Reuters exclusively reported that EU industry chief Thierry Breton has said proposed EU rules on artificial intelligence are not up for bargaining, in response to OpenAI CEO Sam Altman’s threat to quit Europe if the rules are too onerous. Altman caved the following day after Breton’s comments, tweeting that OpenAI was not going to leave the bloc. The post AI...
Media editing software vendor Avid explores sale
Sources exclusively shared with Reuters that Avid Technology Inc (AVID.O), a provider of video and audio editing software and equipment, is exploring a potential sale. The post Media editing software vendor Avid explores sale appeared first on Reuters News Agency.
Boring ETFs have a breakout year
Boring ETFs are suddenly the most popular investing item. What’s lead to this surge in popularity and how can you take advantage of their growth? The post Boring ETFs have a breakout year appeared first on Stockspot Blog.
US will not award $200 mln grant for Microvast battery company
Reuters was first to report that the U.S. Department of Energy had scrapped a proposed $200 million grant to lithium battery company Microvast Holdings after lawmakers cited concerns over its alleged links to China’s government. Microvast shares lost nearly a quarter of their value after the story was published. The Energy Department had been in talks with Microvast over the...
LG Display to supply OLED TV panels to Samsung Electronics
Reuters exclusively reported that flat-screen maker LG Display is in a deal to supply high-end TV panels to Samsung Electronics in a deal that would help the South Korean firm turn profitable. For Samsung, the world’s largest TV vendor, the deal highlights how it is looking to expand in high-end organic light emitting diode (OLED) TV as competition heats up in...
G7 leaders to target Russian energy, trade in new sanctions steps
Reuters exclusively reported that leaders of the Group of Seven (G7) nations plan to tighten sanctions on Russia at their summit in Japan this week, with steps aimed at energy and exports aiding Moscow’s war effort. The post G7 leaders to target Russian energy, trade in new sanctions steps appeared first on Reuters News Agency.