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Putin Urges Business Leaders to Build New Russian Economy

President Vladimir Putin on Thursday called on Russia’s billionaires and business elite to invest in new technology, production facilities and enterprises to help Russia overcome what he said were Western attempts to destroy its economy. Putin said Russia had so far defied those Western attempts, and that Western firms that had decided to stay in […]

ABB Invests in US Robot Factory as Reshoring Trend Hots up

ABB is expanding its main US robot factory as its customers there in the automotive, packaging and machinery industries confront a tight labour market as they bring production back home. The Swiss engineering company, which competes with Japan’s FANUC and Germany’s Kuka, is spending $20 million boosting capacity at its Auburn Hills site in Michigan […]

EU to Unveil Plans for Leadership in Green Industrial Revolution

The European Commission on Thursday will present the centrepieces of its strategy to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition. The EU executive’s Net-Zero Industry Act and Critical Raw Materials Act, part of its Green Deal Industrial […]

China's Answer to ChatGPT? Baidu Shares Tumble as It Unveils Ernie Bot

Chinese search engine giant Baidu on Thursday unveiled its much-anticipated artificial intelligence-powered chatbot known as Ernie Bot, giving the world a glimpse of what could be China’s strongest rival to U.S. research lab OpenAI’s ChatGPT. The popularity of ChatGPT, backed by Microsoft, has triggered a frenzied rush among Chinese tech giants and startups alike to […]

TikTok Says US Threatens Ban if Chinese Owners Don't Sell Stakes

The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters on Wednesday. The move is the most dramatic in a series of recent steps by U.S. officials and legislators who have raised fears that TikTok’s U.S. user data […]

U.S. Copyright Office Says Some AI-assisted Works May Be Copyrighted

The U.S. Copyright Office issued new guidance on Wednesday to clarify when artistic works created with the help of artificial intelligence are copyright eligible. Building on a decision it issued last month rejecting copyrights for images created by the generative AI system Midjourney, the office said copyright protection depends on whether AI’s contributions are “the […]

Russian Hackers Preparing New Cyber Assault Against Ukraine - Microsoft Report

Russian hackers appear to be preparing a renewed wave of cyber attacks against Ukraine, including a “ransomware-style” threat to organizations serving Ukraine’s supply lines, a research report by Microsoft said on Wednesday. The report, authored by the tech giant’s cyber security research and analysis team, outlines a series of new discoveries about how Russian hackers […]

Analysis - For Goldman Sachs, SVB's Botched Stock Sale Had a Silver Lining

As SVB Financial Group wrestled with a capital shortfall and the prospect of a downgrade to its credit rating last week, it went to Goldman Sachs Group Inc and worked out an unusual two-part plan, according to people familiar with the discussions. The investment bank would buy a $21.5 billion bond portfolio from SVB to […]

Blockchain in Supply Chain Management: A Good Idea?

The creation and subsequent application of blockchain technology in several sectors have bridged various gaps. Despite the technology still being in its primitive phase, people seem to think it is a miracle solution to every human error and want to tailor a place for it to go in every department. One such department is supply […]