Tag: reuters
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Nvidia’s bet that its chips can finance the AI boom gets a Wall Street reality check
NEW YORK, Oct 1 : Nvidia’s mammoth financing plan has opened a debate on Wall Street about how much its advanced chips and the infrastructure around them are worth. The answer for banks and investors seems to be: Not as much as Nvidia thinks. Some lenders want higher guarantees than the company had originall
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Amazon, Walmart’s Flipkart launch review of unlicensed security camera listings on India platforms
NEW DELHI, Oct 1 : Amazon and Walmart’s Flipkart have begun checking security camera listings on their platforms in India after hundreds of unlicensed products were offered for sale despite strict government testing rules imposed six months ago amid concerns about espionage risks.The two e-commerce companies
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EU questions Binance over continued operations despite wind-down order, FT reports
Oct 1 : EU officials are questioning Binance over its use of a legal exemption to continue serving customers in the region despite an order to wind down its business in the bloc, the Financial Times reported on Thursday, citing people familiar with the matter.Binance, the world’s largest cryptocurrency exchan
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ShinyHunters website goes offline after FBI deadline expires
Sept 30 : The website used by ShinyHunters, the group that claimed responsibility for a recent hack of thousands of FBI agents’ personal and sensitive data, went offline on Wednesday, a day after the group’s deadline for the FBI to retract or modify a statement about the group’s tactics and track record expired.
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FTC opens probe into AI giants including Anthropic and OpenAI
Sept 30 : The Federal Trade Commission is conducting an industry-wide probe into Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, a senior FTC official told Reuters on Wednesday.The probe is the first official US regulatory action delving into rogue AI
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Man City could face years of legal battles after Premier League verdict, experts say
MANCHESTER, England, Sept 30 : Manchester City’s case over breaches of Premier League financial rules could run for years, lawyers say, as appeals and further claims threaten to prolong a saga that has already reshaped English football’s financial landscape.The League said on Tuesday that City had used “sham”
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Exclusive-Anthropic IPO prospectus lays bare deep dependence on Big Tech partners
Sept 29 : Anthropic’s IPO prospectus shows how much it depends on a small group of customers and tech giants, highlighting key risks for the AI developer as it asks investors to back its ambitious, capital-intensive plan that it says will transform the global economy.The company routed 47 per cent of its sale
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Inside McDonald’s push to have AI price your Big Mac
NEW YORK, Sept 29 : McDonald’s is increasingly using artificial intelligence to guide menu prices across the U.S. and some global markets, a plan that aims to boost headquarters’ profit but risks alienating customers and attracting antitrust scrutiny. One pricing factor supercharged by AI: an estimate of
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US appeals court upholds Thomson Reuters’ landmark win in AI training lawsuit
Sept 29 : A US appeals court on Tuesday upheld a ruling for information services company Thomson Reuters in its copyright dispute with former legal-research rival Ross Intelligence over Ross’ alleged misuse of copyrighted material to train an AI-powered legal search engine.The Philadelphia-based 3rd US Circ
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European telcos may get more time to phase out high-risk suppliers under EU proposal
BRUSSELS, Sept 29 : Europe’s mobile telecoms operators could get more time to phase out equipment from suppliers deemed high risk, according to a proposal by EU governments seen by Reuters, after the sector complained replacement could reach €40 billion ($45 billion).The European Commission proposed in J
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