Author: Press Room
President Biden’s urgent push to replenish Ukraine’s war chest and send aid to Israel is on the brink of collapse in the Senate, where Republicans are prepared on Wednesday to block the funding unless Democrats agree to add strict measures to clamp down on migration at the U.S. border with Mexico.A classified briefing with administration officials called to shore up support devolved into a partisan screaming match on Tuesday afternoon, with Republicans angrily accusing Democrats of trying to steamroller over their demands for a border crackdown.The meltdown, which took place on the eve of a critical test vote in the…
In this photo illustration, the Arm Holdings logo seen displayed on a smartphone with stock market … [+] percentages in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Apple AAPL Inc. is an industry leader in high-end, custom microprocessors, yet the iPhone maker is being upstaged by an unlikely source. The implications for investors are huge. Executives at Apple announced on October that new computers will get updated processors. The only problem is those chips are already second-rate to a Qualcomm (QCOM) offering. Investors should continue to accumulate shares of Arm Holdings (ARM).…
Elon Musk’s artificial intelligence start-up xAI is looking to raise $1bn in equity, according to a filing with the US securities regulator, as the billionaire races to challenge rivals such as OpenAI in the fast-growing field of generative AI.The company had already raised $135mn from investors, the filing with the Securities and Exchange Commission said. It is asking investors to put in a minimum of $2mn.Generative AI companies — whose technology can automatically generate humanlike text and imagery — have raised billions of dollars this year after Microsoft-backed OpenAI released its consumer chatbot, ChatGPT, to fanfare in November 2022. Read…
© Reuters. FILE PHOTO: A man cycles past chimneys of facotries at the Keihin Industrial Zone in Kawasaki, Japan September 12, 2018. REUTERS/Kim Kyung-Hoon/File Photo By Tetsushi Kajimoto TOKYO (Reuters) – Sentiment at big Japanese manufacturers surged, improving for a second straight month as the auto sector continued to recover from last year’s semiconductor shortage and supply chain woes, a monthly Reuters Tankan survey found. The sentiment index for manufacturers stood at plus 12 in December compared with plus 6 the previous month, according to the survey which was conducted Nov. 21-Dec. 1. “As chip shortages eased, car production grew.…
© Reuters. FILE PHOTO: Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay/File Photo By Brendan Pierson (Reuters) – Bayer (OTC:) was ordered on Tuesday to pay nearly $3.5 million by a Philadelphia jury that found the company’s Roundup weedkiller caused a woman’s cancer, the company said, the latest in a string of trial losses for the company as it tries to fend off thousands of similar lawsuits. The verdict in the Philadelphia Court of Common Pleas marks the fifth consecutive loss for Bayer, but…
ChrisMajors/iStock via Getty Images Berkshire Hathaway Energy’s (NYSE:BRK.A) (NYSE:BRK.B) PacifiCorp unit disclosed Tuesday it agreed to pay $299M to settle claims over wildfires in Oregon during September 2020, averting a jury trial that could have exposed it to billions in damages. According to an 8-K filing, the settlements will resolve claims that PacifiCorp’s equipment was responsible for the fires in Douglas County, Oregon, that destroyed an estimated 170 residences. The agreements resolve substantially all of the Archie Creek Complex Fire claims filed by individual plaintiffs, and the respective settlement amounts are consistent with amounts previously accrued for the wildfires, the…
© Reuters. WASHINGTON – The continued its upward trajectory today, reaching a two-week peak around the 104.00 mark, bolstered by a series of positive economic indicators. The American currency’s rise comes amidst a broader trend of strength for the greenback. Key economic data released today highlighted a mixed picture of the US economy. The JOLTS Job Openings saw a significant drop to 8.73 million in October, suggesting a cooling job market. However, the ISM Services PMI provided a more optimistic view, outstripping forecasts with a rise to 52.7, indicating continued expansion in the service sector. The performance of the US…
Sen. Mitt Romney, R-Utah, says Republicans want the border “closed” as part of a potential congressional agreement for additional emergency spending requested by the White House and criticized “clueless” Democrats who want to negotiate border provisions.”Dems want $106B—GOP wants a closed border. That’s the trade. But clueless Dems want to negotiate the border bill. Not going to happen,” Romney said on X, formerly Twitter. “Is an open border more important to Dems than Ukraine and Israel?”Republicans and Democrats have been struggling to find common ground over how to handle the crisis at the southern border as part of a supplemental…
Meta’s top AI scientist urged Mark Zuckerberg to make a ChatGPT rival, the New York Times reports.Yann LeCun warned that Facebook and Instagram could potentially go extinct if Meta didn’t act. A few months later, Meta introduced LLaMA, but the AI assistant hit trouble after a coding leak. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Meta’s chief AI scientist warned CEO Mark Zuckerberg that OpenAI’s ChatGPT could spell trouble for the company — and that he needed to act fast before it was too late.Six…
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Elon Musk’s artificial intelligence start-up xAI is looking to raise $1bn in equity, according to a filing with the US securities regulator, as the billionaire races to challenge rivals such as OpenAI in the fast-growing field of generative AI.The company had already raised $135mn from investors, the filing with the Securities and Exchange Commission said. It is asking investors to put in a minimum of $2mn.Generative AI companies — whose technology can automatically generate humanlike text and imagery — have raised billions…