Skip to content
World Today News
  • Home
  • News
  • World
  • Sport
  • Entertainment
  • Business
  • Health
  • Technology
World Today News
  • Home
  • News
  • World
  • Sport
  • Entertainment
  • Business
  • Health
  • Technology
Wednesday, December 10, 2025
World Today News
World Today News
  • Home
  • News
  • World
  • Sport
  • Entertainment
  • Business
  • Health
  • Technology
Copyright 2021 - All Right Reserved
Home » TOPCMB » Page 12
Tag:

TOPCMB

Technology

Anthropic Expands AI Chip Deal with Google for $Tens of Billions

by Rachel Kim – Technology Editor October 24, 2025
written by Rachel Kim – Technology Editor

Anthropic, the AI safety and research company, will leverage Google’s cutting-edge AI chips in ‌a multi-year deal potentially ⁣worth tens ⁤of billions of dollars to power the training of its Claude ⁣chatbot, Reuters has learned.The agreement marks a significant win for Google as it⁢ seeks to establish its Tensor Processing ‍Units (TPUs) as the industry standard for demanding AI​ workloads and underscores anthropic’s rapid growth and escalating computational needs.

The partnership addresses a critical bottleneck in AI⁢ development: access to sufficient and advanced computing power. As large language models ​like Claude grow in complexity, the cost and availability of specialized hardware become paramount.This deal allows Anthropic to ⁢accelerate its AI research and ⁤deployment, competing more effectively⁣ wiht industry leaders like OpenAI and meta, while simultaneously solidifying Google’s ⁤position in the burgeoning AI infrastructure market.

Anthropic will utilize Google Cloud’s TPUs – specifically designed for machine learning – over the coming years. While the exact financial terms remain ‍undisclosed,⁢ people⁣ familiar with the agreement estimate‍ the total value could exceed‍ $10 billion, potentially reaching⁣ tens of​ billions depending on Anthropic’s scaling​ needs and future TPU generations.

The move​ comes as demand for ​AI chips surges, fueled by the⁢ rapid advancement of generative AI. Nvidia currently dominates the market, but google is aggressively pushing its TPUs as a competitive ⁢alternative, emphasizing their performance and cost-effectiveness for specific AI tasks. Anthropic’s decision ‌to​ adopt TPUs represents⁣ a major endorsement of Google’s technology.

anthropic, founded by⁤ former OpenAI researchers, is focused on building reliable, interpretable, and steerable AI systems. Claude is designed to be a helpful, harmless,⁤ and honest AI ‌assistant, and the increased ⁢computational power will enable Anthropic to refine its model and expand its capabilities. The company recently secured a ⁣$4.1 billion investment led by Amazon.

October 24, 2025 0 comments
0 FacebookTwitterPinterestEmail
News

Trump pardons convicted Binance founder ‘CZ’ Zhao 

by David Harrison – Chief Editor October 24, 2025
written by David Harrison – Chief Editor

WASHINGTON, ‌January 9 -⁤ Former ‌president‌ Donald Trump granted⁤ a pardon to Changpeng Zhao, known as ⁣”CZ,”⁢ the founder ‌of the cryptocurrency exchange Binance, the justice Department confirmed Tuesday. the pardon comes as ‌Zhao prepares to ⁣be sentenced for violating U.S.⁢ anti-money laundering ⁢laws.

Zhao pleaded guilty in November 2023 to failing to maintain an effective anti-money laundering program‌ at Binance, the world’s largest cryptocurrency exchange. He stepped down as CEO as part of a⁣ $4.3 billion settlement with the Justice Department, resolving allegations that Binance facilitated‌ illicit ⁤transactions and violated sanctions. the pardon avoids a ⁢potential prison sentence for Zhao, who faces a maximum of 10 years.

The Justice ⁢Department stated the pardon was granted despite ‍its opposition, citing Zhao’s acceptance⁢ of responsibility ⁤and cooperation with ⁣investigators. the move underscores⁣ the ⁤ongoing debate surrounding‌ cryptocurrency regulation and enforcement,​ especially concerning the prevention of financial crimes. ⁤Binance,​ while not pardoned, remains under scrutiny and is required to implement comprehensive compliance measures.

