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Wall Street Slides as OpenAI Misses Targets and Iran Conflict Disrupts Markets

Key Points: OpenAI missed its 1-billion-user goal, dragging down major tech and cloud computing stocks. President Donald Trump claimed Iran is in a state of collapse as the Strait of Hormuz remains closed. The Bank of Japan held its interest rate at 0.75% while warning about high oil prices. General Motors and Coca-Cola posted strong earnings, while UPS reported a 28% drop in profit. Wall...

Financial Regulators Fall Behind Banks in the Artificial Intelligence Race

Key Points: Financial firms currently adopt artificial intelligence technology at more than twice the rate of government regulators. Only 24 percent of financial authorities collect data on how banks use these new advanced systems. A massive 76 percent of the financial industry relies almost entirely on models built by OpenAI. Cybersecurity experts warn that new models like Anthropic's Mythos can easily exploit weaknesses in older...

Amazon Prepares for High Stakes Earnings Call Amid Massive Tech Spending

Key Points: Amazon will share its first-quarter earnings this Wednesday alongside massive tech rivals like Google and Microsoft. The company plans to spend $200 billion on artificial intelligence infrastructure this year alone. High gas prices pose a major problem for the shipping industry, potentially costing companies billions. Analysts expect Amazon to report $177.2 billion in total revenue and strong growth in its cloud computing division....