News
Exclusive-U. S. bank regulators ramp up scrutiny of AI use at financial companies
9+ hour, 42+ min ago (808+ words) NEW YORK, June 12 (Reuters) " U. S. banking regulators are stepping up scrutiny of how lenders deploy artificial intelligence as the developing technology sweeps through the industry, pressing firms on everything from data access and governance controls to risks posed by third-party vendors,…...
Ukraine's defence AI chief predicts "new paradigm' of warfare
8+ hour, 1+ min ago (623+ words) KYIV, June 12 (Reuters) " Warfare in Ukraine and beyond faces a paradigm shift in the coming years as artificial intelligence systems integrate into unified networks that speed up decisions on the battlefield, a senior Ukrainian official said. Ukraine, in the fifth…...
Space X IPO makes Elon Musk the world's first trillionaire
20+ hour, 41+ min ago (922+ words) By Manya Saini and Niket Nishant June 11 (Reuters) " Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has…...
Adobe CFO exit fans strategy worries despite outlook raise
22+ hour, 28+ min ago (254+ words) Durn's exit comes only three months after long-time CEO Shantanu Narayen decided to step down, leaving the company's trajectory uncertain till a new successor is appointed. Adobe shares fell 5% in extended trading. Steve Day, senior vice "president "of corporate finance,…...
Oracle shares slide as hefty AI spending, debt plans spook investors
1+ day, 3+ hour ago (12+ words) WKZO...
Mother sues Open AI, alleging Chat GPT encouraged daughter's suicide
1+ day, 5+ hour ago (574+ words) June 11 (Reuters) " A Canadian mother sued Open AI and its CEO Sam Altman in U. S. court on Thursday alleging that Chat GPT encouraged her daughter to commit suicide, the latest lawsuit to accuse the company of failing to address dangerous conversations…...
China's control over indium phosphide exports threatens AI data centre rollout
1+ day, 17+ hour ago (789+ words) By Laurie Chen and Liam Mo BEIJING, June 11 (Reuters) " Barely a week after Nvidia-backed chipmaker Coherent warned of a shortage of indium phosphide in an earnings call in early May, its CEO Jim Anderson was on a plane with a…...
Trading Day: Sizzling AI now fizzling
1+ day, 21+ hour ago (570+ words) ORLANDO, Florida, June 10 (Reuters) " Another heavy selloff in tech dragged U. S. and global stocks lower on Wednesday, and wider investor sentiment was rocked and oil prices rose sharply after U. S. President Donald Trump threatened to hit Iran "very hard. In my column…...
AI boom sparks rally, frenzy and fear | WKZO | Everything Kalamazoo | 590 AM " 106. 9 FM
2+ day, 59+ min ago (658+ words) By Lucy Raitano, Ben Welsh and Grant Smith LONDON, June 10 (Reuters) " An AI boom has driven stock markets to record highs, big tech firms are piling hundreds of billions of dollarsinto new tech, while consumers, workers and businesses are grappling…...
Open AI weighs leasing Ohio data center with Nvidia backing, The Information reports
2+ day, 16+ hour ago (88+ words) WKZO Open AI weighs leasing Ohio data center with Nvidia backing, The Information reports June 9 (Reuters) " Open AI is in "negotiations to lease a proposed 10-gigawatt data center "campus "on federal "land in Ohio, in a deal "that could "include…...