Category: Business
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Google restricts AI chatbot Gemini from answering queries on global elections
(Reuters) – Google is restricting AI chatbot Gemini from answering questions about the global elections set to happen this year, the Alphabet-owned firm said on Tuesday, as it looks to avoid potential missteps in the deployment of the technology. The update comes at a time when advancements in generative AI, including image and video generation,…
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Boeing whistleblower found dead of apparent suicide
(Reuters) -John Barnett, a former Boeing employee who had reportedly raised concerns about the company’s production issues, was found dead of an apparent suicide, according to authorities in South Carolina. Barnett had worked at Boeing for 32 years before leaving the company in 2017, according to the BBC, which previously reported on his efforts to…
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Apple retreats in fight to defend App Store in Europe
By Foo Yun Chee BRUSSELS (Reuters) -Apple made a major concession in its battle to protect the dominance of its App Store on iPhones and other devices in Europe on Tuesday, saying developers will be free to distribute their apps directly to consumers. Apple announced the changes to comply with the European Union’s Digital Markets…
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Fed seen on hold until June, with rate-cut pace in focus
By Ann Saphir (Reuters) -A second straight month of stronger-than-expected inflation has effectively shut the door on the possibility of a Federal Reserve interest-rate cut before June, and makes back-to-back reductions after that look increasingly less likely. Gasoline and shelter prices drove the February consumer price index up 3.2% versus a year earlier, an acceleration…
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Boeing deliveries slip in February to 27 jetliners
By Allison Lampert and David Shepardson (Reuters) – Boeing Co said on Tuesday it had delivered 27 airplanes in February, down one unit from the same month a year ago, as the U.S. planemaker faces curbs on production growth. Boeing is under pressure following a Jan. 5 accident involving a door plug on a 737…
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Nvidia is sued by authors over AI use of copyrighted works
By Jonathan Stempel (Reuters) – Nvidia, whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its NeMo AI platform. Brian Keene, Abdi Nazemian and Stewart O’Nan said their works were part of a dataset of about 196,640 books that helped train NeMo…
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Next Autopilot trial to test Tesla’s blame-the-driver defense
By Dan Levine and Hyunjoo Jin (Reuters) – Six weeks before the first fatal U.S. accident involving Tesla’s Autopilot in 2016, the automaker’s president Jon McNeill tried it out in a Model X and emailed feedback to automated-driving chief Sterling Anderson, cc’ing Elon Musk. The system performed perfectly, McNeill wrote, with the smoothness of a…
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Wall Street slips from records with Nasdaq leading declines
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) – The S&P 500 and Nasdaq closed lower on Friday after touching record highs during the session, with high-flying chip stocks going into reverse and a mixed labor market report that showed more new jobs than expected with a rising unemployment rate. The S&P and Nasdaq briefly…
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Rivian gains as new launch R2 SUV attracts strong early orders
By Akash Sriram (Reuters) -Rivian’s shares closed more than 2% higher on Friday as its cheaper R2 SUV racked up tens of thousands of reservations within hours of its launch, fueling optimism that the electric-vehicle maker could expand in the mass-market segment. Unveiled on Thursday, the smaller R2 SUV, which will start at $45,000, has…
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Gold marches higher as US jobs data boosts bets of early rate cut
By Anjana Anil (Reuters) – Gold prices surged to another record high on Friday as data showing a rise in the U.S. unemployment rate boosted expectations that the U.S. Federal Reserve could begin cutting interest rates soon. Spot gold rose 0.5% to $2,170.55 per ounce by 2:07 p.m. ET (1907 GMT). U.S. gold futures settled…