By Kantaro Komiya TOKYO (Reuters) – Group of Seven (G7) nation officials will meet next week to consider problems posed by generative artificial intelligence (AI) tools like ChatGPT, Japan said on Friday. Leaders of the G7, which includes the United States, European Union and Japan, last week agreed to create an intergovernmental forum called the…
BEIJING (Reuters) – Chinese search engine giant Baidu’s CEO Robin Li said on Friday that the company will “very soon” officially launch Ernie 3.5, a generative AI large-language model that will power Baidu’s ChatGPT-like app Ernie Bot and upgrade its search engine. Li made the announcement at the Zhongguancun Forum, one of China’s most well-known…
By Lucinda Elliott and Eliana Raszewski BUENOS AIRES (Reuters) – Argentine Vice President Cristina Fernandez de Kirchner slammed the International Monetary Fund (IMF) on Thursday, saying that the program agreed to with the multinational lender is holding back the country’s economy. Fernandez de Kirchner, speaking at an event commemorating Revolution Day in Buenos Aires’ historic…
(Reuters) -Australian fintech company Humm Group said on Friday its unit got an interim stop order from the country’s corporate regulator restricting it from issuing buy-now-pay-later products to new customers, sending the company’s shares down nearly 13%. The interim stop order relates to Australian Securities and Investments Commission’s (ASIC) concerns regarding the target market determination…
By Sarah N. Lynch WASHINGTON (Reuters) – The founder of the far-right militant Oath Keepers Stewart Rhodes was sentenced to 18 years in prison on Thursday for seditious conspiracy, the longest sentence imposed to date over the Jan. 6 U.S. Capitol riot that sought to keep Donald Trump in the White House. U.S. District Judge…
By Echo Wang (Reuters) -Diesel engine maker Cummins Inc priced the initial public offering (IPO) of its engine filtration division to raise about $275 million, the company said on Thursday, defying volatile markets which are being shaken by uncertainty over a deal on the U.S. debt ceiling. Atmus Filtration Technologies sold 14.1 million shares at…
TOKYO (Reuters) -Japan and the United States are likely to issue a joint statement on semiconductor and advanced technology cooperation on Friday, the Yomiuri daily newspaper reported without disclosing where it obtained the information. Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura and U.S. Secretary of Commerce Gina Raimondo will meet in the U.S….
By Yuka Obayashi and Mayu Sakoda TOKYO (Reuters) -Nippon Steel Corp is still in talks with Teck Resources, despite Glencore’s bid for the Canadian miner, as Japan’s top steelmaker remains eager to take a stake in Teck’s high-grade coking coal asset, a senior executive said. “We are still negotiating with Teck toward making an equity…
By Aditya Soni (Reuters) -Nvidia Corp surged 24% on Thursday in one of the largest one-day gains in value for a U.S. stock, after its stellar revenue forecast showed that Wall Street has yet to price in the game-changing potential of AI. The surge more than doubled the stock’s value for this year and increased…
By Stella Qiu SYDNEY (Reuters) -Australian retail sales were flat in April as consumers, who face high living costs and rising interest rates, cut back spending on food and dining out, bolstering the case for a pause in rate hikes next month. Data from the Australian Bureau of Statistics (ABS) on Friday showed retail sales…
