Business

OpenAI Gives US Agencies 50% Off Models, Ending $1 Per Year Deal

OpenAI is ending a pilot program that allowed government agencies to use its models for only $1 per year and moving to a usage-based pricing system that will give federal workers access to the technology at a 50% discount from standard…

Apple makes biggest change to iPhone release cadence in 7 years in Ternus' first showcase as CEO

In John Ternus' first launch event as CEO, Apple announced its first foldable phone and the iPhone 18 Pro.

ECB raises interest rates to 2.5% amid warning Iran war is fuelling inflation

Borrowing costs soar in Europe and oil tops $105 a barrel as bank flags mounting price pressures in eurozone Business live – latest updates The European Central Bank has raised interest rates to 2.5% and warned that the risk of higher…

Amazon gives OpenAI's ad business a boost, letting its advertisers into ChatGPT

Amazon has been hesitant to open its sprawling webstore to external AI platforms.

Saudi Arabia steps up Silicon Valley push to build AI ecosystem

Saudi Arabia's communications minister, Abdullah Al-Swaha, is strengthening AI partnerships during meetings in Silicon Valley, targeting advancements in AI infrastructure, applications, and investments. Discussions included collaboration…

Grid-connected data center capacity in Russia reaches 5 GW

They are largely concentrated around the Moscow and St. Petersburg metropolitan areas

Chile Looks to Revitalize Quiet Backwater of Latin American Debt

Chile is allowing local pension funds to participate in repo and reverse-repo transactions for the first time, improving their liquidity management and cutting costs, while boosting trading volumes in a quiet backwater of the Latin…

Snap Launches Planning Feature to Make Meet-Ups With Friends

Snap Inc. launched new event-planning features enabling Snapchat users to organize gatherings with friends, send invitations and collect responses without leaving the app.

Wealthy investors seek oil and gas assets, but bargains are scarce

The Iran war and the AI boom have created a crowded market for mineral rights and other energy assets.

Oil Prices Surge as Fighting in Middle East Escalates

The cost of crude oil hit its highest levels in months, as investors worried about diminishing oil supplies after reports that the Iranian-backed Houthi militia had captured a port city in Yemen.

Hong Kong policy address to continue push helping local media go global

Hong Kong’s policy address next week will continue with measures to help local news outlets expand overseas and build global networks, the South China Morning Post has learned. A source said on Thursday that Chief Executive John Lee…

Bending Spoons to buy Miro in $1.36 billion cash deal