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AI-linked Asian stocks slump after top lab CEOs call for slowing down technology’s development
12+ hour, 9+ min ago (446+ words) SINGAPORE, Sept 14 (Reuters) – AI-connected stocks fell sharply in early Asian trading on Monday after the CEOs of the companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity. Anthropic CEO Dario…...
Anthropic tells investors it will be profitable for second straight quarter, FT reports
17+ hour, 25+ min ago (120+ words) WTAQ Anthropic tells investors it will be profitable for second straight quarter, FT reports Sept 13 (Reuters) – Anthropic has told shareholders that its adjusted operating income will be positive for a second straight quarter, the Financial Times reported on Sunday, citing…...
Ahead of Fed meeting, Trump says US should have world’s lowest interest rate
18+ hour, 39+ min ago (458+ words) By Bo Erickson, Padraic Halpin and Conor Humphries DOONBEG, Ireland, Sept 13 (Reuters) – No country should have lower interest rates than the U.S., President Donald Trump said on Sunday, days before the Federal Reserve’s next policy meeting. Speaking to reporters at…...
Lithuania says drone sighting turns out to be flock of birds, after NATO summons jets
1+ day, 2+ hour ago (174+ words) VILNIUS, Sept 13 (Reuters) – Lithuania said that a perceived drone sighting in its airspace earlier on Sunday that prompted authorities to close Vilnius airport and NATO to summon at least one fighter jet, turned out to be a flock of birds....
Chip startup d-Matrix to use Nvidia chip-linking tech in AI servers
4+ day, 32+ min ago (237+ words) Sept 10 (Reuters) – D-Matrix said on Thursday it will adopt Nvidia’s chip-linking technology to use the startup’s processors directly inside the semiconductor giant’s data-center systems as demand for AI intensifies. Artificial intelligence workloads have been shifting from training AI models to…...
Starlink rival Eutelsat plans OneWeb expansion after €1 billion satellite order
3+ day, 19+ hour ago (314+ words) Sept 10 (Reuters) – Satellite operator Eutelsat said on Thursday it will replenish and expand its OneWeb network through 2034 after the Franco-British operator signed a deal with Airbus for 229 additional low Earth orbit satellites. The new order, representing an investment of €1 billion…...
ECB hikes rates as Iran war adds to inflation angst
4+ day, 3+ hour ago (668+ words) LONDON, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. The…...
Wall St slips after hotter-than-expected producer inflation data
4+ day, 3+ hour ago (577+ words) By Tharuniyaa Lakshmi and Niket Nishant Sept 10 (Reuters) – Wall Street’s main indexes fell on Thursday after producer prices data for August raised expectations of an interest rate hike this month, while an escalating conflict in the Middle East kept oil…...
S&P 500, Nasdaq futures extend losses slightly after August PPI data
4+ day, 3+ hour ago (129+ words) WTAQ S&P 500, Nasdaq futures extend losses slightly after August PPI data Sept 10 (Reuters) – The S&P 500 and Nasdaq futures extended losses slightly on Thursday after producer prices data for August. A Labor Department report showed the Producer Price Index…...
EU watchdog flags risk of abrupt market correction
4+ day, 3+ hour ago (291+ words) By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s financial watchdog said on Thursday, citing conflict in the Middle East and rising energy…...