Norway’s $2.3 trillion sovereign wealth fund recorded a loss of nearly $30 billion in the third quarter as rising interest rates weakened returns on fixed-income investments, underscoring the pressure higher borrowing costs can place on even the world’s largest institutional investors. Norges Bank Investment Management (NBIM), which manages the fund, reported an accounting loss of […] The post Norway’s $2.3tn Wealth Fund Loses $30bn as Rising Bond Yields Hit Returns appeared first on Tekedia.

Indian IT services provider Tech Mahindra said on Thursday it has partnered with SpaceX’s AI division to help businesses modernize legacy applications, accelerate software development and deploy industry-specific artificial intelligence solutions. The collaboration will bring Grok Build into Tech Mahindra’s technology services, enabling the company to develop AI-powered solutions for clients across sectors including technology, […] The post India’s Tech Mahindra Partners With SpaceX’s AI Division to Modernize Legacy Software appeared first on Tekedia.

Uber is expanding its partnership with OpenAI to provide ChatGPT Work to its entire global workforce of approximately 30,000 employees, extending an initial pilot as the ride-hailing company explores how generative artificial intelligence can improve productivity across its operations. The expansion marks a significant increase from the 1,000 employees who participated in Uber’s initial trial […] The post Uber Expands OpenAI Partnership to Give 30,000 Employees Access to ChatGPT Work appeared first on Tekedia.

OpenAI’s internal AI safety monitoring system contained vulnerabilities that could have allowed AI agents to conceal hundreds of recent actions from oversight, according to an independent pilot review by nonprofit evaluators METR and Redwood Research, raising questions about existing safeguards’ ability to reliably track autonomous AI systems. The findings emerged from a three-week exercise designed […] The post OpenAI Safety Review Finds Vulnerabilities That Could Hide Hundreds of AI Agent Actions appeared first on Tekedia.

Palantir has sought to reassure European governments that its military artificial intelligence software cannot be remotely disabled by the company or the US government, as concerns grow over Europe’s reliance on American defense technology following disruptions to Ukraine’s Starlink services. Louis Mosley, Palantir’s executive vice president for the UK and Europe, told Reuters on Wednesday […] The post Palantir Assures Europe Its NATO AI System Has No Kill Switch Amid Fears of US Tech Dependence appeared first on Tekedia.

China’s benchmark CSI 300 index has entered bear-market territory, falling 20% from its June peak as persistent selling pressure exposes deeper concerns about corporate profitability, domestic demand and investor confidence in the world’s second-largest economy. The index, which tracks 300 of the largest companies listed in Shanghai and Shenzhen, has declined for 10 consecutive weeks […] The post China’s CSI 300 Enters Bear Market as Weak Profits and Investor Pessimism Deepen Sell-Off appeared first on Tekedia.

Saudi Arabia and state-owned oil giant Aramco are seeking partnerships with other countries to expand strategic oil stockpiles as the kingdom anticipates a significant increase in demand following the Iran war, highlighting efforts to strengthen supply security after months of disruption to its oil production. Aramco Chief Executive Amin Nasser told Al Arabiya Business TV […] The post Saudi Aramco Seeks International Partners to Expand Strategic Oil Reserves After Iran War appeared first on Tekedia.

Tesla has cut its 2026 capital expenditure forecast by about 20% after spending significantly less than Wall Street expected in the third quarter, generating an unexpected free cash flow surplus that has strengthened its balance sheet but raised questions about the pace of investment in artificial intelligence, robotaxis and humanoid robots. The electric vehicle maker […] The post Tesla Cuts 2026 Capex Forecast by $5bn as Cash Flow Beat Raises AI Investment Concerns appeared first on Tekedia.

Tesla plans to begin selling its driverless Cybercab vehicles to the public by the end of 2026, setting a new milestone for Chief Executive Elon Musk’s ambition to transform the electric-vehicle maker into an artificial intelligence and robotics company. The timeline, however, faces uncertainty as US regulators examine whether the vehicles comply with federal safety […] The post Tesla Targets Public Cybercab Sales by Year-End as US Safety Probe Raises Regulatory Questions appeared first on Tekedia.

Swedish private-equity firm EQT has agreed to acquire molecular diagnostics company Qiagen for approximately €9.6 billion ($10.78 billion), bringing an end to years of takeover speculation surrounding the Dutch healthcare technology group and highlighting growing investor interest in businesses serving the molecular testing market. EQT is offering €46.50 per share, representing an 8.6% premium to […] The post EQT Agrees to Buy Qiagen for €9.6 Billion, Ending Years of Takeover Speculation appeared first on Tekedia.

One product launch keeps you busy—add five, ten, or twenty SKUs and the entire plan can skid off track. Packaging and labeling errors are a common cause of launch delays, draining teams of cash through rework and delays. Every extra variant multiplies files, barcodes, forecasts, and approvals; a single mismatch can jam lines, reroute pallets, […] The post Product Launch Packaging Checklist for a Multi-SKU Retail Launch appeared first on Tekedia.

Global stocks fell on Thursday as renewed concerns about the financial returns on artificial intelligence investments overshadowed strong technology earnings, while escalating tensions in the Gulf pushed oil prices toward a five-month high and heightened fears of a broader economic shock. MSCI’s All-Country World Index fell 0.4%, putting it on track for its biggest daily […] The post Global Stocks Fall as AI Spending Fears Return, Oil Surges to $112 on Gulf Tensions appeared first on Tekedia.

