Chip Stocks Tumble After AI Leaders Call for Slowdown in Development
U.S. chip stocks followed European and Asian peers lower premarket after the world's biggest AI companies called for the industry to slow the tech's development for safety reasons.
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Sam Altman Says We Risk Losing Control of AI
AI-companies risk losing control of AI systems and shouldn't wait for governments to regulate the technology, OpenAI Chief Executive Sam Altman has said.
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TD Bank Pledges More than $108 Billion to Fuel Canada's Infrastructure
The five-year pledge comes alongside research from TD Economics estimating that overall Canadian nation-building capital investments could reach up to $1.2 trillion by 2035.
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NextEra, Dominion Propose Expanded State Benefits to Support Merger
NextEra Energy and Dominion Energy have proposed an expanded state benefits package to regulators as they look to secure approval for their $67 billion merger.
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Airbnb Sets Up $250 Million Fund to Invest in Housing Construction
Long criticized for driving up housing prices, the short-term rental platform pledges to fill financing holes that have stalled developments.
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AstraZeneca Breast-Cancer Drug Misses Goal in Late-Stage Trial
The Etcamah results came a week after the U.S. granted approval for the drug for advanced breast cancer upon the detection of a specific mutation.
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Novo Nordisk Slims Down Name to Novo
The Wegovy maker is betting that a shorter name will help it resonate more with consumers as it competes with rival Eli Lilly.
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Forget Robot Workers, This Company Wants to Build Soldiers
Unmanned aerial drones and vehicles are already on the frontlines of military conflicts. Foundation Future Industries wants combat-ready humanoid robots to be next.
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Hugo Boss Chairman to Step Down After Frasers Talks
The decision comes after Frasers Group reached near-majority ownership.
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Amazon Pauses Operations With 21 Air After Miami Crash
The crash has put a spotlight on 21 Air and owner Jim Crane, the logistics magnate and owner of Houston Astros baseball team.
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Biggest AI Rivals Agree They Need to Slow It Down
Elon Musk and Sam Altman supported Anthropic boss Dario Amodei's call for curbs on breakneck development. Altman even suggested OpenAI may delay its IPO to focus on safety.
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Pfizer Makes an Unusual Enemy in $2 Billion Fight Over Unwanted Covid-19 Vaccines
The drugmaker has targeted air-traffic control fees in a dispute with Poland and Romania.
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Tesla Is Reclaiming the U.S. EV Market as Legacy Automakers Retreat
U.S. EV sales remain depressed, but Tesla's market share has recovered from its 2025 nadir.
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Z.AI Plans $5.0 Billion Fundraising to Fuel AI Expansion
The latest fundraising by Z.AI, formerly known as Zhipu AI, comes less than two months after the company raised US$4.0 billion through a share placement in July.
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Metlen Signs Greek Energy Supply Deal with Petronas
Metlen said the partnership would enhance supply security and meet internal energy needs as well as broader European gas demand.
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Larry Ellison Scraps Plan to Sell Up to $7.5 Billion Worth of Oracle Stock
The billionaire said that no stock was sold, and that he canceled a plan to unload 50 million shares.