Google boss warns no company will be immune if AI bubble bursts

Google CEO Sundar Pichai warns no company will be immune if the AI bubble bursts amid soaring investments in artificial intelligence

SAN FRANCISCO — Every company, including tech giants like Google, could face consequences if the current artificial intelligence (AI) investment boom collapses, Sundar Pichai, chief executive of Google’s parent company Alphabet, told the BBC in an exclusive interview.  Pichai described the AI growth surge as an “extraordinary moment,” but cautioned that some “irrationality” had emerged … Read more

US launches $400 million fraud probe into telecom borrowers tied to BlackRock’s HPS

BlackRock headquarters exterior as U.S. investigators launch a $400 million fraud probe into telecom linked loans.

US prosecutors have launched an investigation into a group of telecom companies after BlackRock’s private credit arm reported it lent more than $400 million backed by what appear to be fabricated receivables, according to people familiar with the matter.  The $400 million fraud probe centers on entities connected to Bankim Brahmbhatt, a little known executive … Read more

Trump Affordability Message Faces Scrutiny as President Declares ‘Golden Age’

President Trump speaks at a Washington event as he addresses Trump affordability concerns amid rising consumer prices.

President Donald Trump sought to reassure voters that the United States is entering what he called a “golden age,” even as concerns over affordability continue to overshadow his economic message.  Speaking at a gathering of McDonald’s franchise owners in Washington, the president highlighted what he described as progress in lowering prices and easing regulations, but … Read more

Tesla Optimus robot could help solve surgeon shortages, Musk says

The Tesla Optimus robot performing a precise surgical procedure inside an operating room, using advanced robotic arms and sensors.

NEW YORK — Elon Musk set a sweeping new ambition for Tesla during an event in New York, stating the company’s Tesla Optimus robot could one day perform surgical procedures with precision comparable to human specialists.  Musk said the advancement might help address global shortages of skilled surgeons and expand access to high quality medical … Read more

Boeing nears partnership to bid for international T-7 trainer opportunity

Boeing T-7 trainer jet on runway preparing for international military training missions.

Dubai, United Arab Emirates — Boeing (BA.N) is close to announcing a strategic partnership to pursue an international sales opportunity for its T-7 advanced trainer, company executives said Sunday, highlighting rising global demand for lightweight military training jets. At a briefing ahead of the Dubai Airshow, Boeing officials confirmed the partnership announcement is expected within … Read more

Amazon Leo Rebrand Marks Shift Toward Commercial Satellite Internet Rollout

A realistic high-resolution satellite orbiting Earth, representing the Amazon Leo satellite internet network in low Earth orbit

Amazon has renamed its long running satellite internet program from Project Kuiper to Amazon Leo, marking what company officials described as a shift from experimental development to commercial readiness.  The announcement, made November 13, comes seven years after the initiative began as a small engineering effort focused on expanding global broadband access. Rajeev Badyal, vice … Read more

Trump bond purchases top $82 million as ethics filings show expanded investments

WASHINGTON — President Donald Trump made at least $82 million in bond acquisitions from late August to early October, according to newly released federal ethics filings that outline a surge in investment activity across corporate and municipal markets.  The documents, published Saturday by the US Office of Government Ethics, show more than 175 individual transactions … Read more

Iran tanker seizure confirmed in Strait of Hormuz amid rising maritime tensions

Iran tanker seizure in the Strait of Hormuz with crew and cargo details under investigation

Iran’s Islamic Revolutionary Guard Corps confirmed Friday that it had seized the Marshall Islands flagged tanker Talara in the Strait of Hormuz, a strategic waterway through which roughly one fifth of the world’s traded oil passes.  The vessel, which was en route from the United Arab Emirates to Singapore, was reportedly carrying high sulphur gasoil, … Read more