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Miniatures of windmill and electric pole are seen in front of Siemens Gamesa logo in this illustration taken January 17, 2023. One Frankfurt-based trader said the investor event, where Siemens Gamesa disclosed around 400 million euros in cost cuts by 2026, was bringing "no new insights". At 1610 GMT, shares in Siemens Energy, in which Siemens AG (SIEGn.DE) owns a direct 25.1% stake, were still down 6.3%. Siemens Gamesa will likely cut onshore turbine capacity outside Europe and outsource the production of some components, the division's Chief Executive Jochen Eickholt said, outlining the group's restructuring roadmap. Reuters last month reported that Siemens Gamesa was considering shutting plants and sales offices as well as outsourcing some production.

Persons: Dado Ruvic, Siemens Gamesa, Christian Bruch, Jochen Eickholt, Eickholt, Christoph Steitz, Tom Kaeckenhoff, Danilo Masoni, Madeline Chambers, Miranda Murray, David Evans Organizations: Siemens, REUTERS, Siemens Energy, Siemens Gamesa, Siemens AG, Reuters, Thomson Locations: Europe, FRANKFURT, DUESSELDORF, Frankfurt

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 20 (Reuters) - OpenAI's board of directors approached rival Anthropic's CEO about replacing chief Sam Altman and potentially merging the two AI startups, according to two people briefed on the matter. The news, reported earlier by The Information on Monday, follows various reported calls to find Altman's successor days after OpenAI's board ousted him. OpenAI declined to comment and board member Adam D'Angelo did not immediately respond to a request for comment. On Sunday the board offered ex-Twitch CEO Emmett Shear to be its interim chief, who accepted. By Monday, nearly all of the startup's more than 700 employees threatened to quit, including one of its executives on OpenAI's now four-person board.

Persons: Dado Ruvic, Sam Altman, Dario Amodei, OpenAI's, OpenAI, Adam D'Angelo, Emmett Shear, Altman, Anthropic, Claude, Jeffrey Dastin, Urvi, Nivedita Bhattacharjee, Sam Holmes Organizations: REUTERS, Sunday, Microsoft, OpenAI, Google, Thomson Locations: San Francisco, Bengaluru

☆ Canada tax rule curbs Airbnb deductions to ease rental shortage
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTORONTO, Nov 21 (Reuters) - Canada introduced tax measures on Tuesday to ease a severe rental housing shortage by limiting income tax deductions on short-term rentals on services such as Airbnb Inc (ABNB.O) and VRBO, joining many countries that are enacting similar laws. The new rules apply as of Jan. 1 in provinces and municipalities that bar short-term rentals, and affect deductions such as interest expenses, the federal government said in its fall economic statement. In Montréal, Toronto and Vancouver alone, an estimated 18,900 homes were being used as short-term rental properties in 2020, the report added, noting that the number "has almost surely increased in recent years." Starting in 2024, the government will spend C$50 million ($36 million) over three years to enable municipal enforcement of restrictions on short-term rentals. Gabriel Giguère, public policy analyst at Montreal Economic Institute, criticized the government's decision to modify the tax treatment of the expenses of owners of short-term rental apartments.

Persons: Dado Ruvic, Nathan Rotman, Gabriel Giguère, Giguère, Nivedita Balu, