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CEO of Anthropic Dario Amodei attends a working lunch with G7 leaders, G7 outreach partners, and global tech CEOs on innovation and AI, during the G7 Summit on June 17, 2026 in Evian-les-Bains, France. Anna Moneymaker | Getty Images News | Getty ImagesAnthropic CEO Dario Amodei and Google DeepMind’s Demis Hassabis called for a U.S.-led coalition to shape rules and standards around artificial intelligence at a meeting with tech leaders and heads of state, including President Donald Trump, CNBC has learned.The closed-door lunch meeting took place on Wednesday at the G7 summit in Évian-les-Bains, France. Amodei and Hassabis both proposed…
A view of a CarMax dealership on April 10, 2025 in Santa Rosa, California.Justin Sullivan | Getty ImagesShares of CarMax fell roughly 8% during midday trading Wednesday after the company beat Wall Street’s quarterly earnings expectations and its new CEO detailed a high-level turnaround strategy for the company.Here’s how the company performed in its first fiscal quarter, compared with average estimates compiled by LSEG:Earnings per share: $1.31 vs. 95 cents expected Revenue: $8.01 billion vs. $7.42 billion expectedDespite the beats, questions remain about the company’s ability to grow and cut costs under the plan as it faces tougher market conditions. The used…
Exclusive-Aramco, seeking tens of billions of dollars, lines up more asset sales, sources say Source link
Sign on facade at shoe company Allbirds, Walnut Creek, California, August 25, 2025. Smith Collection | Archive Photos | Getty ImagesAllbirds is among the latest crop of companies pivoting to AI in a bid to capitalize on the burgeoning tech boom set off by ChatGPT’s debut in late 2022. A day after Allbirds’ rebrand, social media platform provider Myseum shifted to AI.Refocusing efforts on new tech trends isn’t a new phenomenon on Wall Street. Several companies announced their own cryptocurrencies or pivoted to blockchain during the height of crypto mania. AI infrastructure company CoreWeave, which went public last year, started…
Wes Streeting has suggested he would be prepared to trigger a Labour leadership contest to replace Sir Keir Starmer as prime minister as early as next week. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A top provider of commercial satellite imagery that was blocked by the US from providing some data services to Ukraine is set to bid with Rheinmetall for contracts to build Germany’s intelligence capabilities.Vantor and Rheinmetall have signed a memorandum of understanding for a joint venture, according to a spokesperson for Vantor. US-based Vantor and Rheinmetall would also seek to bid for other European deals, said a person familiar with the partnership.Vantor, then known as Maxar Technologies, sparked controversy last year when its…
Workers at the Siemens Healthineers AG global capability center (GCC) in Bengaluru, India, on Thursday, on April 27, 2023. Global capability centers have evolved far beyond tech support, but their growth presents challenges for multinationals and Indian cities alike. Photographer: Aparna Jayakumar/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesWorkers around the world are using artificial intelligence, and commonly putting in unpaid time. But many still feel uneasy about their jobs and are not engaged in the workplace.These are just some of the findings from the People at Work 2026 report by payroll and human resources services provider ADP — which…
Why is Carvana stock sliding today? Source link
SpaceX will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, the companies announced today. The deal is expected to close in the third quarter. It comes just two days after SpaceX’s unprecedented IPO and a few months after the merger of SpaceX and xAI, which brought a significant restructuring of xAI. Cursor was one of the first tools to fully bake features that leverage large language models into an IDE. It’s a branch of Visual Studio Code with heavy AI integration. However, incumbent platforms and bigger AI companies have since rolled out comparable features. Cursor has…
President Donald Trump on Wednesday said he will be “cancelling” the confirmation hearing for U.S. Attorney for the Southern District of New York Jay Clayton to become the director of national intelligence. It’s unclear why Trump is trying to delay Clayton’s confirmation hearing, scheduled for Wednesday afternoon. The president rolled through a list of grievances in a social media post where — hours before the hearing’s start time — he said it would be canceled. Included were concerns that the president’s pick for acting DNI, Bill Pulte, wouldn’t get to serve in the job, and that Clayton’s successor in SDNY…