Category: Business
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Sam Altman says AI superintelligence could be just ‘a few thousand days’ away
[ad_1] OpenAI CEO Sam Altman says artificial intelligence could become smarter than humans sooner than many people expect. In a blog post on his personal site, Altman discussed what he’s calling the Intelligence Age and said “It is possible that we will have superintelligence in a few thousand days (!); it may take longer, but…
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Minister urges UK financial regulator to rethink ‘naming and shaming’ plan
[ad_1] The City minister has asked the financial watchdog to rethink plans to “name and shame” some firms it investigates, suggesting she could overrule them. Speaking at the fringes of the Labour party conference on Tuesday, Tulip Siddiq said she has held several meetings with the regulator, the Financial Conduct Authority, to question it about…
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Factbox-Most banks expect gold’s bull run to persist into 2025
[ad_1] (Reuters) – Major banks expect gold to extend its record-breaking price rally into 2025 because of a revival in large inflows to exchange-traded funds (ETFs) and expectations of additional interest rate cuts from prominent central banks around the world, including the U.S. Federal Reserve. “Strong physical demand from China and central banks supported gold…
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A deployed US Navy fuel ship suffered damage after apparently running into something in the Middle East
[ad_1] A US Navy fuel ship deployed to the Middle East suffered damage on Monday after apparently running into something. A Navy official told Business Insider on Tuesday that the replenishment oiler USNS Big Horn appears to have been involved in an “allision” in the Arabian Sea. An allision is a term for when a…
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Elon Musk dotes on far-right Italian PM Giorgia Meloni
[ad_1] Elon Musk offered effusive praise for Italian Premier Giorgia Meloni in brief remarks at an awards ceremony in New York, the latest sign of coziness between a billionaire who’s trying to get Donald Trump elected and a European leader at odds with her Group of Seven allies. Musk, bestowing an Atlantic Council Global Citizen…
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UK first-time buyers: would you borrow up to six times your earnings for a mortgage?
[ad_1] In what is a first for a major high street lender, Nationwide, Britain’s biggest building society, is allowing first-time buyers to borrow up to six times their income. From Tuesday, it would give new buyers the option of borrowing up to six times their income when taking out a five- or 10-year fixed rate…
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Prediction: This Stock Down 94% Will Soar With Lower Interest Rates
[ad_1] The S&P 500 rose last week after the Federal Reserve announced its first interest-rate cut in four years. Lower rates are meant to boost the economy and should result in more money changing hands and higher revenue for many struggling companies and industries. Opendoor Technologies (NASDAQ: OPEN) is a real estate technology company that…
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The Social Security curveballs making retirement even more confusing
[ad_1] Patrice Earnest, 66, expected to have much more money for retirement. But after her husband died, she checked her Social Security survivor benefits. The total: $0. “It’s absolutely stunning,” Earnest said. “My husband worked all his life since he was 16 bagging groceries, and that Social Security was something we had planned to have…
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UK interest rates will fall ‘gradually’, predicts Bank of England governor; China launches stimulus blitz – business live
[ad_1] BoE governor predicts UK interest rates will fall gradually Newsflash: The governor of the Bank of England has predicted that interest rates will fall “gradually”. In an interview with KentOnline, just published, Andrew Bailey said that “inflation has come down a long way” – it was 2.2% in August, just above the BoE’s target,…
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Rodial’s founder Maria Hatzistefanis failed to secure investment for her skincare brand
[ad_1] What would you do if you had a six-figure salary? Perhaps you’d never cook another meal again or indulge in a monthly Thai massage and a Soho House membership to unwind from the stress that comes with being at your A-game. Here at The Good Life you don’t have to imagine what life at…