Tag: Business
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EU Commission keeps contact with Anthropic over decision to disable models in EU
BRUSSELS, June 16 : The European Commission is still in contact with U.S. artificial intelligence company Anthropic over its decision to disable its most advanced AI models following an order from the government and other issues, a Commission spokesperson said on Tuesday. Anthropic had said on Friday it di
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AI in Hungary could unlock productivity gains of €15 billion, McKinsey says
BUDAPEST, June 16 : Increased deployment of AI could unlock €15 billion ($17.42 billion) in productivity gains in Hungary by 2030, McKinsey said on Tuesday.AI could help Hungary close some of its productivity gap with European neighbours, the consultancy said, while warning that Hungary could fall further
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Stocks making the biggest moves premarket: SpaceX, Robinhood, Huntsman & more
These are the stocks posting the largest moves premarket.
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SpaceX locks in $60 billion Cursor deal to power AI coding push
Elon Musk’s SpaceX said on Tuesday it would acquire Cursor AI parent Anysphere for $60 billion.
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French domestic spy agency ditches Palantir for local rival, PM says
PARIS, June 16 : The French domestic intelligence agency DGSI has decided to terminate its contract with the U.S. tech firm Palantir in favour of a French rival, ChapsVision, Prime Minister Sebastien Lecornu said on Tuesday.The move reflects growing wariness by European governments about dependency on U.S. te
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South Korea’s Hanwha to raise KAI stake above 12% by end-2026, cites global space race
SEOUL, June 16 : South Korean defence-to-aerospace group Hanwha said on Tuesday it plans to raise its combined stake in Korea Aerospace Industries (KAI) to more than 12 per cent by the end of 2026, citing the need for closer ties as global competition in the space industry intensifies. Hanwha said the rise of
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Dollar drifts, no respite for yen after BOJ hikes rates as expected
LONDON, June 16 : The dollar held near 10-day lows on Tuesday as a preliminary deal to end the Iran war buoyed risk appetite, while the yen teetered near the closely watched 160 level after the Bank of Japan hiked interest rates, as expected, in an effort to tame inflationary risks from the conflict.U.S. Pres
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SoftBank launches cybersecurity product based on OpenAI models
TOKYO, June 16 : Japan’s SoftBank Group has launched a cybersecurity product designed to counter breaches enabled by artificial intelligence, the company said on Tuesday.The “Patching as a Service” product will be rolled out in Japan through a joint venture established last November between SoftBank’s domes
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Stablecoins gain in Nigeria for cross-border transfers, IMF says
LAGOS, June 16 : Nigerians are increasingly turning to U.S. dollar-pegged digital tokens, or stablecoins, to move money across borders, as households and small businesses seek cheaper and faster alternatives to traditional channels, the IMF said on Tuesday. The Fund said what began as a niche crypto use ha
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REUTERS NEXT-Vodafone CEO urges Europe to allow mobile phone groups to scale to drive investment
LONDON, June 16 : The chief executive of Vodafone urged European governments to speed up regulatory changes to allow mobile phone groups to develop the scale to drive the investment needed to keep up with the United States and Asia. “I think speed is always the challenge, and the faster the better,” Margheri
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