President Donald Trump has suggested that data center companies could win greater public support by offering communities a financial dividend as artificial intelligence infrastructure expands across the United States. The proposal comes amid growing concerns about electricity costs, water consumption, environmental effects, and the pressure that large technology facilities place on local resources. Data centers […] The post Trump Says Data Center Companies Can Win Local Support With a ‘Dividend’, as Meta Faces $25B Fine appeared first on Tekedia.

Taiwan Semiconductor Manufacturing Co. (TSMC) is exploring alternatives to rare-earth components used in its factory equipment as concerns grow that China’s export restrictions could disrupt production of the advanced semiconductors powering artificial intelligence, smartphones, data centers and defense systems. The world’s largest contract chipmaker has surveyed suppliers about replacing motors containing rare-earth materials with alternatives […] The post TSMC Seeks Rare-Earth-Free Factory Equipment as China’s Export Controls Threaten Chip Supply Chains appeared first on Tekedia.

Barclays plans to cut 5,000 jobs, equivalent to around 5% of its full-time workforce, as the British lender steps up efforts to reduce operating costs through artificial intelligence and technology-driven efficiencies. The bank disclosed the reductions in its third-quarter earnings materials, linking the cuts to “organizational simplification and technology change efficiency driven by AI.” Its […] The post Barclays to Cut 5,000 Jobs as AI Productivity Push Accelerates Banking Restructuring appeared first on Tekedia.

India’s rupee strengthened for an eighth consecutive session on Thursday, supported by foreign investment linked to Reliance Industries’ Jio Platforms’ record-breaking initial public offering (IPO) and recent regulatory measures aimed at stabilizing the currency. The rally has lifted the rupee away from near-record lows earlier this month, although rising oil prices and escalating Middle East […] The post Rupee Extends Eight-Day Rally as Jio’s $3.2 Billion IPO Boosts Foreign Inflows appeared first on Tekedia.

A recycled phone number can send your bank codes to a stranger. The NCC wants more companies to check The NCC wants more companies to check for recycled phone numbers. What the plan means and how to stop your own number from being recycled. TechCity

A PHP security update fixed two critical flaws on Oct. 21. Here is how to check your website A PHP security update on Oct. 21 fixed two critical flaws. How to check your PHP version, which versions are safe and what to ask your host. TechCity

IBM shares climbed in extended trading on Wednesday after the technology company reported third-quarter earnings and revenue above analysts’ expectations, supported by growth in software and infrastructure and an improved outlook for free cash flow. The results offered evidence that demand for enterprise software and artificial intelligence services is helping IBM expand its business, although […] The post IBM Shares Rise After Third-Quarter Earnings Beat Estimates as AI Demand Supports Software Growth appeared first on Tekedia.

Meta Platforms’ personal artificial intelligence agent, Muse, has attracted more than 10 million users since its September launch, with shopping emerging as its most popular use case and offering the company an early route to monetizing its expanding AI investments. Chief Executive Mark Zuckerberg disclosed the figures on Wednesday during Meta’s third-quarter earnings call, saying […] The post Meta’s Muse AI Agent Surpasses 10 Million Users as Shopping Drives Adoption appeared first on Tekedia.

Meta Platforms is moving to strengthen Mark Zuckerberg’s long-term control of the company through a new class of non-voting shares, reinforcing its founder-led governance structure as the Facebook and Instagram owner commits tens of billions of dollars to artificial intelligence infrastructure. The company disclosed the proposed Class C common stock in its third-quarter earnings report, […] The post Meta Creates New Share Class to Preserve Zuckerberg’s Control as AI Spending Surges appeared first on Tekedia.

Artificial intelligence is increasingly reshaping the global economy, raising important questions about employment, productivity and the responsibilities of companies developing powerful new technologies. Citadel founder Ken Griffin has warned that AI will threaten white-collar jobs, even as he suggests that his own firms are positioned differently. Meanwhile, Anthropic chief executive Dario Amodei has defended the […] The post Ken Griffin Warns AI Will Eliminate White-Collar Jobs as Anthropic’s Dario Amodei Defends the Race to the Top appeared first on Tekedia.

While stablecoins offer rapid finality for cross-border payments in Africa, high conversion costs, thin local liquidity, and strict compliance hurdles at the off-ramp undermine their potential savings.

Meta Platforms has been ordered to pay $25 billion in a New Mexico lawsuit over allegations that Facebook misled users about its handling of personal data and failed to adequately prevent misinformation on the platform, exposing the social media giant to a potentially record-setting financial penalty. The ruling follows a jury verdict last month that […] The post Cambridge Analytica Privacy and Misinformation Case: Meta Ordered to Pay $25bn in New Mexico appeared first on Tekedia.

BlackRock has launched another exchange-traded fund focused on artificial intelligence, expanding its range of investment products tied to the technology even as market volatility and uneven adoption challenge investors’ enthusiasm for the AI trade. The world’s largest asset manager said on Wednesday that its iShares Future Robotics and Related Technologies ETF (RBTX) would invest in […] The post BlackRock Launches Robotics ETF as Investors Reassess AI Investment Risks appeared first on Tekedia.