Senate Energy Committee Chair Joe Manchin said on Wednesday he may go to court after the U.S. Treasury releases guidance later this week on battery sourcing guidance for electric vehicle tax credits. “If it goes off the rails” and violates the intent of the climate legislation approved in August, “I will do whatever I can […]
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The tech ethics group Center for Artificial Intelligence and Digital Policy is asking the U.S. Federal Trade Commission to stop OpenAI from issuing new commercial releases of GPT-4, which has wowed some users and caused distress for others with its quick and human-like responses to queries. In a complaint to the agency on Thursday, which […]
The Philadelphia semiconductor index hit its highest level in nearly a year on Thursday, as optimism grows that a sales downturn in the industry has reached its nadir, in part due to a surge in artificial intelligence (AI) technology. The index climbed 1.6%, adding to a gain of more than 3% on Wednesday, and it […]
Republican lawmakers on Wednesday prodded Wall Street’s top regulator to justify his agency’s efforts to regulate companies’ climate disclosures and criticized the U.S. Securities and Exchange Commission for what they said was hasty rulemaking. In an appearance before a House of Representatives panel overseeing federal spending, SEC Chair Gary Gensler defended the agency’s request for […]
The United States and some of its partner countries on Thursday called for strict domestic and international controls to counter the proliferation and misuse of commercial spyware. The joint statement was issued by the governments of Australia, Canada, Costa Rica, Denmark, France, New Zealand, Norway, Sweden, Switzerland, the United Kingdom, and the United States. The […]
Meta Platforms Inc said on Thursday it would change the legal basis on how Facebook and Instagram use personal data to target advertising in the European Union, after the bloc’s privacy regulator fined it for alleged breaches in January. The move, Meta said, will give EU users more options around how their data is handled […]
German inflation eased significantly in March on the back of lower energy prices but still came in above forecast, adding to pressure on the European Central Bank to further tighten its monetary policy. German consumer prices, harmonised to compare with other European Union countries, rose by an annual 7.8% in March, preliminary data from the […]
U.S. Treasury Secretary Janet Yellen said on Thursday that banking regulation and supervisory rules need to be re-examined in the wake of the Silicon Valley Bank and Signature Bank failures to ensure current banking system risks are addressed. In remarks prepared for delivery to the National Association for Business Economics, Yellen also called for stronger […]
Three major jolts in as many years coupled with the once unthinkable possibility of a power grid collapse have spooked reinsurers in South Africa, spelling an end to cheap coverage in the continent’s most developed insurance market. Insurance premiums are climbing worldwide on the back of rising inflation and interest rate hikes. But reinsurance rates […]
The criteria for new U.S. semiconductor subsidies is worrying companies such as Samsung Electronics Co Ltd and SK Hynix Inc, South Korean President Yoon Suk Yeol said on Thursday, a concern shared by the world’s leading contract chipmaker in Taiwan. Conditions include sharing excess profit with the U.S. government, and three industry sources said the […]