Britain expands AI Safety Institute to San Francisco amid scrutiny over regulatory shortcomings
The U.K. said Monday it will open a U.S. counterpart to its AI Safety Summit, a state-backed body testing advanced AI systems, in San Francisco this summer.
UK stocks are outperforming the U.S. and one CIO says they look ‘very cheap’
The U.K. FTSE 100 is up around 11% over the last three months, while the broader FTSE 250 index is more than 9% higher.
European markets close slightly higher; Richemont up 5.3%
European markets closed slightly higher Monday, following positive momentum seen last week.
Putin says Iran’s Raisi was ‘true friend of Russia’, Ukraine and Russia exchange tit-for-tat strikes
A day of mourning has been declared in the northeast Kharkiv region on Monday after a popular leisure spot and several villages were attacked by Russian forces.
$9 billion travel tech firm Navan on track to hit profitability this year and ‘not far’ from IPO, CEO says
The boss of travel and expense management platform Navan told CNBC he’s preparing the company to get its business into shape for an IPO this year.
Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level
Dublin-based Ryanair said full-year profit after tax jumped 34% and announced a 700-million-euro share buyback program.
China sanctions Boeing, two U.S. defense contractors for Taiwan arms sales
Beijing has announced sanctions against Boeing and two other defense companies for arms sales to Taiwan, on the day of Taiwan’s presidential inauguration.
CNBC Daily Open: Dow at record high, Iran’s president dies in helicopter crash
Jan Leike, a part of OpenAI’s safety leadership team announced his departure, saying “safety culture and processes have taken a backseat to shiny products.”
Musk launches SpaceX’s Starlink internet services in Indonesia, says more investments could come
Musk said that he was “very excited” to bring internet services to areas with limited or no connectivity.
Saudi king to be treated for lung inflammation, state news agency says
Citing the royal court, the state news agency said the 88-year-old king would be treated with antibiotics until the inflammation subsides.
