Two pieces of art sold for more than $100 million, suggesting the top-end of the market is on the upswing after a years-long decline. The sale of a $181 million Jackson Pollock painting and a $108 million Constantin Brancusi sculpture, both belonging to the estate of former Condé Nast publisher ...
AI industry’s tight-knit leadership class reinforcedAI industry’s tight-knit leadership class reinforced
Google DeepMind’s Demis Hassabis was reported to be an early investor in Anthropic, a revelation underscoring the concentration of power at the top of the AI industry. Former DeepMind researchers have founded more than a dozen companies since 2021, while Hassabis’ co-founder Mustafa Suleyman is now CEO of Microsoft AI. ...
Standard Chartered to slash workforce by 15% over AIStandard Chartered to slash workforce by 15% over AI
Banking giant Standard Chartered will cut 15% of its workforce by 2030 as its use of AI increases. The UK-headquartered company, which has large offices in China, India, Malaysia, and Poland, said it was boosting automation, but would move some affected staff into new roles. Several other banking and tech ...
Japan economy grows, but worrying signs aheadJapan economy grows, but worrying signs ahead
Japan’s economy grew at an annualized rate of 2.1% in the first quarter, surpassing expectations, though analysts warned that the fallout of the Iran war could hamper future expansion. The strong results were driven by rising US-bound exports and sturdy domestic consumption, the latter thanks to a temporary cash handout ...
Inflation fears persist globallyInflation fears persist globally
The Iran war’s inflationary pressures were unlikely to abate, analysts warned, even as US President Donald Trump said “serious negotiations” were underway with Tehran. Ratings agency Moody’s chief economist warned that the Federal Reserve would be forced to consider rate hikes. Traders are roughly 50-50 on rates either staying flat ...
Ebola may be spreading faster than first thought, WHO doctor warnsEbola may be spreading faster than first thought, WHO doctor warns
Hundreds of cases are suspected in central Africa but experts fear the actual number may be much higher. ...
Teen suspects fatally shoot three in suspected hate crime at San Diego mosqueTeen suspects fatally shoot three in suspected hate crime at San Diego mosque
The alleged attackers were aged 17 and 18 and one left a note containing “generalised hate rhetoric”, investigators say. ...
Victim or enabler? Epstein girlfriend who could face questions despite plea dealVictim or enabler? Epstein girlfriend who could face questions despite plea deal
Nadia Marcinko is relatively unknown but may soon be called before US legislators. ...
Selling children to survive: Afghan fathers forced to make impossible choicesSelling children to survive: Afghan fathers forced to make impossible choices
In Afghanistan today, a staggering three in four people cannot meet their basic needs. ...
Two dead in Spain shooting, with babies reportedly among injuredTwo dead in Spain shooting, with babies reportedly among injured
Police say a 25-year-old man is suspected of killing his parents and injuring four others in southern Spain. ...