Investing.com -- President Trump on Friday directed all federal agencies to immediately cease using Anthropic’s technology, following the AI company’s refusal to remove restrictions on military use of its products.
The President announced a six-month phase-out period for agencies currently using Anthropic’s technology, including the Department of War. Trump warned the company to cooperate during the transition or face civil and criminal consequences.
The directive... (continue reading...)
By Manya Saini
Feb 27 (Reuters) - Goldman Sachs' asset management arm has assured investors that the redemption rate at GS Credit remains well below that of its peers, setting it apart from turbulence in private credit sparked by concerns that AI could disrupt software companies.
In a letter to investors seen by Reuters on Friday, the Wall Street firm added that Goldman Sachs Private Credit Corp continued to see strong appetite, with... (continue reading...)
NEW YORK, Feb 27 (Reuters) - U.S. oil production fell for the second consecutive month in December to its lowest level since June last year, while demand reached a multi-month high, the Energy Information Administration said on Friday.
Crude oil output averaged 13.66 million barrels per day in December, down about 133,000 bpd from November, the EIA said. That was the largest month-over-month decline in U.S. oil output since January 2025, when... (continue reading...)
By Utkarsh Shetti, Manya Saini and Romolo Tosiani
Feb 27 (Reuters) - Jack Dorsey is not the first chief executive to say artificial intelligence will transform work. He may be among the first to act as if it already has - and to say so openly.
"Intelligence tools have changed what it means to build and run a company. We're already seeing it internally. A significantly smaller team using the tools can do more and do it better," Block CEO... (continue reading...)
By Saeed Azhar, Saqib Iqbal Ahmed and Matt Tracy
NEW YORK, Feb 27 (Reuters) - The $2 trillion private credit industry, which has expanded over the past decade from financing leveraged buyouts to areas banks dominated, is facing fresh strain from turmoil at Blue Owl Capital, a major private lender.
Sentiment was already hit by questions about valuation and transparency, and specific situations such as the bankruptcy of auto-parts supplier... (continue reading...)
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