By David Lawder RIO DE JANEIRO (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Friday that “things look good” for Group of Seven wealthy democracies to agree the terms of a $50 billion loan to Ukraine backed by Russian assets by October. Yellen said in an interview on the sidelines of a G20 […]
Paris Olympics broadcasters diverge on AI approach
By Sheila Dang (Reuters) – The Paris Olympics will be a showcase of generative AI for American viewers but European audiences won’t see a similar approach, a contrast that reflects how global media companies are deliberating over the use of the technology. Comcast’s NBCUniversal is diving into AI for its U.S. broadcast of the Games, […]
Two billionaire Harris donors hope she will fire FTC Chair Lina Khan
By Jody Godoy (Reuters) – Billionaire Democratic donors Barry Diller and Reid Hoffman said in interviews this week they hope Kamala Harris will replace Federal Trade Commission Chair Lina Khan if she becomes U.S. president, openly rejecting a pillar of President Joe Biden’s antitrust policy. Khan has been at the forefront of the Biden administration’s […]
Exclusive-Walmart looks to bet $200 million on autonomous forklifts -sources
By Siddharth Cavale and Jeffrey Dastin NEW YORK (Reuters) – Walmart has plans to potentially spend $200 million on self-driving forklifts as part of broader efforts to automate more warehouse operations, according to three people familiar with the matter. The world’s largest retailer wants autonomous forklifts to move pallets of goods in its distribution centers, […]
Biden in talks with Netanyahu presses for Gaza ceasefire
By Steve Holland and Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden pressed for a ceasefire to the 9-month-old war in Gaza in talks with Israeli Prime Minister Benjamin Netanyahu on Thursday, with Vice President Kamala Harris due to meet the Israeli leader later in the day. They were the first face-to-face talks for the […]
Google AI systems make headway with math in progress toward reasoning
By Kenrick Cai Alphabet’s Google unveiled a pair of artificial intelligence systems on Thursday that demonstrated advances in solving complex mathematical problems, a key frontier of generative AI development. The current class of AI models, which work by statistically predicting the next word, have struggled with abstract math, which requires greater reasoning capabilities resembling human […]
U.S. crypto exchange Coinbase adds three board members, including OpenAI executive
By Stephanie Kelly NASHVILLE (Reuters) – U.S. cryptocurrency exchange Coinbase has added three new members to its board of directors, including an executive from ChatGPT-maker OpenAI, as the company steps up its efforts to sway U.S. crypto policy, Coinbase told Reuters on Thursday. The new members are Chris Lehane, a member of the executive team […]
Yen drifts lower from 2-1/2-month peak vs dollar as markets stabilize
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The yen edged lower from a 2-1/2-month high against the U.S. dollar on Thursday, as financial markets stabilized, with investors looking ahead to next week’s Bank of Japan meeting which could see a potential rate hike. The Japanese unit this week rallied sharply as market participants unwound their long-held […]
Newmont beats profit estimates on higher gold production
(Reuters) -Newmont Corp beat Wall Street expectations for second-quarter profit on Wednesday, as the world’s biggest gold miner benefited from robust production and easing costs. Attributable gold production rose to 1.61 million ounces in the second quarter from 1.24 million ounces a year earlier, the company said. Analysts had expected production of 1.56 million ounces, […]
Exclusive-Nvidia clears Samsung’s HBM3 chips for use in China-market processor, sources say
By Fanny Potkin and Heekyong Yang SINGAPORE/SEOUL (Reuters) – Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said. But it is somewhat of a muted greenlight as Samsung’s HBM3 chips will, for now, only […]