SoftBank has sold its $5.8 billion stake in Nvidia to finance its growing investment in OpenAI, marking a major reorientation in its AI strategy. The move underscores a global trend …
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The UK is set to carve out its own regulatory path on climate finance following the high-profile failure of a global banking coalition. The Net Zero Banking Alliance (NZBA) officially …
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The AI Crossroads: OpenAI’s $1.4T Spend Asks One Question: Is This a Revolution or a Bubble?
by admin477351The future of artificial intelligence is at a crossroads, and the test case is OpenAI’s $1.4 trillion budget. This staggering sum, earmarked for the chips and datacenters needed to power …
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European industry leaders are expressing significant alarm as the United States prepares to expand its “steel derivatives” tariff list, a move that could see hundreds of new products facing steep …
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The average cost of a UK home has surged to a new record high, brushing the $pounds$300,000 mark after the fastest monthly price rise since January. According to the latest …
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UK banks have been handed a reprieve ahead of the 26 November budget, as Chancellor Rachel Reeves has reportedly decided against increasing taxes on the sector. The move, aimed at …
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Global stock markets tumbled this week as investors began to question whether the spectacular rise in artificial intelligence (AI) valuations had gone too far. The sell-off, which began in the …
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Norway’s sovereign wealth fund, the world’s largest, has announced it will vote against Tesla’s proposed $1 trillion pay package for Elon Musk at the automaker’s upcoming annual meeting. The fund, …
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OpenAI is reportedly preparing for a colossal stock market entry that could see its valuation soar to an unprecedented $1 trillion. If finalized, the listing would be one of the …
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For decades, the 4% rule has been touted as the gold standard for retirement planning. But while it might work in the U.S., applying it blindly in India could lead …