New Chinese artificial intelligence algorithms such as Moonshot’s Kimi K3 are causing angst in Silicon Valley. This week’s update explores the possible financial fallout for AI giants and ...
NEW YORK, July 23 (Reuters Breakingviews) - The $852 bln AI firm's agent bypassed safeguards and compromised a peer to finish a task. The scare will fuel calls for tougher cyber defenses and ...
LONDON, July 23 (Reuters Breakingviews) - New Chair Kevin Warsh has called time on steering investors about future policy as part of an effort to make the US central bank more cryptic. The ...
FARNBOROUGH, England, July 23 (Reuters Breakingviews) - Airbus and Boeing touted fresh orders at the biennial Farnborough Airshow, and are upping deliveries of new jets. Increased supply is usually ...
LONDON, July 23 (Reuters Breakingviews) - The €123 bln bank run by Andrea Orcel scrapped a buyback after taking a chunk of Commerzbank and hinted it may mount a board coup. Yet the benefits of that ...
The €37 bln carmaker said sales may fall up to 3% amid a slump in China. That may help win union backing for 100,000 job cuts. But even if Volkswagen can push through these changes, its hopes of ...
CD&R bought Morrisons for a $13 bln enterprise value almost five years ago, making it time to think about an exit. Floating the debt-laden, low-growth supermarket is a nonstarter. Selling to a ...
Boss Peter Orszag is on track to deliver a promised $5 bln in revenue and a 10% annual return by 2030. By most gauges, however, rivals are doing better. After replacing 40% of its rainmakers, the ...
MUMBAI, July 23 (Reuters Breakingviews) - The $268 bln KitKat maker's India arm posted a 48% profit jump in the first quarter, fuelled by instant noodles and Nescafe. Its market share is expanding in ...
MELBOURNE, July 23 (Reuters Breakingviews) - Shemara Wikramanayake is retiring from the job after eight years with the $70 bln bank's stock near a record high. She provided a steady hand. But ...
A new, legally safer set of global levies goes up to 12.5% on most US goods imports. This should make for steadier terms of trade, but bakes in nasty price hikes. Irate voters are clear: they ...
LONDON, July 23 (Reuters Breakingviews) - Brent crude rose to $98 a barrel on fears of Houthi tanker attacks. Prices had stayed contained thanks to weaker demand, pipelines swerving the Strait of ...
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