Meta opens Muse Spark model weights to developers
The coding and AI-agent model has 816 billion parameters, with 42 billion active at any one time, Meta said.
Globe And Street: global business and finance news
Tech
Volvo broadens Nvidia partnership to upgrade automated driving
The first vehicle using the new technology is due within the decade, but Volvo has not named the model or disclosed the partnership's value.
Markets
Dollar slips from 18-month high as Treasuries rally
Traders put the chance of unchanged Fed rates in October at 73%, as officials signaled they could wait for greater clarity despite strong inflation data.
- WorldEU-China agreement limits hybrid car exports and eases rare earths licensing
- MarketsDollar slips from 18-month high as Treasuries rally
- Economy & PolicyBOJ's Koeda urges timely rate increases as inflation risks persist
- CompaniesAnthropic posts $16.8 billion quarterly revenue ahead of planned IPO
- IPO & DealsProofpoint agrees to acquire Varonis for about $6.3 billion
- Energy & CommoditiesOil prices decline as investors assess sanctions relief and shipping attacks
- Crypto & Digital AssetsFrench lawmakers back crypto exit tax, but budget hurdle remains
- FinanceSEC proposes restoring most fixed-income cross trades for registered funds
- TechMeta opens Muse Spark model weights to developers
EU-China agreement limits hybrid car exports and eases rare earths licensing
The deal allows 350,000 Chinese hybrid cars into the EU annually under quotas, as officials question whether concessions will slow work on stronger trade defenses.
South Korea's Kospi triggers trading halt as Asian tech stocks fall
US inflation reached 3.7% in September, exceeding forecasts and prompting traders to increase bets on a Federal Reserve rate hike.
BOJ's Koeda urges timely rate increases as inflation risks persist
The board member said financial conditions remain accommodative and rising wages point to more durable progress toward sustained inflation.
Anthropic posts $16.8 billion quarterly revenue ahead of planned IPO
An investor said revenue rose 45% from the preceding quarter and Anthropic reported an adjusted profit as it seeks a valuation above $2 trillion.
Proofpoint agrees to acquire Varonis for about $6.3 billion
Varonis shareholders are to receive $49.75 a share in cash, a 52% premium to the stock's June 22 closing price, the companies said.
Oil prices decline as investors assess sanctions relief and shipping attacks
Brent dropped to $104.67 a barrel as Washington considered allowing sanctioned vessels to transport legally traded oil.
French lawmakers back crypto exit tax, but budget hurdle remains
Committee proposals would cover crypto holdings above €800,000 and require disclosure of some self-custody wallets. They must be resubmitted after a budget vote.
SEC proposes restoring most fixed-income cross trades for registered funds
The proposal would revise pricing and oversight requirements and add aggregate reporting of trading activity.
Anthropic gives METR employee-like access for AI safety reviews
Six METR staff have access comparable to Anthropic’s risk assessment teams, but customer data and model architecture remain excluded.