By Supantha Mukherjee (Reuters) – Sony said on Wednesday it has created an artificial intelligence agent called Gran Turismo Sophy (GT Sophy) that was able to beat world’s best drivers of the PlayStation racing simulation game Gran Turismo. To get GT Sophy ready for the game, different units of Sony brought in fundamental AI research, …
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ZURICH (Reuters) – Siemens has agreed to exit its Valeo Siemens eAutomotive joint venture in a deal which will boost the German company’s profits by around 300 million euros ($342.60 million), the German company said on Wednesday. Siemens said it will sell its 50 percent stake to Valeo, which will integrate the business into its …
Siemens to sell its 50% stake in the Valeo Siemens e-Automotive joint venture Read More »
(Reuters) -Tesla Inc said on Wednesday the California Department of Fair Employment and Housing (DFEH) intends to file a lawsuit against the company alleging systematic racial discrimination and harassment. The lawsuit appears to be focused on alleged misconduct at its factory in Fremont, California, between 2015 and 2019, Tesla said https://bit.ly/3ozSmPb in a statement. The …
Tesla says California plans to sue over alleged discrimination, harassment Read More »
By Steven Scheer JERUSALEM (Reuters) -Teva Pharmaceutical Industries said on Wednesday it was bracing to pay as much as $3.6 billion in cash and medicine to settle thousands of lawsuits alleging it and other drug companies fueled the U.S. opioid epidemic. Israel-based Teva, the world’s largest generic drugmaker, this week reached a settlement worth $225 …
Drugmaker Teva may pay as much as $3.6 billion in U.S. opioid settlement Read More »
ZURICH (Reuters) – Siemens has agreed to sell the mail and parcels business of Siemens Logistics business to German technology group Koerber for a purchase price of 1.15 billion euros ($1.31 billion), the German engineering company said on Wednesday. The deal, which Reuters reported was imminent earlier on Wednesday, is expected to be completed in …
Siemens agrees to sell logistics business to Koerber in 1.15 billion euro deal Read More »
By Ross Kerber BOSTON (Reuters) -New York’s state pension fund will sell $238 million worth of stock and debt it holds across 21 shale oil and gas companies including Chesapeake Energy Corp, Hess Corp and Pioneer Natural Resources, saying they have not shown they are ready to move to a low-emissions economy. However, the fund …
Exclusive-New York pension fund to divest half its shale companies Read More »
By Julie Gordon and David Ljunggren OTTAWA (Reuters) -Canada’s economy does not need more stimulus, but rather more investment from both government and businesses to build up supply capacity to meet strong consumer demand, Bank of Canada Governor Tiff Macklem said on Wednesday. Macklem, when asked in an audience Q&A session if government should be …
Bank of Canada: Economy needs more capacity investment, not stimulus Read More »
By Howard Schneider WASHINGTON (Reuters) – New data on Thursday is expected to show U.S. inflation still at multi-decade highs, but Federal Reserve officials are holding out hope that the peak may be near. “There is some evidence we are on the cusp” of inflation that begins to ease perhaps by midyear, Atlanta Fed president …
Fed hopes economy is on cusp of inflation slowdown as rate hikes loom Read More »
BERLIN (Reuters) – Production at Tesla’s Berlin factory will not start until mid-March at the earliest, RBB reported on Wednesday. Tesla is still awaiting final approval from local authorities to begin production. RBB reported, without citing any sources, that authorities are currently still reviewing the factory’s safety precautions. A spokesperson for the state environment ministry …
Tesla production in Berlin to start mid-March at earliest-RBB Read More »
By Diane Bartz WASHINGTON (Reuters) -Microsoft Corp on Wednesday announced a new set of principles for its app store, including open access to developers who meet privacy and security standards, as it began a push to win approval for its blockbuster acquisition of “Call of Duty” maker https://www.reuters.com/technology/microsoft-buy-activision-blizzard-deal-687-billion-2022-01-18 Activision Blizzard Inc. The $68.7 billion purchase, …
Microsoft unveils new app store guidelines as it woos regulators on deal Read More »
