WASHINGTON (Reuters) – Leaders of the U.S. Federal Trade Commission said on Tuesday the agency would pursue companies who misuse artificial intelligence to violate laws against discrimination or be deceptive. The sudden popularity of Microsoft-backed OpenAI’s ChatGPT this year has prompted calls for regulation amid concerns around the world about the possible use of the…
By Richard Cowan WASHINGTON (Reuters) – Republicans in the U.S. House of Representatives on Tuesday held a “robust” discussion over Speaker Kevin McCarthy’s plans for raising the federal debt limit and cutting future government spending, amid signs of discontent ranging from far-right to more moderate wings of the party. On Monday, McCarthy outlined a plan…
By Nandita Bose and Andrea Shalal WASHINGTON (Reuters) -U.S. President Joe Biden, facing congressional resistance to his “care economy” proposals, on Tuesday signed an executive order aimed at advancing free preschool and expanding affordable care for children, older Americans and those with disabilities. Biden signed the order, which includes over 50 specific actions, in the…
By Greg Bensinger (Reuters) – Apple Inc and Alphabet Inc have raised concerns with Amazon.com Inc after learning that sexually explicit photographs could be accessed by children on the popular Kindle app and called on Amazon to strengthen its content moderation. The warnings were sparked by questions posed by Reuters to spokespeople at the three…
By Ann Saphir (Reuters) – The boards of directors at the Cleveland, St. Louis and Minneapolis Federal Reserve banks had wanted a half-point interest-rate hike before the mid-March collapse of two regional U.S. banks, minutes of the Fed’s discount rate meetings showed on Tuesday Their votes for an increase in the discount rate – what…
By Davide Barbuscia NEW YORK (Reuters) -The U.S. government’s deadline to raise the $31.4 trillion debt ceiling could be sooner than expected, raising the prospect of a short-term debt limit extension, analysts said on Tuesday. Goldman Sachs analysts said weak tax collections so far in April indicate a higher probability that the so-called “X-date,” when…
By Manya Saini and Saeed Azhar (Reuters) – Bank of America Corp’s first-quarter profit beat analysts’ estimates as it collected hefty interest payments from customers and its bond traders had their best quarter in a decade. Rival banking giants JPMorgan Chase & Co and Citigroup Inc also reaped windfalls from higher interest payments in the…
By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) -The U.S. and Britain should make their rules for the crypto industry much clearer to prevent firms from developing in “offshore havens”, the chief of U.S. crypto exchange Coinbase Global Inc, Brian Armstrong, said on Tuesday. The failure last year of the Bahamas-based FTX exchange has highlighted…
(Reuters) – Chipmaker Intel Corp said on Tuesday it has discontinued production of its bitcoin mining chip series, just a year after its introduction. A rout in the cryptocurrency market hurt some chip companies including Nvidia Corp, whose high-end graphics chips became popular for crypto mining. Intel expects to stop taking orders for the series,…
By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) – The dollar fell against most major currencies on Tuesday after better-than-forecast growth data from China, while strong pay figures from Britain supported the pound. China’s gross domestic product (GDP) grew 4.5% year on year in the first three months of the year, data showed, beating…
