The Bank of England (BoE) is expected to keep its interest rate unchanged at 3.75% at its July 30 monetary policy meeting, according to a Reuters poll of 70 economists. None of the respondents expects a change in interest rates at next week’s meeting.The Reuters survey also showed that the…
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Elon Musk says one of his biggest efforts to slow the concentration of AI power may have had the opposite effect.Speaking to Zanny Minton Beddoes, The Economist’s editor in chief, the xAI founder said he originally helped create OpenAI as “essentially a counterweight to Google” when the tech giant “had more or less a monopoly on AI,” but it did not go as he had expected.”In creating OpenAI and then having Anthropic spin out of…
The GBP/USD pair recovers some lost ground to near 1.3325, snapping the five-day losing streak…
How could this happen? How could so many socialist and openly Marxist candidates be winning…
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AMD is making a bet about the future of AI: one chip shouldn’t rule them all.CEO Lisa Su announced Thursday that AMD is teaming up with chip startup Cerebras on a new approach to AI inference, which is the process of generating responses from AI models.Increasingly, chipmakers are pursuing “disaggregated…
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Mortgage rates rose again this week and reached the highest level in nearly a year, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey showed the average interest rate on the benchmark 30-year fixed mortgage rose to 6.58% this week, up from 6.55% last week.This…
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Not long ago, Intel looked like a fallen giant. Now, the chipmaker has posted its “strongest revenue growth in more than fifteen years,” CEO Lip-Bu Tan said Thursday.The company’s second-quarter results sent shares up more than 11% in after-hours trading.The company reported revenue of $16.1 billion, up 25% from a…
