Microsoft president says no chance of super-intelligent AI soon
By Muvija M and Martin Coulter LONDON (Reuters) -The president of tech giant Microsoft said there is no chance of…
Category: Business
Bank of America pays $12 million fine for misreporting mortgage data
By Jonathan Stempel (Reuters) -Bank of America agreed to pay a $12 million fine to settle U.S. regulatory charges it…
Meta says it will appeal US judge’s ruling in privacy fight with FTC
WASHINGTON (Reuters) -Meta Platforms, which owns WhatsApp, Instagram and Facebook, said on Tuesday it would appeal a judge’s ruling that…
Amazon announces new cloud AI chip as Microsoft rivalry intensifies
By Stephen Nellis (Reuters) -Amazon.com on Tuesday announced a new artificial intelligence chip for its cloud computing service as competition…
Shoppers click ‘buy’ as retailers slash prices ahead of Cyber Monday
(Reuters) -Holiday shoppers in the U.S. are seeking out the best deals and strategically nabbing the deepest discounts ahead of…
X may lose up to $75 million by year-end on advertiser exodus – NYT
(Reuters) – Elon Musk-owned social media company X could lose as much as $75 million in advertising revenue by the…
Amazon hit by strikes, protests across Europe during Black Friday trade
LONDON (Reuters) -Amazon workers walked out on strike at multiple locations across Europe on Friday in protests against the U.S.…
Ark Investments sets 0.80% fee for proposed spot bitcoin ETF
By Suzanne McGee (Reuters) – ARK Investment Management led by Cathie Wood, and Swiss cryptocurrency manager 21Shares, plan to charge…
Tesla ready to invest up to $2 billion to build India factory, but with riders -ET
BENGALURU (Reuters) – Tesla is ready to invest up to $2 billion to set up a factory in India if…
AI poster child Altman back at OpenAI, may have fewer checks on power
By Aditya Soni (Reuters) – Sam Altman’s return as OpenAI’s chief executive will strengthen his grip on the startup and…