US Treasury Secretary Scott Bessent emphasized the need for the US to develop more open-source AI models to compete with Chinese firms, which often use a process called distillation to build advanced AI from US closed-source models. He warned that relying on large AI labs without open models could hinder innovation and suggested that fostering open-source AI would reduce dependence on Chinese models. This comes amid ongoing discussions on AI regulation, with US tech companies advocating for open models to accelerate innovation and improve cybersecurity. The Trump administration's voluntary AI framework currently exempts open-source models from pre-release security reviews, focusing instead on proprietary closed models.
US Treasury Secretary Scott Bessent's call for more open-source AI models comes as 50 of 150 priced Technology-sector US stocks on Pluang rose while 99 fell. Notable movers include Five9 Inc with a 5.67% gain to USD 33.55, TeraWulf Inc down 5.95% to USD 14.55, and Hut 8 Corp down 5.08% to USD 86.50. This market snapshot is as of Sep 16, 2026 02:41 WIB.
ISS A/S is actively executing its share buyback programme announced in February 2026, aiming to redistribute excess cash to shareholders by reducing share capital and fulfilling share-based incentive obligations. The company has repurchased shares wo...
Investec Bank plc, acting as joint broker to Gamma Communications Plc, disclosed its share transactions on October 9, 2026. The bank purchased 150,000 ordinary shares at prices between 1092.5 and 1094, while selling 167,967 shares at prices between 1...
Investec Bank Plc, acting as joint broker to SThree Plc, disclosed transactions involving the purchase and sale of 74,820 ordinary shares on October 9, 2026. The shares were traded at prices between 307.5 and 308.5 per unit. There were no derivative ...
Investec Bank plc, acting as advisor and broker to Gooch & Housego plc, disclosed the sale of 2,386 ordinary shares at a price of 1,230 per share on October 9, 2026. There were no derivative transactions or other dealing arrangements reported. This t...
FLSmidth & Co. A/S continued its share buy-back program initiated in May 2026, repurchasing 48,000 shares between October 5 and 8, 2026, at an average price ranging from DKK 548.31 to DKK 572.56 per share. The total value of shares bought back in thi...
