Chip Stocks Tumble After AI Leaders Call For Slowdown in AI Development
European chip stocks followed Asian peers lower, after leaders of the world's biggest AI companies called for the industry to slow the tech's development for safety reasons.
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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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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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J&J Is in Talks to Sell Its Hips-and-Knees Business to Apollo for $20 Billion
The health-products company said it planned to hive off its DePuy Synthes unit to focus on higher-growth areas.
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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.
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The Upstart Using 'Guerrilla Tactics' to Shake Up the Football Helmet Business
Light Helmets circumvents locker-room gatekeepers and makes endorsement deals in a bid for visibility.