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OpenAI files for US IPO after Anthropic as AI giants head to public markets

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OpenAI did not disclose size or terms of offering, and said timeline has ‌not yet been determined The case illustrates the power of AI technology to damage reputations and shape public opinion long before the facts have emerged.. PHOTO: REUTERS ChatGPT maker OpenAI confidentially filed for a US initial public offering recently, the company said on … Read more

Parliamentary affairs minister says budget likely to be presented on June 12

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[ Says summaries have been sent for convening sessions of both houses of Parliament on June 10 Minister for Parliamentary Affairs Dr Tariq Fazal Chaudhry. Photo: Radio Pakistan Parliamentary Affairs Minister Tariq Fazal Chaudhry on Tuesday said that summaries had been sent for convening sessions of both houses of Parliament on June 10, ahead of … Read more

PMEX to transform commodity trade

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[ KARACHI: Pakistan Mercantile Exchange (PMEX), the country’s only regulated commodity futures exchange, is positioning itself as more than a platform for investors to trade gold, currencies and other commodities. The exchange has the potential to transform fragmented physical markets into organised and efficient systems that support production, consumption, investment and economic growth while reducing … Read more

Outdoor hospitals, cut-off communities as Philippine quake toll hits 41

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Thousands remain displaced, more than 450 injured following the magnitude-7.8 quake Doctors treated patients in tents set up under a scorching Philippine sun on Tuesday — including helping a young mother give birth — as the death toll from a major earthquake that collapsed buildings and sparked tsunami warnings topped 40. Thousands remained displaced and … Read more

PSX falls 1,525 points amid geopolitical jitters

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[ Selling pressure across key sectors drags KSE-100 lower as investor sentiment weakens KARACHI: Pakistan Stock Exchange (PSX) on Monday came under sustained selling pressure as geopolitical concerns prompted investors to offload their holdings, which dragged the benchmark KSE-100 index sharply lower during intra-day trade. At close, the index lost 1,525.24 points, or 0.89%, to … Read more

Homes, schools, e-buses key to Punjab budget

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[ LAHORE: The Punjab government is signalling a development strategy built around fiscal discipline, infrastructure expansion, social protection, climate resilience and economic empowerment as the provincial government prepares to unveil its budget for fiscal year 2026-27. Addressing representatives from industries, trade bodies, academia, media and civil society during a pre-budget consultation session on Monday, Punjab … Read more