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OpenAI IPO will not happen in 2026 amid AI safety fears, Altman says
17+ hour, 35+ min ago (387+ words) “I actually think that, given everything happening with safety, right now would be an ill-advised moment to go public, and we don’t feel pressure on that,” Altman told Fortune. Growing numbers of U.S. lawmakers are calling for new rules…...
Zara owner Inditex looks to US for next phase of growth
2+ day, 7+ hour ago (567+ words) LONDON, Sept 11 (Reuters) – Fast fashion giant Inditex is investing in the United States as a key growth market, CEO Oscar Garcia Maceiras told Reuters, as the Zara owner opens new stores and revamps existing outlets to woo more aspirational shoppers....
OpenAI launches ChatGPT for financial services industry
2+ day, 20+ hour ago (315+ words) Sept 10 (Reuters) – OpenAI on Thursday launched a version of ChatGPT built for the financial services industry, combining its latest AI model with built-in data from providers including LSEG, PitchBook and Daloopa to target investment bankers and equity researchers. The product,…...
IMF say global growth on track to reach 3% in 2026, but risks remain high
2+ day, 23+ hour ago (188+ words) WASHINGTON, Sept 10 (Reuters) - The IMF on Thursday said the global economy had weathered the energy shock caused by the war in the Middle East better than feared and global economic output was still expected to expand by about 3% in 2026, but…...
Chip startup d-Matrix to use Nvidia chip-linking tech in AI servers
3+ day, 15+ 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…...
EU watchdog flags risk of abrupt market correction
3+ day, 1+ 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…...
Wipro’s AI push frees capacity equivalent to 20,000 workers, CTO says
3+ day, 4+ hour ago (395+ words) By Sai Ishwarbharath B and Abhirami G BENGALURU, Sept 10 (Reuters) – Wipro’s AI initiatives have increased productivity equivalent to the output of 20,000 employees, who have since been redeployed within the Indian IT firm, its chief technology officer said. The comments come…...
AI boom poses new financial stability risks, BIS head says
3+ day, 8+ hour ago (463+ words) LONDON, Sept 10 (Reuters) – AI’s rapid rise is creating new financial stability risks, Bank for International Settlements head Pablo Hernandez de Cos said, with spending on related infrastructure already at a scale significant enough to influence global economic conditions. For central…...
DOJ probes Nvidia’s licensing deal with AI startup Groq, NYT reports
3+ day, 13+ hour ago (170+ words) Sept 9 (Reuters) – The U.S. Justice Department is investigating whether Nvidia tried to skirt antitrust scrutiny of the chipmaker’s licensing deal last year with AI chip startup Groq, the New York Times reported on Wednesday, citing two people familiar with the…...
Chime shares jump 10% as Stride deal puts fintech on path to bank charter
4+ day, 2+ hour ago (347+ words) Sept 9 (Reuters) – Chime shares surged 10% before the bell on Wednesday after the fintech firm agreed to buy Stride for $590 million, gaining a bank charter that would allow it to expand its lending business. Over the past few years, Chime has…...