(Reuters) -The U.S. Federal Deposit Insurance Corp has asked banks including JPMorgan Chase & Co and PNC Financial Services Group to submit final bids for First Republic Bank by Sunday after gaugi[...]
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April 29, 2023
SoftBank’s Arm registers for blockbuster U.S. IPO
By Anirban Sen and Echo Wang NEW YORK (Reuters) -SoftBank Group Corp’s chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, Arm said on Saturday, setting[...]
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Twitter to allow publishers to charge users on a per article basis starting May
(Reuters) – Twitter Inc CEO Elon Musk said on Saturday that the social media platform will allow media publishers to charge users on a per article basis with one click, calling it a win for both[...]
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FDIC prepares to place First Republic under receivership
By Greg Roumeliotis NEW YORK (Reuters) – The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic Bank under receivership imminently, a person familiar with the[...]
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Pfizer pledge for more equal access to RSV shot faces hurdles
By Jennifer Rigby and Maggie Fick LONDON (Reuters) – Pfizer Inc has pledged to deliver critical new medicines more quickly in low-income nations, but its first such vaccine effort faces hurdles[...]
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Behind EU lawmakers’ challenge to rein in ChatGPT and generative AI
(This April 28 story has been refiled to remove repeated word in paragraph 1) By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) – As recently as February, generative AI did not[...]
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Turkey’s Baykar plans production of new air combat drone next year
ISTANBUL (Reuters) – Turkish defence firm Baykar aims to begin production of its new unmanned combat aerial vehicle (UCAV) next year which is already attracting international interest, its chair[...]
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China’s Didi sees 2022 revenue hit by COVID, net loss narrows
BEIJING (Reuters) – Chinese ride hailing giant Didi Global on Saturday reported a 19% year-on-year fall in 2022 revenue, as the country’s COVID lockdowns and a regulatory crackdown took a toll.[...]
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OpenAI closes $300 million funding round at $27 billion-$29 billion valuation – TechCrunch
(Corrects headline and story to show a $300 million share sale, not $10 bln or $10.3 billion) (Reuters) – OpenAI, the company behind the ChatGPT chatbot, has closed a more than $300 million shar[...]
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