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☆ TikTok and Candle Media strike deal to co-create content
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

June 20 (Reuters) - TikTok and Blackstone-backed Candle Media will co-create content and branded entertainment as part of a broad strategic partnership in the United States, the companies said on Tuesday. A key piece of the partnership will be Hello Sunshine, Reese Witherspoon's company that Candle acquired in 2021. TikTok, owned by China's ByteDance, will also allow advertisers purchase advertisements directly adjacent to Candle content and share that ad revenue as part of the tie-up. Candle Media was founded by former top Walt Disney (DIS.N) executives Kevin Mayer and Tom Staggs. Reporting by Jaspreet Singh in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Reese Witherspoon's, TikTok, HBO's, hashtag, China's ByteDance, Kevin Mayer, Tom Staggs, Jaspreet Singh, Krishna Chandra Organizations: Blackstone, Media, Walt Disney, Thomson Locations: United States, Bengaluru

Electric vehicles drove that change. In the first quarter of 2023, Russians purchased more Chinese cars than Lada, the beloved Soviet-era marque. That helps Chinese manufacturers churn out an electric vehicle for around 10,000 euros less than European competitors, according to Grant Thornton. Among the growing list of unwelcoming policies, the European Commission’s trade defence unit is considering ways to stem the tide of Chinese electric vehicle imports, according to Politico. How far China’s carmakers can make inroads further West will be decided by much more than assessments of their competency.

Persons: Bill Russo, Nio, Grant Thornton, Bernstein, Emmanuel Macron, CATL, Una Galani, Thomas Shum Organizations: Reuters, HK, Volkswagen, World Trade Organization, International Energy Agency, Global Times, Beijing, Lada, Chery, Amperex Technology, Politico, Ford Motor, Toyota, Nissan, Twitter, Thomson Locations: HONG KONG, BYD, People’s Republic, Europe, China, Shanghai, Hong Kong, New York, Japan, London ., European, United States, North America, France, Thailand, West

☆ How restaurants such as Panera and Chipotle are dipping into A.I. to streamline food prep and ordering
▼ + stars: | 2023-06-17 | by ( Kate Rogers | ) www.cnbc.com time to read: +3 min

From drive-thru to back-of-house operations to predictive ordering for consumers, restaurant brands are starting to pilot artificial intelligence to streamline food service. McDonald's , for its part, sold McD Tech Labs to IBM in 2021, entering a strategic partnership to help bring AI technology to drive-thru lanes. McD Tech Labs, which was formerly known as Apprente before McDonald's acquired it, used AI to understand drive-thru orders. Del Taco is also using voice-activated AI for orders at its drive-thru, as is Wingstop for orders placed by phone. For Panera, it's a question of, "How do we redeploy our people to higher value, higher quality guest experiences," said Chief Digital Officer George Hanson.

Persons: there's, TD Cowen, Andrew Charles, Cowen, Charles ., Carl's Jr, CKE, Dragontail, McDonald's, George Hanson, Hanson Organizations: National Restaurant Association, Presto, Brands, Tech Labs, IBM, Miso Robotics, CNBC Locations: U.S, Del

☆ 'Real' meat maker Cargill may emerge big winner in plant-based food as buzzy startup boom fades
▼ + stars: | 2023-06-17 | by ( Bob Woods | ) www.cnbc.com time to read: +12 min

Additionally, Cargill began marketing several plant-based protein ingredients, made from soy, pea and wheat, to food and beverage manufacturers worldwide. What to expect for plant-based meat in next decade Cargill's calculated approach to plant-based meats coincides with the nascent industry's trajectory. And then there's the consumer's appetite to pay a premium price for plant-based meat. So Cargill's biggest competition will be the established plant-based meat companies, like Beyond and Impossible, he said. The future of plant-based meat might be analogous to the ongoing transition to electric vehicles.

