Business news

Exclusive-Anthropic warns AI may pose 'existential risks to humanity' in IPO filing

Sept 28 : Anthropic plans to caution potential investors in its IPO that advanced AI could pose "catastrophic or existential risks to humanity," an extraordinary warning by a company seeking to profit from the same technology.The company's IPO prospectus, reviewed by Reuters, highlights risks associated with

Exclusive-Anthropic leaders to control AI lab via 'Founder LLC' to promote public good over market forces

Sept 28 : Anthropic has long positioned itself as the virtuous AI company. An early look at its IPO filing shows how it is creating a new "Founder LLC" vehicle aimed at serving the common good, while insulating its leaders from market forces.The new LLC will be made up initially of Anthropic's seven co-found

Samsung Electronics commits $1 billion to KKR-backed Helix Digital AI buildout

Sept 29 : KKR-backed AI infrastructure company Helix Digital said on Tuesday that Samsung Electronics has committed $1 billion through its capital fund to support the company's global AI infrastructure buildout. Here are some details: • The commitment builds on more than $10 billion of capital alr

Anthropic's path from AI startup to industry-defining IPO

Sept 28 : Anthropic's IPO prospectus, reviewed by Reuters, laid out a sweeping vision in which AI would reshape the global economy more profoundly than industrialization, electricity and the internet, as the Claude maker moved closer to what could be the first listing by a frontier AI lab. Here is a look at t

Oceania

Australia's Megaport wins $687 million AI infrastructure deals, raises 2027 earnings forecast

Sept 29 : Australian IT firm Megaport said on Tuesday that it signed three new AI Infrastructure contracts with a combined value of A$978.6 million ($686.78 million) and upgraded its earnings forecast for 2027.Here are some more details:• The three contracts, all with unnamed customers, include GPU a

Exclusive-Anthropic's IPO prospectus shows sweeping AI vision, surging costs

Sept 28 : Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters.But the cost to get there will be staggering. Anthropic reported a net loss of $42 billion in 2025, and pl

Oceania

Meta taps Australia's Firmus for AI computing capacity in Southeast Asia

Sept 29 : Australia's Firmus said on Tuesday it had signed AI infrastructure agreements with Facebook parent Meta Platforms for graphics processing unit compute capacity at its data centre facilities in Southeast Asia.Here are some more details:• Under the deal, Firmus will provide contracted capacit

OpenAI shelves new AI model after internal safety tests, WSJ reports

Sept 28 : OpenAI is scrapping the release of GPT-6.1 Astra, a next-generation AI model planned for an October debut, over safety concerns raised by researchers during internal testing, the Wall Street Journal reported on Monday.The model, expected to appear in ChatGPT and Codex, was designed to handle more co

OpenAI shelves new AI model after internal safety tests: Report

OpenAI is scrapping the release of GPT-6.1 Astra, a next-generation AI model planned for an October debut, over safety concerns raised by researchers during internal testing, the Wall Street Journal reported on Monday (Sep 28).The model, expected to appear in ChatGPT and Codex, was designed to handle more com

Shrewsbury Food Hub gets grant to help with rising costs

The charity received a £60,000 grant, over three years, from Shrewsbury Town Council.

Chorley Apprentice star's pie shop closure prompts Burnham reply

Paul Bowen says a rise in employer's National Insurance was "the tipping edge" to him closing a pie shop.

Budget a 'step in the right direction' to help people in Jersey

The government releases its proposed budget with "targeted measures" to help families.

Channel Islands fuel prices set to rise again

The increases could mean mean diesel costing more than £2 per litre.

AMD acquires World Labs in $8.2 billion deal to bolster AI systems strategy

Sept 28 : Advanced Micro Devices said on Monday it would acquire Fei-Fei Li's AI startup World Labs in an all-stock deal valued at $8.2 billion, giving the chipmaker deeper access to research on AI systems that can understand and simulate the physical world.The deal gives AMD a foothold in AI-model research a

AMD to buy Fei-Fei Li's World Labs in $8.2 billion bet on 'physical AI'

Sept 28 : Advanced Micro Devices said on Monday it would acquire Fei-Fei Li's AI startup, World Labs, in an all-stock deal valued at $8.2 billion, a move that would give the chipmaker a foothold in research on physical AI systems that can understand and simulate the world.The acquisition gives AMD access to r

AMD to acquire Fei-Fei Li's World Labs in $8.2 billion deal

Sept 28 : Advanced Micro Devices said on Monday that it had entered an agreement to acquire Fei-Fei Li's World Labs startup in a deal valued at $8.2 billion.San Francisco-based World Labs, which raised $1 billion in a funding round earlier this year, develops spatial-intelligence models. Spatial intell

US ban on Canadian alcohol and dairy comes into effect as trade war drags on

It is the latest escalation in the Canada-US trade war after negotiations collapsed in late August, with no word on when talks may resume.

Asia

Japan's Nidec CEO Mitsuya Kishida to resign, Nikkei reports

Sept 29 : Japanese motor maker Nidec's president Mitsuya Kishida has decided to step down as CEO, the Nikkei business daily reported on Tuesday, based on information it obtained a day earlier.Kishida may submit his resignation as early as Tuesday, the report added.Here are some more details:•

NASA chief says Boeing Starliner parts to be redesigned for 2028 flight

Sept 28 : NASA chief Jared Isaacman said on Monday that parts of Boeing's Starliner spacecraft will be redesigned ahead of a crewed flight in 2028, and he added in a briefing that Starliner will fly up to five crewed missions to the International Space Station for NASA. Boeing has implemented fixes on Starli

Anthropic rolls out second Claude 5.5 model as it builds toward IPO

Sept 28 : Anthropic on Monday released Claude Sonnet 5.5, the second model in its Claude 5.5 family, as the AI lab expands its product lineup ahead of a planned IPO.Here are some more details:• Sonnet 5.5 is priced at $2 per million input tokens and $10 per million output tokens, unchanged from its p

Andy Burnham to unveil public body to invest in electricity grid

The prime minister will say he wants to reduce energy costs in his first conference speech as Labour leader.

Europe

Exclusive-Bridgepoint, Astorg consider £2 billion-plus Fenergo sale, sources say

LONDON, Sept 28 : Bridgepoint and Astorg are considering selling Fenergo as dealmaking in the sector picks up, three people familiar with the matter said, with one saying the Irish fintech could be valued at more than £2 billion ($2.7 billion).The private equity firms have held discussions with potential buy

Anthropic, OpenAI will not attend Australian senate AI hearing on October 1

Sept 28 : Anthropic will not appear before an Australian senate committee hearing on AI on October 1, a source familiar with the matter said, days after a disclosure that an agent from OpenAI gained unauthorized access to the country's health system database.The Claude-parent has sought another date, the pers

Europe

Aviva boss warns more homes will be uninsurable due to flood risk

Aviva boss Amanda Blanc said England was "for sure" building homes that might be uninsurable at some point in the future.