Alibaba plans AI model with 5 trillion to 10 trillion parameters, unveils new chip

AI could one day fight for its own “rights,” and Yuval Noah Harari says now is the time to make sure that doesn’t happen. The historian and author of “Sapiens” warned that, unlike animals in debates over their welfare, AI systems could make a highly persuasive case for their own rights. “It will know that…

(Bloomberg) — The New York Knicks’ championship year is proving to be a boon for Goldman Sachs Group Inc. The Knicks, which broke a 53-year drought to win the NBA championship in June, were together awarded more than $9 million, and star players often snag even more in sponsorship deals after such victories. That’s a…

Consumers rarely think about rewards until they fail to appear at the right moment. That simple reality is forcing banks and card issuers to reconsider whether loyalty programs still fit the way people shop, pay and expect value at checkout. For years, many rewards programs evolved through modest adjustments to points, miles or cash back…

Sebi on Monday revamped the registration process for mutual funds, introducing a consolidated application framework in a bid to streamline preliminary and final approvals while requiring prospective sponsors to make detailed disclosures on their financial strength, ownership, governance and regulatory track record. The framework comes under the Sebi (Mutual Funds) Regulations, 2026, which…

Short-term specialist finance lender SDKA has appointed Alex Swan as head of underwriting. Within the team, Chris Simpson, who has been with SDKA as an underwriter since March 2025, has been promoted to the vacated position of senior underwriter. Swan (pictured, right) joined the business in May 2023 as an underwriter and has moved…

Nordnet CEO Rasmus Järborg and ABGSC former chief executive Jonas Ström. Credit: Cision/ Nordnet AB/ABG Sundal Collier. ABG Sundal Collier (ABG SC) and Nordnet have announced plans to set up a jointly owned private banking company. A roll-out in Sweden is scheduled for 2027, pending regulatory clearance. Access deeper industry intelligence Experience unmatched clarity with…