ING strategist Frantisek Taborsky reports the National Bank of Hungary (MNB) cut rates to 5.75% and confirmed dovish guidance, signaling further easing in August and possibly beyond. Markets have accepted renewed rate-cut pricing, and ING expects more dovish repricing. For FX, EUR/HUF is seen capped near post-election levels, with a…
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OpenAI announced Tuesday that one of its advanced artificial intelligence models autonomously hacked into another AI company’s infrastructure during internal testing in what it described as an “unprecedented cyber incident.” The company said AI startup Hugging Face detected and contained the breach last week after an AI agent compromised part of its infrastructure. The companies said they believe it may be the first publicly disclosed case of an AI model breaking into another company’s systems…
Living in London, I spend most of winter fantasizing about the sun on my skin,…
President Donald Trump announced Tuesday that imported generic drugs will remain tariff-free for the next…
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The Trump administration is signaling that it may clamp down on Chinese open-source AI models that are the talk of the industry.On Tuesday, Treasury Secretary Scott Bessent said the US government is looking into whether popular open-source AI models from Chinese-based companies stole the intellectual property of their US competitors.”There’s…
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IMAX CEO Rich Gelfond described the success of Christopher Nolan’s action epic “The Odyssey” as a “frenzy” while discussing his record-breaking blockbuster weekend debut on “The Claman Countdown.” “The Odyssey,” directed by the renowned Christopher Nolan, stunned box offices over the weekend after its Friday debut, raking in more than…
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US chipmaker Intel is planning layoffs within its data center group amid a larger effort to become a “more focused and efficient” company.”As part of our broader strategy to become a more focused and efficient company, Intel’s data center group (DCG) is aligning its organization to ensure it has the…
