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Schaeffler Increases Vitesco Offer Price to €94 Per Share
Schaeffler Increases Vitesco Offer Price to €94 Per Share
Schaeffler AG increased its offer for Vitesco Technologies Group AG to €94 per share, bringing the value of
2023-11-27 15:54
Pressure Grows on Israel to Prolong Cease-Fire in War With Hamas
Pressure Grows on Israel to Prolong Cease-Fire in War With Hamas
Israel is coming under increasing pressure to agree to an extension of a four-day pause in its war
2023-11-27 15:53
Three students of Palestinian descent shot in Vermont, CNN says suspect held
Three students of Palestinian descent shot in Vermont, CNN says suspect held
By Gabriella Borter and Steve Gorman (Reuters) -A suspect was arrested in the shooting of three college students of Palestinian
2023-11-27 15:51
Oil Shows Signs of Softening Before High-Stakes OPEC+ Meet
Oil Shows Signs of Softening Before High-Stakes OPEC+ Meet
Ahead of the delayed OPEC+ meeting on Thursday, there are indications oil supply is running ahead of demand,
2023-11-27 15:50
Putin unveils Russia’s new AI strategy to rival Western advances in artificial intelligence
Putin unveils Russia’s new AI strategy to rival Western advances in artificial intelligence
Vladimir Putin has unveiled what he calls Russia’s new strategy to counter Western dominance of the field of artifical intelligence, claiming that new AI models “cancel Russian culture”. The president addressed an AI conference in Moscow on Friday where he said Russian investment in AI development was being increased across all sectors. Citing the example of Gazprom Neft, Mr Putin said one of Russia’s largest oil producers was using AI to slash the cost of oil well development and to address complicated logistics safety issues. “I hope we will be more active in this area. When I say ‘we,’ I am referring not only to the government but also to the regions and industries, and individual plants,” Mr Putin said. The Russian leader said the country would intensify its research into the domains of generative AI and large language models which currently lag behind the leading Western-developed tools like OpenAI’s ChatGPT and Google’s Bard chatbots. Speaking about such AI models, he said their full potential had only started to emerge in the past year, while he criticsed “Western search engines” and generative AI models, calling them “very selective and biased”. “They do not take into account and sometimes simply ignore and cancel Russian culture. In simple terms, the machine is given some creative assignment and performs it using only the English language database,” he said. “Thus, the algorithm may tell the machine that Russia, our culture, science, music and literature simply do not exist. They are cancelled in the digital space, as it were,” the Russian president said at the conference. AI created according to “Western standards”, he said, may emerge as a “kind of xenophobe”, he said. “Our domestic models of artificial intelligence must reflect the entire wealth and diversity of world culture, the heritage, knowledge, and wisdom of all civilisations,” he said. English speaking countries currently dominate AI development, with Stanford’s Institute for Human-Centered Artificial Intelligence (HAI) claiming the US and UK were further ahead in the technology than the rest of the world. The Russian president said that the “monopolistic dominance” of the technology was “unacceptable, dangerous and inadmissible”. “Our innovations should rest on our traditional values, the wealth and beauty of the Russian language and languages of other peoples in Russia,” Mr Putin added. To achieve such development, he called for the scaling up pf Russia’s supercomputing power and to improve its top-level AI education. Read More AI breakthrough could help us build solar panels out of ‘miracle material’ OpenAI co-founder Sam Altman ousted as CEO YouTube reveals bizarre AI music experiments AI-generated faces are starting to look more real than actual ones Breakthrough ‘safe’ liquid fuel cannot start accidental fires, scientists claim Meta sued over ‘open secret’ of ‘pursuing,’ signing up millions of underage users
2023-11-27 15:47
China's money market shows signs of liquidity tightness towards month-end
China's money market shows signs of liquidity tightness towards month-end
SHANGHAI Cash conditions in China's money market showed signs of tightness on Monday, as market participants grew cautious
2023-11-27 15:28
China Investors Face Tens of Billions in Losses Over Zhongzhi
China Investors Face Tens of Billions in Losses Over Zhongzhi
As China’s embattled shadow banking giant Zhongzhi Enterprise Group Co. faces a criminal probe, lawyers and analysts are
2023-11-27 15:18
Xi to Make His First Visit to Shanghai Since 2021, SCMP says
Xi to Make His First Visit to Shanghai Since 2021, SCMP says
Chinese President Xi Jinping will visit Shanghai on Tuesday in his first trip to the financial hub since
2023-11-27 14:57
Sanofi’s Dupixent Shows Strong Efficacy in Second Lung Trial
Sanofi’s Dupixent Shows Strong Efficacy in Second Lung Trial
Sanofi’s prescription drug Dupixent showed additional promise in helping patients with a chronic lung disorder breathe better and
2023-11-27 14:55
Alibaba Shuts Quantum Computing Lab in Sign of Broader Cutback
Alibaba Shuts Quantum Computing Lab in Sign of Broader Cutback
Alibaba Group Holding Ltd. has shuttered its quantum computing research lab, a sign that the Chinese e-commerce and
2023-11-27 14:47
Huawei Smart-Car Deal Sparks Gains In China Automaker, Suppliers
Huawei Smart-Car Deal Sparks Gains In China Automaker, Suppliers
Huawei Technologies Co.’s latest automobile-related foray once again drove big share-price moves, showing the technology giant continues to
2023-11-27 14:29
Exclusive-Beijing stock exchange tells 'major shareholders' to refrain from selling -sources
Exclusive-Beijing stock exchange tells 'major shareholders' to refrain from selling -sources
SHANGHAI/BEIJING (Reuters) -The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed
2023-11-27 14:24
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