Reuters US Business

(Refiles unchanged to fix format issues) By Krystal Hu, Anna Tong (Reuters) -Artificial intelligence companies like OpenAI are seeking to overcome unexpected delays and challenges in the pursuit of ever-bigger large language models by developing training techniques that use more human-like ways for algorithms to “think”. A dozen AI scientists, researchers and investors told Reuters they believe …

OpenAI and rivals seek new path to smarter AI as current methods hit limitations Read More »

By Lisa Pauline Mattackal and Noel Randewich (Reuters) -Wall Street’s main indexes notched record high closes on Monday, lifted by stocks expected to benefit from Republican President-elect Donald Trump’s potential fiscal policies. Tesla’s stock market value surged 9% to over $1.1 trillion, fueled by bets the automaker will benefit from CEO Elon Musk’s close ties …

S&P 500 posts record high close, Trump-linked stocks advance Read More »

By Fergal Smith (Reuters) -Canada’s main stock index edged higher on Monday as investors remained bullish following the U.S. presidential election, but gains were held in check by a sharp decline in gold mining shares. The S&P/TSX composite index ended up 29.88 points, or 0.1%, at 24,789.28, moving closer to the record closing high it …

Toronto market ends higher, led by ‘high-beta’ stocks Read More »

By Greg Bensinger (Reuters) -Amazon is developing smart eyeglasses for its delivery drivers to guide them to, around and within buildings, as it tries to smooth the final stretch of an order’s journey to a customer’s home, five people familiar with the matter said. If successful, the glasses would provide drivers with turn-by-turn navigation on …

Exclusive-Amazon developing driver eyeglasses to shave seconds off deliveries, sources say Read More »

By Samuel Indyk and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) -Bitcoin surged to a record above $87,000 on Monday in a blistering rally amid expectations cryptocurrencies will thrive in a light-touch regulatory environment following the election of Donald Trump as U.S. president and pro-crypto candidates to Congress. The world’s biggest and best-known cryptocurrency has more than …

Bitcoin vaults to all-time peak as Trump election raises crypto excitement Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors are piling into bullish options bets on Tesla shares, with the stock hitting its highest level in more than two years on bets that CEO Elon Musk’s close ties to President-elect Donald Trump may benefit the electric car maker. Tesla’s shares were up about 8% to …

Tesla options draw ‘euphoric’ trading as Trump win fires up stock Read More »

By Juveria Tabassum (Reuters) -Chipotle Mexican Grill on Monday named interim boss Scott Boatwright as permanent CEO of the burrito chain in a widely expected move, months after Brian Niccol exited the role to take the top job at Starbucks. Boatwright, who has been at Chipotle since 2017, takes the helm as restaurants across the …

Chipotle veteran Scott Boatwright named permanent CEO Read More »

By David Shepardson WASHINGTON (Reuters) – Boeing’s head of quality for commercial airplanes, Elizabeth Lund, who has spearheaded the planemaker’s improvement plans, will retire in December, the company said on Monday. A 33-year veteran of Boeing, Lund had been named in February to the new position of senior vice president of quality for its commercial …

Boeing commercial airplanes quality chief to retire in December Read More »