2023

(Reuters) – The U.S. Coast Guard on Monday said it was still looking for the source of a leak from an underwater pipeline off the Louisiana coast in the Gulf of Mexico that it estimated had released more than a million gallons of crude oil. The 67-mile long pipeline was closed by Main Pass Oil…

(Reuters) -Elon Musk threatened on Saturday to sue media watchdog Media Matters and those who attacked his social media platform X, following moves by several large U.S. companies to halt advertising on the site after being promoted alongside antisemitic content. Musk and X have been under a microscope all week for antisemitic and racist content…

By Andreas Rinke BERLIN (Reuters) -France, Germany and Italy have reached an agreement on how artificial intelligence should be regulated, according to a joint paper seen by Reuters, which is expected to accelerate negotiations at the European level. The three governments support “mandatory self-regulation through codes of conduct” for so-called foundation models of AI, which…

By David Shepardson WASHINGTON (Reuters) -The CEOs of Discord, Snap, and X, formerly known as Twitter, were issued subpoenas to compel them to testify at a Dec. 6 hearing on online child sexual exploitation, the U.S. Senate Judiciary Committee said on Monday. The committee said Meta CEO Mark Zuckerberg and TikTok CEO Shou Zi Chew…

(Reuters) -The U.S. Justice Department is seeking more than $4 billion from Binance Holdings as part of a proposed resolution of a years-long investigation, Bloomberg News reported on Monday, citing people familiar with the discussions. Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange’s founder, Changpeng Zhao, would face criminal…

By Bansari Mayur Kamdar (Reuters) – Investors piled into exchange-traded funds tracking defense companies since October in anticipation of increased military budgets in the U.S. and Europe due to rising incidents of geopolitical conflicts. The Invesco Aerospace & Defense ETF has seen net inflows of more than $100 million so far this month, according to…

By Tom Hals (Reuters) – A Missouri jury ordered Bayer to pay $1.56 billion to four plaintiffs who claimed the company’s Roundup weedkiller caused injuries including cancer, a verdict that could intensify investor pressure on the German drugs and agricultural chemicals company to change its legal strategy. The Cole County, Missouri jury found on Friday…

(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…