Persons: Florian Schattenmann, Cargill Cargill, Cargill, Schattenmann, it's, John Baumgartner, Baumgartner, Caroline Bushnell, Bushnell, that's, Seth Goldstein, Goldstein, Tyson's Organizations: Cargill, Foods, Tyson Foods, Hormel Foods, Smithfield Foods, Cargill Inc, The, Bloomberg, Getty, Foods Cargill, Mizuho Securities USA, Good Food Institute, Cubiq Foods, FDA, North, Food and Drug Administration, Morningstar Research Services, Nielsen, annualized Nielsen, Nestle, Tesla, tiptoed, Ford, GM, Hyundai, Volkswagen Locations: U.S, Minneapolis, Montreal, Quebec, Canada, Spanish, Berkeley , California, Puris, North American, Netherlands, Bflike, Belgian, North America

☆ BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian
▼ + stars: | 2023-06-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The SEC has so far resisted allowing the launch of a spot bitcoin ETF in the U.S. Several other firms have filed and later pulled applications to launch spot bitcoin funds. Coinbase is listed as the bitcoin custodian for the proposed BlackRock ETF. The companies announced last year that Aladdin, BlackRock's institutional investment platform, would be connected to Coinbase Prime for crypto trading and custody. The entrance of BlackRock into the bitcoin ETF space could be a boost to a sector that has had a rocky start over the past two years.

Persons: Bitcoin, Aisha Hunt, Kelley Hunt, Charles, BlackRock's, Coinbase, Binance, Aladdin, BITO Organizations: BlackRock, U.S . Securities, Exchange Commission, SEC, U.S, Washington , D.C, Coinbase Locations: Wall, bitcoin, BlackRock, Washington ,

[1/6] China's President Xi Jinping and Palestinian President Mahmud Abbas attend a signing ceremony at the Great Hall of the People in Beijing, China June 14, 2023. JADE GAO/Pool via REUTERSBEIJING, June 14 (Reuters) - China is willing to play a positive role to help the Palestinians achieve internal reconciliation and promote peace talks with Israel, Chinese President Xi Jinping told his Palestinian counterpart in Beijing on Wednesday. "The fundamental solution to the Palestinian issue lies in the establishment of an independent Palestinian state based on the 1967 borders with East Jerusalem as its capital," Xi said, according to Chinese state media. Abbas heads the Palestinian Authority that exercises limited self-rule in the West Bank and negotiated with Israel. On Tuesday, Chinese Foreign Minister Qin Gang offered to contribute "Chinese wisdom" to the "Palestinian issue" in a separate meeting with Palestinian counterpart Riyad al-Maliki.

Persons: Xi Jinping, Mahmud Abbas, JADE, Xi, Israel, Abbas, Antony Blinken, Qin Gang, Riyad al, Joe Cash, Mark Heinrich Our Organizations: of, People, JADE GAO, REUTERS, West, West Bank, U.S, United Nations General Assembly, Palestinian Authority, United Nations, United, Security, Foreign, Palestinian, Maliki, Thomson Locations: Beijing, China, REUTERS BEIJING, Israel, East Jerusalem, West Bank, Gaza, Jerusalem, United States, People . China, Iran, Saudi Arabia, Palestinian, New York, Wuhan, Ramallah

☆ Saudi Arabia and China are part of a multipolar world order, and their mutual interests are 'strong and rising,' minister says
▼ + stars: | 2023-06-14 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

watch nowSaudi Arabia sees China as a key partner in a multipolar world — with the two countries expected to only come closer as their common interests grow, Saudi Minister of Investment Khalid Al-Falih told CNBC. "And we believe that economic cooperation between China and Saudi Arabia and the GCC (Gulf Cooperation Council), and the entire Arab region, will be a significant part of that." The U.S. has military installments in Saudi Arabia, selling it advanced weaponry and providing training and joint operations with the Saudi military. Chinese President, Xi Jinping (L) is welcomed by Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud (R) at the Palace of Yamamah in Riyadh, Saudi Arabia on December 8, 2022. But we would see, going forward, more global champions from Saudi Arabia going to China to access a growing market of 1.4 billion high-consumption individuals."

