United States forces launched military strikes against Iran on Tuesday evening in retaliation for the downing of an American Army Apache helicopter, significantly escalating tensions in the Middle East and casting further doubt on prospects for a negotiated settlement between Washington and Tehran. U.S. Central Command (Centcom) said the operation was conducted in response to the helicopter inc
Anthropic has cleared its top-tier Mythos technology for general release through Claude Fable 5, betting that fresh safeguards can contain a capability it previously deemed too dangerous to share. Subscribers on Pro, Max, Team and Enterprise plans get Fable 5 free through 22 June, after which Anthropic will pull it and require usage credits until capacity expands, while business users face a ma
Microsoft has announced a brand new artificial intelligence (AI) model, a first of its kind for the company. The announcement came at the Build developer conferences, where the Copilot+ PCs were also notably missing, marking a move away from reliance on other artificial intelligence developers. The MAI-Code-1-Flash will seek to compete with the likes of Anthropic and OpenAI. It will produ
The United States trade deficit narrowed in April as record exports of petroleum products and capital goods outpaced import growth, providing a potential boost to economic growth in the second quarter. Data released by the Commerce Department's Bureau of Economic Analysis on Tuesday showed the trade gap contracted 1.2% to US$55.9 billion in April. March figures were revised lower, with the d
Super Nation is a fortnightly column that examines, explains and analyses key issues in one of Australia's largest, fastest-growing and most important industries: superannuation. If there is a widespread consensus across the super industry about the Compensation Scheme of Last Resort (CSLR), it is that they cannot agree on who should pay for it, as the cost continues to balloon. That is clea
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GSK plc has announced its largest acquisition in more than a decade with an agreement to buy U.S. cancer drug developer Nuvalent Inc for US$10.6 billion (A%15.1 billion). The British pharmaceutical giant said the all-cash transaction valued Boston-based Nuvalent at $124 per share, representing a 40% premium to the last closing price. Chief Executive Luke Miels said the acquisition was consis
United States existing-home sales rose sharply in May, reaching their highest level since December as improving affordability and stronger buyer activity helped support the housing market despite elevated mortgage rates. According to the National Association of Realtors' Existing-Home Sales report, sales increased 3.2% from April and were also up 3.2% compared with the same month a year earlier
Corning shares climbed 5.6% during Monday's United States session after the company announced a multibillion-dollar agreement with Amazon to supply optical fibre and networking technology for the technology giant's rapidly expanding artificial intelligence data centre network in the United States. Amazon is expected to spend billions of dollars over several years under the agreement, which will
Lululemon shares have taken a hit after a difficult quarter. The activewear giant released its latest earnings report at the end of last week, with revenue up but income down. While revenue was posted at US$2.47 billion, compared to $2.37 billion a year ago, the cost of goods sold had spiked up 14%, alongside a 12.4% increase in selling and general expenses for the company. The overall re
Another mega technology stock market listing in the United States has moved closer, with OpenAI confidentially submitting a draft registration statement to the United States Securities and Exchange Commission (SEC). The privately-owned maker of the ChatGPT chatbot joined the path followed by fellow artificial intelligence (AI) research company Anthropic, which last week also submitted a Form S-
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