Tag Archives: technology
Binance stablecoin backer ordered to stop issuing token – Binance CEO
By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) - New York's chief financial regulator has ordered Paxos, the company behind the stablecoin of major crypto exchange Binance, to stop issuing the ...
Feb 13, 2023
Silicon Valley layoffs are a boon for tech-hungry farm equipment makers
By Bianca Flowers (Reuters) - Big agricultural and construction equipment manufacturers in the American Midwest are on a mission to lure Silicon Valley tech workers who have been caught up in a wave o...
Feb 13, 2023
WTO director general: dispute settlement reform a ‘priority’
By Ghaida Ghantous DUBAI (Reuters) - The World Trade Organization's director general said on Monday that reforming the body's dispute settlement system is a "priority." When asked whether reforming th...
Feb 13, 2023
Analysis-In China, Tesla could win electric vehicle price battle – but lose the war
SHANGHAI (Reuters) - Slashed prices have given Tesla's China sales a pop, but analysts, and even fans, warn the U.S. automaker needs to up its long-term game to avoid choking on the dust of fast-movin...
Feb 13, 2023
Apple supplier Salcomp to more than double Indian workforce to 25,000
CHENNAI (Reuters) - Finland's Salcomp, a supplier to U.S. tech group Apple, is looking to more than double its workforce in India to nearly 25,000 over the next 2-3 years, a company executive said on ...
Feb 13, 2023
Geely’s EV brand Zeekr raises $750 million in fresh funding round
SHANGHAI (Reuters) - Zeekr, the electric car brand of China's Geely Automobile Holdings, is raising $750 million from five new and existing investors in a funding round that values the brand at $13 bi...
Feb 12, 2023
Exclusive: South Korea aims to join AI race as startup Rebellions launches new chip
By Jane Lanhee Lee and Joyce Lee SEOUL (Reuters) - South Korean startup Rebellions Inc launches an artificial intelligence (AI) chip on Monday, racing to win government contracts as Seoul seeks a plac...
Feb 12, 2023
Meta delays setting team budgets as Facebook parent plans fresh round of layoffs -FT
(Reuters) - Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. In recent weeks ...
Feb 11, 2023
Google cautions against ‘hallucinating’ chatbots – report
BERLIN (Reuters) - The boss of Google's search engine warned against the pitfalls of artificial intelligence in chatbots in a newspaper interview published on Saturday, as Google parent company Alphab...
Feb 10, 2023
Facebook, Gibson Dunn sanction order is light on dollars, heavy on message
By Alison Frankel (Reuters) - To Facebook parent Meta Platforms Inc and its lawyers at Gibson, Dunn & Crutcher, $925,000 isn't a whole lot of money. You might even say that a million bucks, give or ta...
Feb 10, 2023