Persons: Investment Khalid Al, Falih, — it's, CNBC's Dan Murphy, it's, Biden, Xi Jinping, Crown Prince, Saudi Arabia Mohammed bin Salman Al Saud, Saudi Crown Prince Mohammed bin Salman, Faisal bin Farhan, Antony Blinken, Fayez Nureldine Organizations: Saudi, Investment, CNBC, China Business Conference, GCC, Gulf Cooperation Council, U.S ., Anadolu Agency, Getty, Technology, Saudi Crown, Beijing, GCC Ministers, AFP Locations: Saudi Arabia, China, Riyadh, Africa, Central Asia, United States, Brazil, Russia, India, South Africa, U.S, Saudi, we're, Washington, Yamamah, Beijing

☆ Tomb Raider games group Embracer to slash spending
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, June 13 (Reuters) - Swedish games group Embracer (EMBRACb.ST) announced on Tuesday a restructuring programme to slash costs and investments, including in the development of new products, boosting the company's shares. Embracer has been hit by development delays, weaker demand, bad reception for some new games and, last month, the fall-through of a large planned strategic partnership. Shares in the developer, which last year bought several development studios and the intellectual property rights to a new Tomb Raider edition and other games, on Tuesday rose 4% by 0705 GMT. "The figures include capex related to internal and external game development projects and other intangible assets, as well as tangible assets," it said in a statement. The group's earnings could be hit by one-offs such as potential severance payments and writedowns related to game development projects as part of the restructuring, it said.

Persons: Embracer, Anna Ringstrom, Terje Solsvik Organizations: Thomson Locations: STOCKHOLM

OAKLAND, California, June 13(Reuters) - Silicon Valley-based AI chip startup SiMa.ai on Tuesday said it raised an additional $13 million from investors including a key fund in Taiwan called VentureTech Alliance, which has a strong strategic partnership with Taiwan Semiconductor Manufacturing Co (2330.TW). This is at least the third investment in U.S. chip startups by VentureTech Alliance in the past month. British AI chip unicorn Graphcore's struggles have been widely reported. Rangasayee also pointed to one recent benchmark testing result by SiMa.ai that beat AI chip giant Nvidia Corp (NVDA.O) in performance and power of chips used on devices like cameras, drones and robots. The testing data is published by MLCommons, an engineering consortium that maintains testing benchmarks widely used in the AI chip industry.

Persons: VentureTech, Ethernovia, SiMa.ai, Navin Chaddha, Mayfield, Chaddha, they're, Moshe Gavrielov, Krishna Rangasayee, MLCommons, it's, David, Goliath, Jane Lanhee Lee, Lisa Shumaker Organizations: VentureTech, Taiwan Semiconductor Manufacturing, VentureTech Alliance, Ayar Labs, Nvidia Corp, Nvidia, Thomson Locations: OAKLAND, California, Taiwan, British

☆ Gender biases not improved over past decade, U.N. says
▼ + stars: | 2023-06-12 | by ( Federica Urso | ) www.reuters.com time to read: +2 min

[1/2] A demonstrator looks on during a rally to mark the International Women's Day in Buenos Aires, Argentina, March 8, 2023. In its latest report, the United Nations Development Programme tracked the issue through its Gender Social Norms Index, which uses data from the international research programme World Values Survey (WVS). The survey draws from data sets spanning 2010-2014 and 2017–2022 from countries and territories covering 85% of the global population. The latest analysis showed that almost nine out of 10 men and women hold fundamental biases against women and that the share of people with at least one bias has barely changed over the decade. "We need to change the gender biases, the social norms, but the ultimate goal is to change the power relations between women and men, between people," Aroa Santiago, gender specialist in inclusive economies at UNDP, told Reuters.

Persons: Cristina Sille, Heriberto Tapia, Aroa, Federica Urso, Simon Jessop, Matthew Lewis Organizations: REUTERS, United Nations, United Nations Development, UNDP, Reuters, Thomson Locations: Buenos Aires, Argentina, United States, Aroa Santiago, Rome

☆ Tesla may just be starting to unlock its true potential
▼ + stars: | 2023-06-10 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +5 min

Tesla will let Ford and GM access its Supercharger network starting in 2024. Tesla is beginning to show just how much potential its technology and infrastructure really have. Starting in 2024, both automakers will be able to give their customers access to Tesla's expansive charging network with adapters. But this may just be the beginning of Tesla starting to cash in on its proprietary technologies. Even with the addition of Ford, GM, and other car makers," Munster said.

