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Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

AI giant Anthropic to pay $1.5 bn over pirated books

San Francisco, United States - Anthropic will pay at least $1.5 billion to settle a US class action lawsuit over...
  • "This landmark settlement far surpasses any other known copyright recovery," said plaintiffs' attorney Justin Nelson. "It is the first of its kind in the AI era."
  • San Francisco-based Anthropic announced this week that it raised $13 billion in a funding round valuing the AI startup at $183 billion

Norway experiments with electric plane in real-life test

Oslo, Norway -- An electric plane took to the skies between the Norwegian airports Stavanger and Bergen on Thursday, simulating...
  • The small aircraft -- an Alia built by US aircraft manufacturer Beta -- flew the 160 kilometers in a test run by the Norwegian affiliate of the transport company Bristow.
  • The flight took 55 minutes and simulated a cargo flight route in southeastern Norway.

Apple to lower iPhone 12 radio power across EU

Paris, France - Apple will update software on iPhone 12 handsets across the EU to lower the power of their...
  • The software update, scheduled "in the coming weeks" across the EU, is in line with a 2023 change made to the phones in France based on testing by ANFR radio frequency authority
  • "We continue to disagree with the French ANFR's testing approach, (but) respect the European Commission's decision," Apple said in a statement

Austrian university develops technique to renew buildings without demolition

Vienna, Austria - A research team from Graz University of Technology in Austria has succeeded in developing an innovative fastening...
  • The system enables the connection and disassembly of building components with ease, allowing the separation of long-term structural elements from shorter-lived components
  • The project won the gold medal in the scientific research competition under the sustainability category and is regarded as a pioneering step towards smart construction

AI helps UK woman rediscover lost voice after 25 years

London, United Kingdom -- A British woman suffering from motor neuron disease who lost her ability to speak is once...
  • Sarah Ezekiel, an artist, was left without the use of her voice after she was diagnosed at the age of 34 with MND while pregnant with her second child 25 years ago.
  • AI tools developed by a New York-based ElevenLabs developed voice very close to her original, complete with her London accent.

Google to provide Gemini AI tools to US government

Google will provide its Gemini artificial intelligence tools to US federal agencies practically free, the government announced Thursday.
  • A suite of AI and cloud computing services called "Gemini for Government" from Google is intended to speed the adoption of the technology across the US government
  • AI tools being provided include generation of video, images, or ideas as well as digital "agents" capable of independently tending to complex tasks

OpenAI releases ChatGPT-5 as AI race accelerates

San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPT on Thursday, touting "significant" advancements...
  • ChatGPT-5 is rolling out free to all users of the AI tool, which is used by nearly 700 million people weekly, OpenAI said in a briefing with journalists.
  • Co-founder and chief executive Sam Altman touted this latest iteration as "clearly a model that is generally intelligent."

Trump announces 100% chip tariff, pressuring Asian producers

The US president unveiled the levy at the White House on Wednesday ahead of the imposition of sweeping tariffs on...
  • shares in Taiwan's TSMC -- world's largest contract maker of chips -- soared nearly 5% after the government said the company will not be affected.
  • Trump has previously accused Taiwan of having stolen the US chip industry, and earlier this year, TSMC unveiled a plan to invest an extra $100 billion in the United States.

AI search pushing an already weakened media ecosystem to the brink

New York, United States - Generative artificial intelligence assistants like ChatGPT are cutting into traditional online search traffic, depriving news...
  • A recent Pew Research Center study reveals that AI-generated summaries now appearing regularly in Google searches discourage users from clicking through to source articles
  • This represents a devastating loss of visitors for online media sites that depend on traffic for both advertising revenue and subscription conversions

China says balance between AI development, security ‘urgently requires consensus’

China's Premier Li Qiang warned Saturday that artificial intelligence development must be weighed against the security risks, saying global consensus...
  • This week US President Donald Trump unveiled an aggressive low-regulation strategy aimed at cementing US dominance in the AI field
  • Opening the World AI Conference (WAIC) in Shanghai on Saturday, Li emphasised the need for governance and open-source development

Microsoft trims service to Israel over Gaza surveillance

San Francisco, United States - Microsoft on Thursday said it cut an Israeli defense unit's access to some cloud services...

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Apple to lower iPhone 12 radio power across EU

Paris, France - Apple will update software on iPhone 12 handsets across the EU to lower the power of their...

Austrian university develops technique to renew buildings without demolition

Vienna, Austria - A research team from Graz University of Technology in Austria has succeeded in developing an innovative fastening...

AI helps UK woman rediscover lost voice after 25 years

London, United Kingdom -- A British woman suffering from motor neuron disease who lost her ability to speak is once...

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OpenAI releases ChatGPT-5 as AI race accelerates

San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPT on Thursday, touting "significant" advancements...
  • ChatGPT-5 is rolling out free to all users of the AI tool, which is used by nearly 700 million people weekly, OpenAI said in a briefing with journalists.
  • Co-founder and chief executive Sam Altman touted this latest iteration as "clearly a model that is generally intelligent."

Trump announces 100% chip tariff, pressuring Asian producers

The US president unveiled the levy at the White House on Wednesday ahead of the imposition of sweeping tariffs on...
  • shares in Taiwan's TSMC -- world's largest contract maker of chips -- soared nearly 5% after the government said the company will not be affected.
  • Trump has previously accused Taiwan of having stolen the US chip industry, and earlier this year, TSMC unveiled a plan to invest an extra $100 billion in the United States.

AI search pushing an already weakened media ecosystem to the brink

New York, United States - Generative artificial intelligence assistants like ChatGPT are cutting into traditional online search traffic, depriving news...
  • A recent Pew Research Center study reveals that AI-generated summaries now appearing regularly in Google searches discourage users from clicking through to source articles
  • This represents a devastating loss of visitors for online media sites that depend on traffic for both advertising revenue and subscription conversions