Technology
June 14, 2024
29 views 3 mins 0

Meta pauses AI models launch in Europe due to Irish request

By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms will not launch its Meta AI models in Europe for now after the Irish privacy regulator told it to delay its plan to harness data from Facebook and Instagram users, the U.S. social media company said on Friday. The move by Meta came after complaints and a […]

Technology
June 14, 2024
33 views 10 mins 0

London Hospitals Knew of Cyber Vulnerabilities Years Before Hack

(Bloomberg) — A group of London hospitals struggling to contain the fallout from a cyberattack against a critical supplier had known for years about weaknesses that left them vulnerable to hacks, according to documents reviewed by Bloomberg News. Most Read from Bloomberg The Guy’s and St Thomas’ NHS Foundation Trust, which runs five major hospitals […]

Technology
June 14, 2024
39 views 7 mins 0

Apple Eyes Best Week Since 2021 on Bet AI iPhones Are Must-Haves

(Bloomberg) — Apple Inc. investors finally have a roadmap for how it will use artificial intelligence — and they’ve responded by pushing the stock toward its best week in more than two years. Most Read from Bloomberg Wall Street is betting that new iPhone AI features — including Apple’s agreement with OpenAI to integrate ChatGPT […]

Technology
June 14, 2024
54 views 7 mins 0

Tesla Investors Get Behind Musk’s Fight for $56 Billion Pay Deal

(Bloomberg) — Tesla Inc. investors re-approved Elon Musk’s compensation and cleared the company moving its legal home to Texas, offering votes of confidence in the chief executive despite a sales slump and falling stock price. Most Read from Bloomberg The proposal to ratify an award of stock options worth up to $55.8 billion passed with […]

Technology
June 14, 2024
64 views 4 mins 0

What Apple’s OpenAI deal means for Google: Morning Brief

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Now that Cupertino has unveiled its AI plans, the relationship between frenemies Apple and Google just got more complicated. That’s because the sometimes-gadget rivals work as partners when it comes to search and […]

Technology
June 14, 2024
11 views 5 mins 0

Mubadala Proposal to Sell Fintech Wefox Opposed by Founders

(Bloomberg) — Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd. in a deal opposed by the German firm’s founders. Most Read from Bloomberg The Abu Dhabi sovereign wealth fund has told Wefox shareholders it expects an offer from Ardonagh that would give the […]

Technology
June 14, 2024
11 views 3 mins 0

Atos Gets €700 Million Bid from France for Strategic Unit

(Bloomberg) — The French government has offered to buy some of Atos SE’s operations in its big data and security unit for an enterprise value of €700 million ($751 million) as part of discussions to restructure the embattled IT company. Most Read from Bloomberg The non-binding bid, part of talks previously disclosed in April, is […]

Technology
June 14, 2024
12 views 8 mins 0

The AI Revolution Comes for Farmers Growing a Third of Our Food

(Bloomberg) — In the village of Ndodo, 25 miles south of the Malawian capital Lilongwe, farmers gather in the shade of an acacia tree as a voice over a smartphone tells them how to get rid of a weevil that’s destroying their sweet potato crops. Most Read from Bloomberg The tips offered by the app […]

Technology
June 14, 2024
46 views 2 mins 0

AI Demand Helps Korean Chip Export Prices to Record Jump in May

(Bloomberg) — The price of South Korea’s semiconductor exports rose at a record pace in May, underscoring the strength of an AI rally powering the country’s economic momentum. Most Read from Bloomberg The notoriously cyclical memory industry, led by Korea’s Samsung Electronics Co. and SK Hynix Inc., is bouncing back from a downturn rapidly, with […]

Technology
June 14, 2024
27 views 3 mins 0

Oil climbs on optimistic demand growth estimates for 2024

By Robert Harvey and Natalie Grover LONDON (Reuters) – Brent oil futures prices ticked higher on Friday and were on course for their best week in more than four months after projections for solid crude oil and fuel demand in 2024. Brent crude futures were up 53 cents at $83.28 a barrel at 1356 GMT. […]

Technology
June 14, 2024
43 views 2 mins 0

Oil prices on track for weekly gain on solid demand outlook

By Katya Golubkova TOKYO (Reuters) – Oil prices fell on Friday but were on track for their first weekly gain in four weeks as markets assessed the impact of higher-for-longer U.S. interest rates versus solid outlooks for crude and fuel demand this year. Brent crude futures were down 72 cents, or 0.87%, to $82.04 a […]