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As AI booms, EU lawmakers wrangle over new rules

22Mar

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Technology

As AI booms, EU lawmakers wrangle over new rules

STOCKHOLM/LONDON, March 22 (Reuters) - Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of the matter have told Reuters.The European Commission proposed the draft rules nearly two years ago in a bid to protect citizens from the dangers of the emerging technology, which has experienced a boom in investment and consumer popularity in recent months.The draft needs to be thrashed out between EU countries and EU lawmakers, called a trilogue, before the rules can become law.Several lawmakers had expected to reach a consensus on the 108-page bill last month in a meeting in Strasbourg, France and proceed to a trilogue in the next few months...

Nvidia turns to AI cloud rental to spread new technology

21Mar

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Technology

Nvidia turns to AI cloud rental to spread new technology

March 21 (Reuters) - Nvidia Corp (NVDA.O) Chief Executive Jensen Huang on Tuesday laid out the company's plans to make the powerful and expensive supercomputers used to develop AI technologies like ChatGPT available for rent to nearly any business.While that access will not come cheap - at $37,000 a month for eight of Nvidia's flagship A100 or H100 chips strung together - offering it to a wider swath of business customers could accelerate an AI boom that has driven Nvidia shares up 77% this year, making it about five times more valuable than longtime rival Intel Corp (INTC.O).The Santa Clara, California-based company already dominates the field for artificial intelligence chips and has helped partners like Microsoft Corp (MSFT.O) build huge systems for ChatGPT creator OpenAI's services ...

US, EU in talks on clean technology trade deal -FT

10Mar

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Technology

US, EU in talks on clean technology trade deal -FT

March 10 (Reuters) - U.S. Energy Secretary Jennifer Granholm said the United States and the European Union were in talks about a free trade-style deal around clean technology, the Financial Times reported on Friday."We don't want to see any trade rivalry. And we're in discussion with our EU counterparts about how to make sure we can do this in a way that lifts all," Granholm told FT in an interview.The U.S. was seeking to build a "backbone" of manufacturing to reverse decades of deindustrialization and break dependence on China, the FT reported Granholm as saying.The report comes after the European Commission on Thursday announced that EU businesses can get as much government funding as from a U.S. green energy subsidy package.Reporting by Anirudh Saligrama in Bengaluru; Editing by Chri...

North Korea warns U.S. against shooting down test missiles

7Mar

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Fitness

North Korea warns U.S. against shooting down test missiles

SEOUL, March 7 (Reuters) - North Korea said any move to shoot down one of its test missiles would be considered a declaration of war and blamed a joint military exercise between the United States and South Korea for growing tensions, state media KCNA said on Tuesday.Kim Yo Jong, the powerful sister of leader Kim Jong Un, warned in a statement that Pyongyang would see it as a "declaration of war" if the U.S. took military action against the North's strategic weapon tests.She also hinted that the North could fire more missiles into the Pacific Ocean. The United States and its allies have never shot down North Korean ballistic missiles, which are banned by the United Nations Security Council, but the question drew new scrutiny since the North suggested it will fire more missiles over Japan...

Exclusive: Nvidia’s plans for sales to Huawei imperiled if U.S. tightens Huawei curbs-draft

3Mar

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Technology

Exclusive: Nvidia’s plans for sales to Huawei imperiled if U.S. tightens Huawei curbs-draft

WASHINGTON, March 3 (Reuters) - U.S. chipmaker Nvidia Corp's plans to sell technology to China's Huawei would be thwarted if the U.S. government proceeds with a proposal to further restrict shipments to the blacklisted company, a draft report by a government contractor shows.The Biden administration has been considering limiting the items it authorizes U.S. companies to ship to telecoms equipment giant Huawei Technologies Co, which was added to a U.S. trade blacklist in 2019 but which continues to receive billions in U.S. goods under a special plan implemented by the Trump administration."The proposed 2023 amendment of (the Commerce Department's) licensing will likely have a high economic impact on Nvidia," according to excerpts of the draft report seen by Reuters, referring to the comp...

