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  • China’s answer to ChatGPT? Baidu shares tumble as Ernie Bot disappoints

    Ernie’s launch comes as Google, Microsoft step up AI game Baidu shares tumble as CEO gives short video presentations Analysts say scripted event, pre-recorded videos disappointed Ernie can do math, write poems, generate images and video BEIJING/HONG KONG, March 16 (Reuters) – China’s Baidu on Thursday unveiled its long-awaited AI-powered chatbot known as Ernie Bot, […]

  • SVB is the largest bank failure since the 2008 financial crisis

    California regulator closes SVB, appoints FDIC as trustee SVB focused on lending to start-ups; branches open again on Monday FDIC to Sell Bank Assets; ‘chaos’ reported amid shooting Bank stocks fall in US, Europe, but well from lows Crisis exposes banks’ ‘vulnerabilities’ amid rising interest rates March 10 (Reuters) – Startup-focused lender SVB Financial Group […]

  • Wall St climbs as lower Treasury yields push mega-cap stocks higher

    Apple surges as GS coverage begins ‘buy’ rating Chinese ADRs fall after Beijing’s modest 5% growth target Crypto Stocks Drop as Silvergate Suspends Payment Network Indexes up: Dow 0.18%, S&P 0.24%, Nasdaq 0.28% March 6 (Reuters) – US stock indices rose on Monday as Treasury bond yields fell further ahead of Federal Reserve Chairman Jerome […]

  • Wall Street rally, on course for weekly gains as Treasury yields fall

    Indexes set for weekly gains S&P 500 breaks through 50-day moving average Indexes up: Dow 0.85%, S&P 1.29%, Nasdaq 1.66% NEW YORK, March 3 (Reuters) – Wall Street moved ahead on Friday towards the end of an up and down week as US Treasury yields fell and economic data helped investors see past the growing […]

  • AI stocks soar as investors bet on growth prospects

    March 3 (Reuters) – Shares of artificial intelligence-based (AI) product makers zoomed in on Friday as a strong forecast from retail darling C3.ai Inc (AI.N) reinforced a continued euphoria in the segment driven by the launch of OpenAI’s ChatGPT . C3.a1 forecast better-than-expected revenue and earnings for both the fourth quarter and fiscal year 2023 […]

  • Walgreens will not provide abortion pills in some Republican states

    March 2 (Reuters) – Walgreens Boots Alliance Inc (WBA.O) said on Thursday it will not provide abortion pills in the states of 20 Republican attorneys general who have told the pharmacy chain it risks breaking the law if it meets the law states provided by mail. The decision comes after the U.S. Food and Drug […]

  • Elon Musk recruits team to develop OpenAI’s ChatGPT rival – The Information

    Feb. 27 (Reuters) – Elon Musk has been approaching AI researchers in recent weeks about forming a new research lab to develop an alternative to OpenAI’s ChatGPT, the information reported Monday, citing people with direct knowledge of the effort. Tesla and Twitter chief Musk has recruited Igor Babuschkin, a researcher who recently left Alphabet’s DeepMind […]

  • Warren Buffett remains optimistic and preaches patience in an annual letter

    Feb. 25 (Reuters) – Billionaire investor Warren Buffett indicated on Saturday that he has not yet lost his continued faith in the US economy and his company Berkshire Hathaway Inc (BRKa.N). In his annual letter to Berkshire shareholders, the 92-year-old Buffett urged investors to focus on the long-term big picture, rather than higher inflation and […]

  • Gerber ends Tesla board run, says carmarker creates ‘own voice’

    BOSTON, Feb. 24 (Reuters) – Investor Ross Gerber of Tesla Inc (TSLA.O) said on Friday he will end his candidacy for the electric carmaker’s board of directors, citing changes investors can expect next week. Gerber said in a phone interview that he decided to pull out after Martin Viecha, Tesla’s head of investor relations, told […]

  • Meta heats up Big Tech’s AI arms race with a new language model

    Feb 24 (Reuters) – Meta Platforms Inc (META.O) said on Friday it is releasing for researchers a new large language model, the core software of a new artificial intelligence system, sparking an AI arms race as Big Tech companies scramble to integrate the technology into their products and impress investors. The public battle to dominate […]