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OpenAI, Anthropic agree to work with US institute on upcoming safety test

Under the agreements, announced on Thursday, the US AI Safety Institute will receive early access to major new AI models from the companies to evaluate capabilities and risks

IndiGo cofounder Gangwal sells $1.3 bn worth stake near record high

Gangwal has a fortune of $6.9 billion after adding $1.8 billion this year, according to the Bloomberg Billionaires Index, with one-third of that move coming in the past 10 days alone

Tata shelves plans for IPO of media unit after buying out Temasek

Tata may seek a valuation of more than $1 billion for the entertainment business in any potential share sale

President Xi urges top US official to adopt 'rational' China policy

Sullivan reaffirmed President Joe Biden's commitment to prevent competition "from veering into conflict or confrontation," adding that the two nations should aim to work together

Threat of war with Israel redefines 'normal' life in Lebanon's Beirut

Beirut is used to living with the threat of war, and this was a couple of weeks ago. That threat is now getting more acute

Telegram 'Black Swan event' shows risk in crypto deals as Durov detained

Pantera Capital Management, Animoca Brands and Mirana Ventures are among more than a dozen firms that invested in Toncoin, whose blockchain is being used on Telegram

BYD's relentless growth taking its toll on smaller Chinese EV rivals

BYD's rise to become the dominant force in China's auto market, overtaking established western automakers

Terrorist attack at Taylor Swift's concert was averted with US intel aid

The Central Intelligence Agency and other spy groups provided Austrian authorities with information that helped lead to arrests of suspects who were believed connected to Islamic State

OpenAI nears funding round at over $100 bn valuation led by Thrive Capital

OpenAI has been in early discussions to raise funding at a valuation at or above $100 billion since at least December, people with knowledge of the matter told Bloomberg News late last year

Certain diabetes medicines could help ward off dementia, suggests new study

Because the study was only observational, it cannot ascertain cause and effect between the drug and the impact on dementia risk. The scientists have called for clinical trials to now be carried out

US court takes aim at Big Tech liability shield after 10-yr-old's death

Three weeks before Christmas 2021, Nylah Anderson was found lifeless in her mother's closet in suburban Philadelphia

Nvidia's Huang says new Blackwell chip will have lots and lots of supply

The product is a much-anticipated successor to the company's Hopper line of so-called AI accelerators, which have sent its revenue and stock price soaring

Yelp sues Google in wake of antitrust ruling on monopolising search

A Google spokesperson said in a statement that the company would vigorously defend against Yelp's meritless claims

BlackRock to initiate auction for Amazon aggregator once valued at $1 bn

An advertisement published Friday in the Börsen-Zeitung newspaper stated that the auction for the L Catterton-backed firm has been scheduled for Sept. 17 at a Berlin hotel

Google to allow some users to generate images of people after scandal

In February, Google came under fire for its image-generation tool, which depicted historically inaccurate scenes, including incorrect racial depictions

UBS lowers China growth forecasts on deeper-than-expected property downturn

With China's economic momentum subdued since March amid the real estate downturn and a tight fiscal policy stance, the investment bank now expects gross domestic product to expand 4.6 per cent

China proposes new curbs on grain imports in order to boost local prices

The move, ahead of a forecast bumper grains harvest this year, is the latest effort by China to ease domestic oversupply and bolster local prices

China's two richest people lose billions in record-breaking stock selloffs

China's wealthiest person, Nongfu Spring Co. founder Zhong Shanshan, lost some $3 billion as the beverage giant's shares fell by a record 10 per cent

Pavel Durov's arrest highlights Russia's love-hate bond with Telegram

France's arrest last weekend of Telegram's billionaire founder Pavel Durov, who fled Russia for Dubai a decade ago, has been almost universally condemned in his native country

Warren Buffett's Berkshire Hathaway tops $1 trillion in market value

The conglomerate's strength comes as optimism for the economy builds, with the Federal Reserve expected to cut interest rates at its September meeting