Accenture has agreed to pay $25 million to settle allegations by the U.S. government that the consulting firm considered race and sex in hiring and promotion decisions, adding to a series of corporate settlements tied to the Trump administration’s campaign against diversity, equity and inclusion (DEI) programs. The settlement agreement, made public Monday and signed […] The post Accenture to Pay $25 Million to Settle U.S. Probe Into DEI Practices appeared first on Tekedia.

India’s consumer regulator has escalated an investigation into Apple’s software warranty terms after complaints that the iOS 18 update caused screen and microphone problems on iPhones, leaving some users facing costly repairs for defects they say followed the software upgrade. The Central Consumer Protection Authority (CCPA) has ordered a “detailed investigation” into the matter, increasing […] The post India Escalates Apple iOS 18 Warranty Probe as Repair Costs Put Consumer Rights Under Scrutiny appeared first on Tekedia.

OpenAI is betting that winning the legal industry will require more than putting powerful AI models in the hands of lawyers. The company is increasingly looking to the people who can help law firms and corporate legal departments integrate those models into the way they actually work. That approach is taking shape through a new […] The post OpenAI Turns to ‘Legal Engineers’ to Push Deeper Into Law Firms appeared first on Tekedia.

Broadcom CEO Hock Tan is betting that the AI infrastructure boom has enough momentum to withstand growing calls for slower development of frontier models, brushing aside concerns that a moderation in AI progress could weaken demand for the chipmaker’s custom processors and networking equipment. Tan told CNBC on Monday that Broadcom has no reason to […] The post Broadcom CEO Hock Tan Dismisses AI Slowdown Fears, Sticks to $230 Billion Forecast appeared first on Tekedia.

Wall Street narrowly avoided a much deeper sell-off Monday as three of the market’s biggest sources of anxiety, surging oil prices, rising Treasury yields and fears over a slowdown in artificial intelligence spending, all eased as the session progressed. CNBC’s Jim Cramer said the market initially appeared headed for a far more severe decline before […] The post Cramer Says Wall Street Dodged Deeper Sell-Off as Oil, Bonds and AI Fears Ease appeared first on Tekedia.

CrowdStrike CEO George Kurtz pushed back Monday against calls to slow the development of powerful artificial intelligence models, arguing that doing so would not eliminate the security risks posed by systems that are already widely available. “The genie’s out of the bottle,” Kurtz said on CNBC’s “Mad Money.” “There’s plenty of models that are already […] The post CrowdStrike CEO Says AI “Genie Is Out of the Bottle” as Cybersecurity Stocks Surge appeared first on Tekedia.

The U.S. government has filed a civil forfeiture complaint seeking more than $61 million in cryptocurrency that it alleges represents proceeds from the illicit sale of Iranian crude oil and petroleum products, escalating Washington’s efforts to disrupt the financial networks supporting Tehran’s sanctioned energy trade. The complaint, filed by the U.S. Attorney’s Office for the […] The post U.S. Moves to Seize $61 Million in Crypto Tied to Alleged Iranian Oil Sanctions Evasion appeared first on Tekedia.

A growing number of major brokerages now expect the Federal Reserve to raise interest rates this week, marking a sharp reversal in expectations after stronger-than-expected U.S. inflation data raised doubts about whether price pressures are easing quickly enough without additional monetary tightening. Goldman Sachs, J.P. Morgan, HSBC and Deutsche Bank are among the firms forecasting […] The post Wall Street Turns Hawkish as Inflation and Oil Push Fed Toward Rate Hike appeared first on Tekedia.

Artificial intelligence models are becoming the “most potent cyber weapon” ever created, with increasingly capable systems able to discover and exploit software vulnerabilities at a scale and speed that could fundamentally change the nature of cybersecurity, Cohere CEO Aidan Gomez said. Gomez’s warning comes as governments, cybersecurity companies and AI developers grapple with a series […] The post AI Models Are Becoming the Most Potent Cyber Weapons Ever Created, Cohere CEO Warns appeared first on Tekedia.

