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Financial stability risks are rising as AI fuels cyber-attacks, IMF warns; oil below $100 on Iran peace hopes – as it happened

Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which […]

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Musk vs. OpenAI trial: Shivon Zilis testifies Musk wanted Tesla to take over OpenAI

In the second week of the trial pitting Elon Musk against OpenAI CEO Sam Altman, former board member Shivon Zilis took the stand before judge and jury. Zilis is romantically involved with Musk as he is the father of her four children. In this edition, we look back at what pushed the tech magnate to

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Shivon Zilis, mother of four of Elon Musk’s children, testifies in OpenAI trial

Zilis, an executive at Musk’s brain implant startup Neuralink, served on OpenAI’s board from 2020 to 2023Shivon Zilis, a Neuralink executive and the mother of four of Elon Musk’s children, took the stand on Wednesday as one of the most highly anticipated witnesses in Musk’s case against OpenAI. The ChatGPT maker has argued that, while

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Samsung Electronics reaches $1 trillion market cap thanks to surging demand for AI chips

The world’s largest maker of memory chips, South Korea’s Samsung Electronics, has seen its valuation reach $1 trillion this Wednesday. The company’s profits have soared thanks to strong demand for the chips used to power artificial intelligence systems. Also in this edition: French oil major TotalEnergies says it will have to scrap caps on fuel

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‘RAMageddon’: is the era of cheap phones and laptops over?

Bargains are disappearing and the cost of gadgets such as MacBooks and PS5s is rising as AI competes for memory chipsThe end of the cheap laptop, the bargain phone and affordable games consoles may be on the horizon. Not because new models are more hi-tech, but because the cost of computer components has shot up.Recently,

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