ChatGPT sets record for fastest growing user base – analyst note

ChatGPT sets record for fastest growing user base – analyst note

Feb 1 (Reuters) – ChatGPT, OpenAI’s popular chatbot, reached an estimated 100 million monthly active users in January, just two months after launch. Wednesday. The report, citing data from analytics firm Compareweb, said that in January, an average of about 13 million unique visitors per day had used ChatGPT, more than double the December level. … Read more

Wall Street Down But Outside Lows After Fed Rate Hike, Choppy Trading

Wall Street Down But Outside Lows After Fed Rate Hike, Choppy Trading

Fed hikes rates, sees “continued hikes” Indexes down: Dow 0.96%, S&P 0.40%, Nasdaq 0.03% Feb.1 (Reuters) – US stock indices were lower in choppy trading on Wednesday, bouncing off session lows as the Federal Reserve raised interest rates by a quarter of a percentage point and said it expects “continued increases” in borrowing costs as … Read more

Exclusive: EV maker Rivian cuts 6% of jobs amid price war – internal memo

Exclusive: EV maker Rivian cuts 6% of jobs amid price war – internal memo

SAN FRANCISCO, Feb. 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in a bid to cut costs as the EV maker, already struggling with declining cash reserves and a weak economy, braces itself for an industry-wide price war. The company is focusing its resources on ramping up vehicle production and … Read more

Intel slashes employee and exec pay during PC market downturn

Intel slashes employee and exec pay during PC market downturn

31 Jan. (Reuters) – Intel Corp. (INTC.O) said on Tuesday it had made significant cuts to employee and executive compensation, a week after the company issued a lower-than-expected sales forecast due to a loss of market share to rivals and a downturn in the PC market. The cuts will range from 5% of base pay … Read more

AMD sales surpass targets, Wall St relieved after Intel’s grim outlook

AMD sales surpass targets, Wall St relieved after Intel’s grim outlook

31 Jan. (Reuters) – US chipmaker Advanced Micro Devices Inc (AMD.O) posted sales on Tuesday that exceeded Wall Street targets and said it expected business to improve in the second half, exciting investors who saw that the company made a profit on rival Intel. The stock rose about 1.5% in aftermarket trading. While AMD’s forecast … Read more

US requests Tesla driver-assist documents; company raises capex forecast

US requests Tesla driver-assist documents;  company raises capex forecast

WASHINGTON, Jan. 31 (Reuters) – Tesla Inc (TSLA.O) announced on Tuesday that it had received requests from the US Department of Justice for documents related to its Full Self-Driving and Autopilot driver assistance systems as regulations tighten. Reuters reported in October that Tesla is under criminal investigation over claims that the company’s electric vehicles could … Read more

Norwegian wealth fund posts record loss of $164 billion

Norwegian wealth fund posts record loss of 4 billion

The loss in 2022 surpasses the previous record set in 2008 Inflation and geopolitical tensions remain risk factors Record inflow of money from the oil and gas industry OSLO, Jan. 31 (Reuters) – The Norwegian wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion kroner ($164.4 billion) for 2022, … Read more

US stops granting export licenses to China’s Huawei – sources

US stops granting export licenses to China’s Huawei – sources

Jan 30 (Reuters) – The Biden administration has stopped approving licenses for US companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced U.S. export restrictions around items for 5G and other technologies for several years, but U.S. Department of Commerce officials have issued licenses to … Read more

China’s Baidu launches ChatGPT-like bot in March – source

China’s Baidu launches ChatGPT-like bot in March – source

BEIJING, Jan. 30 (Reuters) – Chinese internet search engine Baidu Inc (9888.HK) plans to launch an artificial intelligence (AI) chatbot service in March, similar to OpenAI’s ChatGPT, a person familiar with the matter said to Reuters. The tech company plans to launch the service as a standalone application and gradually merge it with its search … Read more

Kremlin: Putin is open to ‘contacts’ with the German Scholz, reports RIA

Kremlin: Putin is open to ‘contacts’ with the German Scholz, reports RIA

Jan 29 (Reuters) – Russian President Vladimir Putin is open to contacts with German Chancellor Olaf Scholz, but has not scheduled a phone call with him, a Kremlin spokesman told state news agency RIA Novosti on Sunday. Germany, formerly the West’s main weapon in supplying Ukraine with modern main battle tanks to help it repel … Read more