(Reuters) -Blackstone is in the lead to win the $17 billion portfolio of commercial-property loans from the U.S. Federal Deposit Insurance Corp’s (FDIC) sale of Signature Bank debt, Bloomberg News reported on Sunday. In September, the FDIC was seeking buyers for the $33 billion commercial real estate loan portfolio of failed New York lender Signature…
(This Nov. 18 story has been refiled to correct the spelling of ‘Khosla’ in paragraph 6) By Anna Tong, Krystal Hu and Jeffrey Dastin (Reuters) – Sam Altman, the just ousted CEO of OpenAI, is discussing a possible return to the company behind the ChatGPT bot even as he considers launching a new artificial intelligence…
(Reuters) -Meta Platforms is dispersing the members of its Responsible AI team among other groups in the company where they will continue to work on preventing harms associated with artificial intelligence, the company said on Saturday. A spokesperson for Meta, which owns Facebook, said in an emailed statement the company intends to bring the staff…
(Reuters) -A planned sale of OpenAI employee shares that would value the startup at about $86 billion on paper hangs in the balance after the sudden firing of CEO Sam Altman and a slew of top executive departures, the Information reported on Saturday. The tender offer, which Thrive Capital is leading, has not yet closed…
(Reuters) – Walt Disney Co said on Friday it has paused advertising on Elon Musk’s social media site X. (Reporting by Maria Ponnezhath in Bengaluru;editing by Diane Craft)
WASHINGTON (Reuters) – Former White House Chief of Staff Mark Meadows filed notice on Tuesday seeking to move a case brought against him by the district attorney in Georgia’s Fulton County to federal court, according to a court document. Meadows, who served in the Trump administration, was among those charged with former U.S. President Donald…
By Christoph Steitz and Ron Bousso BERLIN/LONDON (Reuters) – BP is seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies to tackle inflation and equipment bottlenecks that have battered the renewables sector. The oil major plans to expand in low carbon energy in the coming decades as it seeks…
By Abhirup Roy LOS ANGELES (Reuters) – Hyundai Motor and Kia see strong U.S. demand for electric vehicles (EVs), senior executives at the South Korean automakers told Reuters ahead of the Los Angeles Auto Show. The comments run against industry fears that inflation and higher interest rates will undermine the boom in EV sales. Other…
By Ernest Scheyder LOS ANGELES (Reuters) – Western lithium and graphite miners have started charging the electric vehicle (EV) supply chain higher prices for their material, meeting demand for environmentally-friendly and consistent supply that is not linked to China. In presentations and interviews at this week’s Benchmark critical minerals conference in Los Angeles, industry executives,…
(Reuters) – Apple said it plans to adopt a messaging standard next year that will allow for a smoother texting experience between iPhones and Android devices. The company had been resisting the Rich Communication Services (RCS) standard for more than a year, with Alphabet’s Google and others pushing for the iPhone maker to adopt the…
