By Leika Kihara TOKYO (Reuters) – Japan’s new central bank governor Kazuo Ueda says he is in no rush to shift away from the radical monetary stimulus of his predecessor, but wage pressures may force him to make the policy tweaks faster than he’d like. Ueda, who commenced his new role at the bank this …
Analysis: Japan’s upbeat wages may keep new BOJ chief on hook for policy tweak Read More »
By Kantaro Komiya and Satoshi Sugiyama TOKYO (Reuters) -OpenAI Chief Executive Sam Altman said on Monday he is considering opening an office and expanding services in Japan after a meeting with Japan’s prime minister. Prime Minister Fumio Kishida and Altman exchanged views on the technological progress and merits of AI as well as its risks …
OpenAI CEO considers opening office as Japan govt eyes adoption Read More »
SHANGHAI (Reuters) – Chinese search engine giant Baidu has filed lawsuits against “relevant” app developers and Apple Inc over fake copies of its Ernie bot app available on Apple’s app store. The company’s artificial intelligence powered Ernie bot, launched last month, has been touted as China’s closest answer to the U.S.-developed chatbot ChatGPT. Baidu said …
Baidu sues Apple, app developers over fake Ernie bot apps Read More »
By Howard Schneider WASHINGTON (Reuters) – Interest rates eventually should fall back to levels seen before the outbreak of COVID-19, with advanced economies again within sight of the “zero lower bound” and developing countries seeing rates in steady decline, the International Monetary Fund said in a new analysis of whether the “natural” rate of interest …
No escape from the zero lower bound for top central banks – IMF Read More »
SHANGHAI (Reuters) – China’s BYD launched on Monday a new chassis suspension system as the electric vehicle maker ramps up efforts to move upmarket with premium products. The system, BYD DiSus Intelligent Body Control System, is similar to the chassis suspension systems available in premium and luxury cars, such as Porsche’s Dynamic Chassis Control and …
China’s BYD bets on self-developed chassis suspension system Read More »
(Reuters) -Global shipments of personal computers slumped by nearly a third in the first quarter of 2023, with Apple Inc dropping the most among the market heavyweights as the industry struggles with a post-pandemic slowdown in consumer spending. In separate reports published on Monday, market research firms IDC and Canalys blamed weak demand, excess inventory …
Global PC shipments slide in Q1 as Apple takes biggest hit Read More »
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -World Bank Group President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward to 2% from a January forecast of 1.7% but the slowdown from stronger 2022 growth will increase debt distress for developing countries. Malpass told a media …
World Bank chief raises 2023 global growth outlook slightly, eyes debt progress Read More »
TAIPEI (Reuters) -Taiwanese chipmaker TSMC said on Monday it is communicating with Washington about its “guidance” for a law designed to boost U.S. semiconductor manufacturing that has sparked concerns about subsidy criteria. Conditions for subsidies include sharing excess profit with the U.S. government, and industry sources have said the application process itself could expose confidential …
TSMC talking to US about CHIPS Act ‘guidance’ amid subsidy concerns Read More »
(Reuters) – The balancing act between slowing growth and sticky price pressures is top of the agenda ahead of U.S. inflation data and the World Bank and IMF Spring Meetings in Washington. Kazuo Ueda takes over the helm at the Bank of Japan while U.S. bank earnings kick off and Switzerland’s parliament debates the UBS-Credit …
SHANGHAI/BEIJING (Reuters) – China’s payment & clearing industry association warned on Monday against using Microsoft-backed OpenAI’s ChatGPT and similar artificial intelligence tools due to “risks such as cross-border data leaks.” “Payment industry staff must comply with laws and rules when using tools such as ChatGPT, and should not upload confidential information related to the country …
China’s payment association warns over risks of using AI products like ChatGPT Read More »
