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EssilorLuxottica SA heir Leonardo Maria Del Vecchio publicly disclosed his challenges with drug addiction and renewed his criticism of the eyewear company’s leadership after stepping down from his executive roles in August.
Gold’s rally is stalling as the Fed stays hawkish and real yields climb, squeezing one of the market’s favorite safe havens. Bloomberg’s Frank Monkam breaks down why volatility in gold has collapsed, what the tight gold–silver spread is really signaling and how copper has quietly become a high‑beta…
Anthropic PBC said its Claude AI model went rogue and carried out unintended actions on the digital systems of outside organizations. In one example, the AI model gave police in Philadelphia a fake tip on a homicide case. The police took no action. Other unintended behaviors were also noted.
Baird Senior Research Analyst David George joins Bloomberg Open Interest to lay out why he’s bullish on upcoming bank earnings despite a risk‑off market.
IonQ, a major quantum leader, is making a blockbuster security acquisition. The company is buying cybersecurity company Elisity in a deal worth up to $1.3 billion.
Traders at Goldman Sachs Group Inc. and Morgan Stanley are split over the value of Virgin Media O2’s battered bonds, which plunged deep into distressed territory this month.
Stocks fluctuated near their all-time highs as traders looked ahead to the start of the earnings season and inflation data that will be key in shaping the Federal Reserve outlook.
On this episode of Stock Movers: - Amazon (AMZN) shares are moving on news it's in negotiations to acquire Decart AI, an artificial intelligence startup, in a deal that could be valued at around $7 billion, the Wall Street Journal reported.
On this episode of the Odd Lots podcast, Nate Soares, president of the Machine Intelligence Research Institute, joins Joe Weisenthal and Tracy Alloway to talk about how a rogue OpenAI model hacked Hugging Face and why he thinks humanity's demise in the hands of superintelligent AI is inevitable.
Aliko Dangote plans to extend the deadline for applications for the initial public offering in his Nigerian refinery by two weeks as Africa’s richest man seeks to provide investors in more countries access to the continent’s biggest listing to date.
Apollo Chief Economist Torsten Slok talks about the impact of higher interest rates on the US housing supply. He also discusses the prospects of an AI-induced bank run and which parts of the economy are the most sensitive to Federal Reserve interest rate moves.
Broadcom CEO Hock Tan likened AI investing to gambling, saying many investors do not understand what they are backing and have extreme expectations. Bloomberg Intelligence’s Mandeep Singh has more on financing markets and AI on "Bloomberg Open Interest." (Source: Bloomberg)
Yandex users in Russia faced widespread disruptions to ride-hailing, navigation and payment services after Ukraine struck several of the technology company’s data centers with drones.
Hundreds of supermarkets in France were hit by cyberattacks on Sunday night that disabled refrigeration systems and forced stores to throw out damaged food, following warnings that hackers are seeking to cause physical damage.
SoftBank Group Corp.-backed OPay Digital Services Ltd. plans to raise about $500 million with its private placement and an initial public offering in New York, according to people familiar with the matter.
The Edge, which replaces the Fitbit Charge 6, offers consumers another vehicle for trying out the recently revamped Google Health app.
Microsoft Corp. is gearing up to install the latest version of its own chips in data centers, with the aim of powering its AI software using mostly homegrown hardware.
Since the Hugging Face incident, concerns over AI doomsday scenarios has entered the mainstream. But of course, some people have been warning about this for years, long before LLMs or ChatGPT.
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