Stocks Drop on AI Valuations and Fed, Pound Slips: Markets Wrap
Stocks declined as uncertainty over Federal Reserve interest-rate cuts and stretched technology valuations weighed on sentiment. Cryptocurrencies retreated.…
Baidu Slumps as Latest AI Model Fails to Impress Wary Investors
Baidu Inc. shares fell by the most in seven months as the newest version of its artificial intelligence…
Asia’s AI Boom Faces Reality Check as Foreigners Deepen Selling
Global investors are pulling money from Asia’s biggest AI markets at the sharpest pace in at least seven…
Will AI mean better adverts or ‘creepy slop’?
MaryLou CostaTechnology Reporter Getty Images Advertisers are using AI to personalise online advertising Imagine one night, you’re scrolling…
Nvidia-Backed Firmus Raises $327 Million for AI Data Center Push in Australia – Bloomberg
Nvidia-Backed Firmus Raises $327 Million for AI Data Center Push in Australia BloombergAustralian AI company Firmus to raise $325…
Morgan Freeman Says His Lawyers Are “Very Busy” With AI Imitators
As some of his peers embrace generative artificial intelligence with their own likeness, Morgan Freeman is putting his…
CEO Southeast Asia’s top bank DBS says AI adoption already paying off
Tan Su Shan, chief executive officer of DBS Group Holdings Ltd., speaking at the Singapore Fintech Festival in…
Australian AI company Firmus to raise $325 million to accelerate AI infrastructure rollout
(Reuters) -Australia’s Firmus announced on Friday an equity raise of A$500 million (​$324.90 million) as the artificial intelligence…
Morgan Freeman Slams Unauthorized AI Voice Use, Taking Legal Action
Morgan Freeman is speaking out again on AI. Freeman recently spoke with The Guardian about his thoughts on…
Kioxia Shares Dive Their Most Ever After AI Outlook Disappoints
Kioxia Holdings Corp. shares fell 23% after the NAND memory maker’s current-quarter outlook missed lofty expectations at a…
VCs abandon old rules for a ‘funky time’ of investing in AI startups
If there’s one thing that VCs agree on when backing AI startups, it’s that AI requires a different…
OpenAI, Apple Lose Bid to Toss Musk xAI Suit Over Competition
Apple Inc. and OpenAI must answer to a lawsuit filed by Elon Musk’s X Corp. and xAI accusing…