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(Reuters) -Mark Zuckerberg, the billionaire CEO of Meta Platforms is setting up a team of experts to achieve so-called “artificial general intelligence” (AGI), or machines that can match or surpass human capabilities, Bloomberg News reported on Tuesday. Zuckerberg is building the new AI team in tandem with a reported investment of over $10 billion in …

Meta’s Zuckerberg hiring for new ‘superintelligence’ AI team, Bloomberg News reports Read More »

DUBLIN (Reuters) -Ryanair said on Tuesday it had agreed to buy 30 new spare LEAP-1B engines with a list price of $500 million from jet engine maker CFM, which the budget airline expects to reduce its fuel consumption per flight as it rapidly grows its fleet. It said the engines will also enhance operational resilience …

Ryanair to buy 30 new jet engines from CFM for $500 million Read More »

By Christine Chen and Scott Murdoch SYDNEY (Reuters) -Australia’s securities regulator said on Tuesday it would trial changes to speed up initial public offerings that are at a decade low by implementing recommendations from earlier reviews and allowing faster access for retail investors. The Australian Securities and Investments Commission (ASIC) said the changes could shave …

Australia regulator trials faster IPO process as listings hit decade low Read More »

By Brenda Goh BEIJING (Reuters) -Huawei Technologies’ chips are one generation behind those of U.S. peers but the firm is finding ways to improve performance through methods such as cluster computing, Chinese state media quoted CEO Ren Zhengfei as saying on Tuesday. The chipmaker invests 180 billion yuan ($25.07 billion) in research annually and sees …

Huawei chips are one generation behind US but firm finding workarounds, CEO says Read More »

By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s central bank rolled out a broad package of economic measures on Monday to boost reserves, including a repurchase agreement, or repo, of up to $2 billion. The move comes ahead of an expected review with the International Monetary Fund of the country’s recently signed $20 billion loan agreement. …

Argentina launches $2 billion repurchase agreement to boost reserves Read More »

By Ross Kerber and Niket Nishant (Reuters) -A lawyer for BlackRock said on Monday that Republican states’ claim that asset managers violated antitrust law through their work with industry climate groups was not “plausible,” as several firms pressed to have the case dismissed. But a lawyer for the states, which include Texas and 12 others, …

BlackRock, other funds clash with Republican states over evidence in climate-investing case Read More »

By Tanay Dhumal (Reuters) -Sunnova Energy said on Sunday it had filed for Chapter 11 bankruptcy protection in the United States, as the residential solar panel installer buckled under the pressure of mounting debt and weakening demand. Sunnova is the second residential solar company to file for bankruptcy this month, reflecting the challenges faced by …

Sunnova files for bankruptcy on residential solar woes Read More »

By Dawn Chmielewski, Aditya Soni and Jaspreet Singh LOS ANGELES (Reuters) -Warner Bros Discovery said it would split into two publicly traded companies, separating its studios and streaming business from its fading cable television networks as the parent of HBO and CNN looks to compete better in the streaming era. The breakup is the latest …

Warner Bros Discovery splits streaming from cable TV in latest media shakeup Read More »

(Reuters) -The U.S. Federal Trade Commission has sought information from some of the world’s top advertising firms as part of a probe into whether advertising and advocacy groups violated anti-trust laws by coordinating boycotts of certain sites, the Wall Street Journal reported on Monday. Omnicom, WPP, Dentsu, Interpublic Group and Publicis Groupe, Havas and Horizon …

FTC seeks information from top ad agencies as part of ad-boycott probe, WSJ reports Read More »