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In response to recent tragedies, JPMorgan Chase and Bank of America are implementing new policies to limit junior bankers' working hours. JPMorgan will cap hours at 80 per week, while Bank of America will introduce a detailed timekeeping tool. These changes follow the death of a junior banker earlier this year.
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OpenAI is in discussions to raise $6.5 billion at a $150 billion valuation, significantly up from its previous $86 billion valuation. Concurrently, AI startups like World Labs and Safe Superintelligence are attracting substantial investments, reflecting the ongoing interest in advanced AI technologies. This funding surge highlights the competitive landscape in the AI sector.
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As Vice President Kamala Harris prepares for a debate against Donald Trump, she has garnered significant backing from 88 prominent business leaders. They emphasize her potential to foster a favorable environment for American industries, particularly in technology and finance, while calling for clearer regulations on crypto.