Apple Inc said on Tuesday it doubled its financial commitment to a fund it had established two years ago to invest in projects that remove carbon from the atmosphere. The iPhone-maker said it will invest up to an additional $200 million in its Restore Fund, which was created in 2021 with an initial $200 million […]
News
Ford Motor Co said Tuesday that next year it will start retooling its sport utility vehicle assembly plant in Oakville, Ontario to produce electric vehicles, fulfilling a promise made to Canada’s Unifor union during contract bargaining in 2020. Ford plans to begin overhauling the Oakville complex in the second quarter of 2024, idling most of […]
Sweden, South Africa and Australia are at the forefront of a push to transform piles of mine waste and by-products into rare earths vital for the green energy revolution, hoping to substantially cut dependence on Chinese supply. Prices of the minerals used in products from electric cars to wind turbines have been strong, and a […]
The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a severe flare-up of financial system turmoil could slash output to near recessionary levels. The IMF said in its latest World Economic Outlook report that banking system contagion risks were contained by strong […]
OpenAI, the firm behind chatbot sensation ChatGPT, said on Tuesday that it would offer up to $20,000 to users reporting vulnerabilities in its artificial intelligence systems. OpenAI Bug Bounty program, which went live on Tuesday, will offer rewards to people based on the severity of the bugs they report, with rewards starting from $200 per […]
Investors are finally set to gain access to more than $33 billion of ether this week under a planned revamp of the blockchain. A new software upgrade to the Ethereum blockchain, dubbed Shapella, will let market players redeem their “staked ether” – coins they have deposited and locked up on the network over the past […]
A group of Indian startups has asked a court to suspend Alphabet Inc Google’s new in-app billing fee system until the country’s antitrust body investigates the U.S. firm for alleged non-compliance with its directives, a legal filing showed. The Alliance of Digital India Foundation (ADIF) last month asked India’s antitrust regulator to investigate Google for […]
Spain’s data protection agency has asked the European Union’s privacy watchdog to evaluate privacy concerns surrounding OpenAI’s ChatGPT, the agency told Reuters on Tuesday, as global scrutiny of artificial intelligence (AI) systems intensifies. News of the request by the AEPD came as France’s privacy watchdog CNIL said it was investigating several complaints about ChatGPT and […]
The International Monetary Fund warned on Tuesday of a “perilous combination of vulnerabilities” in financial markets, saying participants’ failing to adequately prepare for interest rate increases has led to significant uncertainty about the health of the financial system. Moreover, the global lender said U.S. regional banks in particular may warrant closer scrutiny after the largest […]
Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its steady gains as investors raised bets that the U.S. Federal Reserve will soon end its aggressive monetary tightening campaign. Bitcoin peaked at $30,438 in Asian trade and was last up 1.96% at $30,233. It has […]