Google (a subsidiary of Alphabet Inc.) has lodged appeals with the European General Court in response to European Commission (EC) mandates that demand it to make the Android operating system accessible to external AI services and disclose search data to rivals, The Wall Street Journal reports. The newspaper cited Oliver Bethell, Google’s senior director for competition, stating, "We are...

The inaugural test flight of the new Airbus A350F freighter has taken place in Toulouse, France. It is scheduled to complete around 400 hours of testing for certification overall. The development of the aircraft required approximately five years. After the testing is finalized, the manufacturer aims to receive certification for the A350F from the European Union Aviation Safety Agency (EASA). This...

Nvidia Corp., based in the U.S., is increasing its share repurchase program by $150 billion, raising the total to $235 billion. The firm declared that this signifies the most extensive buyback expansion ever recorded. It anticipates finishing the expanded program by the close of the 2028 fiscal year, which ends in January 2028. "Nvidia's expansion is fueled by a platform change towards AI and...

According to a statement from the company, OpenAI has halted the training of its newest artificial intelligence (AI) models due to an increasing number of incidents where AI agents are behaving uncontrollably, as reported by the Associated Press. The statement mentions that training will continue only once extra precautions are put in place. OpenAI mentioned that as AI technology progresses and...

Polymarket, a prediction market platform located in the US, has initiated a lobbying effort in Europe and the UK, according to the Financial Times (FT). As reported by the newspaper, the firm intends to operate under regulations designed for financial institutions instead of those meant for gambling companies. Polymarket, which has become popular in the US, enables users to wager on a variety of...

On September 23, Anthropic and OpenAI launched more affordable variants of their leading AI models as competition with each other and Chinese rivals escalates, according to the Financial Times (FT). The adjustments relate to the expense of utilizing the models, which is determined by the quantity of tokens—data units employed by AI to handle requests and produce replies. Using Anthropic's...

The Polish energy company Orlen incurred losses of almost $400 million attempting to acquire Venezuelan oil in defiance of US sanctions. According to the Financial Times, payment was completed with cryptocurrency. In 2023, Orlen completed prepayments through its Swiss subsidiary to Hannon International and Gold Mar International Trading, firms based in the UAE. Afterward, three insured Polish...

US automotive manufacturer General Motors intends to create next-generation battery cells. The firm believes this decision will decrease US reliance on China while also boosting the amount of materials obtained locally. Kurt Kelty, GM’s vice president of battery technology and sustainability, informed CNBC that they are organizing their supply chain to be completely localized within the country...

Revolut has acknowledged a data breach that impacts certain customers as a result of deceptive requests from a government entity, according to Reuters referencing a company representative. The British fintech firm revealed private customer information to an unapproved third party after getting fraudulent data requests originating from a government agency's email domain, according to reports....