Apple Inc is in talks with suppliers to make MacBooks in Thailand as part of the company’s ongoing efforts to expand its manufacturing presence beyond China, Nikkei reported on Thursday. Suppliers who are participating in these talks have existing manufacturing complexes in Thailand for other clients, and are discussing possible assembly and production of components […]
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Face it, we could all use a little help with our money. So who better to ask for personal finance advice than a couple of the most powerful chatbots on the planet? Both OpenAI’s ChatGPT and Google’s Bard are dominating headlines recently, for their generative capabilities and vast storehouses of information. Each has far more […]
A tempest has erupted over a letter co-signed by Elon Musk and thousands of others calling for a halt to AI research after the researchers listed in the letter denounced its use of their work, some signatories were found to be phony, and others withdrew their support. But let us take a closer look. A […]
European Union plans, due next week, will seek to speed up handling of failing banks to ensure they are not bailed out by taxpayers but “bailed in” using their own resources, EU documents seen by Reuters showed. The draft plans would have a requirement for EU authorities, including the European Central Bank, to give an […]
Intel Corp on Wednesday said its chip contract manufacturing division will work with U.K.-based chip designer Arm Ltd to ensure that mobile phone chips and other products that use Arm’s technology can be made in Intel’s factories. Once the biggest name in chips known as central processing units (CPUs), Intel has seen long seen its […]
The Federal Deposit Insurance Corp is expected to propose next month how to make the U.S. banking sector pay for an estimated $23 billion hole in its insurance fund by the collapse of Silicon Valley Bank and Signature Bank in March. The agency has broad authority in setting the terms of what is known as […]
Deutsche Bank is looking for ways to minimise business disruption as it reduces risks from its Russian technology operations in line with the law, Germany’s biggest lender said on Wednesday. The comments by a bank spokesperson followed a report in the Financial Times that the bank was winding down its remaining software technology operations in […]
A former Deutsche Bank AG investment banker has been charged in an indictment unsealed on Tuesday with misappropriating funds from investors whom he wooed with promises of big returns from cryptocurrency trading. Rashawn Russell, 27, of Brooklyn, solicited investments from friends and colleagues but used the funds for gambling and other personal expenses, federal prosecutors […]
Sweden, South Africa and Australia are at the forefront of a push to transform piles of mine waste and by-products into rare earths vital for the green energy revolution, hoping to substantially cut dependence on Chinese supply. Prices of the minerals used in products from electric cars to wind turbines have been strong, and a […]
Credit Suisse has already paid back some of the emergency liquidity offered by the Swiss National Bank (SNB), data suggested on Tuesday, signaling an ebbing of the liquidity crisis which triggered the lender’s fall. Sight deposits – cash held by commercial banks overnight with the SNB – fell by 31 billion Swiss francs ($34.3 billion)last […]