LONDON : Fines imposed by Russian courts on Alphabet’s Google and YouTube, Meta, TikTok and Telegram appear to have been settled as the companies are no longer registered as borrowers in the state bailiffs’ database. But the database, viewed by Reuters on Wednesday, still includes X (formerly Twitter) and Twitch, with fines totalling 51 million … Read more
Jan 3 – ChatGPT was well on its way to becoming a household word even before 2023 kicked off. Just weeks after the Nov. 30 launch of the generative artificial intelligence-powered chatbot, OpenAI, the non-profit behind ChatGPT, was expected to rake in as much as $1 billion in revenue in 2024, sources told Reuters at … Read more
Jan 2 (Reuters) – (This Jan 2. story has been corrected to change the Tesla vehicle delivery number to 484,507 in paragraph 2 and to clarify that BYD is the top EV maker by sales in paragraph 1) Tesla (TSLA.O) delivered a record number of electric vehicles in the fourth quarter, beating market estimates and … Read more
BEIJING : China’s Baidu plans to give a quantum computing laboratory and equipment to the government-backed Beijing Academy of Quantum Information Sciences (BAQIS), a company spokesperson said on Wednesday. Both parties are currently working out the details, the source added. Baidu’s move followed that of its peer Alibaba, which in November had said it would … Read more
The Information reported Saturday that OpenAI’s revenue had topped $1.6billion in recent months, a significant increase from the $1.3billion it was at mid-October.
Dec 29 (Reuters) – Asset management firms hoping to be among the first to win regulatory approval to launch exchange traded funds (ETFs) tied to the spot price of bitcoin updated their filings with the Securities and Exchange Commission on Thursday and Friday, as market participants said a decision from the regulator may be imminent. … Read more
NEW YORK, Dec 29 (Reuters) – U.S. prosecutors said they do not plan to run a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange. In a letter filed on Friday night in federal court in Manhattan, prosecutors said the “strong public interest” in … Read more
Dec 29 (Reuters) – American drivers can expect lower motor fuel costs for a second-straight year in 2024 as a jump in global refining capacity and a surplus in U.S. gasoline stocks drive down retail prices, according to analysts’ predictions. The U.S. national average retail gasoline price could drop by 13 cents next year to … Read more
HAVANA, Dec 29 (Reuters) – Wedding processions on wheels are nothing new along Havana’s famous seafront drive, the Malecon, but this week electric bikes and scooters joined a tradition that in the past has included horse-drawn carriages and vintage U.S. cars. The procession for one couple on Wednesday was a sign of the times in … Read more
MADRID :Spanish drug group Grifols said on Friday it had agreed to sell a 20 per cent stake in China’s Shanghai RAAS Blood Products for approximately $1.8 billion to Chinese home appliance company Haier Group Corporation. Grifols, which produces drugs made out of blood plasma, had announced in June it was looking to sell the … Read more
