Biz Report: Looking ahead to US August CPI readings; OpenAI reportedly considering slowing down development of cutting edge AI; Oracle’s cloud computing growth

In this episode of The Business Report, finance presenter Chua Tian Tian spoke with Benjamin Goh, Head of Research and Investor Education, SIAS, where they discussed how government data showed the US producer price index (PPI) rose 0.4 per cent in August from the previous month, the most since May, and what this means for investors looking ahead to the consumer price index readings due tonight.

That’s before turning our attention to the Singapore Exchange and SGX-listed Oiltek.

Also in focus – how OpenAI is reportedly considering slowing down the development of cutting-edge artificial intelligence, and the ChatGPT maker’s chief executive officer Sam Altman is hoping that other AI companies will do the same.

Plus – how Oracle shares gained about 6 per cent in extended trading after reporting better-than-expected growth in its cloud computing business.

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