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Nike is deepening its restructuring under CEO Elliott Hill as its woes in China intensify, announcing a plan to cut more jobs and shake up its global business divisions after the sportswear giant projected a surprisingly steep drop in…
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Oct 1 : Comcast's NBCUniversal is cutting jobs in its global streaming technology organization, the owner of the Fast & Furious and Jurassic Park franchises said on Thursday.• The number of employees affected would depend on the outcome of…
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Oct 1 : OpenAI has informed more than 100 organizations about incidents involving unauthorized activity tied to its AI agents, according to a blog post by the ChatGPT maker, as AI labs face mounting scrutiny over rogue AI agent…
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Using China as the boogeyman is no longer a convincing excuse for inaction on AI regulations by US lawmakers, says Catherine Thorbecke for Bloomberg Opinion.
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Oct 1 : Federal Reserve Governor Lisa Cook said on Thursday that she sees AI, and its inflationary push, as a top risk for 2027, and noted that increasingly frequent supply shocks have had surprisingly persistent effects and become more…
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WASHINGTON, Oct 1 : The US Securities and Exchange Commission on Thursday proposed new rules it said would help govern investment funds' custody of crypto assets under federal securities laws, according to a statement.SEC Chair Paul Atkins…
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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…
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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…
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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…
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NEW YORK/LONDON, Oct 1 : Bond yields fell on Thursday, after the benchmark 10-year Treasury yield earlier hit its highest level since 2002, while stocks also eased as US manufacturing data pointed to sustained inflation pressures.Yields…
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Oct 1 : Accenture shares surged 22 per cent, on track for their best day ever, after a stronger-than-anticipated annual revenue growth forecast underscored the resilience of the IT consulting business hammered by worries over AI-led…
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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…
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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…
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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…
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CAPE CANAVERAL, Florida, Oct 1 : A SpaceX rocket lifted off from Florida on Thursday with a crew of two US astronauts, a Canadian astronaut and a Russian cosmonaut headed to the International Space Station for a science mission devoted to…
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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…
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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…
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NEW DELHI, Oct 1 : Amazon and Walmart's Flipkart have begun checking security camera listings on their platforms in India after hundreds of unlicensed products were offered for sale despite strict government testing rules imposed six…
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Oct 1 : Armadin said on Thursday that it raised $255.5 million in a Series B funding round, which values the AI cybersecurity company at more than $2.5 billion.Investors have poured large sums into early-stage startups building defenses…
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LONDON, Oct 1 : A group of 30 multilateral development banks and finance institutions is launching new joint methodologies that aim to accurately measure, and eventually increase, the amount of capital they funnel to emerging markets. The…
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NEW YORK/SAN FRANCISCO, Oct 1 : Anthropic’s IPO prospectus documents extensive partnerships with a handful of big tech firms. One stands out: chip maker Broadcom.The company's relationship with Anthropic spans compute supply, equipment…
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NEW YORK, Oct 1 : Nvidia's mammoth financing plan has opened a debate on Wall Street about how much its advanced chips and the infrastructure around them are worth. The answer for banks and investors seems to be: Not as much as Nvidia…
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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…
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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…
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