By Yantoultra Ngui, Kane Wu and Clare Jim HONG KONG, Oct 15 (Reuters) – A market selloff is forcing companies driving the global AI boom to delay fundraising plans or pay more for capital as investors demand proof they can absorb rising interest rates and…
By Andrea Shalal BANGKOK, Oct 15 (Reuters) – The United States wants its global partners to rename artificial intelligence as “super intelligence,” convinced that the new moniker better reflects the emerging technology, a top US Treasury official told Reuters in an interview on Thursday. Treasury…
Oct 15 (Reuters) – Kimberly-Clark on Thursday reported preliminary third-quarter sales and profit above Wall Street expectations on the back of steady demand for its products including Huggies diapers and Kleenex tissues. Here are more details: • The Dallas-based company expects third-quarter net sales of $4.13…
Oct 15 (Reuters) – European physics research centre CERN and Mistral AI have signed a statement of intent to establish a long-term strategic partnership to develop foundation models for scientific discovery, the two organisations said on Thursday. The partners aim to build a ‘Large Physics…
Oct 15 (Reuters) – Global brokerages largely expect the US Federal Reserve to raise interest rates at least once more this year after data on Wednesday showed consumer prices accelerated in September, reinforcing expectations that policymakers may need to keep borrowing costs higher for longer.…
(Corrects dateline to Oct 15 from Oct 14) Oct 15 (Reuters) – AI cloud firm CoreWeave’s shares and bonds slumped further on Thursday despite CEO assurances about its strong deal backlog, in one of the deepest crises of investor confidence yet in an AI build-out…
By Saeed Azhar and Arasu Kannagi Basil Oct 15 (Reuters) – The levels the benchmark 10-year US Treasury yield has touched this year are not unprecedented, the CEO of the oldest US bank told Reuters, as a bruising selloff in government debt lifted yields to…
Oct 15 (Reuters) – India’s Tech Mahindra on Thursday beat second-quarter revenue expectations, as steady growth in its manufacturing communication verticals and a weak rupee helped. Consolidated revenue rose 15.6% to 161.80 billion rupees ($1.70 billion) year-on-year. Analysts, on average, expected revenue to come in…
By Amanda Cooper LONDON, Oct 15 (Reuters) – The cost of insuring against the risk of potential US tech defaults has hit record levels in the latest sign of credit stress building in the so-called AI trade, especially for data centres dependent on future revenue.…
Oct 15 (Reuters) – Venture Global said on Thursday it had signed deals with GE Vernova and Baker Hughes to support up to 16 new power generation units, advancing plans to develop off-grid power capacity that could support AI data centers and its LNG operations.…
