More than 20 companies in the burgeoning carbon removal industry on Thursday launched a coalition that will lobby the U.S. government for new policies to help commercialize the nascent technology, which has received a flood of private investment in recent years. The CRA will represent companies developing technologies to remove carbon emissions, buyers of credits […]
Reuters
Wall Street’s main indexes fell more than 1% on Friday as a surge in consumer spending and inflation in January sparked concerns that the Federal Reserve will stick to its hawkish stance for longer. The personal consumption expenditures (PCE) price index, the Fed’s preferred gauge of inflation, shot up 0.6% last month after gaining 0.2% […]
The White House is considering two economists who held senior Treasury Department posts in the Obama administration for the No. 2 job at the Federal Reserve, the Wall Street Journal reported on Wednesday. Both Janice Eberly and Karen Dynan served as the chief economist at Treasury during Barack Obama’s presidency and are well regarded by […]
A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away, construction began on a $20 billion plant that will take pizza-sized silicon wafers and make them into computer chips used in everything from data centers to cars. The two Ohio […]
Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S. securities regulator against ex-Coinbase employees accused of insider trading, arguing that the case unfairly labeled several crypto assets as securities. The group said in an amicus brief filed Wednesday in a district court in Washington […]
Mercedes-Benz said on Wednesday it has teamed up with Google on navigation and will offer “super computer-like performance” in every car with automated driving sensors as it seeks to compete with Tesla and Chinese newcomers. Automakers new and old are racing to match software-powered features pioneered by Tesla, which allow for vehicle performance, battery range […]
For markets increasingly wary of the inflation and interest rate implications of re-accelerating world growth, the positive of a new burst of economic confidence in the tech sector adds some cheer at least. The new year craze in artificial intelligence and chatbots seems to have electrified chip designer Nvidia, whose stock surged more than 8% […]
Observations by NASA’s James Webb Space Telescope are upending the understanding of the early universe, indicating the presence of large and mature but remarkably compact galaxies teeming with stars far sooner than scientists had considered possible. Astronomers said data obtained by the telescope reveals what appear to be six big galaxies as mature as our […]
As Alphabet Inc looks past a chatbot flub that helped erase $100 billion from its market value, another challenge is emerging from its efforts to add generative artificial intelligence to its popular Google Search: the cost. Executives across the technology sector are talking about how to operate AI like ChatGPT while accounting for the high […]
The global buzz around Microsoft chatbot ChatGPT has spread to China, shoring up stocks in artificial intelligence (AI) related firms and prompting a flurry of local companies to announce rival projects. Like Microsoft and Google，Chinese tech giants such as Baidu and Alibaba as well as smaller start-ups have been working on AI projects for years. […]