Tag: Business
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Anthropic adds former Harvard science dean to oversight body
Oct 21 : Anthropic said on Wednesday that Christopher Stubbs, former dean of science at Harvard University, had joined its oversight body, which holds the power to appoint a majority of the AI startup’s board.Here are some details:• The oversight group, known as the Long-Term Benefit Trust, advises l
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BlackRock adds robotics ETF to growing ranks of AI-themed products
NEW YORK, Oct 21 : BlackRock rolled out another in a suite of exchange-traded funds tied to AI on Wednesday, even as the willingness of investors to wholeheartedly embrace the theme has hit speed bumps.The global asset manager said that its iShares Future Robotics and Related Technologies ETF will invest in c
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EA to shutter BioWare studio, cut jobs as it narrows game slate
Oct 21 : Electronic Arts is planning to close BioWare, the developer of the “Mass Effect” series of games, and lay off employees to focus on more lucrative projects, the company said on Wednesday in an email to employees. Here are some details:• EA said it would cancel an early-stage “Mass Effect” p
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Netflix has dipped its toe into theatrical. Is it ready to jump in?
Co-CEO Ted Sarandos has said the streamer needs new avenues for growth and to improve execution around its content strategy.
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GM aims to develop vehicles in as little as two years with AI, software push
General Motors is targeting a roughly two-year vehicle development cycle as it expands its use of artificial intelligence, simulation and vehicle software.
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Meta ordered to pay $25 billion to New Mexico after jury finds company misled consumers about data privacy
Oct 21 : A judge in New Mexico ordered Meta Platforms to pay $25 billion on Wednesday after a jury found the company had misled consumers in a case arising from allegations that a political consulting firm involved in Donald Trump’s 2016 presidential campaign obtained data from millions of Facebook users without
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AT&T’s fiber revenue per user to keep sliding as bundle discounts weigh
Oct 21 : AT&T expects average revenue per fiber customer to extend its third-quarter decline into the fourth, as more customers sign up for discounted bundles, suggesting its subscriber-growth strategy is coming at the cost of lower spending per user.The company’s shares fell 6.5 per cent on Wednesday, while
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Wall St sees Tesla-SpaceX merger as inevitable, but split on price
Oct 21 : A Tesla-SpaceX merger appears to be a matter of when, not if, to many on Wall Street. But they disagree on a key factor: how much Tesla shareholders should be paid.That tension runs through a deal where predictions on the premium Tesla shareholders would get to swap into a stock of SpaceX…
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Nvidia’s Huang hails Europe’s AI potential, flanked by robot ducks
AMSTERDAM, Oct 21 : Nvidia CEO Jensen Huang believes that Europe’s engineering expertise gives it an edge in physical AI and robotics, he said on Wednesday as the US tech giant announced expanded partnerships with European manufacturers and startups.”Every company in Europe will become an AI company,” Huang
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Europe’s financial regulators query Google over cloud outage that hit banks
LONDON/PARIS, Oct 21 : Financial regulators in Europe are questioning Google after a cloud computing outage on Tuesday left millions of bank customers without access to key financial services for hours.The European Banking Authority said that it has been in contact with Google Cloud to obtain further informat
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