Tag: Business
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Jim Cramer says concerns about AI market froth are overblown. Here’s why
CNBC’s Jim Cramer said today’s stock market is far less concerning than it was during the dot-com bubble.
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US to launch AI and cybersecurity coordination group, White House says
WASHINGTON, July 14 : The U.S. will formally bring together AI developers and essential services providers to share information on cybersecurity vulnerabilities identified by advanced AI systems and coordinate responses, according to a White House statement, fulfilling U.S. President Donald Trump’s order from June.
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OpenAI’s first hardware device will be a speaker, Bloomberg News reports
July 14 : OpenAI is planning to release a screenless speaker as its first hardware product, Bloomberg News reported on Tuesday, citing people familiar with the matter.The news comes just days after Apple sued OpenAI and two former employees, alleging misappropriation of its trade secrets to benefit the ChatGP
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UK plans default midnight social media curfew for 16- and 17-year-olds
LONDON, July 14 : Britain will introduce a default overnight curfew on social media apps for 16- and 17-year-olds, the government said, adding new restrictions for older teenagers to its plan to introduce a sweeping ban on social media for under-16s. Affected users would be blocked from using apps betw
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UK to issue first ‘digital’ bond by early 2027, finance minister says
LONDON, July 14 : Britain aims to become the first major advanced economy to issue a digital sovereign bond by doing so by early next year, finance minister Rachel Reeves said in a speech on Tuesday.• Britain’s “Digital Gilt Instrument” pilot was announced in 2024 and tests how distributed-ledger technology
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TYLSemi raises $43 million to create building blocks of custom AI chips
SAN FRANCISCO, July 14 : TYLSemi, a startup founded by executives from recent Qualcomm acquisition AlphaWave, on Tuesday said it has raised $43 million in early funding to help companies build their own AI chips.The market for such AI chips is booming, with major companies such as Meta Platforms working with
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Lucid dismisses report that it is weighing filing for bankruptcy or going private after shares plunge
The report said Lucid was considering options that could include going private or filing for bankruptcy protection.
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Russia sends American and two cosmonauts to space station with rare NASA chief visit
WASHINGTON, July 14 : Russia sent two cosmonauts and an American astronaut to the International Space Station on Tuesday from Kazakhstan, resuming crewed flights from a recently repaired launchpad with a rare joint attendance by the heads of NASA and Russia’s space agency.U.S. astronaut Anil Menon and cosmona
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Delivery Hero confirms advanced negotiations with Uber over potential takeover offer
July 14 : Delivery Hero said on Tuesday it was in advanced negotiations with Uber Technologies regarding a potential takeover offer, confirming earlier media reports that the U.S. ride-hailing and food-delivery company is pursuing the German group.The statement followed a Bloomberg News report that Uber was i
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Wall Street banks see AI ‘super cycle’ set to boost deals, financing
NEW YORK, July 14 : A rush by technology companies to fund AI infrastructure is boosting dealmaking and financing activity for Wall Street, bankers said on Tuesday, generating lucrative fees from capital raising and loans.Investment banks have reaped strong fees from AI-related deals, including SK Hynix’s $26
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