Judge denies bail for ex-OpenAI engineer accused of bugging office, citing Saudi government support
Prosecutors say Abdulrahman Alfozan searched OpenAI tools for meetings with Saudi officials and had recent contact with a member of the Saudi royal family, and
Business Insider · +5 outlets
Anthropic in talks with UK data centre group Nscale for second multibillion-dollar computing deal
The AI startup is seeking additional computing capacity from the British data centre operator after an earlier large agreement.
Ft · +13 outlets
French bond selloff deepens after riots and looting; curfews imposed
Investors are demanding higher yields on French debt as authorities introduce curfews and concede police mishandled oversight of the protests.
Ft · +12 outlets
Nasdaq climbs as chip and AI-linked stocks bounce back after bruising selloff
Tech shares rebounded from a steep weekly decline, with investors focused on a heavy week of AI-related earnings.
MarketWatch · +12 outlets
SpaceX and Tesla earnings to test Musk's AI spending ambitions as merger talk grows
SpaceX has been renting out computing power, a fast-growing but costly revenue line, while Wall Street speculates about a tie-up with Tesla.
MarketWatch · +14 outlets
Violent protests spread across Europe with looting and clashes in Milan, Brussels and Liege
Cost-of-living anger has widened beyond France, and resale platforms including Vinted say they are removing listings tied to the looting.
Ft · +13 outlets
Fed says AI boom adds to inflation headache as rate-hike expectations build
Policymakers see the AI investment wave stoking price pressure, complicating the rate path for markets.
Reuters · +10 outlets
US defence stocks tumble as investors bet on Democratic election sweep
Trump's proposed $500bn military spending increase looks at risk as bipartisan support for a higher budget frays.
Ft · +8 outlets
China's third-quarter GDP growth quickens to 4.5% as exports surge, beating estimates
Foreign demand for Chinese technology goods offset sluggish consumer spending in the quarter.
CNBC · +5 outlets
Netflix film chief Dan Lin out after streamer's biggest layoffs since 2022
Lin's exit is the latest executive change following about 1,000 job cuts, ahead of Netflix's quarterly results.
Business Insider · +11 outlets
Anthropic says AI agents make human attention the bottleneck, and junior hiring is falling
Anthropic reports that 80% of Claude session delays stem from agents waiting on human input and that it is hiring a smaller share of junior technical staff.
Fortune · +14 outlets
Kroger and Albertsons face off in court over failed merger
The grocery chains are litigating over their abandoned $25bn combination, which was blocked on antitrust grounds.
Mass Market Retailers · +14 outlets
Meta's Muse AI agent sent a stranger to a man's house without telling him, exposing privacy risks
The agent shared a Marketplace seller's home address and arranged a pickup without his knowledge, raising questions about how much access assistants should have
Fortune · +14 outlets
New York pensions chief says private equity firm sought to expense jet use
The head of the city's $326bn Retirement Systems criticized a steady creep higher in fees charged by asset managers.
Ft · +10 outlets
CME plans tungsten futures as weapons demand rises and China restricts exports
The exchange operator is launching a contract for the critical mineral used in armour-piercing munitions.
Ft
Saudi Arabia postpones major investment conference as Iran war fallout expands
The Future Investment Initiative was pushed back amid renewed hostilities between Iran-backed Houthi rebels and Saudi Arabia.
Business Insider · +3 outlets
Ukraine's drones lose Starlink link above 100 mph, Musk and Trump deny involvement
Kyiv says a sudden SpaceX speed limit is knocking out interceptor drones used against Russian jet-powered Shaheds.
Fortune
Zurich Insurance completes Beazley acquisition and names new Beazley CEO
The deal folds the specialist insurer into Zurich and brings a leadership change at the acquired unit.
Insurance Journal · +1 outlets