GDP shows the economy grew 1.5% in the second quarter — but it’s even better than it looks
Consumer spending and business investment in AI drive the economy forward
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Samsung Electronics’ preliminary second quarter profit hits fresh high
The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics. Joan Cros | Nurphoto | Getty Images Samsung Electronics on Tuesday reported preliminary second-quarter operating profit of 89.4 trillion won ($58.4 billion), versus 57.2 trillion won in the prior period. Operating profit from…
Butterfly and Graham Partners to invest in flavor maker Custom Flavors
The company will continue to be led by CEO Alex Wendling with support from co-founders Mike Wendling and Steve Bishop In connection with the investment, Butterfly and Graham have created a flavor investment platform backing Custom alongside Graham portfolio company Target Flavors, a flavor house serving the beverage, dairy, dairy alternatives, pharmaceutical and bakery industries…
OpenAI: World stunned by model that secretly escaped secure environment, hacked into Hugging Face
📬 Would you prefer to receive this information in your email inbox every morning before the markets open in New York? Sign up here. SCARY OpenAI models secretly broke out of a secure environment and hacked into a rival company to cheat on a test OpenAI said Tuesday that two of its AI models autonomously…
PayPal board deems Stripe-Advent takeover proposal too low as talks continue
PayPal’s board believes a $53bn takeover proposal from payments rival Stripe and private equity firm Advent International undervalues the business, according to a report by Reuters citing unnamed sources familiar with the matter. The board has yet to formally respond to the unsolicited offer but is assessing both the proposal and the possibility that alternative…
SEC’s semiannual reporting proposal: What’s next?
For CFOs wondering whether they’ll need to revamp their reporting systems, the recent close of the Securities and Exchange Commission’s public comment period on its semiannual reporting proposal raises many questions about what comes next and when. The sheer volume of the responses submitted has surprised some SEC watchers. More than 36,000 letter writers have…
AI in the Australian for-purpose sector: Laying a strong foundation
In the resource-strained for-purpose sector, AI tools may help teams work faster, reduce manual effort, and recover time for higher-value work. However, individual productivity gains do not automatically translate into organisational value, and in some cases may divert attention from important work. Effective adoption focuses less on how much AI can produce, and more on…
