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NEW YORK: The Federal Reserve cut interest rates on Wednesday (Dec 10) in another divided vote, but signalled it will likely pause further reductions in borrowing costs as the US central bank looks for clearer signals about the direction of the…

Dec 10 : Billionaire Elon Musk on Wednesday hinted at a possible SpaceX initial public offering in a social media exchange with Ars Technica space journalist Eric Berger, following reports of a possible listing of the rocket maker in 2026.

“As…

Dec 10 : Reddit said on Wednesday it had started testing verified profiles, a new feature aimed at increasing transparency on the social media platform.

The company said that the introduction of a grey checkmark next to usernames is designed to…

NEW YORK, Dec 10 : Blackstone, the world’s largest alternative asset manager, still sees good opportunities to invest in data centers despite a rush of investment into the hardware supporting the development of artificial intelligence, its…

HONG KONG, Dec 11 : Stocks slid on Thursday after disappointing earnings at U.S. cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the Federal Reserve cut U.S. interest…

SAN FRANCISCO, Dec 10 : When the chairman of AI chip startup Rivos wanted Intel to bid for the company, he had no need to phone the chip giant. That’s because the chairman of Rivos was also Intel’s CEO: Lip-Bu Tan.

Tan had pitched Intel’s…

SYDNEY, Dec 11 : Westpac non-executive director Peter Nash was reelected to the bank’s board on Thursday, surviving a sizeable investor backlash over his ties to the troubled Australian Securities Exchange.

About 40 per cent of investors voted…

WASHINGTON, Dec 10 : Microsoft, Meta, Google and Apple were among the 13 companies that received a warning from a bipartisan group of state attorneys general, according to a letter from the state leaders, who said their chatbots’ “delusional…

Dec 10 : Oracle forecast sales and profit that missed analyst estimates on Wednesday, while saying that spending would rise by $15 billion compared with earlier estimates – a sign that big capital outlays to chase AI cloud-computing customers is…

(Corrects to remove reference to number of subscribers in paragraph 5)

Dec 10 : YouTube said on Wednesday it will roll out new genre-based subscription plans for YouTube TV in the U.S. early next year, underscoring the platform’s growing clout in…