Persons: Tesla, Elon Musk, Dan Ives, Musk, What's, Cathie Wood, Wood, Gene Munster, They've, Munster, It's, Ives Organizations: Ford, GM, EV, Wedbush Securities, CNBC, Ives, Apple, Ark, Deepwater Asset Management, Supercharging Locations: North America

Now, with AI booming in popularity, revenue growth rates in the sector are poised to bottom — ultimately allowing for an inevitable bounce. The scope of these cloud developments goes beyond Amazon, Alphabet and Microsoft, touching on other names inside and outside the portfolio. It comes as macroeconomic headwinds have led many enterprises to rein in spending, translating into slower revenue growth for all three cloud-computing units. Alphabet's Google Cloud sales grew 28% year-over-year to $7.45 billion in the three months ended March 31 , compared with 44% in the first quarter of 2022. Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next '19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019.

Persons: There's, Salesforce, OpenAI, Embeddings, Amazon Piper Sandler, Piper Sandler, AMZN, Jim Cramer's, Jim Cramer, Jim, Sundar Pichai, Michael Short Organizations: Big Tech, Microsoft, Club, Nvidia, Web Services, Google, Clinic, Mayo Clinic, U.S, OpenAI, Government, Department of Defense, Department of Energy, Defense Department, Defense Technical, Bloomberg, CNBC, Google LLC, Getty Locations: San Francisco , California, U.S

A Model 3 starts at $40,240 and the price may fall to $25,240 when the $7,500 federal tax credit and another $7,500 from the California tax rebate kick in, depending on income and other requirements. SUPPLY CHAIN TWEAKSAnalysts said Tesla may have tweaked its battery supply chain to meet both battery mineral and battery component requirements for federal subsidy. Tesla used CATL's LFP battery cells for its Model 3 Rear Wheel Drive and nickel-based cells from an unidentified supplier for its Model 3 Long Range, analysts said. CATL and other suppliers like LG Energy Solution (373220.KS) do not have factories to make Tesla cells in the United States. Tesla has also started delivering China-made Model 3s and Model Ys to Canada, freeing up some capacity for U.S.-made models.

Persons: Tesla, Biden, Caspar Rawles, CATL, Morgan Stanley, Adam Jonas, Hyunjoo Jin, David Shepardson, Zoey Zhang, Mark Porter Organizations: FRANCISCO, Toyota, Panasonic, U.S, Mineral Intelligence, BMI, LG Energy, Panasonic Holdings, Tesla, Thomson Locations: WASHINGTON, California, Nevada, KS, United States, North America, U.S, China, Canada, Shanghai

☆ Constellation Brands vs. Molson Coors: Here's which beer maker is the clear winner to buy
▼ + stars: | 2023-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

In a battle of beer makers, Molson Coors (TAP) has had the advantage lately over rival Constellation Brands (STZ). Molson Coors has a diverse portfolio of popular beer brands including Coors Light and Miller Lite as well as other summer favorites Blue Moon and Leinenkugel's. Shares of TAP have gained about 17% in 2023, driven by strong beer growth and strategic partnerships. TAP STZ YTD mountain Molson Coors vs. Constellation Brands YTD performance At Club holding Constellation, its core beer brands are Corona, Modelo and Pacifico. While Molson Coors is catching much of the Bud Light exodus, Constellation's popular beer brands will also be a beneficiary.

