(Reuters) -Elon Musk, the billionaire entrepreneur, launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team comprised of engineers from the same big U.S. technology[...]
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Technology
AI startups bringing dollars but lean workforces to ailing San Francisco
By Anna Tong SAN FRANCISCO (Reuters) – In a frenzy unseen since the birth of social media in the early 2000s, investors are pouring billions into generative AI and fueling a startup boom in San[...]
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US appeals court opens docket on FTC effort to overturn loss on Microsoft deal
WASHINGTON (Reuters) -A U.S. appeals court on the West Coast opened a docket on Thursday on the U.S. Federal Trade Commission’s effort to overturn its loss trying to stop Microsoft from buying[...]
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Associated Press, OpenAI partner to explore generative AI use in news
(Reuters) -The Associated Press is licensing a part its archive of news stories to OpenAI under a deal that will explore generative AI’s use in news, the companies said on Thursday, a move that[...]
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Alphabet shares soar after it expands AI chatbot internationally
By Bansari Mayur Kamdar (Reuters) – Shares in Google parent Alphabet Inc were up 4.9% on Thursday after it said it was rolling out its artificial-intelligence chatbot Bard in Europe and Brazil,[...]
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Back-to-school sales to hit new record as shoppers keep up with essential buys – NRF
(Reuters) – U.S. shoppers plan to spend a record $41.5 billion during the upcoming school year, a trade group forecast on Thursday, as families accommodate an inflation-driven rise in the prices[...]
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Amazon’s ‘biggest ever’ Prime Day boosts US online sales to $12.7 billion
By Granth Vanaik (Reuters) -U.S. online sales during Amazon.com’s Prime Day shopping event rose 6.1% to $12.7 billion from last year, as inflation-hit Americans hunted for discounts on the e-com[...]
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Factbox-Analysts guarded as AI-driven US stock rally faces earnings test
(Reuters) – Analysts are cautiously optimistic as second-quarter reporting season rolls out amid this year’s rally in U.S. stocks fueled by optimism over artificial intelligence (AI) and a[...]
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Disney wants to keep ESPN, could offload some traditional TV assets – Iger
(Reuters) -Walt Disney wants to keep ESPN and will look for strategic partners to form a joint venture or buy a stake in the sports network to help take it directly to consumers, CEO Robert Iger said[...]
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