Tag: fast
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BoE warns banks to prepare for AI-enabled cyber breaches
BANGKOK/LONDON, Oct 15 : The Bank of England is working with banks on deep cyber-recovery options, its deputy governor Sarah Breeden said on Thursday, arguing they can no longer assume their defences are impenetrable in the face of AI-enabled cyberattacks.Breeden said the BoE is also surveying banks on their
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Wipro deal wins plunge to near four-year low, deepening turnaround worries
BENGALURU, Oct 15 : Wipro’s quarterly deal bookings plunged to an almost four-year low, deepening worries that India’s fourth-largest IT firm is ceding market share to rivals.Thursday’s news dragged down the company’s US-listed shares 4.5 per cent in premarket trading and highlighted CEO Srinivas Pallia’s str
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CoreWeave’s slump puts spotlight on debt behind AI boom
Oct 15 : Shares and bonds of Nvidia-backed CoreWeave tumbled again on Thursday despite CEO assurances about its strong deal backlog, laying bare a growing crisis of confidence in an AI build-out increasingly financed with borrowed money.The loss-making AI cloud company, burdened with about $50 billion in debt
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India’s Tech Mahindra maintains fiscal 2027 margin target after large deals drive revenue beat
Oct 15 : India’s Tech Mahindra on Thursday maintained its fiscal 2027 operating margin target after beating expectations for second-quarter revenue, helped by a ramp-up in large deals across communications and other businesses.The IT services company said it remained on track to deliver a 15 per cent operatin
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CERN and Mistral partner to build Flare, a new AI model for physics
Oct 15 : European physics research centre CERN and Mistral AI have established a long-term strategic partnership to develop a foundation model for scientific discovery, the two organisations said on Thursday.The statement of intent gives the French AI company access to one of the world’s largest scientific da
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NYC Comptroller Levine urges Anthropic to pause US IPO
Oct 15 : Anthropic should delay its US IPO until it addresses concerns about safety, governance and the pace of development, urged New York City Comptroller Mark Levine in a letter to the AI lab’s CEO Dario Amodei. AI systems have advanced rapidly over the past 12 months, outpacing regulation and drawing scr
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Scotland handed Graham boost as record try scorer makes early return
Oct 15 : Scotland’s record try scorer Darcy Graham has recovered from injury more quickly than expected and been chosen to play for Edinburgh on Friday in a major boost to his country’s hopes for next month’s Nations Championship.• The 29-year-old winger, who has 38 tries in 57 test appearances, ru
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Super Micro appoints Mark Long as chief financial officer
Oct 15 : Super Micro on Thursday announced Mark Long as its senior vice president and chief financial officer.Long will directly report to CEO Charles Liang, effective immediately. The move comes nearly two years after the AI server maker said it would search for a new finance chief as part of recomme
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Japan tells G20 must watch FX moves with high sense of urgency
BANGKOK, Oct 15 : Japan told its G20 counterparts that authorities must watch exchange-rate moves with a high sense of urgency, Finance Minister Satsuki Katayama said on Thursday.The G20 finance leaders re-confirmed their commitment on currency policy, Katayama told reporters after attending the group’s gathe
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US chip stocks set to wipe out $2 trillion after latest selloff
Oct 15 : US semiconductor stocks were set to lose $2 trillion in market value on Thursday in the steep selloff since last week, driven by rising bets of an interest-rate hike and concerns over the cost of the AI buildout. The Philadelphia SE Semiconductor index was last down 3.3 per cent, adding to a…
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