OpenAI's first hardware device will be a speaker, Bloomberg News reports
July 14 : OpenAI is planning to release a screenless speaker as its first hardware product, Bloomberg News reported on Tuesday, citing people familiar with the matter.The news comes just days after Apple sued OpenAI and two former employees, alleging misappropriation of its trade secrets to benefit ...
US to launch AI and cybersecurity coordination group, White House says
WASHINGTON, July 14 : The U.S. will set up a group to coordinate information about cybersecurity vulnerabilities raised by AI systems, according to a White House statement, fulfilling U.S. President Donald Trump's order from June. Software companies, AI companies and critical infrastructure pro ...
UK to issue first 'digital' bond by early 2027, finance minister says
LONDON, July 14 : Britain aims to become the first major advanced economy to issue a digital sovereign bond by doing so by early next year, finance minister Rachel Reeves said in a speech on Tuesday.• Britain's "Digital Gilt Instrument" pilot was announced in 2024 and tests how dist ...
TYLSemi raises $43 million to create building blocks of custom AI chips
SAN FRANCISCO, July 14 : TYLSemi, a startup founded by executives from recent Qualcomm acquisition AlphaWave, on Tuesday said it has raised $43 million in early funding to help companies build their own AI chips.The market for such AI chips is booming, with major companies such as Meta Platforms wor ...
Apple wins dismissal of lawsuit over child sexual abuse material on iCloud
July 14 : A U.S. judge has dismissed a proposed class action accusing Apple of failing to stop the dissemination of child sexual abuse material through its iCloud data storage platform, saying the company is broadly shielded from the claims under a federal law protecting online services from liabili ...
Wall Street banks see AI 'super cycle' set to boost deals, financing
NEW YORK, July 14 : A rush by technology companies to fund AI infrastructure is boosting dealmaking and financing activity for Wall Street, bankers said on Tuesday, generating lucrative fees from capital raising and loans.Investment banks have reaped strong fees from AI-related deals, including SK H ...
Delivery Hero confirms advanced negotiations with Uber over potential takeover offer
July 14 : Delivery Hero said on Tuesday it was in advanced negotiations with Uber Technologies regarding a potential takeover offer, confirming earlier media reports that the U.S. ride-hailing and food-delivery company is pursuing the German group.The statement followed a Bloomberg News report that ...
Regulatory action on chips, AI is coming, Commerce official says
WASHINGTON, July 14 : Action regulating artificial intelligence and semiconductors is coming, a U.S. Commerce Department official who oversees export controls said at a hearing on Tuesday.The official, Jeffrey Kessler, made the remarks while noting that the Trump administration does not plan to repl ...
Stocks gain on softer inflation, bank results while oil rises on US-Iran hostilities
NEW YORK/LONDON July 14 : Shares were up modestly on Tuesday after softer than expected U.S. inflation data and strong second-quarter earnings from major banks, while oil prices rose for a second day as the U.S. and Iran battled for control of the Strait of Hormuz.The U.S. Consumer Price Index incre ...
Exclusive-Data center firm Switch taps banks for IPO that could value it up to $80 billion, sources say
July 13 : Data center operator Switch has hired investment banks for an initial public offering that could raise up to $10 billion as soon as the fourth quarter, according to two people familiar with the matter, and value the company at close to $80 billion, including debt.Goldman Sachs and JPMorgan ...
JPMorgan posts record profit on big gains from dealmaking, stock trading
Revenue rose across all business units at the bank
Russia sends American and two cosmonauts to space station with rare NASA chief visit
WASHINGTON, July 14 : Russia sent two cosmonauts and an American astronaut to the International Space Station on Tuesday from Kazakhstan, resuming crewed flights from a recently repaired launchpad with a rare joint attendance by the heads of NASA and Russia's space agency.U.S. astronaut Anil Me ...
Russia launches American and two cosmonauts to space station with rare NASA chief visit
WASHINGTON, July 14 : Russia launched two cosmonauts and an American astronaut to the International Space Station on Tuesday from Kazakhstan, resuming crewed flights from a recently repaired launchpad with a rare joint attendance by the heads of NASA and Russia's space agency.U.S. astronaut Ani ...
Russia launches American and two cosmonauts on space station mission
WASHINGTON, July 14 : Russia launched two cosmonauts and an American astronaut to the International Space Station on Tuesday from Kazakhstan, resuming crewed flights from a recently repaired astronaut launchpad with a rare joint attendance by the heads of NASA and Russia's space agency.U.S. ast ...
Uber in advanced talks on Delivery Hero takeover, Bloomberg News reports
July 14 : Uber Technologies is in advanced talks to acquire German food-delivery company Delivery Hero, Bloomberg News reported on Tuesday, citing people familiar with the matter.The ride-hailing company aims to reach an agreement with Delivery Hero as soon as this week, the report said.A transactio ...
German minister warns against unacceptable delays to 10 billion euro satellite project
BERLIN, July 14 : German Defence Minister Boris Pistorius on Tuesday urged timetable and budget discipline for a planned military satellite project valued at 10 billion euros ($11.45 billion), saying delays were unacceptable given current threats to security."We cannot afford delays in these ti ...
