(Bloomberg) — The Yemeni government is holding back repairs on a key internet cable that’s been damaged in the Red Sea as it conducts a criminal investigation into the cable owners’ alleged ties to the Houthi militia. Most Read from Bloomberg The Iran-backed Houthis, designated as a terrorist organization by the US and its allies, […]
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – The chief executive of Brazilian state-run oil company Petrobras offered to step down on Tuesday, the company said, sending shares sliding as investors braced for the possibility of more political interference at the firm. Chief Executive Jean Paul Prates asked the Petrobras board to meet and […]
By Emily Chow SINGAPORE (Reuters) – Oil prices rose on Wednesday on expectations for higher demand as the U.S. dollar weakened and a report showed U.S. crude and gasoline inventories fell while the release of inflation data may point to a more supportive economic outlook. Brent crude futures were up 51 cents, or 0.6%, at […]
By Katya Golubkova TOKYO (Reuters) – Oil prices rose in early trade on Wednesday as large wildfires were threatening Canada’s oil sands and as the market expected U.S. crude oil and gasoline inventories to show a drawdown later in the day. Brent crude futures were up 34 cents, or 0.4% at $82.71 a barrel. U.S. […]
By Scott DiSavino NEW YORK (Reuters) – Oil prices rose nearly 1% on Wednesday from a two-month low in the prior session as the market balanced bullish U.S. economic and crude storage data against the International Energy Agency’s (IEA) forecast for weaker global oil demand growth. Brent futures rose 37 cents, or 0.5%, to settle […]
SAN FRANCISCO (AP) — OpenAI co-founder Ilya Sutskever, one of the original creators of the artificial intelligence technology behind ChatGPT, said Tuesday he is leaving the company after a nearly decade. Sutskever was one of four board members last fall who voted to push out CEO Sam Altman from the company — only to quickly […]
Big-name funds pile into real estate debt as banks retreat LONDON (Reuters) -Some of the world’s largest investors are making deeper inroads into lending to commercial property, as they snap up market share from retreating banks and bet on an end to the sharp drops in real estate prices. U.S. fund firms PGIM, LaSalle and […]
(Bloomberg) — OpenAI Chief Scientist Ilya Sutskever is departing the artificial intelligence giant, and will be replaced by Research Director Jakub Pachocki. Most Read from Bloomberg Sutskever, part of the founding team at the company, was also a key player in the brief but dramatic ouster of OpenAI Chief Executive Officer Sam Altman in November. […]
(Bloomberg) — Google Glass — the augmented-reality headset that flopped with consumers a decade ago — is poised for a revival, thanks to artificial intelligence. Most Read from Bloomberg Alphabet Inc.’s Google has struggled for years to get AR spectacles to work. After the initial headset was phased out in 2015, the company sold enterprise […]
(Bloomberg) — The April heat wave that swept through Asia, bringing temperatures as high as 46C (115F) in some places, was much more severe and likely to occur than it would have been in a world without climate change, scientists have concluded. Most Read from Bloomberg Extreme heat affected hundreds of millions across the region […]
By David Lawder WASHINGTON (Reuters) – The Biden administration’s new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of U.S. manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them. U.S. officials and trade experts say that without strong efforts […]
(Bloomberg) — Amazon.com Inc.’s newly named cloud chief, Matt Garman, inherits a $100-billion-a-year business that’s as profitable as it has ever been. He also faces the daunting task of retaining the cloud-computing pioneer’s edge in the artificial intelligence age. Most Read from Bloomberg A longtime Amazon Web Services engineering leader who was most recently sales […]
