A.I. is now the biggest spend for nearly 50% of top tech executives across the economy: CNBC survey
Close to half of CISOs and CTOs from pharma to utilities say AI is now their biggest spend, according to the latest CNBC Technology Executive Council survey.
Beijing sizzles with hot weather alert at highest level
Beijing upgraded its hot weather warning on Friday to “red”, the highest in its color-coded alert system, as many parts of the Chinese capital roasted.
Rich nations pledge to unlock hundreds of billions of dollars for climate fight
Multilateral development banks are expected to unlock $200 billion in extra firepower for emerging economies, leaders said at a summit in Paris.
European business activity slows in June as higher interest rates begin to bite
S&P Global’s Chris Williamson described the numbers as “worrying” as the euro zone’s flash composite PMI dropped to 50.3 in June.
Hong Kong stocks tumble almost 2%; Asia markets fall across the board
Asian markets are lower after a Wall Street tech rally and investors are monitoring inflation data out of Japan and Singapore.
CNBC Daily Open: Seeking shelter in tech
Investors have been lulled by a sense of security. But they’re not rudely returned to a world of continual rate hikes.
Siemens Energy shares plunge more than 37% as wind turbine worries deepen
Siemens Energy scrapped its 2023 profit outlook after a review of its wind turbine unit exposed problems deeper than expected.
Singapore kicks off the world’s first Olympic Esports Week
More than 100 athletes from around the world will be participating at the inaugural Olympic Esports Week in Singapore.
Check out this $110 million tech campus being built in Lithuania — the largest in Europe
The Tech Zity development is inspired by British renovation projects such as the Battersea Power Station and Tate Modern art gallery.
A.I. has a discrimination problem. In banking, the consequences can be severe
When it comes to banking and financial services, the problem of artificial intelligence amplifying existing human biases can be severe.
