Culture
OpenAI beefs up GPT models in AI race with Google
OPENAI released its latest artificial intelligence models on Thursday, shrugging off worries about how it will cash in on massive spending in its technology race with Google.The San Francisco-based...
Musk signals plan to launch IPO for SpaceX
Recent US media reports state that SpaceX stands poised for a record-setting US$1.5 trillion IPOELON Musk has signalled plans to soon seek a public stock listing of SpaceX, confirming...
Google faces EU fine next year for favouring own services, sources say
[BRUSSELS] Alphabet’s Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against favouring its own services and products in...
Broadcom forecasts upbeat quarterly revenue on AI chip demand
The company reported revenue of US$18.02 billion for the fourth quarter ended Nov 2, above analysts’ average estimatesBROADCOM on Thursday projected first-quarter revenue above Wall Street estimates, betting that...
Oil retreats as investors’ focus on Ukraine, US fuel supplies
[HOUSTON] Oil prices fell on Thursday as investors focused on Russia-Ukraine peace talks and eyed large surpluses in US petrol and diesel inventories. Source link
European markets end higher as investors cheer Fed cut; SNB holds rate
EUROPEAN shares closed higher on Thursday after a series of lukewarm sessions, as investors welcomed the US Federal Reserve’s overnight interest rate cut and assessed a policy decision from the...
US stocks: Dow, S&P 500 post record closes; Oracle drags on Nasdaq
THE S&P 500 and the Dow boasted record closing highs on Thursday as investors favoured financial stocks after a Federal Reserve policy update that was less hawkish than expected while the...
Oracle shares drop the most since 2001 on mounting AI spending
The stock has already lost about a third of its value through Wednesday’s close since a record high on Sep 10 [NEW YORK] Oracle shares fell the most in...
Disney invests US$1 billion in OpenAI, strikes licensing deal
The company to tap OpenAI tools for new products and experiences, and to roll out ChatGPT to staff[NEW YORK] Walt Disney agreed to invest US$1 billion in OpenAI and...
S&P 500, Nasdaq opens lower on Oracle AI spending jitters
[NEW YORK] The S&P 500 and the Nasdaq opened lower on Thursday (Dec 11) as fresh worries over Oracle’s hefty AI spending plans overshadow optimism over a less hawkish...
Opec says Opec+ raised output in November, leaves demand view steady
[LONDON] Opec said on Thursday (Dec 11) that the wider Opec+ oil producer group nudged up output in November as eight Opec+ members pressed ahead with another production increase,...
Sembcorp to acquire Australian power company Alinta Energy in A$6.5 billion deal
The asset is country’s fourth-largest utilities provider with around 1.1 million customers[SINGAPORE] Sembcorp Industries will acquire Australia’s fourth-largest utilities provider Alinta Energy. In a bourse filing on Thursday (Dec...