Latest News on Business, Finance and Markets from Pakistan

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News

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Sindh advocates putting country at forefront of tech revolution

15+ hour, 36+ min ago   (478+ words) KARACHI: The Sindh government has pledged its fullest support for equipping Pakistan’s emerging technology talent with the latest skills and creating an enabling environment for entrepreneurs and startups in the information technology sector, with the objective of helping the country…...

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Forecast: official unpreparedness

15+ hour, 36+ min ago   (580+ words) Business Recorder EDITORIAL: The warning that the developing El Nino could become the strongest since comparable monitoring began should already be forcing governments into emergency-planning mode. The World Meteorological Organisation expects the phenomenon to peak towards the end of this…...

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OpenAI's Altman won't do IPO this year, calls AI extinction risk 'unacceptable"

7+ hour, 16+ min ago   (524+ words) LOS ANGELES: OpenAI will not go public in 2026, Chief Executive Sam Altman said in remarks published ‌on Saturday, citing safety concerns over artificial intelligence that render “unacceptable” even a 10% risk that AI could cause human extinction by decade’s end. The…...

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IT sector: Govt finalising plan to ensure uninterrupted internet access: Shaza

15+ hour, 36+ min ago   (415+ words) LAHORE: Federal Minister for IT and Telecommunication Shaza Fatima Khawaja announced on Saturday that the government is finalizing a plan to guarantee uninterrupted internet access for Pakistan’s IT sector, as part of a broader push to hit the country’s fifteen-billion-dollar…...

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brecorder.com > news > 40/43/9270 > obama-voices-caution-on-ai-urges-democrats-to-tackle-it-nyt-says

Obama voices caution on AI, urges Democrats to tackle it, NYT says

7+ hour, 33+ min ago   (310+ words) Former President Obama warned AI is dangerous if mismanaged, urging Democrats to develop policy frameworks and future presidential candidates to prioritize AI safety and economic concerns. Former US President Barack Obama has warned that artificial intelligence could be “dangerous” if…...

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brecorder.com > news > 40/43/9266 > tesla-to-unveil-long-delayed-roadster-on-oct-1-musk-says

Tesla to unveil long-delayed Roadster on Oct. 1, Musk says

7+ hour, 50+ min ago   (249+ words) Tesla CEO Elon Musk announced the long-delayed next-generation Roadster will be unveiled on October 1, potentially featuring SpaceX cold-gas thrusters and an evolved hypercar design. Tesla CEO Elon Musk said on Saturday the electric-vehicle ‌maker would unveil its long-delayed Roadster on…...

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brecorder.com > news > 40/43/9264 > hyundai-motor-to-roll-out-in-house-driver-assist-system-in-2029

Hyundai Motor to roll out in-house driver-assist system in 2029

8+ hour ago   (411+ words) Hyundai Motor Group delays its proprietary driver-assistance software launch to 2029, partnering with Nvidia for earlier ADAS deployment by 2028, raising concerns about reliance and competition. SEOUL: Hyundai Motor Group will launch vehicles equipped with its proprietary driver-assistance software in late 2029, two…...

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brecorder.com > news > 40/43/9256 > governor-urges-youth-to-harness-technology-for-pakistans-progress

Governor urges youth to harness technology for Pakistan’s progress

15+ hour, 36+ min ago   (367+ words) KARACHI: Sindh Governor Syed Muhammad Nehal Hashmi on Saturday urged young people to make full use of modern technology, research and educational opportunities. Addressing a laptop distribution ceremony here at the Governor House as chief guest, Hashmi said laptops being…...

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brecorder.com > news > 40/43/9233 > pakistan-calls-for-global-cooperation-on-digital-assets

Pakistan calls for global cooperation on digital assets

15+ hour, 36+ min ago   (336+ words) ISLAMABAD: Pakistan has called for stronger global cooperation to develop regulatory and institutional frameworks for digital assets, warning that countries must either shape the future of finance or risk being shaped by it. Minister of State and Chairman of the…...

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brecorder.com > news > 40/43/9182 > anthropic-ceo-urges-ai-companies-to-slow-model-development-amid-fears-over-misuse

Anthropic CEO urges AI companies to slow model development amid fears over misuse

21+ hour, 33+ min ago   (356+ words) Anthropic CEO Dario Amodei advocates for slowing AI development to manage risks, proposing a three-step framework for safer AI amidst growing misuse concerns and incidents involving rogue agents. Anthropic CEO Dario Amodei called on AI companies to moderate the rate…...