(Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation, they said on Wednesday. This comes days after Joby clinched a $55 million contract extension to deliver up to nine air taxis to the U.S. Air Force, marking the company’s first revenue-generating operations. Unlike other electric vertical…
By Anne Kauranen HELSINKI (Reuters) – Finland’s largest daily Helsingin Sanomat on Wednesday took its struggle against Russian media restrictions to a popular online videogame to mark world press freedom day. Editor-in-chief Antero Mukka said the paper had to get creative in trying to breach the restrictions and decided to hide articles about Russia’s war…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Hollywood writers have for decades penned sci-fi scripts featuring machines taking over the world. Now, they are fighting to make sure robots do not take their jobs. The Writers Guild of America is seeking to restrict the use of artificial intelligence in writing film and television…
By Blake Brittain (Reuters) – Alphabet’s Google LLC won a jury trial on Tuesday in a long-running patent lawsuit in Delaware federal court over features in Google’s smartphones and apps. The jury decided that Luxembourg-based patent owner Arendi SARL’s patent was invalid and that Google did not infringe it, according to the verdict made public…
WASHINGTON (Reuters) – The U.S. Federal Trade Commission on Wednesday accused Meta’s Facebook of misleading parents about protections for children and proposed tightening an existing agreement on privacy to include a ban on making money from minors’ data. Specifically, the FTC said Facebook misled parents about how much control they had over who their children…
By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday adopted new disclosure rules for hedge fund and private equity fund advisors aimed at increasing transparency, competition, and efficiency in the $25-trillion marketplace. The rule-making updates Form PF, which was put in place following the financial crisis of 2008-2009 to…
WASHINGTON (Reuters) – Senate Majority Leader Chuck Schumer said senators will consider legislation to bolster the Biden administration’s ability to crackdown on popular video sharing app TikTok as they craft wide-ranging legislation to address Chinese threats. In March, Senators Mark Warner and John Thune joined by 24 other senators proposed the Restrict Act to grant…
By Patricia Zengerle and David Shepardson WASHINGTON (Reuters) – U.S. Senate Democrats launched a renewed effort to stave off competition from China on Wednesday, planning legislation to boost the country’s ability to face up to the Asian powerhouse on issues from technology to security and threats to Taiwan. After passing a sweeping bill last year…
By Tiyashi Datta (Reuters) -Investors dumped shares of Advanced Micro Devices Inc on Wednesday after its earnings report indicated that it was struggling with a PC slump and had failed to gain market share from larger rival Intel Corp in the latest quarter. The stock fell nearly 9%, wiping out more than $12 billion from…
NEW YORK (Reuters) -Nvidia Corp short sellers have lost $5.09 billion so far this year as the stock has jumped more than 90%, according to financial data firm S3 Partners. The stock is the No. 1 losing equity short so far in 2023, followed by Apple and Tesla, the firm wrote Wednesday. Apple short sellers…
