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Tesla seeking first in series of approvals to offer robotaxi service in California

(Reuters) – Tesla has applied for a permit typically associated with chauffeur-operated services, according to California regulators, marking the first phase of a series of regulatory approvals required for the electric car maker to eventually launch a promised robotaxi service. The automaker currently has the approval to test autonomous vehicles with a safety driver in …

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Meta plans paid subscription service for chatbot Meta AI, source says

By Katie Paul (Reuters) – Meta Platforms plans to test a paid subscription service for its AI-enabled chatbot Meta AI, similar to those offered by OpenAI and Microsoft to access advanced versions of their chatbots, a source familiar with the matter told Reuters on Thursday. The source said the test will begin in the second …

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Big fines coming for US export violations, says ex-Commerce official, as China sales probed

By Karen Freifeld (Reuters) – The U.S. Commerce Department is likely to impose hefty fines on companies in the coming months for illegally shipping technology to customers in countries like China, a top department official who left last month said on Thursday. Matthew Axelrod, as Commerce’s assistant secretary for export enforcement during the Biden administration, …

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Chinese manufacturer Hikvision fails to overturn US ban on equipment approvals

By David Shepardson WASHINGTON (Reuters) – A U.S. appeals court on Thursday rejected a bid by Hikvision to lift a 2022 bar by the Federal Communications Commission on approvals of new video surveillance and telecommunications equipment produced by the Chinese manufacturer. Hikvision had asked the U.S. Court of Appeals for the District of Columbia to …

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Goldman Sachs picks Elizabeth Overbay as CFO of asset management business, memo says

(Reuters) – Goldman Sachs appointed Elizabeth Overbay as the chief financial officer of its asset and wealth management division, according to a memo seen by Reuters on Thursday, bolstering ranks in a key area of focus for the Wall Street giant. The investment bank has been deepening its commitment to the unit, especially after ending …

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OpenAI rolls out GPT-4.5 for some paying users, to expand access next week

(Reuters) – ChatGPT developer OpenAI said on Thursday it has released a research preview of its latest GPT-4.5 model for its Pro users and developers worldwide, with plans to expand access in the coming weeks. GPT-4.5 comes with improved ability to recognize patterns, generate creative insights without reasoning and shows greater emotional intelligence, the company …

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Monster Beverage beats quarterly sales estimates as demand for energy drinks improves

(Reuters) – Monster Beverage beat fourth-quarter sales estimates on Thursday, helped by improving demand for its products including energy drinks and beverages. WHY IT’S IMPORTANT Beverage makers have been struggling to lift sales as consumers balk at higher-margin items and look for cheaper alternatives to prioritize essentials purchases. However, Monster Beverage’s efforts to ramp up …

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US House panel subpoenas tech giants over foreign communications

WASHINGTON (Reuters) – The U.S. House Judiciary Committee has subpoenaed eight major technology companies, including Alphabet, Meta, Apple and X Corp, seeking details about their communications with other countries over fears of foreign censorship, it said on Thursday. House Judiciary Committee Chairman Jim Jordan, a Republican, sent the subpoenas on Wednesday and also included Amazon, …

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US securities regulator files to dismiss lawsuit against Coinbase

By Hannah Lang WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Thursday filed to dismiss its lawsuit against Coinbase, the largest U.S. cryptocurrency exchange, putting an end to a legal battle as the regulator moves to change course under President Donald Trump. The SEC sued Coinbase in 2023, alleging the exchange flouted the agency’s …

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US union chief calls on fund managers to review Tesla valuation

By Ross Kerber (Reuters) – The leader of one of the largest U.S. labor unions on Thursday called on top asset managers to review Tesla’s valuation as the electric carmaker’s shares have slumped 30% so far this year. Randi Weingarten, president of the American Federation of Teachers, wrote to top fund firms with Tesla shares …

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