By Katie Paul NEW YORK – Facebook owner Meta said on Friday it was releasing a batch of new AI models from its research division, including a “Self-Taught Evaluator” that may offer a path toward less human involvement in the AI development process. The release follows Meta’s introduction of the tool in an August paper, …
Meta releases AI model that can check other AI models’ work Read More »
(Reuters) -Jeff Bezos-backed Perplexity AI has begun fundraising talks in which it is looking to more than double its valuation to $8 billion or more, the Wall Street Journal reported on Sunday. Perplexity has told investors it is looking to raise around $500 million in the new funding round, the Journal reported citing people familiar …
Perplexity AI in funding talks to more than double valuation to $8 billion, WSJ reports Read More »
By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) – Wall Street’s main indexes were subdued on Monday as investors took a breather after the previous week’s rally, awaiting results from major companies that could influence whether markets would sustain their record highs or decline. The Dow Jones Industrial Average fell 89.46 points, or 0.21%, to …
Wall St muted as investors pause ahead of big corporate earnings Read More »
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto highlighted a “huge” deanchoring of inflation expectations in the country, adding that it is “very important” to bring inflation back to target, and that policymakers are committed to doing so. Speaking at an event hosted by the 20-20 Investment Association, he said tight labor market …
Brazil central bank chief highlights ‘huge’ deanchoring of inflation expectations Read More »
(Reuters) – JPMorgan Chase has rehired scientist Sarah Kapnick to advise its corporate and investment banking clients, according to an internal memo seen by Reuters on Monday, as the Wall Street giant ramps up its climate advisory offerings. Kapnick rejoins JPMorgan as the global head of climate advisory within the firm’s commercial and investment bank …
JPMorgan rehires scientist Sarah Kapnick in climate push, memo shows Read More »
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court declined on Monday to hear a conservative challenge to job protections for the leaders of the federal consumer product safety watchdog in a case that would have given the justices a chance to reassess a 1935 precedent that limits a president’s ability to fire certain …
Supreme Court rebuffs challenge to job protections for US consumer watchdog leaders Read More »
(Reuters) -Walt Disney on Monday named Morgan Stanley veteran James Gorman as chairman and said it would announce a new CEO to replace Bob Iger in early 2026, setting the stage for succession at the storied media and entertainment company. Gorman will step down as executive chairman of Morgan Stanley at the end 2024 and …
Disney taps Morgan Stanley’s Gorman as chairman, plans to name new CEO in 2026 Read More »
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court declined on Monday to hear a bid by Michael Cohen to revive a lawsuit accusing Donald Trump and various former federal officials of returning him to prison in 2020 in retaliation for penning a book critical of Trump, who was president at the time. Cohen, …
US Supreme Court won’t hear Michael Cohen bid to revive suit against Donald Trump Read More »
By Dominique Patton PARIS (Reuters) -French drugmaker Sanofi said on Monday it had entered exclusive talks to sell a 50% controlling stake in its consumer health business Opella to U.S. private equity firm Clayton Dubilier & Rice (CD&R). French public investment bank Bpifrance is expected to become a minority shareholder, taking a stake of around …
Sanofi in exclusive talks with CD&R over sale of $17 billion Opella Read More »
By Ateeq Shariff (Reuters) – Stock markets in the Gulf were mixed on Monday amid rising geopolitical tensions in the region, while investors await more companies to report quarterly results. Hundreds of Beirut residents fled their homes late on Sunday, as Israel prepared to attack sites linked to the financial operations of Lebanon’s Hezbollah group. …
Gulf bourses end mixed on regional tensions, Q3 earnings Read More »
