(Reuters) – Warner Music Group, the record label conglomerate behind artists such as Radiohead, AC/DC and Madonna, has signed a licensing deal with Chinese short-video app TikTok to boost its social media revenues. The multi-year deal will help Warner Music’s artists and songwriters unlock new revenue and marketing opportunities from TikTok’s more than 1 billion…
(Reuters) – OpenAI is committing $5 million to the American Journalism Project (AJP) under a partnership that will look for ways to support local news through artificial intelligence, the Microsoft-backed startup said on Tuesday. The deal will also give the non-profit and related organizations up to $5 million in OpenAI credits for the use of…
By Krystal Hu (Reuters) – Consultancy giant McKinsey said it had struck a partnership with artificial intelligence startup Cohere in an effort to provide AI solutions to its enterprise clients. This is the first partnership with a large language model provider that McKinsey has announced as it joins other global consulting firms to tap into…
By Daniel Wiessner (Reuters) – Uber Technologies Inc must face a California lawsuit claiming it should have covered UberEats drivers’ work-related expenses, the state’s top court said on Monday, in what could be a major blow to companies in the largest U.S. state and a win for labor advocates. The California Supreme Court in a…
BEIJING (Reuters) – China’s next-generation crewed spacecraft, which can transport up to seven astronauts, may fly for the first time between 2027 and 2028, a veteran Chinese astronaut said. China’s manned space flights began in 2003 when former fighter pilot, Yang Liwei, was sent into orbit in a small bronze-coloured capsule, the Shenzhou-5, becoming China’s…
By Faith Hung and Ben Blanchard TAIPEI (Reuters) – Taiwanese chipmaker TSMC is expected to report a 27% fall in second-quarter net profit on Thursday, as global economic woes dent demand for semiconductors, though analysts say business performance is likely to improve in the current quarter. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest…
(Reuters) -Coinbase Chief Executive Brian Armstrong will meet privately with a group of U.S. House of Representatives Democrats on Wednesday morning and plans to make remarks on the future of digital asset legislation. The meeting comes as Coinbase and Binance – two of the world’s largest crypto exchanges – are grappling with lawsuits brought by…
By Anna Tong and Jeffrey Dastin Around a decade after virtual assistants like Siri and Alexa burst onto the scene, a new wave of AI helpers with greater autonomy is raising the stakes, powered by the latest version of the technology behind ChatGPT and its rivals. Experimental systems that run on GPT-4 or similar models…
By Anirban Sen NEW YORK (Reuters) -Microsoft Corp is in talks about an extension of its acquisition contract with video game maker Activision Blizzard, which is set to expire on Tuesday, so the parties can overcome the remaining regulatory hurdles to their $69 billion deal, a person familiar with the matter said on Monday. The…
By Helen Coster NEW YORK (Reuters) – The head of engineering for the company that operates former U.S. President Donald Trump’s Truth Social app told Reuters on Monday he had resigned, in a blow for the venture. Alex Gleason’s departure comes amid a period of prolonged uncertainty for Trump Media & Technology Group (TMTG), which…
