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PRESS DIGEST-Financial Times - November 3

By Reuters News

Nov 3 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Anthropic reveals $900 billion AI spending commitments ahead of IPO

- OpenAI hires former US Army secretary as military seeks to expand AI use

- Rio Tinto creates ‘kill zone’ to halt cane toad invasion

- UK PM Burnham to set out ‘new era’ and debt reset for struggling Commonwealth nations


Overview

- Anthropic’s spending on computing power is rising faster than revenues, with the group revealing on Monday that it has committed to spend close to $900 billion on AI infrastructure in the coming years in a bid to continue its breakneck growth.

- OpenAI has hired Dan Driscoll, the former US Army secretary who resigned following tensions with defence secretary Pete Hegseth, as the military seeks to expand its use of AI to enhance national and cyber security.

- Rio Tinto RIO.AX will spend A$28 million ($19.64 million) working with scientists to turn a stretch of land between the Indian Ocean and the Great Sandy Desert in Western Australia into a “kill zone” to stop the march of one of Australia’s most destructive invasive species.

- Britain Prime Minister Andy Burnham will set out his vision to help struggling Commonwealth nations reset their debt and a “new era” for the organisation, as leaders gather for the biennial summit of the bloc in Antigua.



($1 = 1.4253 Australian dollars)

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