Arkib Harian: September 18, 2023

Wall St set for lower open as chipmakers, growth stocks fall

Wall St set for lower open as chipmakers growth stocks

WALL Street’s main indexes were on course for a weak open on Monday as shares of chipmakers and other megacap growth companies declined, while traders awaited a widely expected pause in interest rate hikes by the Federal Reserve this week. A rise in U.S. Treasury yields on uncertainty around interest-rate …

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Cape EMS to acquire US-based iConn Inc for approximately RM76.6mil

Cape EMS to acquire US based iConn Inc for approximately RM766mil

KUALA LUMPUR: Cape EMS Bhd is acquiring 50,072 common stock in the United States (US)-based company iConn Inc, representing all the issued capital stock worth approximately RM76.6 million. The company has entered into a conditional stock purchase agreement with several parties, namely Hidirlar Family Trust trustees, Rabia Hidirlar Investment Trust …

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UK focuses on transparency and access with new AI principles

UK focuses on transparency and access with new AI principles

LONDON (Reuters) -Britain set out principles designed to prevent generative AI models like ChatGPT from being dominated by a handful of major tech companies to the detriment of consumers and businesses, by emphasising the need for accountability and transparency. Britain’s anti-trust regulator, the Competition and Markets Authority (CMA), is, like …

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