OpenAI’s Newest Model Triggers a ‘Critical’ Warning
‘It’s important to be transparent’: Citing potentially alarming cybersecurity risks, the ChatGPT maker has paused the launch of Astra, its next-generation autonomous AI agent.
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Anthropic’s Historic $1.5B Copyright Settlement Gets Judge’s OK
Anthropic is set to pay a landmark $1.5 billion copyright violation settlement, Reuters reported Monday (June 20). U.S. District Judge Araceli Martinez-Olguin approved the settlement, believed to be the largest such award in a copyright case in the United States, the report said. A class action lawsuit had been brought by a group of authors…
U.S. Rig Count Edges Higher
The U.S. rig count was little changed this week, with the total number of active rigs rising by 1 to 588. Oil rigs increased by 1, while natural gas and miscellaneous rigs were unchanged. Compared with a year ago, the total rig count is 48 rigs higher, led by a **41-rig increase in oil drilling….
NATO members reaffirm commitment to reduce barriers to defence trade
At the 2026 NATO Summit, members announced new defence procurement deals and reaffirmed commitments to reducing barriers to defence trade. The Summit also saw Türkiye advance trade talks with fellow NATO members and call for greater access to allied defence markets. The agreements aim to expand joint manufacturing and strengthen defence industrial cooperation across the…
Goldman gobbles up credit options
Goldman gobbles up credit options – Risk.net Skip to main content End of drawer navigation content Counterparty Radar: Q1 surge comes as US mutual funds and life insurers pile into index CDSs Goldman Sachs was the counterparty to almost half of the $47.7 billion in credit options reported by US mutual funds and exchange-traded funds…
McDonald’s Profit Beats Estimates But US Sales Growth Stalls
Wall Street loves McDonald’s. But its CEO isn’t celebrating with a Happy Meal. The chain earned $2.36 billion in the second quarter, beating Wall Street’s adjusted earnings estimate, but same-store sales in the U.S. grew only 0.8%, a steep drop from last year’s 2.5% increase, AP reports. CEO Chris Kempczinski said the company’s strategy wasn’t…
Fidelis Capital names Herb Achey as partner
Achey has worked with ultra-high-net-worth individuals, multi-generational families and family offices for more than 45 years. Credit: metamorworks/ Shutterstock.com. Fidelis Capital has appointed Herb Achey, formerly of U.S. Trust / Bank of America Private Bank, as a partner. Achey joins after a 30-year career at U.S. Trust / Bank of America Private Bank, where he…
