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 businesses operate. The European Union is at the forefront of drafting new AI rules that…
By Tom Polansek WICHITA, Kansas (Reuters) – Farmers in Kansas, the biggest U.S. producer of wheat used to make bread, are abandoning their crops after a severe drought and damaging cold ravaged farms. They are intentionally spraying wheat fields with crop-killing chemicals and claiming insurance payouts more than normal, betting the grain is not worth…
By Stephen Nellis (Reuters) – Intel Corp on Monday provided a handful of new details on a chip for artificial intelligence (AI) computing it plans to introduce in 2025 as it shifts strategy to compete against Nvidia Corp and Advanced Micro Devices Inc. At a supercomputing conference in Germany on Monday, Intel said its forthcoming…
By Michael S. Derby NEW YORK (Reuters) -San Francisco Federal Reserve President Mary Daly on Monday said it’s too soon to say whether the U.S. central bank will raise interest rates at its June 13-14 policy meeting. “We have to be extremely data-dependent, and that’s why, even three weeks in advance of the meeting, our…
SAO PAULO (Reuters) – An investment firm backed by Brazil’s Moreira Salles family has decided to launch a tender offer to buy an additional stake in Alpargatas SA, the shoemaker said on Monday, driving its shares higher. According to Alpargatas, which owns the Havaianas flip-flop brand, MS Alpa Participacoes said it would seek to buy…
By Luana Maria Benedito and Gabriel Araujo SAO PAULO (Reuters) -Private economists in Brazil lowered their expectation for the country’s inflation index this year, but the move failed to impress central bank Governor Roberto Campos Neto as he continues to see them running well above official targets. “Inflation expectations are still very high,” Campos Neto…
By Joseph White, David Shepardson and Ernest Scheyder DEARBORN, Michigan (Reuters) – Ford Motor Co on Monday unveiled an ambitious strategy to profitably ramp up electric vehicle sales but faces a challenge to slash $7 billion in costs and regain credibility on Wall Street. “You’re not going to believe us until we start delivering it,”…
(Reuters) – California’s electric grid operator has approved a plan expected to cost $7.3 billion for 45 new power transmission projects over the next decade and made it easier for new power plants in high-priority areas to connect to the grid. The projects will support the development of more than 40 gigawatts (GW) of new…
By Angeliki Koutantou and Karolina Tagaris ATHENS (Reuters) – Greek Prime Minister Kyriakos Mitsotakis declined to seek a coalition on Monday following this weekend’s inconclusive election, paving the way for a second vote in June that he hopes his conservative party will win outright. New Democracy won 40.8% of the vote versus 20.1% for the…
(Reuters) – Walt Disney Co on Monday dismissed the idea of building miniparks in the United States, saying the media company would instead spend on its major theme parks and cruise ships. “Focusing on our core assets is where we should be spending most of our opportunity,” Disney parks chief Josh D’Amaro said at a…
