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IMF warns $1.4tn in circular AI deals could deepen a market correction

A correction in AI-related stocks and debt could set off market turmoil, the International Monetary Fund said on Tuesday. It named the AI risk as one of three that could sharply tighten financial conditions. The other two are a sharp rise in government bond yields and cyber threats. The warning came in the IMF’s Global […]

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Milk is more regulated than AI, Microsoft’s Brad Smith tells the BBC

Microsoft’s president, Brad Smith, has called for global safety rules for AI. They include a legal duty to tell victims when a rogue AI agent breaks into their systems. He set out his case on the BBC’s Big Boss Interview podcast with Will Bain, released on 11 October. Smith told the BBC: “Right now, your […]

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Aramco Digital teams up with OrbitronAI to build AI for heavy industry

Aramco Digital, the tech arm of Saudi oil giant Aramco, has teamed up with start-up OrbitronAI to build and sell AI tools for heavy industry, the two firms said. The tools are aimed at oil and gas, power, mining, transport, and factory firms. They are meant to help them find money lost to slow decisions, scattered data, […]

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Amazon in talks to buy Decart for about $7bn, WSJ reports

Amazon is in talks to buy the AI startup Decart in a deal that could value it at about $7bn, The Wall Street Journal reported on Sunday. Kate Clark and Lauren Thomas reported the talks, citing people familiar with the matter. A deal could come soon if the talks do not fall apart and no […]

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AI labs sought control over what outside evaluators publish, Reuters says

Anthropic and OpenAI have pushed for a big say over what outside reviewers of their AI models can make public, Reuters reported today, citing two people who know about the talks. Both companies worry that the findings could expose trade secrets. Both labs had recently promised outside reviewers a free hand. Last month, Anthropic boss Dario […]

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