List of All Articles with Tag 'c'

SHANGHAI (Reuters) -China's major state-owned banks were seen exchanging yuan for U.S. dollars in the onshore swap market and selling

KYOTO, Japan & LONDON--(BUSINESS WIRE)--Nov 21, 2023--

For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit

Microsoft stock has hit a record high after hiring sacked OpenAI boss Sam Altman and other key figures from the AI firm. The US tech giant, which is a key investor in OpenAI, is the second most valuable company in the world behind Apple. The firm’s market cap on 21 November reached above $2.8 trillion – up $1 trillion since the start of the year. Microsoft chief executive Satya Nadella announced that Mr Altman, who headed ChatGPT creator OpenAI until he was ousted on Friday, would join Microsoft to lead a new advanced AI research team alongside fellow OpenAI co-founder Greg Brockman “We’re extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team,” Mr Nadella wrote on X, formerly Twitter. “We look forward to moving quickly to provide them with the resources needed for their success.” Despite his new role, Mr Altman is reportedly keen on returning to his former company following a revolt among OpenAI employees against the board. More than 700 OpenAI workers signed a letter threatening to quit unless the board resigns and reappoints Mr Altman as chief executive. “The process through which you terminated Sam Altman and removed Greg Brockman from the board has jeopardised all of this work and undermined our mission and company,” the open letter stated. “Your conduct has made it clear you did not have the competence to oversee OpenAI.” OpenAI board member Ilya Sutskever said on Monday that he “deeply regrets” his role in Mr Altman’s sacking, adding that he was now working to reunite the company. Following his exit from OpenAI last week, Mr Altman wrote on X: “I loved my time at OpenAI. It was transformative for me personally, and hopefully the world a little bit. Most of all I loved working with such talented people. Will have more to say about what’s next later.” After rumours emerged that he was looking to rejoin his former company after being hired by Microsoft, Mr Altman wrote: “Satya [Nadella] and my top priority remains to ensure OpenAI continues to thrive. “We are committed to fully providing continuity of operations to our partners and customers. The OpenAI/ Microsoft partnership makes this very doable.” Read More Microsoft chief hints Sam Altman may return as OpenAI staff demand board resignation OpenAI staff ‘threaten to quit over ousting of Sam Altman’ Microsoft’s new AI tool cleans up messy backgrounds in video calls

By Martin Coulter and Supantha Mukherjee LONDON As the European Union edges closer to passing a wide-ranging set

After multiple shocks wiping off billions of euros of market value, Siemens Energy AG will be trying to

Bernardo Silva has revealed he will try and convince Joao Neves to join Man City instead of Man Utd after Bruno Fernandes admitted he would like to play with the midfielder at Old Trafford.

Treasury investors are turning increasingly skeptical the Federal Reserve will deliver a soft landing for the US economy

The U.S. Coast Guard on Monday said it was still looking for the source of a leak from

Russia cut back its seaborne crude exports to the lowest since August before a meeting of OPEC+ oil

Argentina has a new far-right president, and it was just a matter of hours before he became the internet’s new favourite meme. The populist leader Javier Milei is often compared to Donald Trump and Brazil’s Jair Bolsonaro. He takes over from the centre-left economy minister Sergio Massa having received 55.7 per cent of the vote on Sunday. Milei is a self-described anarcho-capitalist and has made a lot of controversial pledges already, stating his intention to close the Argentinian central bank. However, at least from an outside perspective, it’s not his policies that are catching the eye of social media users. Instead, it's his incredibly hyper stage presence, with a penchant for calling people "s*** leftards". Others pointed to his appearance, comparing him to a character from 90s comedy series The Fast Show or a contestant on Bullseye. Another joked: "Argentina’s new president is the Welshest-looking man I’ve ever seen. He looks like he’s been chairman of the local rugby club for decades & is known to down a pint in less than 5 seconds while simultaneously smoking a fag." Safe to say, he's caused a bit of a stir on social media since the result was announced over the last few days. "Argentina's situation is critical," Milei said after the result. "The changes our country needs are drastic. There is no room for gradualism, no room for lukewarm measures." Sign up for our free Indy100 weekly newsletter How to join the indy100's free WhatsApp channel Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings

SEOUL, South Korea--(BUSINESS WIRE)--Nov 21, 2023--