AI

• Bill Gates Tells Congress Epstein Ties Were ‘Grave Error’
  Microsoft Corp. co-founder Bill Gates told a House panel investigating the late financier Jeffrey Epstein that his meetings with the sex offender were “a grave error in judgment.”
• Microsoft Has an Answer to Anti-AI Boos From the Class of 2026
  In recent weeks, the Class of 2026 has made its displeasure with AI abundantly clear, loudly booing speakers touting the technology during commencement speeches.
• Pimco Warns a Wave of Defaults Is Coming for Low-Quality Borrowers
• SpaceX IPO Draws Billions in Orders From Middle East Funds
  Gulf wealth funds have put in orders for shares worth several billions of dollars in SpaceX’s initial public offering, according to people familiar with the matter, the latest indication of the region’s ambitions to continue playing a lead role in bankrolling the global artificial intelligence buildout.
• Anthropic CEO Dario Amodei Has Only One Direct Report
• OpenAI Backs AI Startup Fielding Compliance, Underwriting Tasks
  Poetic, an artificial intelligence startup, is emerging from stealth with $50 million in funding to help businesses streamline complex tasks, ranging from insurance underwriting to financial compliance.
• Credit Agricole CEO Says AI Anxiety Must Come to an End
  Credit Agricole SA Chief Executive Officer Olivier Gavalda is trying to temper worries related to artificial intelligence in the banking sector, as many executives have said implementing such technology will lead to workforce reductions.
• Carlyle Seeks Banks for India IPO of Healthcare RCM Provider
  Carlyle Group Inc. has invited pitches from investment banks to advise on a potential India initial public offering of its recently acquired healthcare billing service business, according to people familiar with the matter.
• BizLink to Buy Blackstone’s Interplex in $850 Million Deal
  Taiwan’s BizLink Holding Inc. has agreed to acquire Blackstone Inc.’s information and communications technology business Interplex Datacom.