Biotech firm Metagenomi said it is using artificial intelligence chips from Amazon.com's cloud computing unit to power some of its work in developing gene-editing technologies. ...

Britain on Wednesday moved to loosen the grip of Apple and Google in smartphones by designating them as having "strategic market status", giving it the powers to demand the tech giants make specific c... ...

Core Insights - U.S. banks' loans to private credit providers have reached nearly $300 billion, indicating a significant increase in lending activity in this sector [1] Group 1: Loan Growth - The surge in loans to private credit providers highlights a growing trend among U.S. banks to engage more with alternative lending sources [1] - Moody's report suggests that this increase in lending could pose risks, particularly for smaller lenders who may not have the same level of capital or risk management capabilities [1] Group 2: Risk Assessment - The ratings agency warns that smaller lenders could face heightened risks due to their exposure to the growing private credit market [1]

Core Insights - Amphenol forecasts fourth-quarter results that exceed Wall Street estimates, driven by strong demand for products such as cables, sensors, and antennas [1] Group 1 - The company's shares increased by 9% following the announcement of the positive forecast [1]

Core Insights - Applied Digital signed a $5 billion lease with a U.S.-based hyperscaler for 200 MW at its Polaris Forge 2 campus in North Dakota, resulting in a 4% increase in its shares during premarket trading [1] Company Summary - The lease agreement is significant, indicating strong demand for data center capacity and services [1] - The Polaris Forge 2 campus is positioned to support the growing needs of hyperscale cloud providers [1] Industry Implications - The deal reflects the ongoing expansion in the data center industry, particularly driven by hyperscale operators [1] - The investment highlights the competitive landscape among data center providers to secure large-scale leases [1]

The Federal Reserve has shown other U.S. regulators the outlines of a revised plan that would dramatically relax a Biden-era bank capital proposal for Wall Street's largest lenders, Bloomberg News reported on Wednesday, citing people familiar with the matter. ...

Core Insights - Meta is reducing its workforce by approximately 600 positions within its Superintelligence Labs, which is part of its artificial intelligence unit [1] Company Actions - The layoffs are part of a broader restructuring effort within the Superintelligence Labs [1] - The total number of roles affected is several thousand, indicating a significant scale of operations within this unit [1]

Core Viewpoint - Apple faces a complaint from two civil rights groups to EU antitrust regulators regarding its App Store and device terms, alleging violations of significant regulations aimed at promoting competition and consumer rights [1] Group 1: Complaint Details - The complaint was filed on Wednesday, highlighting concerns over Apple's App Store practices [1] - The civil rights groups argue that Apple's terms and conditions may breach landmark rules designed to ensure fair competition [1] Group 2: Regulatory Context - The complaint is part of a broader scrutiny of major tech companies by EU regulators, focusing on antitrust issues [1] - This action reflects ongoing tensions between large technology firms and regulatory bodies aiming to enforce stricter competition laws [1]

Northern Trust beat Wall Street expectations for third-quarter profit on Wednesday as it earned higher fees after rallying markets boosted the value of its underlying assets. ...

Germany's Thyssenkrupp will start giving India's Jindal Steel International more access to financial details of its Thyssenkrupp Steel Europe (TKSE) business from next week, two people familiar with t... ...