By Dawn Chmielewski, Anna Tong and Greg Bensinger (Reuters) -As the weekend deadline for TikTok to find a buyer approaches, bidders for the short-video social media site are piling up. Amazon and, separately, a consortium led by OnlyFans founder Tim Stokely are the latest to throw their hats into the ring for TikTok. The site…
MILAN (Reuters) – Tesla’s new car registrations in Italy rebounded sharply in March after a plunge the previous month to stand down 7% year-on-year in the quarter as a whole, data from the Transport Ministry showed on Tuesday. The quarterly number adds to signs that drivers are shunning Elon Musk’s electric vehicle brand as competition…
(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 AI space. Pineau, who has been with the company for eight years and has led Meta’s Fundamental AI Research group (FAIR) since 2023, will depart…
(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 on Tuesday, citing a person familiar with the matter. The new release may arrive later in April, although the exact timing could still change, the…
(Reuters) – U.S. President Donald Trump will consider on Wednesday a final proposal related to TikTok, CBS News reported on Tuesday, citing sources, ahead of an April 5 deadline for the app to find a non-Chinese buyer or face a U.S. ban. There will be a meeting at the Oval Office involving Vice President JD…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters. The S&P 500 Index finished the quarter down 4.6%, its worst…
By Emma Rumney LONDON (Reuters) -Big tobacco companies like British American Tobacco are lobbying U.S. President Donald Trump’s administration to crack down on illegal vapes, including via import bans on Chinese devices, documents show and industry consultants said. Tobacco groups, including BAT and Altria, have complained that while waiting years for their own vapes or…
By Michael S. Derby and Ann Saphir NEW YORK (Reuters) – New York Federal Reserve President John Williams said on Monday that monetary policy is “well positioned” for what the economy might do this year, as he acknowledged there are risks that inflation could once again heat up. “Monetary policy is moderately restrictive,” Williams said…
WASHINGTON (Reuters) – President Donald Trump on Monday planned to sign an executive order aimed at protecting fans from “exploitative ticket scalping” and reforming the U.S. live entertainment ticketing industry, according to a White House fact sheet seen by Reuters. The order directs Treasury Secretary Scott Bessent and U.S. Attorney General Pam Bondi to ensure…
By Krystal Hu and Jaspreet Singh (Reuters) – OpenAI must transition to a for-profit company by the end of the year to secure the full $40 billion funding led by SoftBank it is in the final stages of raising, a person familiar with the matter said on Friday. SoftBank can pare back the size of…
