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CNA Economy Full text
Oct 7 : After suffering a major legislative defeat at the hands of Senate Democrats last month, the crypto industry is grappling with a dilemma three weeks out from the November election: punish Democrats, or preserve the bipartisan ties…
CNA Economy Full text
Oct 7 : The US government and tech heavyweights Meta Platforms and Google parent Alphabet are joining nonprofit Biohub to build open datasets to train AI models for biological reasearch, bringing total investment in the effort to $1.8…
CNA Economy Full text
Oct 7 : Core Stack, Lazzari Group's digital infrastructure business, and Green Arrow Capital will invest more than €1 billion ($1.12 billion) over the next four years to build 13 mid-size data centres in Italy, the two companies said on…
CNA Economy Full text
Oct 7 : Global stocks and the euro pulled back on Wednesday as oil prices held near $100 a barrel amid renewed Middle East tensions, while uncertainty about US Federal Reserve rate policy and France's fiscal condition weighed on overall…
CNA Economy Full text
Oct 7 : Global stocks and the euro pulled back on Wednesday as oil prices held near $100 a barrel amid renewed Middle East tensions, while uncertainty about US Federal Reserve rate policy and France's fiscal condition weighed on overall…
CNA Economy Full text
Oct 7 : European stocks and the euro fell sharply on Wednesday as oil prices rose above $100 amid renewed Middle East tensions while concerns France's fiscal woes could affect broader debt markets continued to weigh on overall…
CNA Economy Full text
Oct 7 : Life sciences company Danaher said on Wednesday it plans to launch its first AI-powered autonomous research lab early next year to make drug discovery and development faster and more efficient. Here are more details:• The lab…
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Temasek's Dilhan Pillay Sandrasegaran and DBS' Tan Su Shan spoke at the Forbes Global CEO Conference, where American billionaire investor Ray Dalio also warned of a "classic bubble".
CNA Economy Full text
SAN FRANCISCO, Oct 7 : Microsoft unveiled on Wednesday an AI coding model that can run directly on personal computers and new security technology to prevent AI agents from accessing data without permission, challenging Apple's push to…
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LOS ANGELES, Oct 7 : Aaron Sorkin, the Oscar-winning screenwriter of "The Social Network," wasn't looking to make another movie about Facebook.Sorkin had been struggling to find an idea for a new project when he met Frances Haugen, a…
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WASHINGTON, Oct 7 : Most US voters think President Donald Trump's administration and Congress are not taking the risks of AI seriously enough and want the government to write new regulations for the technology, according to a new…
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BERLIN, Oct 7 : Tesla CEO Elon Musk on Wednesday welcomed Germany's backing for the US automaker's driver-assistance software system, as he seeks Europe-wide approval for the technology that traffic-safety researchers have warned carries…
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HANOI, Oct 7 : The rise in annual inflation in September has put pressure on Vietnam's monetary policy management for the rest of this year but prices remain under control, central bank deputy governor Pham Thanh Ha said on Wednesday. •…
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SEOUL, Oct 7 : AMD CEO Lisa Su said on Wednesday that the US chipmaker continues to explore partnership opportunities with Samsung Electronics in the memory and foundry businesses. • In response to tight memory chip supply, Su said AMD is…
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Oct 7 : Tesla and SpaceX CEO Elon Musk said on Wednesday that his companies will build and run the Terafab AI chip complex, with TSMC possibly subleasing a part of it.Here are more details:• Terafab is a planned Tesla-SpaceX project in…
CNA Economy Full text
(Corrects AUM in paragraph 7 to 128 trillion yen for Nomura Asset Management, not 156 trillion yen for Nomura's investment management division)By Anton Bridge and Miho UranakaTOKYO, Oct 7 : The asset management arm of Nomura Holdings is…
CNA Economy Full text
In doing so, the RBI has shifted gears to join several central banks around the world who have raised rates to curb price rises or boost their currencies.
CNA Economy Full text
Among other expectations, financial institutions will be accountable for AI used in delivered services, including AI developed, operated or provided by third parties.
CNA Economy Full text
Oct 7 : Brussels is considering taxing big US tech companies through a broad levy on large corporations in an effort to raise revenues for the EU while avoiding a backlash from the Trump administration, the Financial Times reported on…
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TOKYO, Oct 7 : Blackstone-backed AirTrunk said on Wednesday it was investing an additional $1 billion in its 300-plus-megawatt hyperscale data centre campus in the eastern Japanese city of Inzai to enable AI workloads.• Investment is for…
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SEOUL, Oct 7 : Boston Dynamics, a humanoid robot maker owned by Hyundai Motor Group, said it had appointed Rohit Prasad as chief executive officer, effective October 7. • Prasad previously served as senior vice president and head scientist…
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TOKYO, Oct 7 : Shares of major Japanese beer makers fell nearly 4 per cent on Wednesday after Japan's Fair Trade Commission said it raided the country's four major beer makers on suspicion of collusion in sales of beer and other products…
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TOKYO, Oct 7 : Japan's Fair Trade Commission raided the country's four major beer makers on Wednesday on suspicion of cartelisation in sales of beer and other products to wholesalers, the companies said.• The companies are Kirin Holdings…
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NEW YORK, Oct 7 : The euro tumbled on Wednesday as French bonds came under renewed pressure on fiscal concerns, while the dollar held gains following the minutes from the most recent Federal Reserve meeting.Yields on French and Italian…
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