Reporting on the story ⁤includes White ⁣House ⁤correspondent⁤ Gram Slattery, focusing on national security, intelligence, and foreign affairs, and Chris Prentice, who reports on financial crimes, ‍with a focus on securities enforcement matters.

October 24, 2025 0 comments
0 FacebookTwitterPinterestEmail
World

UK budget fears clouding L&G shares, says CEO

by Lucas Fernandez – World Editor October 24, 2025
written by Lucas Fernandez – World Editor

L&G ‍Shares Dip as UK Budget Uncertainty Looms,CEO Warns

LONDON,Oct 26 – ⁣Shares ‌in Legal & General (L&G)‌ have come under pressure amid growing investor ‌anxieties surrounding ⁢the upcoming UK budget,according to the company’s Chief ​Executive,Sir Nigel Wilson.Wilson attributed the⁤ share price weakness ​to⁣ market concerns ⁢over potential fiscal⁤ policy⁢ shifts⁢ and their impact⁣ on the broader economic outlook.

The concerns center‌ on the possibility of increased ‌government borrowing or changes to tax policies that could destabilize financial ⁢markets, already sensitive ‌following recent volatility. L&G, a major player in the UK’s pensions and investment landscape, ​is especially vulnerable‌ to shifts in gilt yields ‌and broader economic conditions.the company ⁤manages over £830 billion in assets, making it a bellwether for investor sentiment towards the UK economy.

“The market is understandably nervous about​ the budget,” Wilson told ⁢Reuters. “Ther’s‍ a lot of uncertainty around what the government⁣ will ⁤do, ​and that’s reflected in our ⁣share price.” He emphasized the​ importance of fiscal responsibility and a clear economic plan to restore investor confidence.

The UK government is scheduled to unveil its budget plans on November 22nd.Investors⁣ are keenly‍ awaiting details⁤ on how the government⁣ intends to address the country’s economic challenges, including high inflation and slowing growth.

L&G’s shares‍ were‌ down⁣ approximately 2.5% in early trading on Thursday, mirroring ⁣a wider downturn in the financial sector. Analysts suggest that ‌the market reaction highlights the sensitivity surrounding the UK’s fiscal outlook and ‌the⁣ potential for further volatility in ‍the coming weeks. The company’s performance is closely watched as an indicator of the health of the⁢ UK’s financial ⁢services industry and the broader economy.

October 24, 2025 0 comments
0 FacebookTwitterPinterestEmail
Technology

Amazon sees faster delivery speeds with hi-tech driver eyeglasses, AI

by Rachel Kim – Technology Editor October 23, 2025
written by Rachel Kim – Technology Editor

Amazon ‌Drivers Get AI-Powered Eyeglasses​ to Speed Deliveries

SEATTLE ‌- Amazon is equipping its delivery drivers with high-tech eyeglasses powered by artificial intelligence to accelerate package delivery times and improve safety,the company announced Tuesday. ‍The eyewear provides real-time data and​ instructions directly to drivers, streamlining workflows ​and ⁤reducing errors.

The rollout ⁢marks a important step in Amazon’s ongoing investment in⁤ technology to optimize its logistics network. The AI-powered glasses,developed in-house,aim to ​address challenges like mis-scanned packages and inefficient routing,ultimately benefiting both Amazon and its customers through faster,more reliable deliveries. The technology is currently being ‍tested in⁤ select locations with plans for ⁢wider deployment.

The glasses function by using augmented reality to display facts such as package barcodes and navigation prompts within the driver’s field of vision.This hands-free approach allows drivers to keep their attention ‍on their⁣ surroundings, enhancing safety while concurrently increasing efficiency. Amazon says the ⁣system⁣ has already demonstrated positive results in⁣ pilot‌ programs.

“We are ‍always looking‌ for ways ‌to innovate and make the delivery ⁣experience even better for our customers and drivers,” said Amazon spokesperson‍ Maria Martinez. “These ⁤glasses are a‍ prime example of how we’re leveraging technology to achieve that⁣ goal.”

