By Hannah Lang and Trevor Hunnicutt (Reuters) -U.S. President Donald Trump on Thursday signed an order to create a cryptocurrency working group, fulfilling a campaign promise after he courted cash from digital asset companies pledging to be a “crypto president.” The crypto advisory council is expected to advise on digital asset policy, work with Congress…
By Dietrich Knauth NEW YORK (Reuters) – Purdue Pharma and its Sackler family owners have reached a new $7.4 billion settlement to resolve thousands of lawsuits alleging that the pain medication OxyContin caused a widespread opioid addiction crisis in the U.S., several state attorneys general said Thursday. The settlement was announced nearly seven months after…
By Stephen Nellis and Anna Tong SAN FRANCISCO (Reuters) – – This week’s announcement by President Donald Trump of a massive private-sector investment to build more AI data centers casts a spotlight on a relatively small and nimble class of cloud computing firms positioned to play a bigger role in the tech sector. On Tuesday,…
(Reuters) – Artificial intelligence startup Perplexity launched an agent-based assistant for Android devices on Thursday as it looks to take on larger rival OpenAI’s ChatGPT and incumbent assistants such as Apple’s Siri and Amazon’s Alexa. The Nvidia and Jeff Bezos-backed company said the tool, known as Perplexity Assistant, can book dinner reservations, hail rides on…
By Leah Douglas (Reuters) – President Donald Trump’s pick to run the Agriculture Department, Brooke Rollins, led an organization that opposed ethanol mandates and farm subsidies, major programs she could influence if confirmed, according to a Reuters review of the group’s policy statements. That background may put Rollins at odds with farm state lawmakers at…
By Jonathan Stempel (Reuters) – Microsoft’s LinkedIn has been sued by Premium customers who said the business-focused social media platform disclosed their private messages to third parties without permission to train generative artificial intelligence models. According to a proposed class action filed on Tuesday night on behalf of millions of LinkedIn Premium customers, LinkedIn quietly…
LONDON (Reuters) -Google on Wednesday won an injunction from London’s High Court to prevent the enforcement of Russian judgments against the U.S. tech giant over the closure of various Google and YouTube accounts. Judge Andrew Henshaw granted Google a permanent anti-enforcement injunction, on the grounds that Google and YouTube’s terms and conditions required disputes to…
By Echo Wang, Curtis Williams and David French (Reuters) – Venture Global LNG was forced to nearly halve the valuation it is seeking in its U.S. initial public offering (IPO) after investors balked at the company’s estimated long-term profit for liquefying gas for export, investors told Reuters. The company is the second-largest exporter of liquefied…
By Hyunjoo Jin and Stephen Nellis SEOUL/SAN FRANCISCO (Reuters) – Samsung Electronics on Wednesday unveiled its newest flagship smartphone, powered by Qualcomm’s chips and Google’s artificial-intelligence model, hoping its upgraded AI features can reinvigorate sales and fend off Apple and Chinese rivals. Samsung was faster than Apple in launching an AI-powered smartphone but failed to…
By Jarrett Renshaw, David Morgan and David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts, an unprecedented shift likely to face opposition from many of his fellow Republicans in Congress….
