China’s consumer prices rose in Oct, reversing stagnation
Beijing has struggled to maintain a strong economic recovery from the pandemic, as it fights a debt crisis in its...Economy
OpenAI signs $38 bn infrastructure deal with cloud giant AWS
Under the seven-year agreement, OpenAI, which is partly owned by AWS's archrival Microsoft, will gain access to computing resources including...Technology Business
US Fed will likely cut again despite economic murkiness from shutdown
The central bank's second-to-last rate meeting of the year is taking place against the backdrop of a weeks-long standoff between...Without these key insights into the US economy, Fed officials will be forced to set interest rates without the full spectrum of data they normally rely upon.
The US central bank has a dual mandate from Congress to act independently to tackle both inflation and unemployment.
Iran declares major lender bankrupt
Iran declared one of the country's largest private banks bankrupt with its assets absorbed by the state, official media reported...Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran alone
But it had more recently been crippled by debt, with accumulated losses amounting to the equivalent of about $5.2 billion
Gartner lists 2026’s defining tech: Faster AI, safer clouds, and smarter security
AI supercomputing platforms integrate CPUs, GPUs, AI ASICs, neuromorphic and alternative computing paradigms, enabling organizations to orchestrate complex workloads while...AI supercomputing platforms integrate CPUs, GPUs, AI ASICs, neuromorphic and alternative computing paradigms, enabling organizations to orchestrate complex workloads
By 2028, Gartner predicts that over 40% of leading enterprises will have adopted hybrid computing paradigm architectures into critical business workflows, up from the current 8%
China vows massive high-tech sector development in next decade
Beijing, China -- China will develop its high-tech sector on a massive scale in the next decade, top officials vowed...The country has poured support and investment into developing its science and technology sectors, part of ongoing efforts to present itself as a world leader in those areas.
Domestically, China has been beset by sluggish spending, a protracted property sector crisis and a demographic crunch as its population starts to decline.
Anthropic announces massive AI chip deal with Google
San Francisco, United States - Artificial intelligence giant Anthropic said Thursday it was expanding its use of Google cloud computing...The arrangement will include Anthropic buying as many as one million Tensor Processing Units (TPUs), which are integrated circuits custom-designed by Google
The expansion promises to let Anthropic bring more than a gigawatt of new computing power online by the end of 2026, enabling it to meet "exponentially growing demand."
Oil prices surge as Trump hits Russian crude with sanctions
The international benchmark contract, Brent North Sea crude, jumped 4.8 percent while West Texas Intermediate was up 5.1 percent. Trump on Wednesday announced...The move was joined by another round of punishments by the European Union as part of attempts to pressure Moscow to end its three-and-a-half-year invasion of Ukraine.
According to industry analysts the two companies account for just over half of Russia's oil output, and both also produce natural gas.
Celebrities, AI giants urge end to quest for superintelligence capable of outsmarting humans
Signatories include the "Godfather of AI" and 2024 winner of the Nobel Prize in Physics Geoffrey Hinton; Computer Sciences Professor...Most major AI developers are striving for artificial general intelligence (AGI), a stage where AI would match all human intellectual capabilities, and even superintelligence
Speaking at an event organised by the media group Axel Springer in September, OpenAI CEO Sam Altman said that superintelligence could be achieved within the next five years
Norway’s wealth fund to enlist AI for managing climate risks
Oslo, Norway -- Norway's sovereign wealth fund said Wednesday that it would incorporate artificial intelligence tools into its investment analysis...The fund's head of active ownership, Wilhelm Mohn, said AI along with its own analysis tools would allow it to "streamline processes and enhance decision-making".
The fund urges the more than 8,600 companies it invests in worldwide to commit to net-zero carbon emissions by 2050.
OpenAI unveils search browser in challenge to Google
San Francisco, United States - ChatGPT-maker OpenAI on Tuesday announced an "Atlas" search browser, leveraging its artificial intelligence prowess in..."This is an AI-powered web browser built around ChatGPT," OpenAI chief Sam Altman said in a streamed presentation
OpenAI has ramped up its challenge to Google, which has responded by rapidly building more AI capabilities into search and across its platform
Gold falls again as rally comes to halt, Asian markets drop
Gold and silver tumbled for a second day Wednesday, bringing a rally in the precious metals to a juddering halt,...Bullion has seen an eye watering run-up since the turn of the year, helping it climb more than 60 percent and hitting multiple records
The rally has been built on a range of issues including a weaker dollar, expectations of interest rate cuts, falling bond yields and central bank buying
