Homechevron_rightArchiveschevron_rightBusiness and Economy

Archives

Explore Stories by Date

27 Oct 2025

LSEG and Anthropic Partner to Enhance AI-Powered Financial Data Access

London Stock Exchange Group (LSEG) collaborates with AI startup Anthropic to provide Claude users access to licensed financial data. This partnership aims to revolutionize financial analysis by integrating LSEG's trusted data with Anthropic's AI capabilities.

2 Sources

Meta Reshuffles AI Leadership: Vishal Shah Appointed to Key Role

Mark Zuckerberg appoints longtime Meta executive Vishal Shah to a crucial position in the company's AI team, signaling a strategic shift in Meta's AI efforts amidst intense competition in the field.

2 Sources

OpenAI Urges U.S. Government to Boost Energy Capacity for AI Dominance

OpenAI calls on the U.S. to significantly increase power generation capacity, describing electricity as a 'strategic asset' in the AI race against China. The company emphasizes the need for urgent action to maintain America's leadership in AI development.

4 Sources

MiniMax-M2: The New Open-Source AI Powerhouse Challenging Proprietary Models

MiniMax-M2, a newly released open-source AI model, is making waves in the AI community with its impressive performance in coding and agentic tasks, rivaling proprietary models while offering cost-efficiency and enterprise-friendly licensing.

2 Sources

Fitbit Unveils AI-Powered Health Coach in Major App Overhaul

Google's Fitbit launches a revamped app with a Gemini AI-powered health coach, offering personalized fitness, sleep, and wellness guidance to Premium subscribers.

15 Sources

AMD Strengthens AI Position with $3B Sale of ZT Systems Manufacturing to Sanmina

AMD has sold ZT Systems' manufacturing unit to Sanmina for $3 billion, retaining the design and customer enablement teams. This strategic move aims to enhance AMD's AI infrastructure capabilities and challenge Nvidia's market dominance.

2 Sources

Anthropic Embeds Claude AI Directly into Microsoft Excel with Real-Time Financial Data Access

Anthropic launches Claude for Excel integration allowing financial professionals to interact with AI directly within spreadsheets, while adding seven new market data connectors and six finance-focused Agent Skills to strengthen its position in the financial services sector.

6 Sources

Mercor Secures $350M Series C, Skyrocketing to $10B Valuation in AI Expert Marketplace

AI startup Mercor raises $350 million in Series C funding, reaching a $10 billion valuation. The company pivoted from AI-driven hiring to connecting AI labs with domain experts for model training.

2 Sources

AMD and US Department of Energy Forge $1 Billion AI Supercomputer Partnership

AMD partners with the US Department of Energy in a $1 billion deal to build two advanced AI supercomputers, Lux and Discovery, at Oak Ridge National Laboratory. These systems aim to accelerate research in energy, medicine, and national security.

13 Sources

Qualcomm Challenges Nvidia with New AI Chips for Data Centers

Qualcomm announces its entry into the data center AI market with two new chips, the AI200 and AI250, set to launch in 2026 and 2027. This move marks a significant shift for the company, known primarily for mobile processors, as it aims to compete with industry leaders like Nvidia and AMD.

28 Sources

PayPal and Mastercard Partner to Revolutionize AI-Driven Commerce

PayPal integrates Mastercard's Agent Pay technology into its wallet, paving the way for AI-driven commerce. The partnership aims to enable secure, AI-initiated payments and transform the shopping experience for millions of consumers and merchants globally.

2 Sources

Agentic AI: The Next Frontier in Commerce and Finance

Agentic AI is set to revolutionize commerce and finance, offering autonomous shopping experiences, enhanced fraud prevention, and new interaction models for businesses. This technology promises to reshape consumer behavior, merchant strategies, and financial operations.

3 Sources

OpenAI's Controversial Plan: Turning ChatGPT Conversations into Billion-Dollar Ad Revenue

OpenAI is reportedly developing an advertising infrastructure for ChatGPT, aiming to leverage user data and conversation history for targeted ads. This move could generate billions in revenue but raises significant privacy and ethical concerns.

2 Sources

NVIDIA's Strategic Shift: GTC Debuts in Washington, Bridging AI Innovation and Policy

NVIDIA hosts its first-ever GPU Technology Conference (GTC) in Washington, D.C., signaling a strategic move to influence AI policy and national technological leadership. CEO Jensen Huang's keynote is expected to address AI's transformative power and its impact on America's global competitiveness.

3 Sources

Reliance Industries' $15 Billion AI Gambit: Transforming from Oil to Artificial Intelligence

Mukesh Ambani's Reliance Industries is investing $12-15 billion in AI infrastructure, including a 1-gigawatt data center. This strategic pivot could potentially value Reliance's AI vertical at $30 billion by 2027, marking a significant shift from petroleum to processing power.

3 Sources

Get all updates into your inbox 💌, Stay Up-to-date for Free 🥳

Your Daily Dose of Curated AI News

Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Spend less time searching for the latest in AI and get straight to action.

The Outpost

News

About