Business
Anthropic Taps Accenture as First Embedded AI Safety Evaluator
Anthropic has selected Accenture as its first embedded AI safety evaluator, with both companies committing to invest at least $1 billion each over five years.
US 10-year Treasury yield returns to 5 percent as most stocks decline
The US 10-year Treasury yield returned to the 5 percent threshold, triggering broad market declines as Warren Buffett stepped down as Berkshire Hathaway chairman.
Uber ordered to pay $40M after passenger dropped off on freeway and killed
Uber has been ordered to pay $40 million following an arbitration ruling over the tragic freeway death of a passenger dropped off in an unsafe location.
Bank of Japan reaches 31-year high interest rate level
The Bank of Japan raised its policy interest rate to 1.25%, marking a 31-year high. Meanwhile, Warren Buffett stepped down as chairman of Berkshire Hathaway.
Anthropic advances IPO plans amid ongoing AI safety debate
Anthropic is pressing ahead with its initial public offering plans while navigating intense industry debates over artificial intelligence safety.
Westinghouse said to seek over $50 billion valuation in planned IPO
Nuclear reactor technology provider Westinghouse Electric Co. Is pursuing a valuation exceeding $50 billion for its upcoming U.S. Initial public offering.
US farmers face record diesel prices, squeezing margins
American agricultural producers face severe financial strain as record-shattering diesel prices coincide with peak harvest cycles, threatening small farms and consumer grocery prices.
West Vancouver driver fined after school drop-off in golf cart
West Vancouver police intercepted a driver attempting a school drop-off in an uninsured golf cart, issuing multiple fines and towing the vehicle over safety concerns.
Saudi Arabia cuts all October crude deliveries to European refiners
Saudi Aramco has cancelled all October crude allocations for European buyers following a drone strike on the East-West pipeline. This shutdown has severed crucial export routes, forcing European refiners to scramble for alternative supplies as global prices climb.
Federal Reserve raises benchmark interest rate by quarter-point to combat inflation
The Federal Reserve raised its benchmark interest rate by a quarter-point to a range of 3.75% to 4.00% to combat persistent inflation, impacting borrowing and saving.
Warren Buffett Steps Down as Berkshire Hathaway Chairman; Howard Succeeds
Warren Buffett has stepped down as chairman of Berkshire Hathaway after a 56-year tenure, with his son Howard taking over the chairmanship as part of a planned succession.
Nestlé assesses options after Russia seizes local assets
Nestle is assessing its options after the Kremlin placed its Russian operations under temporary administration, affecting six manufacturing plants and 7,000 employees.
Crusoe raises $3.9B to build massive data centers and small modular AI factories
Crusoe has raised $3.9 billion in a Series F funding round, boosting its valuation to $30.9 billion to expand massive data centers and modular AI factories.
Healthscope hospital network divided among four operators following collapse
Healthscope's 25 remaining hospitals and a service platform have been divided among four operators following the company's financial collapse.
US Stock Futures Rally as Bond Yields Fall on Fed Rate Hike
Global markets rallied as U.S. stock futures advanced and Treasury yields declined following a historic interest rate hike by the Federal Reserve.
Nestle India shares drop as FSSAI launches legal action over baby formula
Nestle India shares fell after the FSSAI launched three adjudication cases over baby formula marketing violations and sub-standard Biotin levels.
Bank of Japan raises interest rates to 31-year high of 1.25% as inflation rises
The Bank of Japan raised its benchmark interest rate to 1.25% in a 7-2 vote, reaching its highest level since 1995 as policymakers address global inflation.
Anthropic urges AI labs to pause, warns humans risk losing control
Anthropic has called for a coordinated pause among leading AI labs, warning that models writing over 80 percent of their own code risk triggering unstoppable recursive self-improvement.
Microsoft executive called AI scraping largest theft of labor in filings
Newly unsealed court documents from an ongoing copyright lawsuit reveal internal Microsoft communications describing AI data scraping as labor theft.
King Charles warns of 'existential danger' from AI in wrong hands
King Charles convened top artificial intelligence executives at Dumfries House to warn against the existential threats posed by advanced technology.