Google, Meta execs blast Europe over strict AI regulation as Big Tech ups the ante
Executives at Google and Meta said that Europe’s artificial intelligence industry is being held back by excessive regulation.
Financial News
Alibaba shares pop 11% in premarket after cloud unit, e-commerce growth push up quarterly profit
The Chinese titan posted a sharp profit hike in the December quarter amid ongoing strength in its Cloud Intelligence unit and growth in its e-commerce segment.
UK inflation leaps to higher-than-expected 3% in January
Economists polled by Reuters had expected a January reading of 2.8%.
U.S. and Russia end first high-level talks since 2022 as Ukraine peace negotiations in balance
The meeting between U.S. Secretary of State Marco Rubio and Russian Foreign Minister Lavrov was the first formal sit-down meeting between top U.S. and Russian diplomats for several years.
Europe clambers to form Ukraine plan as U.S. forges ahead with Russia on peace talks
Europe is vying for a say in fast-advancing Russia-Ukraine peace talks after the U.S. over the weekend exacerbated fears that Brussels would be absent from the high level negotiations.
U.S. and Ukraine could still secure minerals deal that is ‘positive’ for both sides, officials say
U.S. President Donald Trump’s hopes of securing 50% ownership rights to Ukraine’s rare earth minerals hit a wall Saturday after President Volodymyr Zelenskyy rejected the bid as too focused on …
Zelenskyy calls for creation of ‘European army’ as he warns Russia ‘is not preparing for dialogue’
Ukraine has intelligence that Russia plans to send troops to its ally Belarus this summer under the pretense of training exercises, Ukrainian President Volodymyr Zelenskyy said Saturday.
Birkin bag maker Hermes posts better-than-expected jump in fourth-quarter sales
Haute couture fashion house Hermes on Friday reported a better-than-expected jump in fourth quarter sales.
Musk will withdraw OpenAI bid if ChatGPT maker stays nonprofit, lawyers say
OpenAI was initially founded as a non-profit in 2015, and later converted to a “capped profit” model in 2019.
Fintech unicorn Zepz to lay off 20% of its global workforce, sources say
London-based fintech Zepz is laying off around 200 IT workers as part of a major redundancy plan, two employees impacted by the move told CNBC.