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S&P 500 falls as AI worries hit software makers

S&P 500 falls as AI worries hit software makers

By Noel Randewich and Niket Nishant Sept 8 (Reuters) - The S&P 500 fell on Tuesday, with Salesforce and other software makers losing ground, while hostilities in the Middle East lifted oil prices and investors awaited inflation data that could affect the chances of an interest rate hike.
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OpenAI offers AI for chip design, touts cost advantage over open-source, CFO says

OpenAI offers AI for chip design, touts cost advantage over open-source, CFO says

By Krystal Hu Sept 8 (Reuters) San Francisco - OpenAI is pushing its AI into specialized industries and undercutting open-source rivals on cost, Chief Financial Officer Sarah Friar said on Monday, as the ChatGPT maker sees accelerating enterprise growth.
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Chime to buy nationally chartered Stride Bank for $590 million, shares jump

Chime to buy nationally chartered Stride Bank for $590 million, shares jump

Sept 8 (Reuters) - Fintech Chime said on Tuesday it will acquire nationally chartered Stride Bank for $590 million, bringing key banking infrastructure in-house as it looks to expand its lending business.
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OpenAI pushes for mandatory national AI safety rules

OpenAI pushes for mandatory national AI safety rules

By Chandni Shah Sept 9 (Reuters) - OpenAI said on Wednesday it was pushing for mandatory national AI safety requirements in the United States on concern the technology could accelerate its own development, after some of its own AI agents went rogue.
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OpenAI says working with Samsung on next-generation chips, deepening cooperation

OpenAI says working with Samsung on next-generation chips, deepening cooperation

By Heekyong Yang SEOUL, Sept 9 (Reuters) - OpenAI is deepening cooperation with Samsung Electronics as the ChatGPT maker develops its own chips, expanding ties with the South Korean technology giant across semiconductors and enterprise AI services.
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Navan raises fiscal 2027 forecast on strong corporate travel demand, customer growth

Navan raises fiscal 2027 forecast on strong corporate travel demand, customer growth

Sept 9 (Reuters) - Corporate travel and expense platform Navan raised its full-year forecasts for revenue and operating income on Wednesday, as strong demand for business travel and addition of new customers drive growth.
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OpenAI faces Senate probe into Hugging Face incident

OpenAI faces Senate probe into Hugging Face incident

Sept 10 (Reuters) - A Republican-led Senate subcommittee responsible for disaster-management oversight is examining OpenAI's response to the July Hugging Face breach.
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American Eagle shares slide as flat margin outlook, weak core brand weigh

American Eagle shares slide as flat margin outlook, weak core brand weigh

Sept 10 (Reuters) - American Eagle Outfitters' shares slumped over 11% in premarket trading on Thursday, following a flat quarterly gross-margin forecast as persistent softness at the company's core brands outweighed a second-quarter revenue beat.
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Payment firms Visa, Mastercard and Ant International team up on AI agent trust framework

Payment firms Visa, Mastercard and Ant International team up on AI agent trust framework

Sept 10 (Reuters) - Ant International, Mastercard and Visa have launched an initiative to develop common standards to identify and verify AI agents that can make purchases on behalf of users.
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Macy's raises annual forecasts as Bloomingdale's drives growth

Macy's raises annual forecasts as Bloomingdale's drives growth

Sept 10 (Reuters) - Macy's raised its annual sales and profit forecasts on Thursday after stronger performance at its upmarket Bloomingdale's and Bluemercury chains as higher-income shoppers keep spending despite broader economic uncertainty.
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Apple's Ternus faces AI test as foldable iPhone takes center stage

Apple's Ternus faces AI test as foldable iPhone takes center stage

By Stephen Nellis SAN FRANCISCO, Sept 8 (Reuters) - When new CEO John Ternus unveils Apple's latest products on Wednesday, Wall Street expects him to show that the company can still deliver breakthrough hardware and a Siri virtual assistant capable of competing in the AI race.
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Jensen Huang just sent Wall Street a message about AGI

Jensen Huang just sent Wall Street a message about AGI

The Nvidia chief posted two numbers. Only one of them is tradable.