ChatGPT maker OpenAI says it has no plans to leave Europe

ChatGPT maker OpenAI says it has no plans to leave Europe

OpenAI CEO rescinds earlier threat to leave Europe Dit had a productive week of AI regulation conversations European lawmakers criticized OpenAI’s threat zone May 26 (Reuters) – OpenAI has no plans to leave Europe, CEO Sam Altman said on Friday, reversing a threat made earlier this week to leave the region if it became too … Read more

More insurers are deserting the net zero alliance as the UN climate group sounds the alarm

More insurers are deserting the net zero alliance as the UN climate group sounds the alarm

(1/3) The logo of insurer Allianz SE is seen on the company’s building in Puteaux, in the financial and business district of La Defense near Paris, outside Paris, France, May 14, 2018. REUTERS/Charles Platiau /File Photo Lloyd’s of London is the latest of the six to leave NZIA UN group warns ‘political attacks’ hurt insurers … Read more

OpenAI CEO’s threat to leave the EU draws backlash from lawmakers

OpenAI CEO’s threat to leave the EU draws backlash from lawmakers

(1/4) Sam Altman, CEO of OpenAI, meets with French President Emmanuel Macron (not pictured) at the Elysee Palace in Paris, France, May 23, 2023. President Macron meets Altman, creator of ChatGP, to discuss artificial intelligence issues . YOAN VALAT /Pool via REUTERS/File Photo OpenAI’s Altman warns EU not to over-regulate EU lawmakers dispute Altman’s claim … Read more

Wall Street ends higher as Nvidia triggers AI stock rush

Wall Street ends higher as Nvidia triggers AI stock rush

Nvidia Hits All-Time High on Optimistic Forecast AI heavy gamers, Microsoft, rising alphabet Two rating agencies place US credit on negative watch Closing indices: S&P 500 +0.88%, Nasdaq +1.71%, Dow -0.11% May 25 (Reuters) – Wall Street ended sharply higher on Thursday after an explosive forecast from Nvidia sent shares of the chipmaker soaring and … Read more

AAArrgg! Stocks in debt ceiling danger zone after US rating warning

AAArrgg!  Stocks in debt ceiling danger zone after US rating warning

(1/2) The US Capitol is reflected in a falling puddle amid ongoing negotiations seeking a deal to raise the US debt ceiling and avert a catastrophic default, in Washington, US, on May 24, 2023. REUTERS/Jonathan Ernst SINGAPORE, May 25 (Reuters) – Markets were stuck in U.S. debt ceiling limbo on Thursday as Europe largely shrugged … Read more

Nvidia shares soar almost 30% as sales forecasts rise and AI explodes

Nvidia shares soar almost 30% as sales forecasts rise and AI explodes

May 24 (Reuters) – Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it was increasing supply to meet demand. growing demand for its artificial intelligence chips, which are used for power ChatGPT and many similar services. Shares of Nvidia, the world’s most valuable listed semiconductor company, soared … Read more

Facebook owner Meta begins latest round of layoffs

Facebook owner Meta begins latest round of layoffs

NEW YORK, May 24 (Reuters) – Meta Platforms Inc (META.O) carried out the latest batch of three-part layoffs on Wednesday, according to a person familiar with the matter, as part of a plan announced in March . eliminate 10,000 roles. Meta earlier this year became the first Big Tech company to announce a second round … Read more

Target removal of some LGBTQ merchandise following customer backlash

Target removal of some LGBTQ merchandise following customer backlash

(1/2) A shopping cart is seen at a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. REUTERS/Brendan McDermid NEW YORK, May 23 (Reuters) – (This May 23 story has been edited to correct spelling of Carnell’s first name to Erik, from Eric, in paragraph 8) Target, which launched its Pride … Read more

US lawmaker seeks action against Chinese chip company CXMT after Micron

US lawmaker seeks action against Chinese chip company CXMT after Micron

(1/2) Committee Chairman U.S. Representative Mike Gallagher (R-WI) listens during a meeting of the House Select Committee on Strategic Competition between the United States and the Chinese Communist Party on “Taiwan Tabletop Exercise (TTX)” , a simulation of war games, on Capitol Hill in Washington, United States, on April 19… Learn more WASHINGTON, May 23 … Read more

PacWest shares jump after selling $2.6 billion home loan

PacWest shares jump after selling .6 billion home loan

May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced it had agreed to sell $2.6 billion in construction home loans at a price reduced in order to improve its balance sheet. PacWest shares rose nearly 20% on the deal, giving the Los Angeles-based bank breathing space … Read more