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1.17136
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Gold
4688.74
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Real-time News
On May 14th, European Central Bank President Christine Lagarde stated that EU leaders must demonstrate courage and strengthen the EUs institutional foundations. In her speech, Lagarde emphasized the work done by her predecessor, Mario Draghi, in enhancing European competitiveness. She called on European leaders to implement Draghis recommendations and "break free from complacency." Lagarde and other ECB officials have repeatedly urged European governments to strengthen Europes economic and political foundations and enhance its autonomy. Last year, she stated that delaying measures to boost growth and allowing prosperity to continue to slip away was not only disappointing but also "irresponsible." Earlier this year, the ECB Governing Council called for "urgent collective action" to strengthen Europe, emphasizing the need to establish a savings and investment union, advance a digital euro, deepen the single market, introduce policies to promote innovation, and simplify legislation.Cisco (CSCO.O): Third-quarter product orders increased by 35% year-over-year, with growth in all regions and customer markets. Excluding orders from hyperscale cloud service providers, the growth rate was 19%. In the optical business, Acacias third-quarter orders exceeded $1 billion, representing triple-digit year-over-year growth.According to Business Insider, Amazon (AMZN.O) is laying off more employees this week, affecting its Selling Partner Services division.The China Earthquake Networks Center officially measured a 4.3-magnitude earthquake in Kuqa City, Aksu Prefecture, Xinjiang, at 04:37 on May 14, with a focal depth of 21 kilometers.On May 14th, according to foreign media reports, sources familiar with the matter said that Microsoft (MSFT.O) is seeking to acquire an artificial intelligence startup in preparation for reducing its dependence on its once crucial partner, OpenAI. The potential acquisition would help Microsoft build up its AI talent pool and advance its previously stated goal of creating an advanced AI model by next year. Sources said that this spring, Microsoft considered acquiring code generation startup Cursor, but ultimately abandoned the plan due to internal assessments suggesting the deal would be difficult to pass regulatory review because Microsoft owns GitHub Copilot. Microsoft is currently in talks with Inception, a small startup founded by a Stanford University team that focuses on developing large language models using a technology called "diffusion." Microsofts venture capital fund, M12, participated in Inceptions $50 million seed round in late 2025. Microsoft also faces strong competition from other tech giants in the bidding process, especially Elon Musks SpaceX. Sources indicated that SpaceX has also approached Inception.
