Press Digest: New York Times business news - August 11

Archer Aviation

11/08/2026 06:52

    Aug 11 (Reuters) - The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
     
- A consortium of six financial groups including BlackRock
 BLK.N , Goldman Sachs  GS.N  and KKR  KKR.N  are working with
Nvidia  NVDA.O   to raise $500 billion to keep fueling the A.I.
boom by financing more data centers, power plants and chips.
     
- Boeing  BA.N  is selling three subsidiaries - Wisk Aero,
SkyGrid, and Insitu to Archer Aviation  ACHR.N , with the plane
maker set to receive a nearly 16.5 percent stake in Archer and
other benefits.
     
- U.S. Senator Bernie Sanders of Vermont called on the chief
executives of OpenAI, Anthropic and Meta  META.O  to pause
development of artificial intelligence, saying the corporations
have already lost control of models that could cause
“potentially cataclysmic results” for millions of people.
     
- At least 111 people were killed and 87 people injured after a
powerful 7.4-magnitude earthquake struck western Colombia, with
the death toll likely to rise as rescue crews and residents
continued to dig through flattened buildings.

(Compiled by Bengaluru newsroom)
((mailto:globalnewsmonitoring@thomsonreuters.com))