Eight business leaders who regularly interact with regulatory officials and the agencies anticipate that U.S. regulators will drastically slash the excess capital banks are required
Category: WORLD NEWS
SEC adopts historic regulation requiring businesses to report emissions and climate concerns.
The historic regulation mandating businesses to disclose information on their greenhouse gas emissions and climate risks is scheduled for a vote by the U.S. Securities
Meta platforms of Facebook, Instagram, Messenger, and Threads suffer global outages.
Currently unavailable globally are the Meta social networking sites, which include its recently launched Threads service. The outages have been reported on Facebook, Instagram, Messenger,
Anthropic launches Claude chatbots, an OpenAI rival, as competition heats up for the smartest AI chatbot.
The competition to create the most intelligent chatbot with artificial intelligence reached a new milestone on Monday when firm Anthropic introduced a new model that
Apple hit with EU’s $2b antitrust fine in music streaming complaint by Spotify
On Monday, the European Union imposed its first antitrust fine of almost $2 billion on the American tech giant for violating the bloc’s competition regulations
Elon Musk sues OpenAI and the company’s CEO, Sam Altman claiming a breach of mission to advance humanity.
Elon Musk is suing OpenAI and CEO Sam Altman for allegedly betraying the ChatGPT maker’s original goals of advancing humanity over business interests. Billionaire Musk
Nvidia CEO says AI could outreason humans in five years, as the company achieves a $2tr valuation.
Artificial general intelligence may arrive in as little as five years, according to Chief Executive Jensen Huang’s comments on Friday. At an economic forum held
JPMorgan outsources a $500b custody business to StanChart and HSBC in Taiwan and Hong Kong.
With assets worth more than $500 billion, JPMorgan Chase has chosen HSBC and Standard Chartered to run its custody businesses in Hong Kong and Taiwan,
Chinese-made “smart cars” can be used to gather sensitive information about Americans at scale.
The Biden administration says it will look into Chinese-made “smart cars” that potentially collect private data on Americans who use them, citing possible threats to
Gottesman’s widow donates $1b to a New York medical school, the highest on record.
Samuel Woo, a first-year student, was thinking about going into cardiology so he could pay off his medical school debt, but last week he learned
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