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)
((globalnewsmonitoring@thomsonreuters.com))