Tag: fast
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Australia’s Meteoric Resources ties up with Posco for Brazil rare earths project
July 29 : Australia’s Meteoric Resources said on Wednesday it had signed an agreement with South Korea’s Posco International to support development and financing for its Caldeira rare earths project in Brazil, sending its shares sharply higher.Here are the details:• Under the memorandum of understand
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Gold edges lower ahead of Fed decision on interest rates
July 29 : Gold prices inched lower on Wednesday as the dollar held firm and market participants awaited the Federal Reserve’s policy decision for clues on inflation and the path of U.S. interest rates.FUNDAMENTALS* Spot gold fell 0.1 per cent to $4,021.87 per ounce by 0052 GMT. U.S. gold futures for Au
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Exclusive-OpenAI’s rogue agent compromised a customer at a second tech firm, executive says
WASHINGTON, July 28 : The rogue agent that escaped from OpenAI and went on a days-long hacking spree at the AI firm Hugging Face also compromised a customer at a second tech company — New York-based Modal Labs — according to a Modal executive and two other sources familiar with the matter.Modal executive
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Minnesota IT officials disclose ‘coordinated cyberattack’ at more than 30 local water systems
July 28 : A “coordinated cyberattack” targeted more than 30 community water systems in the U.S. state of Minnesota on July 26 and July 27, the state’s IT agency said in a statement.The agency, Minnesota IT Services, said it was not aware of any active requests from Minnesota cities to have residents modify th
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SK Hynix posts sixfold rise in Q2 profit on AI chip demand, misses forecasts
SEOUL: South Korean chipmaker SK Hynix reported a more than sixfold increase in quarterly operating profit to a record high on Wednesday (Jul 29), driven by robust demand for advanced memory chips as big technology firms ramped up spending on AI data centres.The Nvidia supplier reported a 557 per cent
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Netflix edges BBC as first choice for UK viewers, Ofcom report shows
LONDON, July 29 : Netflix has edged ahead of the BBC as Britons’ first choice when deciding what to watch on television, media regulator Ofcom said on Wednesday, with 26 per cent of viewers turning first to the U.S. streaming service compared with 25 per cent for the BBC.Here are details from Ofcom’s annual M
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KLA results beat Wall Street estimates, but shares fall on high investor expectations
July 28 : KLA Corp on Tuesday beat fourth-quarter revenue estimates and forecast first-quarter revenue above Wall Street expectations, but its shares fell 9 per cent in extended trading as the results failed to meet investor expectations.The company’s shares have risen more than 57 per cent so far this year,
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Exclusive-OpenAI’s rogue agent compromised an account at a second tech firm, executive says
WASHINGTON, July 28 : The rogue agent that escaped from OpenAI and went on a days-long hacking spree at the AI firm Hugging Face also compromised a customer at a second tech company — New York-based Modal Labs — according to a Modal executive and two other sources familiar with the matter.According to a
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Tech employees call for US-backed global effort to manage risks of advanced AI
July 28 : More than 1,100 employees from leading tech firms on Tuesday urged the U.S. government to support an international effort to develop tools for managing the pace of advanced AI development.The statement comes as AI companies pursue increasingly powerful systems, raising concerns that developments cou
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FIFA plans to sell stakes in $20 billion subsidiary to run World Cup, angering UEFA
July 28 : FIFA said on Tuesday it plans to create a $20 billion subsidiary to run the World Cup and its other events and will offer stakes of up to 20 per cent in it to external investors, a move that provoked a furious response from UEFA, who accused world soccer’s governing body of…
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