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OpenAI defends decision to fire researchers: 'These decisions were not about raising safety concerns or speaking out'
Source: CNBC
Original reporting
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BBC Business3 outlets
Everton owners consider selling club two years after takeover
Everton owners the Friedkin Group are exploring the sale of the club less than two years after taking control.
The Guardian
Oil prices fall as Trump pauses Iran attacks, China restarts fuel exports – business live
Brent crude prices fell on Friday as president Donald Trump promised not to attack Iran ahead of the US midterm elections in November Full story: Donald Trump has promised not to attack Iran before November’s US midterm elections, outlining a pause on the protracted war he has struggled to end after almost eight months. In a Truth Social post on Thursday, the US president said Washington was “having productive discussions with the Islamic Republic of Iran”, which he claimed was “in very bad condition, both Economically and Militarily”. Continue reading...
The Guardian2 outlets
OpenAI projected to bring in $20bn less in revenue than expected
Questions raised over AI growth as ChatGPT maker forecasts this year’s revenue at $50bn, way below the $70bn signalled before OpenAI has revealed that it is making about $20bn less in projected revenue than it had recently indicated to investors, raising questions about the break-neck growth rate in demand for AI. The ChatGPT-maker company has told investors that its revenues for this year would reach $50bn (£37bn), a projection based on sales up to the end of September. Continue reading...
BBC Business2 outlets
Nvidia-backed data centre firm scraps IPO as AI valuation concerns deepen
Firmus said it had made the decision due to "recent market volatility and prevailing market conditions".
CNBC
Tokenization could unleash tens of billions of dollars in trapped capital, Nasdaq CEO says
Nasdaq CEO Adena Friedman said tokenization could free up tens of billions of dollars in trapped capital.
CNBC
Ray Dalio warns the stock market's cushion against rising bond yields is shrinking
Ray Dalio says earnings have cushioned stocks from rising bond yields, but that buffer is shrinking as he warns free cash flow could weaken.