Latest
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Technology
Japan's Resonac to open chip packaging R&D centre in US
TOKYO (Reuters) - Japanese chip materials maker Resonac said on Wednesday it will set up a research and development centre for advanced semiconductor packaging and materials in Silicon Valley.
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AI
OpenAI encourages staff to focus on work despite boardroom chaos
It’s time to “get back to shipping” products, a senior OpenAI manager told staffers Tuesday, part of an effort to get the company focused on developing software and forging partnerships instead of the will-he-won’t-he drama over whether Sam Altman, summarily fired by the board on Nov 17, will return to the chief executive officer role.
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Gadgets
From memory to learning, how screen time shapes children’s brains
It’s widely acknowledged that children are spending more and more time using tech devices, but less is known about the long-term effects of this screen time. A team of researchers has analysed over 30 studies published on the subject over the past 23 years.
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Internet
US university ex-coach admits to duping women in nude photo scheme
A former Northeastern University track-and-field coach pleaded guilty on Nov 21 to charges involving a scheme to steal nude photos from the cellphones of female athletes and dupe young women at the school and elsewhere into sending him such images.
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Technology
Judge finds evidence that Tesla, Musk knew about Autopilot defect
(Reuters) -A Florida judge found "reasonable evidence" that Tesla Chief Executive Elon Musk and other managers knew the automaker's vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling.
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Technology
Few ways to force OpenAI governance changes
(Reuters) -Few people can force OpenAI to change governance at the crisis-stricken artificial-intelligence company, and the head of Microsoft, a major financial backer, is not one of them, according to legal experts.
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AI
Americans are embracing AI, while usage in China lags behind
For just over a year now, artificial intelligence has been shaking up the lives of Internet users. In the wake of ChatGPT, dozens of services have sprung up, with varying degrees of success.
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Technology
New York City investment chief calls on Tesla to sanction Musk unless he apologizes
NEW YORK (Reuters) - New York City Comptroller Brad Lander told Reuters on Tuesday that Tesla's board of directors should sanction CEO Elon Musk if he does not apologize for endorsing an antisemitic comment on his social media platform X.
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Technology
US agency streamlines probes related to artificial intelligence
WASHINGTON (Reuters) - Investigations of cases where artificial intelligence (AI) is used to break the law will be streamlined under a new process approved by the U.S. Federal Trade Commission, the agency said on Tuesday.
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Technology
Binance's Zhao says Richard Teng to become next CEO
(Reuters) - Binance founder Changpeng Zhao said on Tuesday insider Richard Teng has been named the new chief executive of the cryptocurrency exhange.
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Technology
Trading in Nvidia ETFs shows traders preparing for upbeat earnings
(Reuters) - Trading volumes in leveraged ETFs tied to Nvidia on Tuesday showed many traders anticipate yet another upside earnings surprise and bullish outlook when the chipmaker reports quarterly results after the bell.
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Technology
OpenAI, Microsoft hit with new author copyright lawsuit over AI training
(Reuters) -OpenAI and Microsoft were sued on Tuesday over claims that they misused the work of nonfiction authors to train the artificial intelligence models that underlie services like OpenAI's chatbot ChatGPT.
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Technology
Celsius Network pivots to bitcoin mining after bankruptcy
NEW YORK (Reuters) - Crypto lender Celsius Network has scaled back its post-bankruptcy business plans to focus only on bitcoin mining, citing U.S. regulators' skepticism of its other planned business lines.
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Technology
Binance chief will admit violating US laws as part of $4 billion deal to resolve probe
NEW YORK (Reuters) - Binance Holdings chief Changpeng Zhao will admit violating U.S. laws as part of a deal to resolve a U.S. probe into illicit finance breaches, according to a source familiar with matter.
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Technology
OpenAI board, Altman in talks for return of former CEO - Bloomberg News
(Reuters) -Sam Altman and OpenAI's board have opened discussions to bring back the former CEO of the ChatGPT owner, Bloomberg News reported on Tuesday, citing people familiar with the matter.
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Technology
Blackstone and Permira lead $13 billion bid for Adevinta
(Reuters) -A private equity consortium including Permira and Blackstone on Tuesday said they plan to acquire eBay-backed online classifieds group Adevinta ASA for about 141 billion Norwegian crowns ($13.1 billion), in one of Europe's biggest buyouts this year.
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Technology
Sony facing $7.9 billion mass lawsuit over PlayStation Store prices
LONDON (Reuters) - Sony must face a mass lawsuit worth up to 6.3 billion pounds ($7.9 billion) over claims the PlayStation maker abused its dominant position leading to unfair prices for customers, a London tribunal ruled on Tuesday.
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Technology
Jeff Bezos expected to sell more Amazon shares worth $1 billion - CNBC
(Reuters) - Amazon.com founder Jeff Bezos is expected to offload more of his stake in the company on Tuesday after selling shares worth about $240 million last week, CNBC reported, citing a source.
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Technology
US authorities set to unveil settlement with Binance -source
NEW YORK (Reuters) -U.S. government authorities are expected to unveil a settlement with Binance Holdings on Tuesday, resolving a years-long investigation into the world's largest crypto exchange, according to a source familiar with the matter.
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Technology
Crypto investors cheer talk of Binance criminal probe resolution
LONDON (Reuters) - Crypto investors have welcomed the prospect of a resolution of a long-running U.S. criminal investigation into Binance, reckoning any deal that allows the major exchange to continue operating would remove a nagging risk to the wider market.
