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Microsoft targets Anthropic with new model releases
Software giant’s AI chief Mustafa Suleyman says focus is on developing products for business users
Microsoft and Google are late to AI coding, but 'absolutely critical' they compete for growth
In the booming generative AI market, Anthropic has zoomed ahead of the field, largely thanks to Claude Code, its AI coding assistant. Seeing where the money is, OpenAI shifted much of its focus from the consumer market to enterprise, where its Codex offering is going up against Claude Code. Now, Google and Microsoft are making a concerted effort to get into the game, using their massive balance sheets and expansive cloud businesses to try and lure developers.
Energy companies agree to pay to train workers and create green jobs in victory for unions
Energy companies agree to pay to train workers and create green jobs in victory for unions Developed with unions and business, the government’s Fair Work Charter requires offshore wind to boost workers' rights in clean energy, and developers will also be required to pay into a skills fund Energy workers across Britain are set for a skills and protections revolution after offshore wind supply chain companies and trade unions signed up to the government’s Fair Work Charter. Developed with...
Eli Lilly's top dealmaker says don't be surprised to see more M&A that pushes Lilly into new areas
Jacob Van Naarden is busy. In addition to running Eli Lilly's oncology business, he's now responsible for finding the drugmaker's next opportunities as head of business development. And Lilly, now the world's largest pharmaceutical company, is hungrier than ever for deals.
More Singapore developers embrace greener buildings as energy costs rise
More Singapore developers embrace greener buildings as energy costs rise From low-carbon building materials to district-wide cooling systems, developers are adopting new technologies and design strategies to reduce energy consumption and operating costs. SINGAPORE: More developers in Singapore are going beyond minimum sustainability requirements as rising energy costs strengthen the business case for greener buildings. Architects say private developers are increasingly pursuing higher...
Blackstone restricts flagship fund withdrawals as private asset fears reemerge
Blackstone is restricting withdrawals from its flagship Blackstone Private Credit (BCRED) fund following a spike in investor redemption requests. The asset management giant capped investor withdrawals from the $79 billion non-traded business development company at 5% of shares, after redemption requests hit 10%, or about $4.5 billion, during the second quarter. Shares in Blackstone were up 1.6% in premarket trade Thursday.
Hong Kong pitches Northern Metropolis as ASEAN gateway to Greater Bay Area
Hong Kong pitches Northern Metropolis as ASEAN gateway to Greater Bay Area - Delegation of diplomats and business leaders explores how the mega-development could provide Southeast Asian firms with opportunities across southern China [The content of this article has been produced by our advertising partner.] Hong Kong is stepping up efforts to position the Northern Metropolis as a platform connecting ASEAN businesses with opportunities across the Greater Bay Area, as diplomats, chamber...
Vingroup’s 1,000% Surge Tests Limits of Vietnam’s Market Boom
Villas at the Vinhomes Ocean Park development in Hanoi. Photographer: Linh Pham/Bloomberg
Brussels orders Meta to open WhatsApp to rival AI agents
Emergency measures signal EU efforts to intervene over rapidly developing market for autonomous agents
Nvidia’s Huang said Marvell could join the trillion-dollar club — and the stock immediately surges
Nvidia CEO Jensen Huang called the semiconductor company “so essential” to the development of artificial intelligence.