By Trevor Hunnicutt, Krishn Kaushik and Rajesh Kumar Singh WASHINGTON/NEW DELHI (Reuters) – The Biden administration is poised to sign off on a deal that would allow General Electric Co to produce jet engines powering Indian military aircraft in that country, according to three people briefed on the decision. A deal finalizing the joint production…
By Alison Frankel (Reuters) – Indicted FTX founder Sam Bankman-Fried seems to be gearing up to blame the lawyers who helped him establish the crypto exchange. That’s the subtext of a motion filed on Tuesday by his lawyers at Cohen & Gresser, who are defending Bankman-Fried against federal charges of fraud, conspiracy and bribery. They’re…
By Katie Paul NEW YORK (Reuters) – Facebook parent Meta Platforms said on Wednesday it would remove news content in its home state of California if the state government passed legislation forcing tech companies to pay publishers. The proposed California Journalism Preservation Act would require “online platforms” to pay a “journalism usage fee” to news…
By Jack Queen (Reuters) – Sam Bankman-Fried is seeking documents from a law firm that advised his defunct FTX cryptocurrency exchange, saying in a court filing that they could help him beat fraud charges. The former crypto mogul said the documents could prove that he relied on legal advice from Silicon Valley law firm Fenwick…
By Shivansh Tiwary and Paul Lienert (Reuters) – The cost to make electric vehicles may not drop to the level for gas-powered cars until after 2030 when the process becomes simpler and less labor-intensive, Ford Motor Co Chief Executive Jim Farley said on Wednesday. At an investor conference, Farley said that, for many automakers, EVs…
WASHINGTON (Reuters) – Amazon.com agreed to pay $25 million to settle allegations that it violated children’s privacy rights with its Alexa voice assistant, according to a court filing on Wednesday. (Reporting by Diane Bartz and David Shepardson)
By Philip Blenkinsop LULEA, Sweden (Reuters) – EU tech chief Margrethe Vestager said on Wednesday she believed a draft code of conduct on artificial intelligence (AI) could be drawn up within weeks, allowing industry to commit to a final proposal “very, very soon”. Policymakers and many in the industry have expressed concern about AI, particularly…
(Adds dropped word in second paragraph to clarify Krebs was interviewed) WASHINGTON (Reuters) – A U.S. special counsel investigating former President Donald Trump and efforts to overturn his 2020 election loss are examining his firing of a cybersecurity official whose office said the vote was secure, the New York Times said on Wednesday. Special Counsel…
By Karen Freifeld WASHINGTON (Reuters) – New rules under consideration would restrict the flow of U.S. investments and know-how into Chinese companies working on advanced semiconductors, artificial intelligence and quantum computing, a U.S. Treasury official said on Wednesday. Speaking before a Senate Banking Committee hearing, Paul Rosen, who oversees investment security at Treasury, said officials…
By Philip Blenkinsop LULEA, Sweden (Reuters) – The United States and the European Union pledged on Wednesday to join forces to counter China’s non-market economic practices and disinformation, particularly over Russia’s invasion of Ukraine. The two partners sought at their Trade and Technology Council in Sweden to find common interests, such as over artificial intelligence…
