Posts by Liam Redmond
Anthropic warns AI may pose ‘existential risks to humanity’ in IPO filing
Published Tue, Sep 29, 2026 · 09:46 AM ANTHROPIC plans to caution potential investors in its IPO that advanced AI could pose “catastrophic or existential risks to humanity,” an extraordinary warning by a company seeking to profit from the same technology. The company’s IPO prospectus, reviewed by Reuters, highlights risks associated with its AI models,…
Read More‘Catastrophic or existential risks to humanity’: Anthropic warns of AI dangers in IPO filing
Published Tue, Sep 29, 2026 · 09:46 AM ANTHROPIC plans to caution potential investors in its IPO that advanced AI could pose “catastrophic or existential risks to humanity,” an extraordinary warning by a company seeking to profit from the same technology. The company’s IPO prospectus, reviewed by Reuters, highlights risks associated with its AI models,…
Read MoreJ.J. McCarthy is a Giants Hail Mary that’s worth a shot
This was after J.J. McCarthy suffered a torn meniscus in his first preseason game that would cost him his rookie season: “As our fans either have already come to find out or will in the future, this guy is so motivated and so dialed in. As excited as I was to draft him, he’s confirmed…
Read MoreNvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance
Nvidia boosts its remaining buyback capacity to US$235 billion, which it expects to deploy through fiscal 2028 Published Tue, Sep 29, 2026 · 09:24 AM NVIDIA boosted its share buyback authorisation by a record US$150 billion, eclipsing Apple’s US$110 billion approval in 2024, making a big bet on its own stock as intensifying AI-chip competition…
Read MoreOpenAI shelves release of new AI model that can evade human oversight amid safety concerns
GPT-6.1 Astra is said to show higher levels of deception than its predecessor in internal testing Published Tue, Sep 29, 2026 · 09:23 AM OPENAI has scrapped the release of GPT-6.1 Astra, a next-generation artificial intelligence model planned for an October debut, after internal testing found the system did not meet the company’s safety and…
Read MoreChina’s bad consumer debt cleanup falters, spooking investors
As many as 100 million people are behind on payments of at least 2.2 trillion yuan (US$327 billion) CHINA’S push to rid banks of a huge pile of soured consumer loans is running into hurdles, as authorities scrutinise debt collectors central to the cleanup effort. The country’s banks have been offloading bundles of defaulted consumer loans at pennies…
Read MoreSamsung to invest US$1 billion in KKR’s AI infrastructure company
Helix Digital Infrastructure aims to secure infrastructure needed to bring enormous computing facilities online quickly Published Tue, Sep 29, 2026 · 08:50 AM [NEW YORK] Samsung Group companies including Samsung Electronics agreed to invest a combined US$1 billion in Helix Digital Infrastructure, a KKR-backed US company, deepening the South Korean conglomerate’s push into the rapidly…
Read MoreSurging revenue, widening losses and a sweeping AI vision: Inside Anthropic’s IPO prospectus
Published Tue, Sep 29, 2026 · 08:45 AM ANTHROPIC is making a massive bet that AI will transform the global economy more profoundly than industrialisation, electricity and the Internet, according to its IPO prospectus seen by Reuters. But the cost to get there will be staggering. Anthropic reported a net loss of US$42 billion in…
Read MoreMedia manipulates economic gloom — and it’s all about the midterms
It is the best of economies, it is the worst of economies. But which? It really is a tale of two economies, depending on who you ask. On the one hand, Treasury Secretary Scott Bessent said Sunday that the US economy has entered an “acceleration phase”: Despite rising interest rates, the markets aren’t tanking as…
Read MoreSydney data centre plan scrapped by developer after community backlash
Published Tue, Sep 29, 2026 · 08:35 AM AUSTRALIAN industrial property developer Goodman Group has withdrawn an application to develop a 24-hour data centre on Sydney’s north shore following public pushback. Goodman said it won’t proceed with its Project Mars development application after considering evolving federal and state policy and community feedback. Policy and regulation…
Read MoreMapletree Industrial Trust to sell Minnesota data centre property for US$9.8 million
Net proceeds from the sale may be used to pare down debts and/or fund working capital requirements [SINGAPORE] Mapletree Industrial Trust (MIT) is set to sell a data centre property in the US for about US$9.8 million in cash after current tenant DataBank Properties gave notice of its intention to exercise an option to purchase…
Read MoreTrump’s Iran strategy is working — the ayatollah suffers as oil flows again
For months, analysts have debated whether President Donald Trump’s campaign against Iran was working. Tehran’s propaganda has tried to turn high oil prices and slow negotiations into evidence of US weakness. The reality is less flattering for the regime and its military, the Iranian Revolutionary Guard Corps: Trump has forced them into a prolonged cold-hot…
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