Google consolidates its DeepMind and Research teams amid AI push
(Reuters) – Alphabet-owned Google said on Thursday it would consolidate teams that focus on building artificial intelligence models across its…
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US Congress moves ahead on bill to push TikTok’s Chinese owner to sell
By Moira Warburton WASHINGTON (Reuters) – An effort to force TikTok’s Chinese owner, ByteDance, to sell the social media app…
TSMC expects Q2 sales to jump on ‘insatiable’ AI demand
By Yimou Lee and Faith Hung TAIPEI (Reuters) -TSMC, the world’s largest chipmaker and a major Apple and Nvidia supplier,…
Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say
By Foo Yun Chee and Yuvraj Malik (Reuters) -EU antitrust regulators have concluded that Microsoft’s $13 billion investment into OpenAI…
NY Fed sees more time needed to shrink central bank holdings
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s effort to contract its balance sheet will likely run…
Trump Media shares tank after filing shows more stock may be sold
By Echo Wang (Reuters) -Shares of Donald Trump’s social media company slumped 18% on Monday, extending losses since the stock’s…
Microsoft to invest $1.5 billion in Emirati AI firm G42 for minority stake
DUBAI (Reuters) -Microsoft is investing $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. giant a…
Lockheed wins US missile defense contract worth $17 billion
By Mike Stone (Reuters) -Lockheed Martin has won a $17 billion contract to develop the next generation of interceptors to…
Fed’s reverse repo facility plummets to lowest level in nearly three years
By Michael S. Derby NEW YORK (Reuters) -A key Federal Reserve facility that takes in cash from money market funds…
Apple denies violating US court order in Epic Games lawsuit
By Mike Scarcella (Reuters) – IPhone maker Apple on Friday denied violating a court order governing its App Store and…