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Anthropic halts foreign access to advanced AI models on US govt's directive

The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance; access to all other Anthropic models will not be affected, Anthropic said

Meta made 'mistakes' in AI workforce shift, says CEO Mark Zuckerberg

Zuckerberg is pumping hundreds of billions of dollars into AI as he seeks to reshape his company's inner workings around technology, reflecting a broader pattern ‌among major US companies this year

US Justice Department approves Paramount's acquisition of Warner Bros.

DOJ said it reviewed more than 2 million documents obtained from 80 sources in evaluating the deal's impact on various segments of the entertainment industry

SpaceX surges past $2 trillion in Nasdaq debut, closes in on Amazon

The launch was smoother than many observers expected, with trading kicking off late on Friday morning without the hiccups that had marred Facebook's debut in 2012

US and Iran signal peace deal near despite differences over terms

The United States and Iran signalled that an agreement to end their conflict was nearing completion, while Pakistan said a final peace text had been agreed

SpaceX blows past $2 trillion valuation as stock jumps 20% after record IPO

Shares will likely not trade until the middle of the trading day, as the exchange collects buy and sell orders and underwriters delay trading until supply and demand is balanced

Govt clears way for self-driving, safety car tech to reduce road deaths

Govt waived the licence requirement for 77-81 GHz radar sensors, allowing faster deployment of automotive sensing tech without separate spectrum allocation approvals

US army helping move 50% of pre-war oil volume via Hormuz: US Energy Secy

About 7 million barrels of oil a day are leaving the Persian Gulf with U.S. support, Energy Secretary Chris Wright said

Iran's foreign minister says Islamabad memorandum has 'never been closer'

Iranian Foreign Minister Abbas Araqchi says negotiations on an Islamabad-backed understanding have entered the final stages.

Iran's leaked comments on draft deal with US untrue, claims Trump

Trump rejected Iran's leaked account of a proposed US-Iran deal, calling it untrue and warning Tehran to act quickly amid ongoing negotiations

Global liquor companies chase Indian state dues of $400 million

Alcohol makers have warned that Telangana's payment practices could leave nearly $400 million of older dues at risk of turning into bad debt

US-Iran peace memorandum could be signed on Sunday in Geneva: Source

A US-Iran memorandum to halt the Gulf conflict could be signed in Geneva on Sunday, though key terms remain under negotiation and Iran says no final decision has been made

Oil prices, FX risks loom over India's bond inflow push, says BlackRock

Seeking to shore up the rupee ‌and interest in bonds, India last week announced ​tax cuts for overseas bond investors ​and a host of measures aimed at boosting inflows and improving market access

SBI, Bank of Baroda plan first dollar bonds under RBI subsidy window

Both banks are targeting to raise around $500 million through five-year dollar bonds

Oil prices slump to 2-month low as Trump calls off planned strikes on Iran

Brent futures were down $2.11 or 2.3 per cent at $88.27 a barrel by 0640 ‌GMT, while US West Texas Intermediate (WTI) crude dropped $1.90, or 2.2 per cent, to $85.81

Gold demand in India slightly improves as prices slip; China premiums ease

Gold prices in India ​dropped to their lowest since April 2 at ₹146,444 per 10 grams ‌on Thursday, and are down 1.5 per cent for the week so far

Govt may allow wider fiscal deficit to 4.8% of GDP amid Iran war: Report

India ships in about 90 per cent of ​its oil and is one of the countries most-exposed to prolonged Iran war-related ‌disruptions to global energy supplies

Musk's SpaceX raises record $75 bn in world's biggest IPO at $135 a share

The sale breaks the previous record for the largest-ever IPO held by state-run oil giant Saudi Aramco, which raised $25.6 billion on Riyadh's exchange in December 2019, valuing it at $1.71 trillion

SpaceX IPO propels Elon Musk to world's first trillionaire status

SpaceX, the satellite and AI company that together with electric-car maker Tesla form the center of Musk's empire, raised a record $75 billion in its initial ‌public offering on Thursday

Reliance, Adani, Vedanta among firms keen on Andhra rare earth projects

Reliance, Vedanta and Adani are among companies exploring rare earth processing investments in Andhra Pradesh as India seeks to reduce dependence on China and build domestic critical minerals capacity