(Reuters) – Artificial intelligence startup Perplexity launched an agent-based assistant for Android devices on Thursday as it looks to take on larger rival OpenAI’s ChatGPT and incumbent assistants such as Apple’s Siri and Amazon’s Alexa. The Nvidia and Jeff Bezos-backed company said the tool, known as Perplexity Assistant, can book dinner reservations, hail rides on […]
US Supreme Court allows anti-money laundering law to take effect
By Nate Raymond (Reuters) – The U.S. Supreme Court cleared the way on Thursday for the enforcement of an anti-money laundering federal law that requires corporate entities to disclose the identities of their real beneficial owners to the U.S. Treasury Department. The justices put on hold a nationwide injunction issued on Dec. 3 by a […]
Ericsson ready to take advantage of Trump’s tech policies, CTO says in Davos
By Divya Chowdhury DAVOS, Switzerland (Reuters) – Swedish telecom gear maker Ericsson expects the United States to continue to be at the forefront of technology development under President Donald Trump, which the company is ready to take advantage of, its chief technology officer said. The industry is now in full-execution phase of OpenRAN, CTO Erik […]
Trump’s USDA secretary pick led group opposed to ethanol, farm subsidies
By Leah Douglas (Reuters) – President Donald Trump’s pick to run the Agriculture Department, Brooke Rollins, led an organization that opposed ethanol mandates and farm subsidies, major programs she could influence if confirmed, according to a Reuters review of the group’s policy statements. That background may put Rollins at odds with farm state lawmakers at […]
Meta backs data analytics firm Databricks as AI boom attracts investors
(Reuters) – Databricks said on Wednesday Meta Platforms had joined as an investor in a $10 billion funding round intended to fuel the data analytics startup’s expansion plans and new product development. The Series J funding round closed on Wednesday and valued Databricks at $62 billion. The company also secured a $5.25 billion credit facility […]
Trump push to use tariffs to pay for tax cuts faces opposition in Congress
By Jarrett Renshaw, David Morgan and David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts, an unprecedented shift likely to face opposition from many of his fellow Republicans in Congress. […]
Facebook removes, then reinstates, page of British anti-racism organisation
By Catarina Demony LONDON (Reuters) – One of Britain’s biggest anti-racism organisations, Stand Up to Racism, said on Wednesday its Facebook page had been shut down for allegedly breaching the social media platform’s community standards on impersonation, though it was later reinstated. Facebook’s owner, Meta Platforms, said the page had been removed in error and […]
Wall Street regulator forms cryptocurrency task force
(Reuters) – The U.S. Securities and Exchange Commission said on Tuesday it was forming a new cryptocurrency task force to develop a comprehensive and clear regulatory framework for crypto assets. President Donald Trump, a crypto entrepreneur, has pledged his new administration will work to promote the industry’s interests, unlike the prior administration which had clashed […]
Trump to announce up to $500 billion private sector AI infrastructure investment, sources say
By Steve Holland (Reuters) -President Donald Trump is due to announce private sector investment of up to $500 billion of artificial intelligence infrastructure on Tuesday, two sources told Reuters. OpenAI, SoftBank and Oracle plan a joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion into Stargate over the […]
FTAI Aviation shares sink following investigation into short-seller claims
(Reuters) -Shares of FTAI Aviation plummeted more than 30% on Tuesday after the U.S. aircraft lessor announced that its audit committee would investigate claims of financial irregularities made by short-seller Muddy Waters Research. “Although the review will take longer than some may like, it is the most thorough way to clear the accounting allegations and […]