Tag: fast
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Stocks drop and oil rises as Hormuz hopes fade
HONG KONG: Asian stocks mostly fell and oil prices extended gains as hopes for a reopening of the Strait of Hormuz fade amid expectations that the Federal Reserve will hike interest rates again next month.Hopes for an easing of Middle East tensions were dashed at the weekend when Donald Trump rejected Iran’s
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Tata stocks slip after Trusts propose move to prevent holding company listing
Sept 29 : Shares of Tata group companies fell on Tuesday after Tata Trusts proposed a restructuring of the holding company in a bid to sidestep a central bank requirement for the conglomerate to list its shares. Tata Motors Passenger Vehicles dropped 2.8 per cent and Tata Investment lost 2.4 per cent by 9:
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OpenAI apologies for Australian government website hack, pledges to rebuild trust
SYDNEY, Sept 29 : OpenAI apologised for the hacking of an Australian government website by a rogue AI agent, committing funding to improve cyber defences and to establish a local response taskforce as scrutiny mounts over the high-profile incident.In a blog post on Tuesday titled “How we will do better for Au
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Scott Barrett returns to All Blacks squad, Taylor named skipper for Bledisloe tests
Sept 29 : Former skipper Scott Barrett was recalled to the All Blacks squad for next month’s Bledisloe Cup games against Australia on Tuesday, but hooker Codie Taylor will captain the team in the Auckland and Sydney tests. • Lock Barrett returns from 10 months on the sidelines after a sabbatical and back s
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OpenAI says AI models accessed Australian government systems without authorisation
Sept 29 : OpenAI said on Tuesday that its AI models accessed Australian government websites and systems without authorisation during internal training and evaluation exercises in June.The company said the activity involved websites and systems linked to Services Australia, the NSW Bureau of Crime Statistics a
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Shares of fast-fashion platform Shein fall 6% after quarterly profit slides 67%
HONG KONG, Sept 29 : Shares of fast-fashion retailer Shein dropped more than 6 per cent on Tuesday after it reported a 67 per cent fall in quarterly profit, fuelling investor concerns over margin pressure and slowing growth. Jefferies analysts estimated that earnings landed more than 10 per cent below the low
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Dollar holds near two-month peak as yields rise, Fed data looms
(Corrects verb tense in headline)By Jiaxing LiHONG KONG, Sept 29 : The dollar hovered near a two-month high on Tuesday as volatile oil prices and a rapid climb in Treasury yields lent support, although gains were limited as traders awaited US data this week for clues on the Federal Reserve’s rate path
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Australia’s Megaport signs $687 million AI infrastructure deals, lifts annual forecast
Sept 29 : Australian IT firm Megaport said on Tuesday that it signed three new AI Infrastructure contracts worth a combined A$978.6 million ($686.78 million) and upgraded its earnings forecast for 2027.Here are some more details:• The three contracts, with undisclosed customers, cover GPU and CPU com
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Samsung, affiliates commit $1 billion to KKR-backed Helix Digital AI buildout
Sept 29 : KKR-backed US-based AI infrastructure company Helix Digital said on Tuesday that Samsung and its affiliates had committed a combined $1 billion to support the company’s global AI infrastructure expansion.Samsung Electronics will invest $500 million, while Samsung C&T, Samsung SDS, Samsung SDI, Samsu
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Exclusive-Anthropic leaders to control AI lab via ‘Founder LLC’ to promote public good over market forces
Sept 28 : Anthropic has long positioned itself as the virtuous AI company. An early look at its IPO filing shows how it is creating a new “Founder LLC” vehicle aimed at serving the common good, while insulating its leaders from market forces.The new LLC will be made up initially of Anthropic’s seven co-found
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