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SoftBank completes final phase of $30 billion investment in OpenAI

Oct 1 : SoftBank Group said on Thursday it has completed its $30 billion investment in OpenAI as part of its commitment to the ChatGPT maker's last fundraising round.Here are some other details:• Earlier this year, OpenAI had secured $122…

SoftBank completes final phase of $30 billion investment in OpenAI

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California AG Bonta issues subpoena to OpenAI over AI cybersecurity risks

Oct 1 : California Attorney General Rob Bonta has issued an investigative subpoena to OpenAI, as part of a broader inquiry into cybersecurity incidents and risks related to its AI models, his office said on Thursday.Last month, Bonta…

California AG Bonta issues subpoena to OpenAI over AI cybersecurity risks

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GM hangs on to US sales crown, but Toyota closes in

Oct 1 : General Motors remained the top US auto seller during the third quarter despite a dip in sales, but Toyota Motor continued chipping away at its lead as high gasoline prices pushed buyers toward hybrids.GM, Ford Motor and Stellantis…

GM hangs on to US sales crown, but Toyota closes in

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Synopsys shares jump on robust growth outlook, OpenAI and AWS deals

Oct 1 : Synopsys shares jumped 10 per cent on Thursday after the chip-design software maker forecast fiscal 2027 revenue and profit above analysts' estimates and unveiled deals with OpenAI and Amazon Web Services.At its investor day in New…

Synopsys shares jump on robust growth outlook, OpenAI and AWS deals

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Global bond selloff boosts dollar, pressures euro

NEW YORK/LONDON, Oct 1 : The dollar rose to a 17-month high against the euro on Thursday as a global bond selloff pushed US and European government yields to fresh highs, with higher oil prices stoking inflation concerns.The European…

Global bond selloff boosts dollar, pressures euro

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Dollar hits 17-month high versus euro as bond selloff lifts yields

NEW YORK/LONDON, Oct 1 : The dollar rose to a 17-month high against the euro on Thursday amid a selloff in government bonds across the US and Europe, which pushed Treasury yields to fresh peaks as higher oil prices fanned inflation. The…

Dollar hits 17-month high versus euro as bond selloff lifts yields

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Fight AI with AI, Thales CEO tells cybersecurity gathering

PARIS, Oct 1 : The head of Europe's largest defence technology firm, France's Thales, called for greater investment in AI-powered defences to keep pace with a "frightening" increase in cyberattacks enhanced by artificial intelligence.AI…

Fight AI with AI, Thales CEO tells cybersecurity gathering

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Volantis raises $88 million for tech to connect AI, memory chips

SAN FRANCISCO, Oct 1 : San Francisco-based semiconductor startup Volantis on Thursday said it has raised $88 million in venture capital in an effort to solve a key challenge for AI chips by tapping a technology that is already sitting in…

Volantis raises $88 million for tech to connect AI, memory chips

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Samsung Electronics raises Galaxy S26 smartphone prices, Yonhap reports

SEOUL, Oct 1 : Samsung Electronics has raised the prices of its flagship Galaxy S26 smartphones amid rising memory chip prices, the Yonhap news agency reported on Thursday. • The South Korean smartphone maker raised the domestic price of…

Samsung Electronics raises Galaxy S26 smartphone prices, Yonhap reports

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Nidec aims for October audit sign-off as new CEO vows to restore trust

TOKYO, Oct 1 : Nidec's new CEO Michio Kaida apologised on Thursday for another change in leadership at the Japanese electric motor maker, which has been rocked by an accounting scandal, saying his mission was to rebuild the company and…

Nidec aims for October audit sign-off as new CEO vows to restore trust

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Proxy adviser calls for Australia's ASX shareholders to reject pay report

SYDNEY, Oct 1 : Influential proxy adviser Institutional Shareholder Services has urged Australian Securities Exchange investors to vote against its pay plans, saying executive bonuses were "misaligned" with its recent performance.ISS said…

Proxy adviser calls for Australia's ASX shareholders to reject pay report

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Japan PM vows to underpin yen by boosting economic competitiveness

TOKYO, Oct 1 : Japanese Prime Minister Sanae Takaichi said the administration's efforts to boost the country's economic competitiveness will help ensure market confidence in the yen, according to a recorded interview aired by Nippon…

Japan PM vows to underpin yen by boosting economic competitiveness

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BOJ debated faster rate hikes in September, government pushed back

TOKYO: Some Bank of Japan policymakers saw the need to accelerate the pace of interest rate rises or bring them closer to the central bank's "goal" soon, a summary of opinions at its September meeting showed, heightening the chance of more…

BOJ debated faster rate hikes in September, government pushed back

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Citi raises bitcoin, ether forecasts on strong crypto activity

Oct 1 : Citigroup raised its 12-month forecasts for bitcoin and ether, citing stronger crypto activity, a supportive macroeconomic backdrop and a resumption of ETF inflows.The brokerage increased its target for bitcoin to $113,000 from…

Citi raises bitcoin, ether forecasts on strong crypto activity

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South Korean shares end nearly 2% higher on record chip exports

SEOUL, Oct 1 : Round-up of South Korean financial markets:** South Korean shares recouped early losses to end nearly 2 per cent higher on Thursday, led by gains in chipmakers after domestic trade data smashed forecasts to hit a fresh…

South Korean shares end nearly 2% higher on record chip exports

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Nokia and Iceye to make low-orbit satellite systems for defence, security

OSLO, Oct 1 : Nokia and Iceye will develop satellite communications systems for governments and defence contractors, supporting missions from military and border security to emergency services and disaster response, the companies said on…

Nokia and Iceye to make low-orbit satellite systems for defence, security
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