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Chinese AI's role in stopping rogue OpenAI agent shows cost of US guardrails

Chinese AI's role in stopping rogue OpenAI agent shows cost of US guardrails

By Aditya Soni and Jaspreet Singh July 22 (Reuters) - A New York startup's use of a Chinese AI model to rein in a rogue agent built with OpenAI technology is stoking fears that guradrails restricting U.S. AI firms from doing cybersecurity work could drive customers toward their Beijing-based rivals.

Alphabet's Gemini delay, spending worries loom over earnings

Alphabet's Gemini delay, spending worries loom over earnings

By Deborah Mary Sophia and Rashika Singh July 21 (Reuters) - Alphabet faces heightened scrutiny from investors as a delay in the launch of a model key to its AI ambitions adds to worries over the payoff from massive data-center spending, months after raising expectations with a blockbuster quarter

IBM cuts yearly revenue growth forecast as customers prioritize AI infrastructure spending

IBM cuts yearly revenue growth forecast as customers prioritize AI infrastructure spending

By Anhata Rooprai July 22 (Reuters) - IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.

Goldman Sachs creates private markets platform for wealthy clients, memo shows

Goldman Sachs creates private markets platform for wealthy clients, memo shows

July 21 (Reuters) - Goldman Sachs has created a new platform as it looks to expand its private market offerings for wealthy clients, according to an internal memo seen by Reuters on Tuesday.

Wellington, Vanguard, Blackstone launch funds targeting wealthy investors

Wellington, Vanguard, Blackstone launch funds targeting wealthy investors

July 22 (Reuters) - Wellington Management, Vanguard and Blackstone are launching two funds that will offer investments in both public and private markets for a growing cohort of wealthy individuals, the companies said on Wednesday.

Nokia Q2 profit beat on AI demand

Nokia Q2 profit beat on AI demand

STOCKHOLM, July 23 (Reuters) - Nokia reported a bigger than expected rise in its quarterly comparable operating profit on Thursday, as the Finnish telecom gear maker got a boost from artificial intelligence and cloud customers.

AMD to sell Anthropic tens of billions in AI servers, invest up to $5 billion in startup

AMD to sell Anthropic tens of billions in AI servers, invest up to $5 billion in startup

July 22 (Reuters) - Advanced Micro Devices will sell Anthropic tens of billions of dollars' worth of AI servers and invest as much as $5 billion in the Claude maker, in a deal that would strengthen its foothold in a market dominated by rival Nvidia.

Texas Instruments forecasts upbeat revenue on analog chip demand

Texas Instruments forecasts upbeat revenue on analog chip demand

By Juby Babu July 22 (Reuters) - Texas Instruments forecast quarterly revenue above Wall Street estimates on Wednesday, signaling that spending on AI infrastructure and a recovery in industrial and automotive markets are boosting demand for analog chips.

Charles Schwab posts record quarterly profit on trading boom

Charles Schwab posts record quarterly profit on trading boom

July 21 (Reuters) - Brokerage firm Charles Schwab posted a record second-quarter profit on Tuesday, driven by robust trading activity and increased asset management fees.

Moody's quarterly profit jumps on bond issuance activity strength

Moody's quarterly profit jumps on bond issuance activity strength

July 22 (Reuters) - Moody's reported a jump in second-quarter profit on Wednesday, as strong bond issuance activity drove growth in its ratings business.

Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports

Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports

July 22 (Reuters) - South Korea's Samsung is in talks to invest hundreds of millions of euros in the AI start-up Mistral, as part of a fundraising round that could value the group at roughly €20 billion ($22.81 billion), Financial Times reported on Wednesday, citing sources.

Halliburton beats estimates on Europe, Latin America oilfield services demand

Halliburton beats estimates on Europe, Latin America oilfield services demand

July 21 (Reuters) - Halliburton edged past Wall Street estimates for second-quarter profit on Tuesday, as steady demand for its oilfield equipment in Latin America, Europe and Africa offset declining activity in the Middle East due to the Iran war.