Reuters UK Business

Mistral AI raises 385 million euros in second round in seven months

11 Dec 2023

By Supantha Mukherjee (Reuters) – French artificial intelligence company Mistral AI said on Monday it had raised 385 million euros ($414.41 million) in its second funding round in seven months, led by investors such as Andreessen-Horowitz and LightSpeed Ventures. While the company did not disclose its valuation, a source familiar with the matter put it …

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Schibsted to sell its media operation to main owner for $568 million

11 Dec 2023

By Louise Rasmussen COPENHAGEN (Reuters) -Norway’s Schibsted said on Monday it has made a non-binding agreement worth 6.2 billion crowns ($568 million) to sell its news media operations to its main owner Tinius Trust, splitting the group into two companies. If finalised, the traditional media company would be fully owned by the Tinius Trust, while …

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Bosch expects to cut 1,500 jobs by 2025 at two German sites

10 Dec 2023

FRANKFURT (Reuters) – Automotive supplier Bosch needs to cut up to 1,500 jobs at two of its German sites by 2025 to adapt staffing levels to changing demand and technologies in the auto sector, the company said on Sunday. The workforce reductions were first reported by weekly industry newspaper Automobilwoche. “Like other companies, we have …

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Europe agrees landmark AI regulation deal

10 Dec 2023

By Foo Yun Chee, Martin Coulter and Supantha Mukherjee BRUSSELS/LONDON/STOCKHOLM (Reuters) – Europe on Friday reached a provisional deal on landmark European Union rules governing the use of artificial intelligence including governments’ use of AI in biometric surveillance and how to regulate AI systems such as ChatGPT. With the political agreement, the EU moves toward …

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EU clinches deal on landmark AI Act – reaction

9 Dec 2023

STOCKHOLM/LONDON/BRUSSELS (Reuters) -European Union policymakers on Friday agreed a provisional deal on landmark rules governing the use of artificial intelligence (AI). They include the use by governments of AI in biometric surveillance and how to regulate AI systems such as ChatGPT. Here is some reaction to the deal: Svenja Hahn, German MEP and shadow rapporteur …

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