ByteDance’s valuation slumps by a quarter in stock buyback – source

ByteDance’s valuation slumps by a quarter in stock buyback – source

The ByteDance logo is seen at the company’s office building in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights Oct 2 (Reuters) – China’s ByteDance is buying back shares from U.S. employees in a deal that values the TikTok parent company at $223.5 billion, about 26% lower than a valuation a year … Read more

Google nears release of AI software Gemini, The Information reports

Google nears release of AI software Gemini, The Information reports

A logo is pictured at Google’s European Engineering Center in Zurich, Switzerland July 19, 2018 REUTERS/Arnd Wiegmann/File Photo/File Photo Acquire Licensing Rights Sept 14 (Reuters) – Alphabet’s (GOOGL.O) Google has given a small group of companies access to an early version of Gemini, its conversational artificial intelligence software, The Information reported on Thursday, citing people … Read more

Musk says AI ‘referee’ needed after meeting with US lawmakers

Musk says AI ‘referee’ needed after meeting with US lawmakers

WASHINGTON, Sept 13 (Reuters) – American technology leaders including Tesla (TSLA.O) CEO Elon Musk, Meta Platforms (META.O) CEO Mark Zuckerberg and Alphabet (GOOGL.O) CEO Sundar Pichai met with lawmakers at Capitol Hill on Wednesday for a closed-door forum that focused on regulating artificial intelligence. Lawmakers are grappling with how to mitigate the dangers of the … Read more

Flying taxi maker Archer settles Boeing Wisk lawsuits, shares jump

Flying taxi maker Archer settles Boeing Wisk lawsuits, shares jump

Flying taxi company Archer Aviation prepare for the debut of their all-electric aircraft from a facility in Hawthorne, California, U.S. June 8, 2021. Picture taken June 8, 2021. REUTERS/Mike Blake Aug 10 (Reuters) – Air taxi maker Archer Aviation (ACHR.N) has reached an agreement with Boeing (BA.N) and its Wisk air taxi unit to settle … Read more