Daily archive
9 stories from 3 outlets. Times show when each story first broke, in UTC.
Z.ai (Zhipu) shares tumbled after the Chinese AI company announced its second major fundraising in two months. The company raised $5B in Hong Kong including $3B in zero-interest bonds.
Also covered by CNBC Technology
#Beijing has banned the possession and use of recreational drones as part of security measures following a light plane crash into the city's tallest skyscraper in June. The sweeping curbs aim to bolster security in the capital.
#Local branches of China's foreign exchange regulator are urging banks to encourage clients to hedge more of their currency exposure, signaling an intensifying campaign to shield companies from related risk. The move aims to reduce the impact of currency fluctuations on businesses.
#Asian stocks and US futures retreated after Anthropic CEO Dario Amodei called for a slowdown in frontier AI development, a plea backed by rivals Sam Altman and Elon Musk. The market reaction reflects investor concerns about the pace of AI advancement and its potential risks.
Also covered by SiliconANGLE
#China's top intelligence official delivered a detailed warning about AI, stating that rapid advances in the technology could threaten political stability and critical infrastructure. The comments come as US tech leaders urge a slowdown in AI development.
#Chevron Australia President Balaji Krishnamurthy discusses the outlook for LNG supply, demand, and pricing as Middle East tensions disrupt energy markets. He spoke on Bloomberg TV from the Gastech conference in Bangkok.
#Samsung Electronics and SK Hynix have turned down a proposal from Korea Electric Power Corp. that would require them to pay in advance for electricity to finance new power grids for technology clusters. The rejection could impact infrastructure development for the companies' facilities.
#SoftBank Group Corp. obtained an $11.87 billion loan, exceeding its initial $10 billion target, to support its investment in OpenAI. The upsized financing underscores SoftBank's aggressive push into AI infrastructure.
#Amazon.com Inc. has suspended work with cargo carrier 21 Air LLC, which operated the Sept. 6 flight that overran the runway at Miami and killed five people on the ground. The move follows the deadly accident and raises questions about the carrier's safety record.
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