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Nick Clegg joins VC firm HIRO Capital to target spatial AI opportunities

Nick Clegg joins VC firm HIRO Capital to target spatial AI opportunities

By Paul Sandle LONDON, Dec 10 (Reuters) - Nick Clegg, the former president of global affairs at Meta and deputy prime minister of Britain, has joined founder-led venture capital firm HIRO Capital to invest in spatial AI innovation in Europe, the firm said on Wednesday.
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India Proposes Royalty System for AI Training on Copyrighted Content

India Proposes Royalty System for AI Training on Copyrighted Content

India has introduced a proposal that mandates AI companies like OpenAI and Google to pay royalties for using copyrighted content to train their models. This initiative, released by India's Department for Promotion of Industry and Internal Trade, suggests a 'mandatory blanket license' allowing AI firms access to copyrighted works in exchange for payments to a collective body of rights holders. The proposal aims to reduce compliance costs for AI companies while ensuring fair compensation for creators. This move comes amid global legal challenges regarding the use of copyrighted material for AI training, with courts in the U.S. and Europe still deliberating on the legality of such practices. The Indian government has opened the proposal for public consultation, inviting feedback from stakeholders before finalizing the framework.
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Oracle AI reality check knocks stocks, Fed cut saps dollar

Oracle AI reality check knocks stocks, Fed cut saps dollar

By Marc Jones LONDON, Dec 11 (Reuters) - World stocks stalled on Thursday as cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the U.S. Federal Reserve cut interest rates for a third meeting running.
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WTW to buy brokerage firm Newfront in up to $1.3 billion deal

WTW to buy brokerage firm Newfront in up to $1.3 billion deal

Dec 10 (Reuters) - Insurance broker WTW said on Wednesday it will acquire Newfront in a deal worth up to $1.3 billion, aiming to expand its reach in the U.S. middle-market through the brokerage.
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Aware Super CIO warns of 'orange' lights in AI financing as valuations soar

Aware Super CIO warns of 'orange' lights in AI financing as valuations soar

By Scott Murdoch SYDNEY, Dec 9 (Reuters) - The chief investment officer of Australian pension fund Aware Super says there are flashing "orange" lights in some funding arrangements in the global artificial intelligence industry but earnings growth is backing up the sector's current valuations.
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Nvidia's Financial Performance and Strategic Moves Highlight Growth and Challenges

Nvidia's Financial Performance and Strategic Moves Highlight Growth and Challenges

Nvidia's Financial Performance and Strategic Moves Highlight Growth and Challenges
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MH Relaunches as Avencera to Capitalize on AI Services Demand

MH Relaunches as Avencera to Capitalize on AI Services Demand

MH Relaunches as Avencera to Capitalize on AI Services Demand
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Morning Bid: Wobbling bonds find a level as Fed meets

Morning Bid: Wobbling bonds find a level as Fed meets

By Mike Dolan Dec 9 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Fed week got off to a rocky start in global markets, courtesy of bond market hits across the world, but government debt yields stabilized on Tuesday as the Federal Reserve started
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Pentagon to Deploy New AI Tools for Military Use, Prioritizing Rapid Innovation

Pentagon to Deploy New AI Tools for Military Use, Prioritizing Rapid Innovation

The Pentagon is set to deploy new AI tools for logistics, intelligence analysis, and combat planning within days or weeks, according to Emil Michael, the defense undersecretary for research and engineering. This initiative follows the consolidation of the Defense Innovation Unit and the Chief Digital and Artificial Intelligence Office to accelerate AI deployment. The focus on AI comes amid advancements in large-language-model tools like ChatGPT, which have expanded the potential applications of AI in military contexts. Michael emphasized the need to catch up with these technological advancements and integrate them into the Department of Defense's operations.
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Oppenheimer sets Street-high 8,100 S&P 500 target for 2026

Oppenheimer sets Street-high 8,100 S&P 500 target for 2026

Dec 8 (Reuters) - Oppenheimer Asset Management on Monday set a year-end 2026 target of 8,100 for the S&P 500 index, the most bullish forecast among major Wall Street brokerages, citing expectations of strong corporate earnings and continued resilience in the U.S. economy.
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NextEra expands Google Cloud partnership, secures clean energy contracts with Meta

NextEra expands Google Cloud partnership, secures clean energy contracts with Meta

Dec 8 (Reuters) - NextEra Energy expanded its partnership with Alphabet's Google Cloud to scale up data center capacity, while securing over 2.5 gigawatts of clean energy contracts from Meta across the U.S., the company said on Monday. Shares of NextEra were up 2.7% in premarket trading.
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Retailers Embrace Self-Checkout Technology Amid Rising Costs and Labor Shortages

Retailers Embrace Self-Checkout Technology Amid Rising Costs and Labor Shortages

Retailers Embrace Self-Checkout Technology Amid Rising Costs and Labor Shortages