Large technology and government contractors are tightening their use of advanced artificial intelligence models from Anthropic and OpenAI amid growing concerns over how customer data and intellectual property are handled, according to The Information. Palantir Technologies, Nvidia and Booz Allen Hamilton are among companies that could restrict or stop using advanced AI models unless the […] The post Big Tech Firms Rethink Anthropic, OpenAI Use Over AI Data Privacy Concerns appeared first on Tekedia.

Oracle has begun another round of layoffs as the software giant moves to reduce its workforce while committing tens of billions of dollars to the data centers needed to capitalize on surging demand for artificial intelligence infrastructure. Three people affected by the cuts and an email reviewed by Business Insider confirmed that layoffs began Monday, […] The post Oracle Begins New Layoffs As AI Infrastructure Spending Drives Billions In Debt appeared first on Tekedia.

The launch of Dangote Refinery and Petrochemicals’ anticipated initial public offering (IPO), has triggered a surge in investor traffic, overwhelming investment platforms as users rushed to participate in the offer. The sudden influx of users exposed capacity challenges, with some platforms experiencing disruptions as they struggled to handle the unusually high demand. Nigerian investment platforms […] The post Dangote IPO Launch Triggers Surge in Traffic as Nigerian Investment Platforms Experience Downtime appeared first on Tekedia.

Digital-asset investment products recorded approximately $1 billion in inflows by September 4, highlighting the strength of investor demand as cryptocurrency markets entered September with renewed momentum. The capital movement points to continued institutional interest in digital assets, despite the volatility and uncertainty that have characterized financial markets throughout the year. The inflow is particularly significant […] The post Digital Asset Investment Products See $1 Billion Inflows as Investor Demand Strengthens appeared first on Tekedia.

The Revolut data breach has exposed a difficult truth about modern fintech: a company does not always need to be technically hacked for sensitive customer information to fall into criminal hands. In this case, attackers reportedly exploited trust in a legitimate government domain to persuade Revolut to disclose customer information. The incident has now escalated […] The post KYC Data Leak Hits Revolut as Hackers Demand Payment for Stolen Customer Information appeared first on Tekedia.

Anthropic has signed a six-year computing agreement worth approximately $13.7 billion with RUM Group, linking one of the world’s leading artificial-intelligence developers to a company with significant connections to President Donald Trump’s political and technology ecosystem. The agreement underscores the extraordinary amount of computing infrastructure now required to develop and operate frontier AI models. The […] The post Anthropic Signs $13.7 Billion RUM Group Compute Deal as AI Infrastructure Race Accelerates appeared first on Tekedia.

Nike’s latest market decline has pushed the sportswear giant into an unusually extreme technical position, with its shares falling to their most oversold monthly reading on record. The development highlights just how deeply investor sentiment has deteriorated around one of the world’s most recognizable consumer brands—and raises a difficult question for markets: is Nike approaching […] The post Nike Shares Face Historic Selling Pressure as Competition and Weak Demand Weigh on Stock appeared first on Tekedia.

Financial markets are entering a critical week with expectations for a potential Federal Reserve interest-rate increase rising sharply. Goldman Sachs and JPMorgan now expect the Fed to raise its benchmark rate this week, while prediction markets are assigning an increasingly high probability to the move. Polymarket currently prices an 80% chance of a 25-basis-point hike […] The post Goldman Sachs and JPMorgan Shift Toward a Fed Hike appeared first on Tekedia.

A disruption to Saudi Arabia’s oil pipeline infrastructure is once again highlighting how vulnerable the global energy system remains to concentrated supply risks. With a pipeline outage potentially placing roughly 4% of global oil supply at risk within days. Traders are confronting a familiar but consequential question: how quickly can the world replace barrels when […] The post Global Energy Markets Brace for Potential Saudi Oil Supply Disruption appeared first on Tekedia.

The U.S. equity market is facing a fresh test of investor conviction after equity funds recorded their largest outflow since January. The withdrawal marks a notable shift in sentiment at a time when U.S. stocks have spent much of the year supported by expectations for economic resilience, corporate earnings growth and the continued strength of […] The post US Equity Funds Suffer Largest Outflow Since January as Investors Reassess Market Risk and Valuations appeared first on Tekedia.

