Category: Business
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OPEC oil output rises by 90,000 bpd in February, survey finds
LONDON (Reuters) – The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in February and January, according to a Reuters survey published on Thursday. OPEC and allies, together known as OPEC+, announced a new round of voluntary cuts on Nov. 30 to…
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Tesla must face race bias class action by 6,000 Black US workers
By Daniel Wiessner (Reuters) -A California state judge tentatively ruled that nearly 6,000 Black factory workers can sue Tesla as a group for the electric vehicle maker’s alleged failure to address rampant race discrimination and harassment at its Fremont plant. California Superior Court Judge Noel Wise in Oakland said in a written order issued on…
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Reliance, Disney to merge India media assets to create $8.5 billion powerhouse
By Aditya Kalra, Dawn Chmielewski and Munsif Vengattil NEW DELHI/LOS ANGELES (Reuters) -India’s top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world’s most populous nation. Reliance, led by Asia’s richest man…
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US law on domestic abuse should cover carmakers, FCC chair says
By Dan Levine and Kristina Cooke (Reuters) -The chairwoman of the Federal Communications Commission on Wednesday proposed a potential new rule that would subject automakers that sell internet-connected cars to a telecommunications law intended to protect domestic violence survivors. Cases of technology-enabled stalking involving cars are emerging as automakers add ever more sophisticated features, such…
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Applied Materials receives new subpoenas on China shipments
(Reuters) -A federal investigation into semiconductor equipment supplier Applied Materials involving China shipments has widened to other U.S. agencies, including the Securities and Exchange Commission, according to a company filing on Tuesday. The filing said the company had received an SEC subpoena and another subpoena related to China shipments from the U.S. Attorney’s Office for…
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Meta plans launch of new AI language model Llama 3 in July, The Information reports
(Reuters) – Meta Platforms is planning to release the newest version of its artificial-intelligence large language model Llama 3 in July which would give better responses to contentious questions posed by users, The Information reported on Wednesday. Meta researchers are trying to “loosen up” the model so that it could at least provide context to…
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OpenAI says New York Times ‘hacked’ ChatGPT to build copyright lawsuit
By Blake Brittain (Reuters) -OpenAI has asked a federal judge to dismiss parts of the New York Times’ copyright lawsuit against it, arguing that the newspaper “hacked” its chatbot ChatGPT and other artificial-intelligence systems to generate misleading evidence for the case. OpenAI said in a filing in Manhattan federal court on Monday that the Times…
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Warner Bros Discovery halts merger talks with Paramount Global, CNBC reports
(Reuters) – Warner Bros Discovery is no longer pursuing a merger with Paramount Global, halting talks after several months of kicking the tires on merging the media companies, CNBC reported on Tuesday, citing sources familiar with the matter. (Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shinjini Ganguli)
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Panel finds safety ‘disconnect’ between Boeing management, employees
By David Shepardson and Valerie Insinna WASHINGTON (Reuters) -An expert panel reviewing Boeing’s safety management processes has found a “disconnect” between the planemaker’s senior management and employees on safety culture and raised other concerns. The panel’s report released on Monday was directed by U.S. Congress after two fatal Boeing 737 MAX crashes in 2018 and…
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Microsoft announces principles to foster innovation, competition in AI
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft President Brad Smith on Monday announced a set of principles to foster innovation and competition in artificial intelligence in recognition of its role as a market leader in this technology, a move that could stave off worries about its dominance. The move by the U.S. tech giant…