New York Times Business News - October 10,

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch their accuracy.

Reflection AI, a company that specializes in artificial intelligence (AI), announced that it raised $2 billion of new funding in a round which included Nvidia on Thursday. Reflection AI is valued at $8 billion including the new funding, which is significantly higher than its March valuation of $545 million.

Orsted, a Danish developer of renewable energy, announced on Thursday it would eliminate around 2,000 jobs or 25% of its workforce over the next two-year period.

China announced on Thursday that it would be escalating the restrictions placed on rare earth metal exports. Beijing is claiming a broader jurisdiction in global manufacturing of semiconductors, and other technologies.

The German chancellor, alarmed by the plummeting profits in the auto industry and the job losses, is now insisting on allowing car manufacturers to decide, not Brussels' regulators, how to best achieve the EU's goal to reduce carbon emissions. (Compiled by Bengaluru Newsroom)

(source: Reuters)