The new trailer for the OpenAI movie takes a provocative leap beyond artificial intelligence and corporate drama, imagining what the private world of Sam Altman might look like if the future he is helping build becomes as uncertain as it is revolutionary. At the center of that fantasy is an especially striking image: a stash […] The post Sam Altman, AI Risk and the Silicon Valley Doomsday Prepper Myth appeared first on Tekedia.

Chevron is looking to expand its global liquefied natural gas portfolio from Argentina to the eastern Mediterranean and potentially Africa as repeated disruptions to major gas-producing regions push buyers to place a greater premium on security and diversity of supply. The U.S. oil major currently has about 20 million metric tons per annum of LNG […] The post Chevron Targets Argentina, Mediterranean and Africa as Middle East Crisis Reshapes LNG Supply appeared first on Tekedia.

The U.S. Senate’s latest attempt to establish a comprehensive regulatory framework for digital assets has entered a decisive phase, with Republicans releasing a revised CLARITY Act draft ahead of Tuesday’s procedural vote. The new proposal represents a significant effort to convert months of partisan negotiations into a bipartisan framework, incorporating 126 substantive changes requested by […] The post Why Tuesday’s CLARITY Act Decision Matters for Bitcoin and Stablecoins appeared first on Tekedia.

For decades, Florida has been synonymous with American retirement. Warm weather, beaches, golf courses and a favorable tax environment helped make the Sunshine State a destination for older Americans seeking a comfortable life after work. But Delaware is emerging as an alternative, offering something increasingly valuable to retirees: choice. Delaware’s appeal is not limited to […] The post Why Retirees Are Moving to Delaware Instead of Florida appeared first on Tekedia.

For years, the Sun Belt was one of America’s strongest real estate stories. Cities across the South and Southwest attracted businesses, workers and families with relatively affordable housing, warmer climates, lower taxes and expanding job markets. From Texas and Florida to Arizona, Georgia, Tennessee and the Carolinas, population growth helped turn the region into a […] The post Why a Stormy Housing Market Could Create New Investment Opportunities appeared first on Tekedia.

China has rejected calls from leading US artificial intelligence executives to slow the development of powerful AI systems, saying that fear and confrontation could undermine efforts to establish global rules for the technology. Guo Jiakun, a spokesperson for China’s Foreign Ministry, pushed back on the proposal Monday after being asked about recent calls from Anthropic […] The post China Rejects “Fear Mongering” Calls To Slow AI Development, Says It Will Disrupt Process Of Global AI Governance   appeared first on Tekedia.

The latest moves across crypto markets point to a broader shift in how digital-asset companies and NFT platforms are deploying capital. Strategy has bought back roughly $139 million of its STRC preferred stock without purchasing additional Bitcoin. While Fake World Assets is preparing to activate personal pools for beta users and expand its V2 lister […] The post Strategy Buys Back $139M in STRC Without Buying Bitcoin as Fake World Assets Launches Personal NFT Pools appeared first on Tekedia.

Nowadays, prediction markets have become increasingly popular as people seek new ways to forecast future events. They are also looking for ways to evaluate probabilities and benefit from their knowledge of specific tropics. These markets can cover everything, including stuff like politics, financial markets, and entertainment. Despite that, it seems like sports betting is at […] The post 5 Reasons why Sports Betting is so important for Prediction Markets appeared first on Tekedia.

There is no arguing that the weekend sports are often the most exciting time for betting enthusiasts. This is when people get the chance to watch some of the big games, especially in sports like football, basketball and other popular sports. However, successful sports betting is not about simply following a prediction and placing a […] The post How to use the Weekend Sports Betting Predictions to Your Advantage appeared first on Tekedia.

Microsoft has published a provisional code of conduct for its artificial intelligence models, setting out restrictions on how its systems should behave as concerns grow over the risks posed by sophisticated AI models. The guidelines come days after leaders at Anthropic and OpenAI backed the idea of deliberately slowing the pace of frontier AI development, […] The post Microsoft Proposes AI Rules as Tech Giants Debate Slowing Frontier Model Development appeared first on Tekedia.