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CNA Economy Full text
NEW YORK, Sept 30 : US stocks gyrated on Wednesday, caught in the tug-of-war of mixed signals. Cooler-than-expected inflation data tempered rate hike expectations from the Federal Reserve, while upbeat GDP, consumer spending and private…
CNA Economy Full text
Sept 30 : Micron Technology forecast quarterly revenue above estimates on Wednesday and said customers had increased commitments under its long-term supply agreements to $32 billion, signaling unabated demand for AI memory chips.The…
CNA Economy Full text
Sept 30 : Micron Technology forecast quarterly revenue above estimates on Wednesday, signaling it expects the AI-driven memory chip boom to continue powering its growth.Shares of the Boise, Idaho-based company rose over 1 per cent in…
CNA Economy Full text
SAN FRANCISCO, Sept 30 : Alphabet's Google on Wednesday announced a new top-tier artificial intelligence model to anchor its Gemini 4 generation of models in a fresh bid to catch up to rivals Anthropic and OpenAI in the AI race.The new…
CNA Economy Full text
Sept 30 : Automaker Toyota Motor will invest $1.34 billion to develop a plant to produce a fully electrified vehicle in Argentina, Economy Minister Luis Caputo said on Wednesday.This represents the largest ever single investment in the…
CNA Economy Full text
SAN FRANCISCO/NEW YORK, Sept 30 : Anthropic is planning what could be the largest initial public offering in history. But if AI continues on its current trajectory, humans may not be around much longer to enjoy it. That and other paradoxes…
CNA Economy Full text
SAN FRANCISCO, Sept 30 : Synopsys, a maker of software used in designing computing chips, said on Wednesday that it has struck a deal to share revenue with OpenAI as the two develop an AI model for the chip business.GPT-Synopsys, as the…
CNA Economy Full text
Sept 30 : Data center infrastructure firm Accelevation fell 2.5 per cent in its Nasdaq debut on Wednesday, after pricing its IPO below its marketed range, signaling that investors are turning cautious on the AI story as spending…
CNA Economy Full text
BRUSSELS, Sept 30 : Alphabet's Google has asked an EU court to suspend EU regulators' order to open up its trove of search data to OpenAI and rival search engines as it steps up its fight against landmark rules aimed at reining in the…
CNA Economy Full text
PARIS, Sept 30 : The European Securities and Markets Authority said on Wednesday that European regulators should be given more powers to help them enforce crypto rules, and that ESMA should be able to tell crypto companies to freeze crypto…
CNA Economy Full text
NEW YORK/MILAN, Sept 30 : Global bonds closed out their worst month in years on Wednesday, with the benchmark 10-year US Treasury yield rising on the day and posting its biggest monthly increase since 2022, while the S&P 500 registered a…
CNA Economy Full text
Sept 30 : ElevenLabs said on Wednesday it had completed a $300 million employee tender offer valuing the AI voice generation startup at $22 billion, twice the valuation it secured in its February funding round.The tender was led by…
CNA Economy Full text
ZURICH, Sept 30 : The Swiss National Bank is cautious about the use of digital stable coins, because the technology could make the transmission of monetary policy more difficult, governing board member Petra Tschudin said on…
CNA Economy Full text
Sept 30 : New World Development said on Wednesday its cash crunch had eased further after expanding a loan facility by around HK$1 billion ($127.45 million) and terminating operating rights for a shopping mall next to the Hong Kong…
CNA Economy Full text
Sept 30 : When a bird lunges at a butterfly in mid-flight, it may see something that is not there — the insect's wings flashing beneath may not be moving where they appear to be moving. By the time the predator realizes the illusion, the…
CNA Economy Full text
WASHINGTON, Sept 30 : US Transportation Secretary Sean Duffy said Wednesday he does not currently see any safety concern stemming from a software issue involving the Boeing 737 MAX fleet."If there was like, 'Hey we've got a safety issue,'…
CNA Economy Full text
NEW YORK, Sept 30 : The artificial intelligence boom has arrived in the riskiest corners of US credit markets, where leery lenders are demanding more compensation to fund borrowers whose future earnings remain largely unproven.AI-related…
CNA Economy Full text
Sept 30 : The Federal Trade Commission is conducting an industry-wide probe into Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, a senior FTC official told Reuters on Wednesday.The…
CNA Economy Full text
(Corrects to drop reference to G42 from paragraph 5 after clarification from the company that it does not generate revenue for AIQ)By Vallari SrivastavaDUBAI, Sept 30 : United Arab Emirates-based technology company AIQ has signed an…
CNA Economy Full text
Sept 30 : Hewlett Packard Enterprise on Wednesday raised its long-term revenue growth forecast for its networking business, driven by the AI boom and announced a $1.2 billion order to provide AMD server racks to cloud firm Vultr.Shares of…
CNA Economy Full text
WASHINGTON, Sept 30 : President Donald Trump is expected to announce on Wednesday plans to tap South Korea's pledged $350 billion strategic investment package for about $54 billion to help build a liquefied natural gas facility in Alaska…
CNA Economy Full text
SAN FRANCISCO, Sept 30 : Synopsys and Amazon Web Services on Wednesday said that Amazon.com's cloud computing unit has entered a multi-year deal worth more than $1 billion to license chip design intellectual property from Synopsys.Synopsys…
CNA Economy Full text
LONDON, Sept 30 : Stock market investors might have been expected to run for the hills in the face of an extraordinary surge in global borrowing costs, currency interventions, wars, oil back above $100 a barrel and warnings that AI might…
CNA Economy Full text
Sept 30 : French cybersecurity firm Sekoia rolled out its cybersecurity AI agentic tool Elevate to its clients, following an early access program with around 2,000 customers, it said on Wednesday. Criminals are increasingly resorting to AI…
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