Anthropic launches newest AI model, three months after its last

By Jeffrey Dastin (Reuters) – Anthropic, a startup backed by Google and Amazon.com, on Thursday released an updated artificial intelligence model and a new layout to boost user productivity, continuing an industry sprint to push technology’s frontier. Three months after rolling out its Claude 3 family of AI models, Anthropic said it was launching Claude 3.5 Sonnet. Compared with Claude 3 Opus – which CEO Dario Amodei in March called the “Rolls-Royce of models” – … Read more…

TikTok says US ban is inevitable without a court order blocking law

By David Shepardson WASHINGTON (Reuters) – TikTok and Chinese parent ByteDance on Thursday urged a U.S. court to strike down a law they say will ban the popular short app in the United States on Jan. 19, saying the U.S. government refused to engage in any serious settlement talks after 2022. Legislation signed in April by President Joe Biden gives ByteDance until Jan. 19 of next year to divest TikTok’s U.S. assets or face a … Read more…

Categories Uncategorized

Oracle to invest over $1 billion on AI, cloud computing in Spain

(Reuters) – Oracle on Thursday said it will invest more than $1 billion over the next 10 years in artificial intelligence and cloud computing in Spain, as it looks to meet increasing demand for its services in the country. The investment will be used to set up a new cloud region that will allow customers to move workloads from their data centers to Oracle Cloud Infrastructure, while also helping them address regulations like the European … Read more…

Rights group accuses Vietnam misleading US on human trafficking

By Simon Lewis WASHINGTON (Reuters) – Vietnam instructed its officials to withhold information from Washington to paint the country’s efforts to tackle human trafficking in a better light, a campaign group said on Thursday, as Vietnam seeks an upgrade in a key U.S. report. Rights group Project88 based its accusation on official Vietnamese documents it said it had obtained. Reuters reviewed translations of the documents provided by the group but was unable to independently confirm … Read more…

Categories Uncategorized

Apple suspends work on next high-end headset, to focus on cheaper model, the Information reports

(Reuters) – Apple has suspended work on its next high-end Vision headset, the Information reported on Tuesday, citing an employee at a manufacturer that makes key components for the Vision Pro. The iPhone maker is still working on releasing a more affordable Vision product with fewer features before the end of next year, the report said, citing a person involved in its supply chain and one person in the manufacturing of the headsets. Apple did … Read more…

Tesla must face owners’ lawsuit claiming it monopolizes vehicle repairs and parts

By Jonathan Stempel (Reuters) – A U.S. judge said Tesla vehicle owners can pursue a proposed class action accusing billionaire Elon Musk’s electric car company of monopolizing markets for repairs and parts, breathing new life into a lawsuit she dismissed last November. U.S. District Judge Trina Thompson in San Francisco ruled on Monday that owners could try to prove that Tesla coerced them into paying high prices and suffering long waits to have their vehicles … Read more…

Categories Uncategorized

Chile lithium projects garner interest from over 50 companies

By Fabian Cambero and Daina Beth Solomon SANTIAGO (Reuters) – More than 50 companies have expressed interest in developing lithium projects in Chile, Finance Minister Mario Marcel said on Tuesday, after the government called for proposals for a range of salt flats containing the battery metal. Chile, the world’s largest copper producer, called for proposals in April to develop lithium projects in more than two dozen salt flats that have yet to be fully explored, … Read more…

Huge tech ETF set to buy $10 billion in Nvidia shares

By Suzanne McGee and Lisa Pauline Mattackal (Reuters) – One of the world’s largest technology funds is set to ramp up its exposure to Nvidia, which has become the world’s most valuable company following a blistering run in its shares. The $72.34 billion Technology Select Sector SPDR Fund, managed by State Street Global Advisors, will buy some $10 billion shares of Nvidia while slashing its exposure to Apple, Matthew Bartolini, head of SPDR Americas research … Read more…

Apple extends rally with a record-breaking stock market value

(Reuters) – ** Shares of Apple Inc climbs 2.1% with the iPhone maker on track to close with a market cap of $3.33 trln, more than any company in history, with Microsoft and Nvidia both close behind ** AAPL now up ~10% since June 7, just before the co unveiled a long-awaited AI strategy, integrating “Apple Intelligence” tech across its suite of apps including Siri and bringing OpenAI’s chatbot ChatGPT to its devices ** AAPL’s … Read more…

Categories Uncategorized

Exclusive-Some Colonial Pipeline owners eye stake sales at $10 billion-plus company valuation, sources say

By David French (Reuters) – Some of Colonial Pipeline’s owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of $10 billion, according to people familiar with the matter. Growing U.S. energy consumption has raised demand for pipeline capacity. Any deal would test the company’s value three years after a major cyberattack disrupted its operations. Canadian pension fund Caisse de dépôt et placement … Read more…