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Oct 14 : Anthropic told investors its third-quarter revenue jumped to $16.8 billion and that it turned a profit in the quarter, the Financial Times reported on Wednesday.
The Strait of Hormuz crisis has drained fiscal resources as imported energy bills and social subsidies balloon, says an ISEAS - Yusof Ishak Institute academic.
It’s not clear how much of the AI boom is being driven by real, end-user demand, say academics.
Oct 14 : Wall Street's biggest banks want to ride the AI wave without getting caught in its undertow, as the promise of a lucrative infrastructure boom collides with questions over returns and new security threats. Executives at the largest US banks this week discussed the risks of AI agents acting on custom
Oct 14 : Shares of debt-heavy AI firms tumbled on Wednesday as prospects of higher interest rates intensified concerns over the financing of the industry's massive buildout. Companies whose shares had rallied earlier this year on AI optimism were some of the worst performers on the main benchmarks. Here
MEXICO CITY, Oct 14 : Shares in Televisa rose on Wednesday after the Mexican broadcaster said it would buy AT&T's Mexican unit, in a move welcomed by investors that will set up a showdown with telecoms giant America Movil. The acquisition, if completed, would significantly expand Televisa’s telecom footpri
NEW YORK, Oct 14 : The Knot Worldwide has agreed to buy its smaller peer Zola, adding to its portfolio of leading wedding-planning brands, according to two people familiar with the deal. The Knot, which is owned by investment firm Permira, helps couples find local wedding vendors and create personalized wedd
BANGKOK, Oct 14 : Thailand's return to economic growth of about 3 per cent is "definitely possible" within three years if it can tackle some of its structural issues, a deputy central bank governor said on Wednesday, signalling alignment with the government's stance. The Bank of Thailand's monetary policy will
The Gulf Air Bahrain Grand Prix, which was relocated to Malaysia’s Sepang circuit as a one-off event, drew 827 million viewers worldwide, according to Malaysian Youth and Sports Minister Taufiq Johari.
Oct 14 : ASML said on Wednesday AI-driven demand for its chip-printing tools is so strong that it will not be able to fully meet customer demand in 2027 or 2028 and it is looking at ways to further expand capacity. The biggest maker of equipment needed to manufacture computer chips forecast sales for the fourt
Oct 14 : ASML on Wednesday forecast fourth-quarter sales above analyst expectations, as AI-driven demand for its chipmaking equipment remains strong, and narrowed its 2026 outlook. The Dutch company guided for fourth-quarter net sales of €14.2 billion to €15.2 billion ($15.9 billion to $17.0 billion) and a
Oct 14 : ASML said on Wednesday customers were already looking to place orders for its advanced chipmaking tools for 2029 and 2030, easing concerns that the artificial intelligence investment boom was losing momentum. The upbeat outlook from the Dutch company, the biggest maker of tools used to make AI chips a
With a local clearing organisation in China, Visa would be able to settle domestic yuan transactions directly with its own network.
OSLO, Oct 13 : Finland's Nokia said on Tuesday it has agreed to sell its Enterprise Campus Edge (ECE) business to private equity group Aurelius.• The deal is expected to close in the first half of 2027, Nokia said in a statement, without revealing the price• "This planned transaction supports Nokia
Oct 13 : Anthropic said on Monday its experiments suggested small AI models may be months away from being capable enough to self-replicate on commercial internet-of-things (IoT) devices, such as smart ovens and off-brand Android TV boxes. • In its experiments, Anthropic looked at whether AI models could
Oct 13 : Czech arms maker CSG said on Tuesday it had acquired a 9.5 per cent stake in Canada's MDA Space, becoming the satellite and space technology company's largest shareholder.CSG said the investment was its first venture into the space sector and could lead to further cooperation, including joint investm
TOKYO: The ratio of Japanese households expecting prices to rise a year from now hit 88.6 per cent in September, a quarterly Bank of Japan survey showed on Tuesday, down from 90.4 per cent in the previous survey. The survey also showed 86.5 per cent of respondents expect prices to rise five years from now
Oct 12 : Character.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney for $20 million. Here are some details about the bankruptcy and sale proceedings:• Character.AI said it has begun the formal process to sell assets, including a l
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