Elon Musk launches AI firm xAI as he looks to take on OpenAI
Elon Musk, the billionaire entrepreneur, launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team comprised of engineers from the same big U.S.…
Category: FINANCE
Maison Sara Chraibi shows geometric patterns in haute couture lineup in Paris
Moroccan Maison Sara Chraibi presented a sculptural line-up of garments with elaborate, geometric patterns on Thursday, the final day of Paris haute couture week. Sara…
Twitter threatens Threads lawsuit against Meta
Twitter has threatened to sue Meta Platforms (META.O) over its new Threads platform in a letter sent to the Facebook parent’s CEO Mark Zuckerberg by Twitter’s lawyer Alex Spiro.…
China’s Alibaba unveils AI image generator to take on Midjourney, DALL-E
HONG KONG – Alibaba Group Holdings Ltd (9988.HK) announced on Friday an artificial intelligence (AI) image generator, initially available to enterprise customers in beta form, as it…
Thomson Reuters to acquire legal AI firm Casetext for $650 mln
Thomson Reuters (TRI.TO) said on Monday it had agreed to acquire Casetext, a legal startup with an artificial intelligence-powered assistant for law professionals, in a $650 million…
Tokyo’s $7 bln buyout dials up global chip wars
A government-led buyout signals more uncertainty ahead for a chip industry grappling with oversupply and geopolitics. The state-backed Japan Investment Corp will take over JSR (4185.T), which makes…
Deutsche Bank tells investors some of their Russian shares are missing
LONDON / NEW YORK – Deutsche Bank (DBKGn.DE) has told clients it can no longer guarantee full access to Russian stocks that belong to them, underlining the…
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Development banks can boost lending by $200 bln – Paris summit
PARIS – Multilateral development banks are expected to unlock $200 billion in extra firepower for emerging economies by running their balance sheets more tightly and…
Bahrain’s Mumtalakat extends McLaren group stake
Bahrain’s state investment fund Mumtalakat said on Thursday it has bought the senior preference shareholder stakes in McLaren Group, as part of a proposed broader…
Turkey expects Gulf investments after top-level UAE visit -sources
ANKARA – Turkey expects the United Arab Emirates (UAE) and Saudi Arabia to invest in its energy and defence sectors after negotiations in Abu Dhabi…