Meta used AI to target workers with medical conditions for layoffs, lawsuit claims
July 14 : Twenty-six former employees of Meta Platforms have filed a lawsuit against the tech company, accusing it of using AI-powered software that disproportionately targeted people with disabilities or who took medical leave in selecting people for mass layoffs.The lawsuit, filed in Oakland, Cali ...
Meta used AI to target workers with medical conditions for layoffs, former employees' lawsuit claims
July 14 : Twenty-six former employees of Meta Platforms have filed a lawsuit against the company, accusing it of using AI-powered software that disproportionately targeted people with disabilities, or who took medical leave, in selecting people for mass layoffs.Meta did not immediately respond to a ...
Perpetuals.com ends acquisition talks with Trump-linked crypto firm
BOSTON, July 14 : Perpetuals.com, a global fintech company, has discontinued discussions to potentially acquire part of a business closely affiliated with World Liberty Financial, the crypto venture backed by the Trump family, according to a press release issued by Perpetuals on Tuesday.“Perpetual ...
S&P 500 and Nasdaq open higher as CPI, bank earnings take focus
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Tuesday (Jul 14) after softer-than-expected inflation data fuelled bets that the...
iX Biopharma allots close to 2.92 mil new shares following warrant exercise
Teo Zheng Long - iX Biopharma (SGX: 42C ) announced on July 14 that it has allotted and issued 2,915,442 new ordinary shares, following the exercise of warrants, at an exercise price of 6 cents per share. Out of the 2,915,442 new ordinary shares, 1,004,036 new ordinary shares are allotted and issued to Albert Ho Shi ...
AI investment race could turn debt-fuelled boom to bust: BIS
The race to build infrastructure for artificial intelligence is on track to surpass previous technological booms that ended up in severe market...
Trendlines portfolio company ElastiMed inks exclusive US distribution agreement with Nasdaq-listed Tactile Medical
Teo Zheng Long - The Trendlines Group (Trendlines) (SGX: 42T ) announced that its portfolio company, ElastiMed Limited, has entered into an exclusive US distribution agreement with Tactile Systems Technology, Inc. (Tactile Medical), which is a Nasdaq-listed medical technology company. Under the agreement, Tactile Me ...
Volare emerges as second largest shareholder of BBR Holdings following various married deals
Teo Zheng Long - Swiss entity, Volare Group AG, has emerged as the second largest shareholder at engineering and construction group, BBR Holdings (SGX: KJ5 ) . In the July 14 filing, Volare has acquired a total of 43 million shares on both July 10 and July 13 at a price of 30 cents per share. The total consideration ...
UK teens report sleep, wellbeing gains under social media restrictions, study shows
LONDON, July 14 : British teenagers who took part in a government-backed trial of social media restrictions reported improvements in sleep, concentration and wellbeing, according to a study published on Tuesday.• A complete ban on social media apps generated the strongest reported gains in focus b ...
Goldman's profit jumps on trading surge, corporate deal spree
Dealmaking picked up pace and market volatility boosted equities business to a record
German media regulator says Google's AI Overviews subject to German media law
BERLIN, July 14 : Germany's media regulator said on Tuesday that Google's AI Overviews and Perplexity AI are subject to the country's media laws, stepping up scrutiny of AI-generated content after a German court found Google liable for inaccurate information produced by the feature. T ...
SLB partners with Liberty Energy to supply modular parts, power to data centers
July 14 : SLB said on Tuesday it has partnered with Liberty Energy to supply modular parts and power to data centers, as the oilfield services firms look to tap surging demand from the AI boom.• Under the deal, SLB said it would design and supply modular and prefabricated components for data cente ...
Oil hits four-week high as US-Iran conflict escalates
Shipping data on Monday also showed the number of tankers transiting the Strait of Hormuz fell in the past day to the lowest level in two months.
Australia to establish government AI office to coordinate regulation
SYDNEY, July 14 : Australia will create an office at the heart of government to manage the development of AI standards, seeking to balance the need to attract investment with effective regulation of the disruptive technology.The "Office of AI" will be established within the Department of t ...
US dollar hovers near 13-month highs ahead of inflation data
Investors are pricing in a higher chance of global interest rates rising this year
Analysis:US state officials fear Paramount-Warner deal will squeeze local movie theaters
July 14 - U.S. states suing to block Paramount’s merger with Warner Bros Discovery argue that the deal could squeeze local movie theaters, which are still struggling to sell as many tickets as they did before the pandemic. “While ticket prices will most likely go up, theaters will be forced to c ...
AI finance startup Flex doubles valuation to about $1.2 billion, source says
July 14 : Flex, an AI startup pitching itself as a one-stop shop for the banking needs of mid-sized business owners, said it raised $70 million in a round led by Halo Fund, a venture firm co-founded by Utah Jazz owner Ryan Smith and Accel partner Ryan Sweeney.The company did not disclose its valuati ...
IBM forecasts preliminary Q2 revenue below estimates as spending shifts to AI
July 14 : IBM's preliminary second-quarter revenue forecast came below Wall Street estimate on Tuesday, as customers prioritized spending on AI infrastructure, including servers, storage and memory purchases, sending its shares slumping 17 per cent in premarket trading. The results reflect an i ...
