May 24, 2023
EU, U.S. to seek stopgap standards for AI – EU tech chief

By Philip Blenkinsop BRUSSELS (Reuters) - The European Union and the United States are set to step up cooperation on artificial intelligence with a view to establishing minimum standards before legislation enters force, the EU's tech chief Margrethe Vestager said…

May 23, 2023
U.S. mid-cap retailers slip after latest batch of results

By Caroline Valetkevitch NEW YORK (Reuters) -Shares of U.S. mid-cap retailers mostly eased on Tuesday as the latest batch of quarterly results included reports from BJ's Wholesale Club Holdings and other companies that provided more disappointments for the industry. Shares…

May 23, 2023
Google-backed Anthropic raises $450 million in latest AI funding

By Krystal Hu and Jaiveer Shekhawat (Reuters) -Anthropic, an artificial intelligence startup competing with OpenAI in building AI foundation models, said on Tuesday it had raised $450 million from investors including Alphabet Inc's Google and Spark Capital. The latest round…

May 22, 2023
First Citizens sues HSBC for hiring away Silicon Valley Bank staff

By Daniel Wiessner (Reuters) -First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of poaching more than 40 of the failed bank's employees in order to launch its own…

May 22, 2023
Bill Gates says top AI agent will replace search, shopping sites

SAN FRANCISCO (Reuters) -Bill Gates, Microsoft Corp's co-founder, on Monday said the technology race to win is the development of the top artificially intelligent agent, poised to disrupt search-engine, productivity and online shopping sites. "You’ll never go to a search…

May 22, 2023
Regulators dust off rule books to tackle generative AI like ChatGPT

By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) - As the race to develop more powerful artificial intelligence services like ChatGPT accelerates, some regulators are relying on old laws to control a technology that could upend the way societies and…

May 18, 2023
Twitter alleges “unauthorized” data usage by Microsoft

(Reuters) -Twitter Inc has alleged that Microsoft Corp violated an agreement over using the social media company's data, according to a letter seen by Reuters on Thursday. Twitter owner Elon Musk's lawyer leveled accusations of "unauthorized" usage of Twitter's data…