AI regulation calls grow in D.C. after researcher's extinction warning
Members of Congress are calling for AI regulation after a researcher warned that OpenAI and Anthropic are acting irresponsibly.
CNBC
Region: United States
•
Language: EN
•
Mode: Aggregation
•
Stories Indexed: 172
Analysis: Hot CPI puts Kevin Warsh’s Fed credibility on the line before rate decision
August CPI data leave Kevin Warsh to choose between acting on his inflation warnings or risking new doubts about his control of the central bank.
Jim Cramer's top 10 things to watch in the stock market Friday
Stocks are still looking at a higher open after consumer inflation, excluding food and energy prices, came in hotter than expected.
Nonprofit received $2 million from Olivia Rodrigo and Melinda French Gates—it wants to give cash to abuse survivors
The money nonprofit Freefrom received from participating in Olivia Rodrigo's Daisy Chain Music Festival helped the organization hit its annual finacial goal.
Consumer prices rose 0.4% in August, as expected; core inflation was higher than estimated
The all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% gain, according to the Dow Jones consensus.
Oil prices fall sharply after double-digit weekly gains above $100
Oil prices retreated on Friday, but remained on track for a weekly gain of almost 10% after soaring above $100 a barrel for the first time in months.
Sub-$100 smartphones becoming a rarity as AI memory prices soar
The days of the sub-$100 smartphone may be numbered as memory costs soar, with China seeing one of the more dramatic shakeups in price points.
Wealthy investors are pouring billions into this new tax strategy despite risks
Total assets invested in so-called tax-aware long-short strategies — or TALS — have surged to more than $170 billion, according to Tax Alpha Insider.
IEA warns global oil refining system ‘stretched to the limit’ as Iran, Ukraine wars tighten market
The Iran and Ukraine wars are adding pressure to an oil refining system "stretched to the limit," the International Energy Agency warned Friday, as it once again cut its global supply and demand forecasts amid the ongoing energy shock.
Oracle jumps 6% after reporting 30% revenue growth fueled by AI cloud demand
Oracle's shares jumped in premarket trading on Friday after it reported 30% revenue growth in its fiscal first quarter, fueled by strong demand for its cloud services and rapid data center expansion.
25 years after 9/11, the U.S. starts rolling back travel restrictions, from liquids to gate access
The Sept. 11, 2001, terror attacks reshaped how we travel, from how we pack our toiletries to what we wear when we fly. Airport checkpoints for almost a quarter century for most travelers have meant shoes off. Limitations on liquids. And no tearful, cinematic gateside farewells o...
Trump dismisses AI extinction risks as more than a dozen OpenAI, Anthropic insiders call for a slowdown
Trump said he isn't concerned AI could cause human extinction as researchers at leading AI companies warn about rapid advances and lawmakers propose safeguards.
Why fears of AI self-improvement are causing ‘existential’ concerns at Anthropic and OpenAI
AI researchers are warning that faster AI self-improvement could eventually make advanced systems harder for humans to control.
The oil shock is testing private credit borrowers already burdened by high debt costs
Oil near $100 could further squeeze leveraged private credit borrowers as investors weigh the risk that inflation could push interest rates higher again.
Further European rate hikes 'very much dependent' on energy costs, Bundesbank chief tells CNBC
Joachim Nagel told CNBC that a potential move in rates into restrictive territory was "very much dependent on how the energy prices evolve."
Treasury yields steady as traders await consumer inflation data amid oil price pressure
U.S. Treasurys steadied on Friday, as bond markets remained on edge after yields surged to multiyear highs during Thursday's session.
Iran-backed Houthis seize key port in Yemen, advance on another vital oil choke point
The advance raises the threat to shipping near the Bab el-Mandeb Strait, a waterway that connects the Red Sea to the Gulf of Aden to global markets.
U.S. diesel price tops $6 per gallon, a record high as Ukraine and Iran wars ripple through economy
U.S. diesel prices hit their highest level ever as fuel supply disruption stemming from the Ukraine and Iran wars lifts transportation costs.