(Reuters) – Google will showcase artificial intelligence features, and updates to its Pixel devices and the Android platform at a special event on Aug. 13, according to invites shared online by the…
Author: Financial Edge Daily
Electric-vehicle maker Rivian simplifies output, cuts costs, aiming for first profit
By Abhirup Roy NORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian’s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from…
AT&T wants Big Tech companies to pay into telecom, broadband subsidy fund
WASHINGTON (Reuters) – AT&T CEO John Stankey said on Monday that Congress should give the Federal Communications Commission the power to require Big Tech firms to contribute to a government fund that…
Paramount Global to raise prices for its streaming plans
(Reuters) – Paramount Global is raising subscription rates for its flagship streaming services, the media giant said on Monday, as it looks to recalibrate its business and pay off debt. The revision…
Wegovy-maker Novo Nordisk to spend $4.1 billion to boost US manufacturing
By Isabelle Yr Carlsson and Maggie Fick COPENHAGEN/LONDON (Reuters) – Obesity drug-maker Novo Nordisk will spend $4.1 billion to build a U.S. facility to fill injection pens for its hugely popular weight-loss…
US aircraft carrier arrives in South Korea for military drills
SEOUL (Reuters) – A nuclear-powered U.S. aircraft carrier, the Theodore Roosevelt, arrived in the South Korean port city of Busan on Saturday to take part in joint military exercises later this month…
Drone attack causes damage to vessel west of Yemen’s Hodeidah
CAIRO (Reuters) – A drone attack caused damage to a merchant vessel 65 nautical miles west of Yemen’s Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) and British security firm Ambrey said…
Apple and Meta have discussed AI partnership, WSJ reports
(Reuters) -Facebook parent Meta Platforms has discussed integrating Meta’s generative AI model into Apple Inc’s recently announced AI system for iPhones, the Wall Street Journal reported on Sunday. Apart from Google and…
Nvidia to launch in Middle East amid U.S. curbs on AI exports to region, Ooredoo CEO says
By Andrew Mills DOHA (Reuters) – Nvidia has signed a deal to deploy its artificial intelligence technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern countries, Ooredoo’s…
Biden, Trump prep for presidential debate that will highlight mental fitness
By Nathan Layne and Trevor Hunnicutt (Reuters) – President Joe Biden is hunkered down with aides at Camp David for several days to get ready to debate rival Donald Trump, who is…