By Karen Freifeld (Reuters) – A technology industry group on Tuesday urged President Joe Biden’s administration to refrain from issuing a last-minute rule that would control global access to AI chips, warning the restrictions would jeopardize U.S. leadership in artificial intelligence. The Information Technology Industry Council, representing companies like Amazon, Microsoft and Meta, said the…
By Jonathan Stempel (Reuters) – A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens of companies in Warren Buffett’s conglomerate. Tulipshare, an activist investor group based in London, said on Tuesday it submitted a shareholder resolution for Berkshire’s annual meeting on May 3 to…
SAO PAULO/MEXICO CITY (Reuters) – E-commerce giants Amazon.com and MercadoLibre stand to benefit from new tariffs on low-cost imports into Mexico over Asian retailers like Shein and Temu, according to analysts at Itau BBA. Mexico this month imposed a 19% tax on imports via courier services from countries with which it does not have a…
PALM BEACH, Florida (Reuters) -President-elect Donald Trump said on Tuesday that he wants the U.S. Congress to extend the nation’s debt ceiling, adding that he did not want to see the federal government default on its debt, which currently tops $36 trillion. “I just don’t want to see a default. That’s all I want,” Trump…
WASHINGTON (Reuters) – The Louisiana Department of Health said on Monday that the first U.S. patient hospitalized with H5N1 bird flu had died, noting that the patient was over 65 and had underlying medical conditions. “While the current public health risk for the general public remains low, people who work with birds, poultry or cows, or…
(Reuters) -Smithfield Foods on Monday made public its paperwork for its New York initial public offering as the maker of Farmland bacon and Farmer John sausages prepares for its U.S. stock market return after more than a decade. Hong Kong-based WH Group, the world’s largest pork producer that took Smithfield private in 2013 for $4.7…
(Reuters) – Deere & Co strengthened its bet on autonomous machinery by unveiling new tractors and industrial equipment, capable of operating without the need for a human being in the cab, at the CES trade show in Las Vegas on Monday. The world’s largest farm equipment maker is making strides towards automating manual work amid…
By Medha Singh and Purvi Agarwal (Reuters) -Shares of chipmakers jumped on Monday as Microsoft’s plan to invest $80 billion in AI-enabled data centers in fiscal 2025 spurred bets that semiconductor demand would remain strong. Micron was the biggest gainer among semiconductor stocks with a 10.6% rise, while chip-making equipment companies like Applied Materials, Lam…
(Reuters) – The U.S. Department of Health and Human Services said on Friday it would award $306 million in funds to help bird flu monitoring, as the virus spreads in dairy herds and farm workers across the country. The country in December reported its first severe human case of bird flu in a Louisiana resident,…
By Jaspreet Singh (Reuters) -Rivian surpassed analysts’ expectations for fourth-quarter deliveries on Friday and said its production was no longer constrained by a component shortage, a positive sign for the electric vehicle maker aiming to turn its first profit. Shares of the California-based company rose nearly 19%. The stock lost more than 40% of its…
