By Jonathan Stempel (Reuters) – A federal judge in Detroit on Monday threw out a jury verdict ordering Ford Motor Co to pay Versata Software Inc $104.6 million for breaching a 2004 licensing contract and misappropriating trade secrets. U.S. District Judge Matthew Leitman said that while Versata Software, which licensed software to Ford from 1998…
GENEVA(Reuters) – Around a quarter of jobs are set to change in the next five years, according to a survey of employers published on Monday by the World Economic Forum (WEF), the organisation known for its annual meeting in Davos, Switzerland. Some 69 million jobs will be created and 83 million eliminated by 2027, it…
(Reuters) -Meta Platforms Inc is looking to raise $8.5 billion in a five-part bond offering, its second issue after it raised $10 billion last year, the company said in a filing on Monday. The Facebook-parent said the bond issue’s longest 40-year security could yield 192 basis points over Treasuries. It will use the funds to…
By Krystal Hu and Jane Lanhee Lee (Reuters) – Longtime Kleiner Perkins partner Wen Hsieh is leaving the Silicon Valley venture capital establishment to start a fund with backing from the firm and Taiwanese chipmaker TSMC, sources told Reuters. Hsieh is in advanced talks to raise $200 million from limited partners including Kleiner Perkins and…
(Reuters) -BlackBerry will conduct a review of strategic alternatives, which includes the possible separation of one or more of its businesses, the Canadian technology company said on Monday. The company’s US-listed shares rose near 11% in trading after the bell. BlackBerry, which was founded in 1984 and built pagers, said it has not set a…
(Reuters) -International Business Machines Corp expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming years, CEO Arvind Krishna told Bloomberg News on Monday. Hiring specifically in back-office functions such as human resources will be suspended or slowed, Krishna said, adding that 30% of non-customer-facing…
(This April 28 story has been refiled to remove repeated word in paragraph 1) By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) – As recently as February, generative AI did not feature prominently in EU lawmakers’ plans for regulating artificial intelligence technologies such as ChatGPT. The bloc’s 108-page proposal for the AI Act, published two…
By David Shepardson and Alexandra Alper WASHINGTON (Reuters) – The Biden administration outlined efforts this week to address growing U.S. national security concerns on foreign companies’ handling of Americans’ data. Commerce Secretary Gina Raimondo said at a U.S. Senate hearing the department is working “to secure our communications and technology networks and we are right…
By Kantaro Komiya TAKASAKI (Reuters) -Group of Seven advanced nations should adopt “risk-based” regulation on artificial intelligence, their digital ministers agreed on Sunday, as European lawmakers hurry to introduce an AI Act to enforce rules on emerging tools such as ChatGPT. But such regulation should also “preserve an open and enabling environment” for the development…
By Steve Gorman (Reuters) -Conservation groups sued the Federal Aviation Administration on Monday, challenging its approval of expanded rocket launch operations by Elon Musk’s SpaceX next to a national wildlife refuge in South Texas without requiring greater environmental study. The lawsuit comes 11 days after SpaceX made good on a new FAA license to send…
