US software shares tumbled on Thursday as fears over disruptions from advances in AI returned to the forefront following a recent update from Anthropic. Investors have dumped the sector’s stocks this year on worries that AI tools that are capable of automating human tasks could pose an existential threat to the industry. The broader S&P…
As regulators prepare to rule on the future of a global aviation climate program, a growing number of experts and project developers are warning that the outcome could determine whether the system succeeds collapses. The decision, expected from the Council of the International Civil Aviation Organization, will shape the supply of carbon credits available under…
Nvidia CEO Jensen Huang. Steve Marcus/Reuters As Nvidia heads into quarterly earnings on Wednesday, AI investors are seeking evidence that the chip maker’s profits are growing apace on the back of a US$630-billion capital spending budget from Big Tech. But signs of risk to Nvidia’s long-held dominance are also emerging from hyperscalers’ plans to design…
A Cruise Ship next to Hong Kong Skyline on March 21, 2023 in Hong Kong, China. (Photo by Vernon Yuen/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Asia-Pacific markets traded mixed Tuesday as investors weighed renewed tariff threats from U.S. President Donald Trump and concerns that artificial intelligence could disrupt software companies. Trump…
An aerial view of Singapore’s skyline. Tong Thi Viet Phuong | Moment | Getty Images Asia-Pacific markets traded mostly lower Friday, tracking Wall Street declines, as fears over artificial intelligence disruption drove the S&P 500 to a third straight day of losses. Certain pockets of the U.S. stock market have been hit this year by…
An Irish man who has lived in the U.S. for nearly 20 years has been detained by U.S. immigration officials for almost five months despite insisting he had a valid U.S. work permit and a pending green card case as the spouse of an American citizen. Seamus Culleton has said he fears for his life…
Blatter’s comments, made on Monday via social media, lend high-profile support to a controversial warning issued by Mark Pieth, the Swiss anti-corruption lawyer who once worked with FIFA Former FIFA president Sepp Blatter has waded back into global football’s biggest political fault line, openly backing calls for fans to boycott World Cup matches in the…
Bangkok, Thailand – Stewed, seasoned with sugar and cloves, deep-fried or dished up in a zingy chilli mince – the diets of most Thais are incomplete without pork. But a $3bn market – supplied nearly entirely by domestic pig farmers – may be about to face competition like never before from the giant hog farms…
Jensen Huang, NVIDIA CEO and co-founder. NVIDIA has entered several key partnerships and shrugged off concerns of an artificial intelligence (AI) bubble as it reports record revenue up 62% from a year ago in its third quarter to end-October. Nasdaq-listed NVIDIA overnight reported revenue of $57 billion (R980 billion) for the period, exceeding analysts’ expectations…
A powerful 6.3-magnitude earthquake struck northern Afghanistan early Monday morning local time, according to the USGS and local authorities, sparking fears of mass casualties and the need for a response. “Based on initial information, the magnitude of the earthquake was more than 6, and the epicenter was in the Nakhchir district of Samangan province,” the…