Persons: Molson, Molson Coors, Miller, Bud Light's, influencer, Bud Light, BUD, Jim Cramer, Roth, Jim, Bud, Roth MKM, STZ, Gerald Pascarelli, Seltzer, Pascarelli, it's, Filippo Falorni, Falorni, Filippo, Wedbush's, Edward Lewis, hasn't, Robert Sands, Bill Newlands, Sands, Newlands, Jim Cramer's Organizations: Molson Coors, TAP, Constellation Brands, Modelo, Coors, Miller Lite, Anheuser, Busch Inbev, Club, Constellation, Corona, Nielsen, Constellation's Modelo Especial, Molson, CNBC, Coca, Citi, Falorni, STZ, Cinco de, Getty Locations: Corona, Pacifico, STZ, North, North America, Cinco de Mayo, San Diego

☆ Private jets get a bad rap. Jetex is trying to make them greener
▼ + stars: | 2023-05-29 | by ( Rym Bendimerad | ) edition.cnn.com time to read: +7 min

Because they often travel shorter distances than commercial jets, private jets are generally less efficient, and their emissions per passenger are much higher. According to data from European non-profit Transport and Environment, private jets can be five to 14 times more polluting than commercial planes, and 50 times more polluting than trains. Yet the private aviation sector has seen considerable growth in recent years. EVTOL aircraft have a more limited range than private jets, and would be used for short flights around and between cities – which, in the future, could be an eco-friendlier option for the many celebrities who’ve been criticized for traveling short distances in their private jets. “We are seeing some really exciting innovations coming from private aviation,” said Dr. Kearns.

☆ You hate your job but you love working from home: You're in remote-work handcuffs
▼ + stars: | 2023-05-28 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

There are many unhappy remote workers who wish they could quit and get another remote job. The golden handcuffs phenomenon is an obvious parallel, Denise Rousseau, a professor of organizational behavior at Carnegie Mellon's Tepper School of Business, told Insider. "If you're remaining in a job for purely extrinsic reasons — your working conditions are hard to replace — you're going to have more stress." In March 2022, roughly 20% of job listings on LinkedIn offered remote work; last month, such listings dwindled to 10%. David Bakke works from home in Georgia and said that while he doesn't "completely hate" his position, he'd quit if he could find another remote job.

☆ Ford announces key EV minerals deals ahead of crucial capital markets day
▼ + stars: | 2023-05-22 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

A Ford F-150 Lightning Platinum electric truck during the 2022 New York International Auto Show (NYIAS) in New York, U.S., on Thursday, April 14, 2022. The company is set to outline its path to both goals during its capital markets day Monday. EnergySource Minerals said it has agreed to provide Ford with lithium hydroxide from a new site in Imperial Valley, California, expected to be operational in 2025. The project is expected to produce about 20,000 metric tons of lithium annually. Canadian miner Nemaska Lithium has agreed to supply Ford with up to 13,000 tons of lithium hydroxide per year over 11 years.

☆ 5 Gen Zers share their revamped American dream: Fewer white picket fences, more flexibility
▼ + stars: | 2023-05-21 | by ( Alexandra York | ) www.businessinsider.com time to read: +2 min

courtesy of AlvarezAge: 24Location: Elmwood Park, New JerseyOccupation: Corporate strategic partnerships managerDo you believe in the American dream? The American dream, in the way my parents and their generation saw it, does not exist, in my opinion. But they just didn't have the resources — the social mobility — to become wealthy owners of a house with a white picket fence. So, if you ask me what the "American dream" is today, it's more about creating my dream: What is "Jorge's dream?" Of course, I'm excited about the income, but I'm actually more excited about the possibilities outside of the job.

[1/4] Chinese Premier Li Qiang and Eritrean President Isaias Afwerki shake hands as they attend a meeting at the Great Hall of the People in Beijing, China May 15, 2023. REUTERS/Florence Lo/PoolBEIJING, May 15 (Reuters) - China's Premier Li Qiang told visiting Eritrean President Isaias Afwerki on Monday their countries should "deepen mutually beneficial win-win cooperation and continuously enrich their strategic partnership" at a meeting in Beijing. Eritrea also shares a border with Djibouti, where China's People's Liberation Army set up its first overseas military base in 2017. The "marginalised continent of Africa and the rest of the world will heavily defend and expect more contributions from the People's Republic of China," Afwerki said. Reporting by Joe Cash; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

