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CNA Economy Full text
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, CNBC reported on…
CNA Economy Full text
Oct 15 : European physics research centre CERN and Mistral AI have signed a statement of intent to establish a long-term strategic partnership to develop foundation models for scientific discovery, the two organisations said on…
CNA Economy Full text
LONDON, Oct 15 : The dollar slipped from an 18-month peak on Thursday as a sharp drop in Treasury yields weighed on the greenback, while cautious remarks from Federal Reserve officials tempered October hike expectations despite hot…
CNA Economy Full text
Pan Pacific is pressing ahead with its expansion plans, betting on shorter-haul travel and demand from affluent Asian tourists despite geopolitical disruptions.
CNA Economy Full text
BANGKOK/LONDON, Oct 15 : Bank of England Deputy Governor Sarah Breeden said on Thursday the central bank was working with banks on deep cyber-recovery options, arguing that lenders can no longer assume their defences are impenetrable in…
CNA Economy Full text
Oct 15 : Hyundai Motor America is recalling 94,622 vehicles in the US over a risk of fire while parked or driving due to the possibility of some front power seat motors overheating, the US National Highway Traffic Safety Administration…
CNA Economy Full text
STOCKHOLM, Oct 15 : Telecom gear maker Ericsson on Thursday reported a smaller-than-expected drop in third-quarter core profit as efficiency measures helped offset higher component costs, but warned that such costs would affect margins…
CNA Economy Full text
Oct 15 : Dutch digital mapping specialist TomTom NV said on Thursday it would cut 200 jobs globally as part of a reorganisation expected to generate annualised savings of about €21 million ($23.6 million).The company, which has been…
CNA Economy Full text
LONDON, Oct 15 : The Financial Stability Board (FSB), a global standard setter, has called for greater human oversight of agentic AI in final guidance for banks and other firms on managing the technology's risks. The FSB's guidance…
CNA Economy Full text
BANGKOK, Oct 15 : The International Monetary Fund on Thursday projected Asia's economic growth would moderate next year and warned of heightening risks from the Iran war-induced energy shock, a potential correction in the AI boom and…
CNA Economy Full text
Bank of Japan board member Junko Koeda said on Thursday (Oct 15) the central bank should not become overly cautious about raising interest rates given considerable upside risks to inflation.Koeda said Japan's financial conditions remain…
CNA Economy Full text
Oct 15 : New World Development said on Thursday it expects to issue about $189.1 million in new secured notes due 2032 after receiving sufficient tenders during the early phase of its debt exchange offer, aimed at easing near-term…
CNA Economy Full text
It’s not clear how much of the AI boom is being driven by real, end-user demand, say academics.
CNA Economy Full text
Oct 14 : A group of 40 state attorneys general on Wednesday urged a US bankruptcy judge in Delaware to protect young users of Character.AI and keep their data safe during the AI companion company's bankruptcy.Character.AI filed for…
CNA Economy Full text
Oct 14 : A US biotech company says it is making progress toward its goal of resurrecting the dodo, the famous flightless bird with a large hooked beak, and returning it to its native Indian Ocean island of Mauritius, where humans drove it…
CNA Economy Full text
Oct 14 : CoreWeave CEO Mike Intrator said on Wednesday market can sometimes "misunderstand and act irrationally", with shares of the AI cloud-computing provider closing down around 15 per cent.Here are some details:• The company's deal…
CNA Economy Full text
Oct 14 : Anthropic said on Wednesday it would add official US voting information from nonprofit Democracy Works and election results to its Claude AI chatbot later this month, ahead of the November midterms.The AI company said its goal was…
CNA Economy Full text
WASHINGTON, Oct 14 : Ukraine said on Wednesday that Elon Musk's SpaceX had restricted "military-grade" Starlink services, hampering Ukrainian drone strike missions and air defenses.The complaint has drawn renewed attention to the…
CNA Economy Full text
PROVIDENCE, RHODE ISLAND, Oct 14 : A former semiconductor fund manager at Fidelity Investment Management has sued its parent company FMR, claiming it refused to pay him a "multimillion-dollar" compensation package after he joined DFO…
CNA Economy Full text
Oct 14 : A bipartisan group of eight states said on Wednesday they had sued OpenAI in courts across the country over harms they say ChatGPT has caused to their residents, alleging the chatbot has coached its users — including teenagers…
CNA Economy Full text
Oct 14 : Iowa, Kansas and six other states said on Wednesday they had sued OpenAI in courts across the country over harms they say ChatGPT has caused to children, alleging the chatbot has coached children to harm themselves or others. The…
CNA Economy Full text
NEW YORK, Oct 14 : Major AI stocks slumped on Wednesday following the latest hot US inflation report, highlighting investor concern about the risks posed by rising borrowing costs in this capital-intensive sector.Among the leading…
CNA Economy Full text
PROVIDENCE, Rhode Island, Oct 14 : A handful of fund managers are betting that exchange traded funds run by AI stock-picking models can crunch data quicker and make better investment decisions than humans, even as many people remain wary…
CNA Economy Full text
WASHINGTON, Oct 14 : A group of Democratic lawmakers on Wednesday urged the Federal Aviation Administration to conduct a new environmental review before allowing an Amazon Prime Air drone delivery hub to be located about 30 miles (48.28…
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