U.S. President Joe Biden will discuss the “risks and opportunities” that artificial intelligence poses for people, society and national security during a meeting with science and technology advisers at the White House on Tuesday, an official said. Biden, a Democrat, is scheduled to meet with the President’s Council of Advisors on Science and Technology (PCAST) […]
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U.S. President Joe Biden’s administration said on Monday it could not confirm reports that China was able to collect real-time data from a spy balloon as it flew over sensitive military sites earlier this year, saying analysis was still ongoing. NBC News on Monday reported that the Chinese balloon was able to transmit data back […]
Credit Suisse is expected to face shareholder anger at what will be its final annual general meeting on Tuesday after the bank was rescued last month by rival UBS. The hastily arranged takeover by Zurich-based UBS, for which Switzerland invoked emergency legislation, bypassed Credit Suisse shareholders, who would otherwise have had a say, and largely […]
Asian stocks slipped on Tuesday as investors grappled with inflation concerns in the wake of the surprise cuts to the OPEC+ group’s oil output targets, while treasury yields fell after frail U.S. manufacturing data renewed anxiety about the economy. An announcement on Sunday of output target cuts by the Organization of the Petroleum Exporting Countries […]
Even as bitcoin flies high, investors are keeping their options open, judging by a record race to derivatives. Open interest for bitcoin options and futures has spiked over the past month as fear has stalked global banking, hitting an all-time high of 433,540 contracts on March 23 on Deribit, a leading exchange for crypto-focused derivatives […]
Australia banned TikTok on Tuesday from all federal government-owned devices over security concerns, becoming the latest U.S.-allied country to take action against the Chinese-owned video app. The ban underscores growing worries that China could use the Beijing-based company, owned by ByteDance Ltd, to harvest users’ data to advance its political agenda, undermining Western security interests. […]
Italy’s Data Protection Authority said on Tuesday that it would hold a meeting with representatives of OpenAI on Wednesday evening, after the authority temporarily banned the ChatGPT chatbot. The Italian authority added that OpenAI sent a letter on Monday to express its willingness to collaborate in order to respect the European privacy rules and reach […]
Chinese regulators have slowed down their merger reviews of several proposed acquisitions by U.S. companies, the Wall Street Journal reported on Tuesday, a move seen as a response to Washington’s curbs on China’s tech industry. The potential slowdown includes deals such as Intel Corp’s $5.2 billion takeover of Tower Semiconductor Ltd and chipmaker MaxLinear Inc’s […]
Stellantis and BMW are in talks with Panasonic Holdings about teaming up to build electric vehicle battery plants in North America, the Wall Street Journal reported on Tuesday, citing people familiar with the talks. Global automakers are investing billions of dollars to setup battery plants for electric vehicles, as demand surges for less polluting transport […]
A federal jury in San Francisco on Monday ordered Tesla Inc to pay about $3.2 million to a Black former employee after he won a racial harassment lawsuit against the electric-vehicle maker, far less than the $15 million he rejected last year in opting for a new trial. The verdict came after a week-long retrial […]