Former OpenAI chief scientist Ilya Sutskever to start a new AI company
The company is focused on creating a safe AI environment at a time when some of the biggest tech companies are looking to dominate the generative AI boom.
The company is focused on creating a safe AI environment at a time when some of the biggest tech companies are looking to dominate the generative AI boom.
Three opinion polls are predicting a significant defeat for British Prime Minister Rishi Sunak's Conservatives in the upcoming July 4 election. The polls forecast a comfortable win for the Labour Party, with predictions ranging from 406 to 516 parliamentary seats for Labour. This would be a record victory for Labour after 14 years in opposition. The polls indicate a major shift in public sentiment, with the Conservatives projected to win as few as 53 seats, potentially their lowest number in nearly 200 years.
Asian stocks paused near two-year highs as traders awaited U.S. policy clues. Sterling steadied ahead of a Bank of England meeting with unchanged rates expected. Central bank decisions from Switzerland and Norway will set the global rates tone.
Gold prices rose on Thursday amid expectations of a Federal Reserve interest rate cut, while investors awaited key data on retail sales, jobless claims, and inflation pressures.
Tokyo stocks opened lower on Thursday as European shares drifted downward overnight, while the US market stayed closed for a holiday.
Delhi Weather: The India Meteorological Department predicts light to moderate rain in Delhi NCR, offering relief from the scorching heatwave. However, the city has seen a surge in heat-related deaths, with hospitals reporting 34 fatalities and a significant rise in admissions due to heat-related illnesses. Despite the rain forecast, authorities advise residents to take precautions against the ongoing heatwave.
Brent crude futures rose as Israeli tanks advanced into Gaza, while U.S. crude dipped on the U.S. federal holiday of Juneteenth.
Amazon said Wednesday it will invest an additional 10 billion euros ($10.7 billion) in Germany, most of it in cloud computing, the US tech giant's latest major investment in Europe. A total of 8.8 billion euros will come from Amazon's cloud computing division AWS and will be invested in southwest Germany by 2026, with the rest going into logistics, robotics and company offices.
According to a poll of policy experts by Reuters, tackling India's chronic joblessness will be the biggest challenge for the government over the next five years, despite the country's status as the world's fastest-growing major economy. The economy grew more than 8% last fiscal year, but this growth has not translated into sufficient job creation, particularly for young people. The recent parliamentary elections saw Prime Minister Narendra Modi's BJP losing its majority, partly due to issues such as widening inequality... Читать дальше...
SBI to raise ₹20,000 crore long-term bonds this fiscal via public or private placement.
The Deposit Insurance and Credit Guarantee Corporation (DICGC) needs to increase its reserve ratio, manage treasury proactively, and upgrade its digital infrastructure to meet future payment obligations, as per a research paper in the RBI bulletin.
According to EEPC, the export of engineering goods increased 2.13% to USD 109.3 billion year-on-year in 2023-24. However, engineering exports to the U.S., which accounts for 20% of the total engineering exports from India, declined 5.7% year-on-year in 2023-24.
Nine months after JP Morgan announced the inclusion of Indian government debt in its emerging markets index, foreign portfolio investors have increased their ownership of sovereign bonds by over $10 billion. The influx of funds is expected to continue as India's index weightage grows.
Three Indians, four Egyptians, and a Kuwaiti national have been detained in connection with a fire that killed 50 people, including 46 Indians, in Kuwait. The fire, caused by an electrical short circuit in a six-storey building in Mangaf, was home to 196 migrant workers, mostly Indians. The detainees face charges of manslaughter and negligence. Compensation of USD 15,000 each will be given to the victims' families. Kuwait's public prosecutor has launched an investigation into the incident.
Private lenders drive Bank Nifty surge as traders cover bearish positions post breach of 51,000 level. Buying interest in banking stocks due to favorable risk-reward ratio.
Delhi's severe heatwave has resulted in a significant increase in heat-related deaths and hospital admissions. At least 34 deaths, including both confirmed and suspected heatstroke cases, have been reported. Hospitals are overwhelmed with patients, and the city's power demand has reached record levels due to extreme temperatures. Authorities are urging residents to take necessary precautions and reduce power consumption during peak hours to manage the crisis.
Punjab National Bank will close dormant accounts inactive for over three years to prevent misuse, unless KYC documents are submitted; exemptions include accounts linked to DEMAT, lockers, student accounts, and those frozen by statutory bodies.
Axis entities, including Axis Bank, Axis Capital, and Axis Securities, increase stake in Max Life Insurance to 19.99% from 19.02% with ₹336 crore acquisition, pending regulatory approval; Max Life's FY24 gross premium income stands at ₹29,529 crore.
Block deals involve large investors and do not impact stock prices in real time.
Russian President Vladimir Putin arrived in Vietnam on a state visit after concluding his trip to North Korea. He was welcomed at Hanoi's Noi Bai Airport by Vietnamese officials, including Deputy Prime Minister Tran Hong Ha. During his visit, Putin will meet with Vietnam's President and other top leaders. In North Korea, Putin and Kim Jong Un signed a comprehensive partnership agreement, marking a significant elevation in bilateral ties and committing to mutual assistance. The visit featured grand celebrations and gift exchanges.
Indian stock markets hit a milestone with record block deals worth ₹23,000 crore, driven by Vodafone Group's stake sale in Indus Towers.
Domestic markets hit new highs for the fifth day, with Nifty futures trading higher. Brent crude futures rose, while US West Texas Intermediate crude dropped. The rupee settled lower against the US dollar.