The technology addresses a ‌critical pain point‌ in the “last mile” of delivery⁣ – the most expensive ​and complex part of⁤ the ​shipping process. ⁢By reducing scanning times and optimizing⁤ routes, Amazon hopes⁣ to lower costs and maintain‍ its competitive edge in⁤ the rapidly evolving e-commerce landscape.

Amazon has been quietly developing⁣ the technology for several years, initially exploring various wearable devices ⁢before settling ​on the eyeglasses form factor. The company has filed patents related to the technology, indicating ⁢a‍ long-term commitment to its growth and integration into its⁤ delivery‌ operations.

The move comes ⁢as Amazon faces increasing pressure to meet customer expectations for faster delivery, particularly⁢ as competitors like Walmart and‍ Target invest heavily in their own logistics⁣ capabilities. The AI-powered glasses​ represent a strategic move to maintain Amazon’s position as a leader in e-commerce fulfillment.

October 23, 2025 0 comments
0 FacebookTwitterPinterestEmail
World

Japan’s new PM faces $550 bln US funding conundrum

by Lucas Fernandez – World Editor October 22, 2025
written by Lucas Fernandez – World Editor

Japan‘s New Prime Minister Confronts $550‌ Billion Funding Challenge

TOKYO​ – Newly appointed Japanese Prime Minister Kishida⁢ Fumio faces an immediate and substantial ⁣fiscal⁤ hurdle: navigating⁤ a $550 billion funding gap stemming ⁢from‌ the country’s commitment ‌too the U.S.-led Global Infrastructure and Investment Partnership (GIP), alongside existing domestic economic pressures. The commitment, revealed in late 2023,⁤ represents a⁤ meaningful portion of the GIP’s overall $600 billion pledge ⁢and is intended ‍to ⁤counter‌ China’s Belt and Road ⁤Initiative. ​

The scale of the funding presents a ​complex challenge ⁤for Kishida, who ⁤assumed office in September ⁢2023,⁣ inheriting⁣ an economy grappling with decades of deflation, an aging population, and mounting debt. Japan’s contribution to the GIP, intended to be deployed over five years, will ⁢require careful‌ budgetary maneuvering and perhaps necessitate ⁣challenging⁤ choices regarding domestic ⁣spending priorities.⁢ The funds are earmarked for projects across developing‌ nations,‌ focusing on areas like energy,​ infrastructure, and ⁢digital technology.

Japan’s ​pledge to the GIP is part of a broader strategy to strengthen its alliance with the United States and promote a “free and open Indo-Pacific.” However, the financial commitment comes at a time when Japan’s own⁣ fiscal situation is strained. The nation already holds⁤ the highest debt-to-GDP ratio among developed ‍countries, exceeding 260%.

Analysts suggest several potential funding sources,including reallocating existing foreign aid budgets,issuing new government bonds,and encouraging private sector investment. However, each option carries risks. Increased borrowing could further ​inflate Japan’s debt, while diverting⁤ funds ⁤from⁢ existing aid programs ⁢could⁣ strain relationships with‍ other recipient countries. Encouraging ⁤private investment may prove difficult given the‌ inherent risks⁢ associated with projects in developing⁣ economies.

“The Kishida management needs to demonstrate fiscal discipline while simultaneously⁤ fulfilling ⁤its international‍ commitments,” said Hudson Lockett, ‌Asia Columnist ⁤for Reuters Breakingviews. “Balancing these competing‍ priorities ​will be a defining‌ challenge of his premiership.”

The GIP,⁣ launched ‌in June ⁢2022, aims to⁤ mobilize $600 billion in infrastructure investments⁢ by ⁢2027, with contributions from the U.S., japan, the european Union, and ‍other partners. The initiative is widely ⁢viewed as a ​direct response to China’s Belt and ​Road Initiative, which has‍ funded‍ infrastructure ‍projects across⁤ Asia, Africa, and Latin America. ⁤While the GIP emphasizes sustainability and transparency, ⁣its‍ success hinges on the ability ⁢of participating nations to deliver on their ‍financial pledges.

