Tag: Business
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Valar nuclear startup partners with Nvidia on data center aiming to conserve water
July 1 : Valar Atomics, a nuclear power startup, said on Wednesday it is partnering with Nvidia to develop a small data center in Utah that the companies claim will show how computing facilities needed for AI can conserve water.California-based Valar announced the partnership in Utah at the site of its small
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US FTC says AI bias safeguards may run afoul of consumer law
WASHINGTON, July 1 : The Federal Trade Commission on Wednesday said AI companies whose chatbots produce responses that reflect “ideological objectives” may violate federal law, as part of a proposed policy on how the FTC will apply its authority to the sector.The FTC said AI companies that train their chatbot
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US LNG exports to Europe decline as Asia prices surge
HOUSTON, July 1 : For the first time in nearly two years, less than half of U.S. LNG exports last month went to Europe as stronger prices in Asia and record imports by Egypt diverted cargoes, according to preliminary ship-tracking data from LSEG.The shift marks the first time since July 2024 that Europe has n
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Russia warns Apple of $52 million fine over alleged bias against local apps
MOSCOW, July 1 : Russia’s anti-monopoly watchdog has issued a warning to iPhone maker Apple, urging the company to address what it described as discriminatory practices against Russian search engines and software.The Federal Antimonopoly Service said Apple must ensure Russian software, including search engine
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Fed’s Warsh plans to harness better economic data within a year
SINTRA, Portugal, July 1 : Federal Reserve Chairman Kevin Warsh set an ambitious timeline on Wednesday for the U.S. central bank to “discover” and start relying on real-time economic data that’s superior to what he described as problematic government reports.”My aspiration is that nine to 12 months from now w
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Oaktree-backed ITG jumps in Nasdaq debut, signaling strong AI infrastructure demand
July 1 : ITG’s shares rose 12.5 per cent in their Nasdaq debut on Wednesday, giving the Oaktree-backed digital infrastructure company a market value of $2.18 billion as investors continued to back firms tied to the AI boom.The debut adds to signs that investor appetite for companies supporting the AI buildout
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India asks WhatsApp to hold ‘usernames’ rollout pending consultations, letter shows
July 1 : India on Wednesday directed Meta’s WhatsApp to explain within three days why regulatory action should not be initiated over its planned “usernames” feature and asked the company not to roll out the feature in the country until consultations are complete, according to a government letter reviewed by Reuters.
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California man with bipolar disorder says ChatGPT fueled delusions, led to self-harm in new lawsuit
July 1 : A California man sued OpenAI and its CEO Sam Altman on Wednesday, claiming the company’s ChatGPT platform exacerbated his bipolar disorder due to a lack of safeguards for users with mental illness.Michael Lines, 34, said in the complaint filed in state court in San Francisco that conversations he ha
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Cigna invests $100 million in new AI-powered specialty pharmacy program
July 1 : Cigna said on Wednesday its health services unit Evernorth has launched a new AI-powered specialty pharmacy program to reduce the time it takes to process prescriptions and improve customer service. The program, called Pharmacy Forward, is supported by a $100 million investment through 2028, the heal
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Toyota US second-quarter sales up 1%
July 1 : Japan’s Toyota reported a 1.1 per cent rise in U.S. sales during the second quarter, helped by demand from its hybrid models and affordable cars. The automaker reported sales of 673,971 units, compared with 666,469 units a year ago.
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