China's premier calls for broader, fairer and more sustainable social security coverage
BEIJING: China's Premier Li Qiang called for improvements in the country's social security system to make it fair and sustainable while broadening its coverage, state media reported on Thursday (Nov 12), citing a study session of the country's cabinet.
Analysis-AI shakeout lands convertible investors better terms
Nov 12 (Reuters) - The autumn rout in AI stocks has reset the market for convertible securities often used by technology firms keen to raise funds cheaply, in a development that has investors breathing a sigh of relief.
How Anthropic stacks up against some of the biggest US IPOs
Nov 12 (Reuters) - Anthropic is set to hold an IPO, giving the company a valuation of up to $1.4 trillion, the latest affirmation of Wall Street's appetite for AI.
ECB economists turn to Reddit and AI to read investors' mood
FRANKFURT, Nov 12 (Reuters) - Chatter on the online discussion site Reddit can tell policymakers how retail investors are feeling sooner than traditional surveys, particularly when markets are under stress, two European Central Bank economists concluded.
US humanoid robot production could hit 400,000 by 2030 as deployment ramps, J.P. Morgan says
Nov 12 (Reuters) - Humanoid robot production in the US will hit 300,000-400,000 units by 2030 and about 1.5 million units by 2035, J.P. Morgan said on Thursday, as the industry shifts from demonstrations to commercial deployment.
Setback for Google as EU Court adviser backs $1.7 billion antitrust fine
BRUSSELS, Nov 12 (Reuters) - Google suffered a setback on Thursday as an adviser to Europe's top court faulted a lower tribunal's decision to scrap a €1.49 billion ($1.7 billion) fine levied against the US tech giant seven years ago for anti-competitive practices related to online advertising.
Siemens CEO says cooperation with Nvidia will no be affected by leadership uncertainty
ZURICH, Nov 12 (Reuters) - Siemens Chief Executive Roland Busch said his company would continue to work with Nvidia no matter what the AI chipmaker decides regarding the future of its founder and CEO Jensen Huang.
Nvidia customer Megaspeed says it cooperated with US inspections, takes export control laws seriously
SINGAPORE, Nov 12 (Reuters) - Singapore-based cloud computing firm Megaspeed said on Thursday that it takes compliance obligations under US export control laws "extremely seriously" and that it has cooperated with US inspections.
Most large firms plan higher open-weight AI use to cap bills, study shows
Nov 12 (Reuters) - Nearly 6 in 10 senior executives at large companies plan to increase their use of cheaper open-weight AI models over the next year as AI bills overshoot budgets, a Capgemini study showed on Thursday.
Brazil fines Facebook US$1.3mil for failing to comply with court orders during election
Brazil's top electoral court fined Meta's Facebook US$1.3mil (RM5.3mil) for failing to fully comply with judicial orders during last month's presidential election runoff campaign when the company was accused of political bias by President Luiz Inácio Lula da Silva's team.
