OpenAI has discussed raising money from Saudi Arabia, Indian investors, The Information reports
June 11 (Reuters) - OpenAI has talked to Saudi's PIF, Indian conglomerate Reliance Industries (RELI.NS), opens new tab and existing shareholder United Arab Emirates' MGX about its $40 billion financing, The Information reported on Wednesday, citing people familiar with the fundraise.
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Quotes: Stocks, oil sell off as Israel strikes Iran
SINGAPORE, June 13 (Reuters) - Israel has begun carrying out strikes on Iran, two U.S. officials said, adding there was no U.S. assistance or involvement in the operation. The officials, who spoke on condition of anonymity, declined to provide further information. Financial markets reacted, with U.S. stock futures down more than 1%, oil prices jumping and U.S. Treasury prices up. QUOTES: KARL SCHAMOTTA, CHIEF MARKET STRATEGIST, CORPAY, TORONTO: "Traders are scurrying for safety as reports of a strike on Iran cross the wires, but details on the scale and magnitude of the attack remain scarce and moves have been relatively limited thus far." CHARU CHANANA, CHIEF INVESTMENT STRATEGIST, SAXO, SINGAPORE: "The geopolitical escalation adds another layer of uncertainty to already fragile sentiment. "The key question now is whether this marks a brief flare-up or the beginning of broader regional escalation. If the situation de-escalates quickly, markets may retrace some of the initial moves. But if tensions rise — particularly with any threat to oil supply routes — the risk-off mood could persist, keeping upward pressure on crude and haven assets."
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Boeing CEO cancels trip to Paris Airshow, GE postpones investor day after fatal crash
June 12 (Reuters) - Boeing and GE Aerospace (GE.N), opens new tab are scaling back their public activities following the fatal crash of an Air India jetliner, with the planemaker's CEO canceling his trip to the Paris Airshow next week and GE postponing an investor day. More than 240 people were killed when an Air India Boeing 787 jet bound for London crashed moments after taking off from the city of Ahmedabad on Thursday, authorities said, in the world's worst aviation disaster in a decade. Boeing CEO Kelly Ortberg said in a message to staff on Thursday evening that he and Boeing Commercial Airplanes boss Stephanie Pope had canceled plans to attend the Paris Airshow "so we can be with our team and focus on our customer and the investigation." The air show, which runs from June 16 to June 20 at Le Bourget, is the global aviation industry's largest trade show, where many aircraft orders are typically placed by airlines. Aircraft engine-maker GE Aerospace, whose engines were in the Boeing 787 plane, had planned an investor day on June 17 coinciding with the show. The company said on Thursday the briefing had been canceled and it would put a team together to go to India and analyze data from the crashed airplane. "GE Aerospace's senior leadership is focused on supporting our customers and the investigation," the company said in a statement. GE said it planned to give a financial update later this month. The decisions by Boeing and GE come as delegates said the crash is casting a somber mood over the Paris Airshow. One delegate said the show would go on and business would continue but with fewer of the high-profile press conferences and in-person announcements associated with the industry's biggest commercial showcase. Another said some order announcements could be delayed until later in the year as a mark of respect for victims of the accident.
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Trump to attend AI and energy summit in Pittsburgh
WASHINGTON, June 12 (Reuters) - U.S. President Donald Trump and executives from the tech and energy sectors will appear at an artificial intelligence and energy summit in Pittsburgh, Pennsylvania, on July 15, the office of the state's U.S. Senator Dave McCormick said on Thursday. McCormick's inaugural Pennsylvania Energy and Innovation Summit will be held at Carnegie Mellon University, his office said in a statement. Axios reported that tech executives like OpenAI CEO Sam Altman, Meta Platforms (META.O), opens new tab CEO Mark Zuckerberg, Microsoft (MSFT.O), opens new tab CEO Satya Nadella and Alphabet CEO (GOOGL.O), opens new tab Sundar Pichai were on the summit's guest list. Exxon Mobil (XOM.N), opens new tab CEO Darren Woods, Shell (SHEL.L), opens new tab CEO Wael Sawan and Chevron (CVX.N), opens new tab CEO Mike Wirth were also on that list, according to Axios. White House AI czar David Sacks, who is also expected to attend the summit, expressed concern earlier this week that regulating U.S. AI too tightly could stifle growth and cede the critical market to China. The comments indicated the Republican president's approach to AI could be centered on expanding markets abroad for U.S. AI chips and models. Democratic former President Joe Biden had emphasized policies that countered risks the chips could be diverted to China and used to bolster Beijing's military. A group of 40 state attorneys general, including Republicans from Ohio, Tennessee, Arkansas, Utah and Virginia and other states, have pushed back against Republican attempts to block states from regulating AI, saying states should develop and enforce common-sense regulation to protect consumers.
