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Saturday, October 3, 2026
The New York Finance

Top Business News Around The World

Saturday, October 3, 2026

AI

Musk’s xAI to repay $3B in bonds early, fueling IPO speculation

Elon Musk’s artificial-intelligence company xAI is preparing to pay back $3 billion of high-yield (“junk”) bonds early, a move that typically signals a borrower believes it can refinance more cheaply, has fresh…

By The New York Finance Staff

Defense Department Pressures Anthropic to Loosen AI Safeguards

The Pentagon has begun asking major defense contractors—including Lockheed Martin and Boeing—to assess how dependent they are on Anthropic’s AI services, a step that signals the Defense Department is seriously weighing whether…

By The New York Finance Staff

Samsung plans $310 bn investment to power AI expansion

South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next five years mostly in technology powering artificial intelligence, aiming to meet growing demand driven by a…

By The New York Finance Staff

Albania appoints AI-generated minister to avoid corruption

Albanian Prime Minister Edi Rama said Thursday he had appointed the world’s first AI-generated government minister to oversee public tenders, promising its artificial intelligence would make it “corruption-free.” Presenting his new cabinet…

By The New York Finance Staff