister chain KFC defected to Coca-Cola.
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Cruise lines chase luxury travelers with suites for up to $25,000 a night
CNBC got a tour of the Regent Suite, a top-of-the-line offering on Regent’s Seven Seas Splendor that goes for $15,000 a night.
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Spotify forecasts strong profit as AI features start to pay off, shares surge
Oct 22 : Spotify forecast fourth-quarter profit above Wall Street estimates on Thursday, banking on its AI-powered features to drive user growth ahead of the crucial holiday season.Shares of the Swedish music streaming company rose more than 9 per cent in early trading, hitting their highest since January.
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