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 […]
Chipotle beats sales estimates on strong burrito demand; shares soar
(Reuters) -Chipotle Mexican Grill surpassed market estimates for quarterly sales on Wednesday as demand for its rice bowls and burritos held up even as prices increased, lifting its shares about 15% in extended trading. The California-based chain has been able to buck a larger slowdown in customer traffic within the U.S. restaurant industry, partly because […]
Tesla’s bleak margins sour investors as Musk hypes everything but cars
By Deborah Mary Sophia and Reshma Rockie George (Reuters) -Tesla shares sank more than 11% on Wednesday as its shrinking auto-sales margins disappointed investors after top boss Elon Musk hyped the company’s investment plans for AI and self-driving technologies. The electric automaker posted profit margin that fell to a five-year low on Tuesday and its […]
Tesla shares could swing 10% either way after earnings, options show
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the options market expect Tesla shares to swing by nearly 10% in either direction by Friday, options data showed. That is roughly in line with the stock’s average move of about 10.1% after the company’s last eight quarterly earnings reports, according to Trade Alert data. […]
Apple likely to release foldable iPhone as early as 2026, the Information reports
(Reuters) – Apple is likely to introduce its foldable iPhone as early as 2026, the Information reported on Tuesday, that could mark the biggest hardware design revamp for the company’s most popular product. The Cupertino, California-based company’s plan to release a foldable iPhone could mimic a similar move by Samsung Electronics, which pioneered the foldable […]