Meta’s head of AI research to depart in May
(Reuters) – Meta Platforms’ head of artificial intelligence research, Joelle Pineau, plans to leave the company, at a time when the tech giant is aggressively investing and competing in the…
Alibaba prepares for flagship AI model release as soon as April, Bloomberg News reports
(Reuters) -China’s tech and e-commerce giant Alibaba Group is planning to release Qwen 3, an upgraded version of its flagship AI model, as soon as this month, Bloomberg News reported…
Gold sails above $3,100 to uncharted territory as US tariffs approach
By Anjana Anil and Anushree Mukherjee (Reuters) – Gold prices soared to record levels above $3,100 per ounce in a rally marking one of the most significant upswings in the…
IMF’s Georgieva: Recession not on the horizon despite tariff worries
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump’s push for sweeping tariffs is creating great uncertainty and denting confidence but is not likely to trigger…
OpenAI plans to release open-weight language model in coming months
(Reuters) – OpenAI is planning to release its first open-weight language model with reasoning capabilities since GPT‑2 in the coming months, CEO Sam Altman said on Monday. The company will…
Lockheed Martin clinches $4.94 billion US Army missile contract
(Reuters) – Lockheed Martin on Monday said the U.S. Army had awarded it a contract worth up to $4.94 billion to produce Precision Strike Missiles (PrSM). Defense companies are seeing…
Google to pay $100 million to settle advertisers’ class action
By Jonathan Stempel (Reuters) – Google has agreed to pay $100 million in cash to settle a long-running lawsuit claiming it overcharged advertisers by failing to provide promised discounts and…
Exclusive-Buyout, aerospace firms close in on $8 billion-plus Boeing navigation unit, sources say
By Milana Vinn, Dan Catchpole and Mike Stone (Reuters) – Several private equity firms and at least one aerospace supplier are among the remaining bidders competing to buy Boeing’s Jeppesen…
Johnson & Johnson unit ordered to pay $1.64 billion in HIV drug marketing case
By Jonathan Stempel (Reuters) – A federal judge ordered a Johnson & Johnson unit on Friday to pay the U.S. government $1.64 billion after a jury found it liable in…
Exclusive-Fed’s Daly: Inflation progress has been flat, dents confidence in rate cut view
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said inflation data published earlier in the day confirms her decreased confidence in her baseline expectation that two…