(Reuters) -British artificial intelligence startup Stability AI has appointed Prem Akkaraju as its new chief executive officer, the Information reported on Friday, citing a person involved in the decision. Akkaraju, former CEO of visual effects company Weta Digital, is part of a group of investors including former Facebook President Sean Parker that has stepped in …
Stability AI appoints new CEO, the Information reports Read More »
By Tom Hals WILMINGTON, Delaware (Reuters) -Tesla and opponents of Elon Musk’s compensation clashed on Friday over ways to resolve the legal quagmire that has engulfed the CEO’s $56 billion pay package and billions of dollars in potential legal fees generated by the case. Tesla said in a court filing that a Delaware judge should …
Tesla, opponents of Musk’s pay clash over resolving compensation lawsuit Read More »
By Greg Bensinger SAN FRANCISCO (Reuters) – Amazon is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service and has considered a monthly fee of around $5 to access the superior version, according to people with direct knowledge of the company’s plans. Known …
By Roberto Samora and Marcelo Teixeira SAO PAULO (Reuters) – BP Plc will evaluate expanding and diversifying its biofuel operation in Brazil, looking at new products such as second-generation ethanol and sustainable aviation fuel after buying out Bunge from their joint venture BP Bunge Bioenergia. The company said in written comments to Reuters that it …
BP plans foray into 2G ethanol, sustainable jet fuel with Brazil base Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Apple will delay launching three new artificial intelligence features because landmark European Union tech rules require it to ensure that rival products and services can function with its devices, the U.S. tech group said on Friday. Apple underscored its AI push earlier this month with a slew of …
Apple to delay launch of AI-powered features in Europe, blames EU tech rules Read More »
By Katie Paul (Reuters) -Multiple artificial intelligence companies are circumventing a common web standard used by publishers to block the scraping of their content for use in generative AI systems, content licensing startup TollBit has told publishers. A letter to publishers seen by Reuters on Friday, which does not name the AI companies or the …
By Davide Barbuscia and Matt Tracy NEW YORK (Reuters) – The spreads between U.S. investment-grade corporate bond yields and U.S. Treasuries have surged to their highest in over three months, in a sign of risk aversion due to political uncertainty in France and as U.S. government bonds rallied. Spreads indicate the premium investors demand to …
US credit spreads widen on political jitters, Treasuries rally Read More »
By Shashwat Chauhan, Jesus Calero and Shristi Achar A (Reuters) -European shares closed lower on Friday, pressured by falls in technology and bank stocks, while Danish brewer Carlsberg Group was the day’s worst performer after British soft drinks maker Britvic rejected its revised takeover proposal. The Europe-wide STOXX 600 ended 0.7% lower, with the technology …
European shares slip on tech, banks drag; clocks weekly gains Read More »
By Pranav Kashyap and Shubham Batra (Reuters) -London stocks closed the week on a positive note after domestic inflation fell to the Bank of England’s 2% target earlier this week, raising bets of an interest rate cut in August, but a hot reading of the retail sales tempered some of that optimism. The FTSE 100 …
FTSE 100 snaps five-week losing streak as inflation back to BoE’s target Read More »
(Reuters) – British soft drinks maker Britvic has rejected a 3.11 billion pound ($3.93 billion) takeover proposal from Carlsberg Group, the companies said on Friday, the second approach from the Danish brewer it has turned down. Shares in London-listed Britvic, which sells cocktail mixers and other non-alcoholic drinks, jumped 14% to 1,153 pence, while Carlsberg’s …
Drinks maker Britvic rejects $3.93 billion takeover proposal from Carlsberg Read More »