☆ Russia denounces Macron over China comments
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, May 15 (Russia) - Russian officials on Monday denounced comments by French President Emmanuel Macron that Moscow was becoming subservient to China, saying Western countries must get used to a world underpinned by the Kremlin's close ties with Beijing. The Russian criticism focused on an interview Macron gave to the Paris daily l'Opinion in which he decried the Kremlin's isolation brought on by its invasion of Ukraine more than 14 months ago. "(Russia) has de facto started a form of vasallisation with China and has lost access to the Baltic that was critical to it as it has precipitated the decision by Sweden and Finland to join Nato," Macron was quoted as saying in the daily. Kremlin spokesperson Dmitry Peskov said Russia's relations with China were those of a strategic partner and had nothing to do with dependence. Russian Deputy Foreign Minister Alexander Grushko said Paris had become preoccupied with Moscow's strengthened relations with China and changes that implied for the world order.

☆ Real Madrid lose $440 million sponsorship battle with Abu Dhabi fund
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +1 min

MADRID, May 13 (Reuters) - Spanish soccer's Real Madrid have lost a $440 million court battle with Abu Dhabi sovereign investor Mubadala (MUDEV.UL) over the proposed sponsorship of its stadium in Madrid, sources with knowledge of the case told Reuters. Real Madrid had claimed 400 million euros ($440 million) from Mubadala because it said the Abu Dhabi sovereign investor failed to honour a sponsorship deal under which it would acquire rights to name the Santiago Bernabeu stadium for 20 years. In 2014, Real agreed a strategic partnership with Abu Dhabi fund International Petroleum Investment Co (IPIC), now Mubadala, to help finance a planned stadium overhaul. However, in 2015, a Madrid court halted the original modification of the stadium. The court ruled the sponsorship contract had expired by the time the second expansion was agreed in 2017.

☆ Mets, Phillies set to play series in London next year
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, May 9 (Reuters) - Major League Baseball (MLB) is expected to send the New York Mets and Philadelphia Phillies across the Atlantic Ocean next year for their annual London Series of games, a source with knowledge of the plans told Reuters on Tuesday. The World Series runners up Phillies and their NL East rivals Mets have not officially been announced and plans are still being finalized. Sports Illustrated first reported the two teams would take part in the London Series. The St. Louis Cardinals and Chicago Cubs are expected to play next month at London Stadium, after the league agreed last year to hold "major events" in the UK capital over a span of five years. Reporting by Amy Tennery in New York; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

☆ Microsoft ramps up A.I. game with bet on startup that helps coding novices build apps
▼ + stars: | 2023-05-10 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

LONDON — Microsoft invested an undisclosed sum into Builder.ai, a startup that helps companies make applications without any coding experience, doubling down on its artificial intelligence efforts. Through a strategic partnership, Microsoft plans to integrate Builder.ai's own AI assistant Natasha into its Teams video and chat software to let customers build business apps within the platform. Builder.ai will also enhance Natasha by leveraging Microsoft's AI algorithms to make it sound more human, the company said. Developers on the Microsoft Azure platform will also be able to tap into Builder.ai's network of experts, it added. "What we're really doing is bringing together a world where customers are able to build software, run software, host software."

☆ President Biden to meet with top lawmakers as debt celinign deadline looms
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresident Biden to meet with top lawmakers as debt celinign deadline loomsAndy Blocker, global head of public policy and strategic partnerships at Invesco, and Ben White, chief economic correspondent at Politico, join 'The Exchange' to discuss important deadlines impacting the debt ceiling debate, the republican budget cut proposal, and the partisan dynamics behind the heightened debt ceiling conflict.

☆ Google tells staff it plans to limit publishing AI research to 'compete and keep knowledge in house' as its rivalry with Microsoft's OpenAI heats up
▼ + stars: | 2023-05-04 | by ( Thomas Maxwell | Hugh Langley | ) www.businessinsider.com time to read: +7 min

Google told staff it will be more selective about the research it publishes. Recently, information like code and data has become accessible on a "much more on a need-to-know" basis, according to a Google AI staffer. LaMDA, a chatbot technology that forms the basis of Bard, was originally built as a 20 percent project within Google Brain. (The company has historically allowed employees to spend 20% of their working days exploring side projects that might turn into full-fledged Google products.) Google's AI division has faced other setbacks.

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