October 22, 2025 0 comments
0 FacebookTwitterPinterestEmail
Business

Loan Funds See Outflow Amid First Brands Bankruptcy Concerns

by Priya Shah – Business Editor October 22, 2025
written by Priya Shah – Business Editor

First Brands Group LLC’s unexpected bankruptcy filing is triggering a wave of‍ investor withdrawals from U.S. loan funds, intensifying pressure on a market already grappling ⁤with higher interest rates ​and economic uncertainty. The outflow, which began⁢ late last week and accelerated on Monday, has led to price declines in leveraged loans and collateralized loan obligations (CLOs), according to sources familiar with the matter.

The ⁤bankruptcy of First Brands, the parent company of brands like Febreze, Mr.Clean,‌ and Pine-Sol, is ​rattling loan funds⁢ because of ‌the size of its debt – approximately $2.5 billion in ‍loans – and the speed of ⁣its collapse. This event underscores‌ the vulnerabilities within the ⁤leveraged loan market,⁤ where companies with notable debt burdens are increasingly at risk as borrowing costs rise and economic growth slows.Investors ‌are now reassessing their exposure to similar highly leveraged companies, fearing further defaults and ​losses.

According to filings, ‍First Brands filed for‌ Chapter 11 ⁢bankruptcy protection in​ delaware on​ Sunday, citing a⁤ confluence of factors including declining sales, supply chain ‌disruptions, and the weight of its debt load. The company listed‌ both assets and liabilities in the​ range of $1 billion to $10 billion.

The immediate impact has been felt ⁤in​ the primary market, where issuance of new leveraged loans has stalled. Existing loans are trading ​at discounted prices, with some funds facing margin calls as loan values fall. “There’s definitely been a flight to quality,” said one portfolio manager at a large credit hedge fund. “People are looking to reduce risk and raise cash.”

the outflows are reminiscent ⁣of the market turmoil seen in March 2023, following the collapse of Silicon Valley Bank, though‍ sources say the current situation is contained and not ⁣systemic. Though,⁢ the ‍First‌ Brands case serves as a stark ⁣reminder of​ the risks ‍inherent in leveraged finance, especially for companies‍ that took⁣ on ample debt during a period of ultra-low interest rates.

Analysts predict further volatility in the coming weeks as investors continue to digest the implications of the First Brands bankruptcy and​ assess the broader health of the leveraged loan market. the situation is being closely monitored by regulators, who are concerned about the potential for contagion and systemic risk.

October 22, 2025 0 comments
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts

Search:

Recent Posts

  • 15‑Year‑Old Beats Snapchat Age Check Ahead of Australia’s Social Media Ban

    December 9, 2025
  • Storm Bram Rail Disruptions Across Scotland, England and Wales – Evening Commute Update

    December 9, 2025
  • Miami Mayoral Runoff 2024: Democrats Target Republican Stronghold

    December 9, 2025
  • Kremlin Praises Trump’s National Security Strategy, Ukraine Peace Talks Stall

    December 7, 2025
  • Yipirinya School Crisis: Principal Guilty, Staff Redundancies Loom

    December 7, 2025

Follow Me

Follow Me
  • Privacy Policy
  • About Us
  • Accessibility statement
  • California Privacy Notice (CCPA/CPRA)
  • Contact
  • Cookie Policy
  • Disclaimer
  • DMCA Policy
  • Do not sell my info
  • EDITORIAL TEAM
  • Terms & Conditions

@2025 - All Right Reserved.

Hosted by Byohosting – Most Recommended Web Hosting – for complains, abuse, advertising contact: contact@world-today-news.com


Back To Top
World Today News
  • Home
  • News
  • World
  • Sport
  • Entertainment
  • Business
  • Health
  • Technology
World Today News
  • Home
  • News
  • World
  • Sport
  • Entertainment
  • Business
  • Health
  • Technology
@2025 - All Right Reserved.

Hosted by Byohosting – Most Recommended Web Hosting – for complains, abuse, advertising contact: contact@world-today-news.com