GM’s Cruise robo-taxi CEO resigns from company

GM’s Cruise robo-taxi CEO resigns from company

Kyle Vogt, chief technology officer, president & co-founder of Cruise, a Honda and General Motors self-driving car partnership, speaks on stage at the launch of the Cruise Origin autonomous vehicle in San Francisco, California, U.S. January 21, 2020. REUTERS/Stephen Lam/File Photo Acquire Licensing Rights Nov 19 – The CEO of General Motors’ robot-taxi unit Cruise, … Read more

Tencent says has Nvidia AI chip stockpile but seeking to buy domestic

Tencent says has Nvidia AI chip stockpile but seeking to buy domestic

[1/2]Tencent sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File photo Acquire Licensing Rights HONG KONG, Nov 15 (Reuters) – Chinese technology giant Tencent Holdings (0700.HK) on Wednesday said it has a large stockpile of AI chips from U.S. maker Nvidia (NVDA.O), but that broadened U.S. … Read more

Musk’s xAI set to launch first AI model to select group

Musk’s xAI set to launch first AI model to select group

Tesla and SpaceX’s CEO Elon Musk pauses during an in-conversation event with British Prime Minister Rishi Sunak in London, Britain, Thursday, Nov. 2, 2023. Kirsty Wigglesworth/Pool via REUTERS Acquire Licensing Rights Nov 3 (Reuters) – Elon Musk’s artificial intelligence startup xAI will release its first AI model to a select group on Saturday, the billionaire … Read more

As Google pushes deeper into AI, publishers see fresh challenges

As Google pushes deeper into AI, publishers see fresh challenges

NEW YORK, Oct 19 (Reuters) – You may never have to read another news story in your life, if you have artificial intelligence that can digest all the web’s information and serve up a summary on demand. That’s the stuff of nightmares for media barons as Google (GOOGL.O) and others experiment with what’s called generative … Read more

Wall St Week Ahead US stock market’s powerhouses tested by soaring bond yields

Wall St Week Ahead US stock market’s powerhouses tested by soaring bond yields

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights NEW YORK, Sept 29 (Reuters) – Surging bond yields are rattling U.S. stocks, and some investors worry the richly valued shares of … Read more

AI startup AlphaSense valued at $2.5 bln after latest funding round

AI startup AlphaSense valued at $2.5 bln after latest funding round

Sept 28 (Reuters) – Market intelligence platform AlphaSense has raised $150 million in a fresh round of funding that boosted its valuation to $2.5 billion, underscoring strong demand for artificial intelligence (AI) startups. The series E financing round was led by technology investment firm BOND and joined by existing investors including Alphabet’s (GOOGL.O) CapitalG, Viking … Read more

IT services firm Kyndryl plans to separate China business – FT

IT services firm Kyndryl plans to separate China business – FT

Sept 27 (Reuters) – U.S.-based IT services provider Kyndryl Holdings (KD.N) is planning to separate its China business and has told some employees about the decision, the Financial Times reported on Wednesday, citing three people with knowledge of the matter. The firm has, however, not laid out details of when the split would take effect … Read more

Amazon steps up AI race with up to $4 billion deal to invest in Anthropic

Amazon steps up AI race with up to $4 billion deal to invest in Anthropic

SAN FRANCISCO, Sept 25 (Reuters) – Amazon.com (AMZN.O) on Monday said it will invest up to $4 billion in cash in the high-profile startup Anthropic, in its effort to compete with growing cloud rivals on artificial intelligence. Amazon’s employees and cloud customers will gain early access to technology from Anthropic as part of the deal, … Read more

US stocks end sharply lower, Treasury yields spike on hawkish Fed outlook

US stocks end sharply lower, Treasury yields spike on hawkish Fed outlook

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. REUTERS/Brendan McDermid Acquire Licensing Rights Weekly jobless claims drop 9% FedEx gains on surprise profit beat Broadcom down on report Google to replace co as AI chip supplier NEW YORK, Sept 21 (Reuters) – Wall … 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