With backing from business lobby, Japan PM calls for workers’ pay hikes

25Feb

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Business

With backing from business lobby, Japan PM calls for workers’ pay hikes

TOKYO, Feb 26 (Reuters) - Japan must spread the momentum of wage growth across the country to conquer rising inflation as annual labour negotiations wrap up next month, Prime Minister Fumio Kishida said on Sunday, with backing from a major business lobby.For years wages have been slow to grow in Japan as cautious firms hoarded a record cash pile, while curbing labour costs, despite government pressure on companies to raise pay.The government has put a strong focus on wage hikes to stimulate private consumption that makes up more than half of the economy, hoping to stoke a positive cycle of economic growth and wealth distribution under Kishida's new capitalism agenda."Above all, wage hikes that beat price hikes are needed," Kishida told an annual gathering of his ruling Liberal Democrati...

Stake sale in Bundesliga media rights business to launch early March -sources

22Feb

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Business

Stake sale in Bundesliga media rights business to launch early March -sources

FRANKFURT, Feb 22 (Reuters) - Germany's soccer governing body is poised to kick off the sale of a stake in the Bundesliga's media rights business that could fetch $2.9 billion, sources familiar with the matter said.Deutsche Fussball Liga (DFL) plans to launch the formal sale process in early March, the sources told Reuters. One of the sources said DFL aims to find a buyer for "at least" 15% of the media rights business.The holding company that controls the media rights is valued at between 15 and 18 billion euros, the sources said, meaning a 15% stake could be worth about 2.7 billion euros ($2.9 billion).National soccer leagues in Europe are increasingly eyeing external funding around broadcasting arrangements as they look at ways to boost revenues and increase their global reach.The Bu...

Workers stage largest strike in history of Britain’s health service

6Feb

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Health

Workers stage largest strike in history of Britain’s health service

Biggest strike in 75-year history of NHSGovernment urges workers to call off walkoutsUnite union calls for prime minister to hold pay talksLONDON, Feb 6 (Reuters) - Tens of thousands of nurses and ambulance service staff walked off the job on Monday in a pay dispute, putting further strain on Britain's state-run National Health Service with their largest ever strike.Nurses and ambulance workers have been striking separately since late last year but Monday's walkout involving both, largely in England, is the biggest in the 75-year history of the NHS.Nurses will also walk out on Tuesday, ambulance staff on Friday, and physiotherapists Thursday, making the week probably the most disruptive in NHS history, its Medical Director Stephen Powis said.Health workers are demanding a pay rise that ...

Chinese pray for health in Lunar New Year as COVID death toll rises

22Jan

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Health

Chinese pray for health in Lunar New Year as COVID death toll rises

BEIJING, Jan 22 (Reuters) - China rang in the Lunar New Year on Sunday with its people praying for health after three years of stress and financial hardship under the pandemic, as officials reported almost 13,000 new deaths caused by the virus between January 13 and 19.Queues stretched for about one kilometre (a half-mile) outside the iconic Lama temple in Beijing, which had been repeatedly shut before COVID-19 restrictions ended in early December, with thousands of people waiting for their turn to pray for their loved ones.One Beijing resident said she wished the year of the rabbit will bring "health to everyone"."I think this wave of the pandemic is gone," said the 57-year-old, who only gave her last name, Fang. "I didn’t get the virus, but my husband and everyone in my family did. I ...

CES technology trade show adopts social theme

6Jan

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Technology

CES technology trade show adopts social theme

Las Vegas, Jan 6 (Reuters) - Farm equipment took the keynote spotlight at the CES technology trade show in Las Vegas, as "human security for all" became the first theme in its 56-year history.In his speech opening the Consumer Electronics Show on Thursday, John Deere Chief Executive John May laid out a strategy of using technology to feed a hungry world as arable land and rural labor decline while costs are rising."Technology allows farmers to create more with less," May told an audience of 2,000 at one of the world's largest tech events, organized by the Consumer Technology Association (CTA).The trade group is partnering with the World Academy of Art and Science and the United Nations Trust Fund for Human Security to encourage the tech industry to help tackle the world's most pressing ...