Elon Musk launches AI firm xAI as he looks to take on OpenAI
Elon Musk, the billionaire entrepreneur, launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team comprised of engineers…
Category: BUSINESS
Maison Sara Chraibi shows geometric patterns in haute couture lineup in Paris
Moroccan Maison Sara Chraibi presented a sculptural line-up of garments with elaborate, geometric patterns on Thursday, the final day of…
Twitter threatens Threads lawsuit against Meta
Twitter has threatened to sue Meta Platforms (META.O) over its new Threads platform in a letter sent to the Facebook parent’s CEO Mark Zuckerberg…
China’s Alibaba unveils AI image generator to take on Midjourney, DALL-E
HONG KONG – Alibaba Group Holdings Ltd (9988.HK) announced on Friday an artificial intelligence (AI) image generator, initially available to enterprise customers…
Thomson Reuters to acquire legal AI firm Casetext for $650 mln
Thomson Reuters (TRI.TO) said on Monday it had agreed to acquire Casetext, a legal startup with an artificial intelligence-powered assistant for law…
Tokyo’s $7 bln buyout dials up global chip wars
A government-led buyout signals more uncertainty ahead for a chip industry grappling with oversupply and geopolitics. The state-backed Japan Investment…
Mitsotakis to be sworn in as Greek PM after landslide victory
ATHENS – Kyriakos Mitsotakis will be sworn in as Greece’s prime minister on Monday, a day after a resounding win…
Deutsche Bank tells investors some of their Russian shares are missing
LONDON / NEW YORK – Deutsche Bank (DBKGn.DE) has told clients it can no longer guarantee full access to Russian stocks that…
Development banks can boost lending by $200 bln – Paris summit
PARIS – Multilateral development banks are expected to unlock $200 billion in extra firepower for emerging economies by running their…
Bahrain’s Mumtalakat extends McLaren group stake
Bahrain’s state investment fund Mumtalakat said on Thursday it has bought the senior preference shareholder stakes in McLaren Group, as…