Tag: Business
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Yen gains sharply against US dollar
Sept 2 : The Japanese yen gained sharply against the U.S. dollar on Wednesday, after having retraced over the last month approximately half of its increases made after a rare joint intervention by the U.S. and Japan at the end of July. It was not immediately clear what prompted the move. The yen, which had
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Google defeats US bid to force ad tech sale
Sept 2 : Alphabet’s Google escaped a breakup of its advertising technology business on Wednesday, when a judge in Virginia rejected U.S. antitrust enforcers’ bid to force a sale of Google’s online advertising exchange.While the ad exchange is a small part of Google’s business, the ruling is the second powerfu
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US government backs OpenAI in New York Times copyright case
Sept 2 : The Trump administration has filed a brief supporting OpenAI in its dispute with the New York Times and several other newspapers over the company’s use of their work to train the large language models behind ChatGPT, saying AI training generally makes fair use of copyrighted material.The brief, file
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Ford continues ramping up pickup truck production as sales fall 10.3% in August
An increase in the supply of pickup trucks comes as Ford experienced its eighth consecutive month of year-over-year U.S. new vehicle sales declines in August.
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Berkshire CEO Abel says AI to help power growth
NEW YORK, Sept 2 : Berkshire Hathaway CEO Greg Abel said on Wednesday he sees significant opportunities for the conglomerate from the buildout of AI data centers, after Berkshire made Alphabet its third-largest common stock holding.Abel separately said American consumers remain under stress from elevated inf
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Europe may accelerate space launches to meet satellite demand
PARIS, Sept 2 : The European Space Agency is weighing an increase in the planned launch schedules of Ariane 6 and Vega-C rockets in coming years to overcome a potential bottleneck in satellite launches, the head of the 23-nation body said on Wednesday.Director General Josef Aschbacher told a group of reporter
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Owkin signs AI drug discovery deal with Boehringer for cancer, immunology
Sept 2 : AI company Owkin said on Wednesday it has signed a licensing deal with Germany’s Boehringer Ingelheim, giving the drugmaker access to its AI research platform and patient data to speed up discovery of drugs for cancer and immunity-related diseases.The deal adds Boehringer to a growing list of drugmak
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US eyes airlines, digital assets as Iran-related targets, Bessent says
WASHINGTON, Sept 2 : U.S. Treasury Secretary Scott Bessent on Wednesday said airlines, the maritime industry and digital assets could be possible targets as the Trump administration continues its planned efforts to squeeze Iran’s economy.Bessent, asked about Russian support for Iran in an interview on Fox New
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Clooney tells Venice festival that AI threatens film and journalism
VENICE, Sept 2 : U.S. actor George Clooney warned on Wednesday that advances in artificial intelligence were making it increasingly difficult to distinguish truth from fiction, posing a challenge for journalists, governments and the public.Speaking at the Venice Film Festival, where he is receiving a Golden L
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Nvidia CEO urges G20 to avoid AI rules on ‘theoretical’ harms
CHAPEL HILL, North Carolina, Sept 2 : Nvidia CEO Jensen Huang pressed G20 countries on Wednesday to avoid writing regulations for AI that focus on “theoretical harms,” and instead develop rules governing real-world problems connected to the technology. Huang made the comment at a tech-focused G20 meeting in
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