Alibaba, Baidu begin using own chips to train AI models, The Information reports

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Ray Dalio suggests gold as shield for US markets at risk of heart attack

LONDON (Reuters) – Bridgewater founder and the firm’s former CEO Ray Dalio says gold might be a way to shield investors from unhealthy markets, overburdened with debt.Dalio warned that as the U.S. spends more to service its debts, this “squeezes out other spending” and builds up as plaque would in a clogg …

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JPMorgan to ramp up corporate banking hiring in Asia Pacific growth push

SINGAPORE (Reuters) -JPMorgan Chase is accelerating hiring across its corporate banking business in the Asia Pacific region and aims to increase headcount by 20% next year as part of a regional growth push, senior executives told Reuters.JPMorgan, the largest U.S. bank, has already bumped up its staffing leve …

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Deere & Co Brazil sales could fall amid global trade tensions, executive says

SAO PAULO (Reuters) – Global agricultural machinery manufacturer Deere & Co.’s sales in Brazil could fall by a single-digit percentage in 2026 amid global uncertainties related to U.S. President Donald Trump’s tariffs and high interest rates in the South American country, an executive said on Thursday.ÂÂ …

Alibaba, Baidu begin using own chips to train AI models, The Information reports

Alibaba has been using its own chips for smaller AI models since early this year, while Baidu is experimenting with training new versions of its Ernie AI model using its Kunlun P800 chip, the report said. Alibaba and Baidu did not immediately respond to Reuters requests for comment. The move is a significant …

Capital One sues FDIC for overcharge related to two bank failures

(Reuters) -Capital One sued the Federal Deposit Insurance Corporation, accusing the U.S. regulator of imposing an excessive $474.1 million special assessment to recoup losses to its deposit insurance fund following the collapses of Silicon Valley Bank and Signature Bank in 2023.According to a complaint filed …

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