Business

World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds

The world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an “unfathomable” increase in investment locking in years more of coal, oil and gas production as the...

OpenAI confidentially files for initial public offering on US stock market

OpenAI has filed confidentially to go public on the US stock market, according to a company blogpost published on Monday. The artificial intelligence giant’s debut on Wall Street is expected to be...

OpenAI Confidentially Files for IPO on the Heels of SpaceX and Anthropic

OpenAI has filed confidential paperwork for an initial public offering, the company announced on Monday, kicking off what could be a monthslong process toward debuting on a US stock exchange. The move...

Polymarket and Kalshi Say Influencer Partners Can’t Deny Election Results, Actually

As the United States heads into an especially contentious midterm election season, prediction markets have already run into trouble with the political commentators they pay to promote their platforms. Both Kalshi and...

The UK Is Betting on a Billion-Dollar AI Supercomputer to Kick Its Addiction to US Tech

The UK government has laid out a $1.47 billion plan to shake its dependence on foreign-made artificial intelligence hardware. Under the measures, announced Monday, the UK will spend more than $1 billion on...

Meta Deletes Face-Recognition System From Its Smart Glasses App After WIRED Report

One day after WIRED revealed that Meta had quietly embedded an unreleased face-recognition system into an app installed on more than 50 million phones, the company removed it, according to a WIRED...

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