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in WealthHong Kong and Saudi Arabia to launch $1bn fund
#Hong #Kong #Saudi #Arabia #launch #1bn #fund The Hong Kong Monetary Authority will partner with Saudi Arabia’s sovereign wealth fund to launch a $1 billion investment vehicle to facilitate Chinese companies’ expansion into the Gulf kingdom. Paul Chan, Hong Kong’s financial secretary, announced in a conference today (November 18) that the territory’s de facto central…
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A $3 trillion opportunity for Black business owners is on the horizon
Small Business There is a $3 trillion opportunity for Black and other minority entrepreneurs to become business owners as part of the “Great Business Transfer,” according to a new report from McKinsey. “This is the largest ownership transition in modern US history,” said Shelley Stewart, a co-author of the report, senior partner and Chair of…
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in BusinessBP puts North Sea business up for sale
BBC News The North Sea has increasingly become a topic for political debate. In its 2024 general election manifesto, Labour said it would not issue new licences for drilling, but would honour existing ones. But in recent months, as the Iran war pushed up global oil prices, calls have grown for more North Sea drilling…
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in TechnologyEveryone Is Freaking Out About OpenAI and Anthropic’s Race for Dominance
#Freaking #OpenAI #Anthropics #Race #Dominance I was offline last week in my home state of New Jersey, but when I got back to Silicon Valley, everyone was panicking again about how quickly artificial intelligence is advancing. While this is certainly not the first time I’ve seen such concerns, it’s the biggest anxiety attack I’ve seen…
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in WealthSupervision Benchmarks 2026 – model banks analysis
#Supervision #Benchmarks #model #banks #analysis Supervision Benchmarks 2026 – model banks analysis – Central Banking Skip to main content End of drawer navigation content Additional data breakdowns shed light on differences between advanced and emerging economies The Supervision Benchmarks 2026 model banks analysis highlights some of the differences in how advanced economy (AE) supervisors and…
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House Republican proposes small business tax cut in GOP federal budget
Small Business Rep. David Kustoff, R-Tenn., leaves a meeting of the House Republican Conference at the Capitol Hill Club, Sept. 9, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images Rep. David Kustoff, a Republican member of the House committee that writes tax policy, introduced a bill Tuesday to lower taxes on small businesses…
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in BusinessAI firms must answer for rogue bots, says Hugging Face boss
BBC News The boss of one of the companies recently hacked by out-of-control artificial intelligence (AI) says bot makers must be accountable for cyber attacks carried out by their creations. Clement Delangue’s company Hugging Face was breached by a rogue OpenAI bot that broke out of a test environment and autonomously attacked his firm earlier…
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in TechnologyAnthropic Says Claude Hacked Into 3 Organizations During Cybersecurity Tests
#Anthropic #Claude #Hacked #Organizations #Cybersecurity #Tests Anthropic disclosed on Thursday that its AI models gained unauthorized access to the systems of three different unnamed organizations during cybersecurity testing. The company says Claude reached the internet “from within or while interacting” with a third-party evaluation environment. The announcement comes more than a week after OpenAI revealed…
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in WealthCNB to create dedicated department to implement AI
#CNB #create #dedicated #department #implement The Czech National Bank (CNB) is centralising its efforts at implementing artificial intelligence across the institution. The bank today (July 31) announced the creation of a new AI department as part of its computer science division. The department will be headed by Janis Aliapulios, an adviser to the CNB’s board…
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in TechnologyThis AI Assistant Wants to Make Up for Your Boyfriend’s Incompetence
#Assistant #Boyfriends #Incompetence Over the past few years, the term “weaponized incompetence” has blown up in dating discourse online. It’s used to describe someone—most often the guy, when it comes to heterosexual relationships—who acts like they are incapable of doing things like cooking, cleaning, scheduling, and just generally being thoughtful, in the hopes that their…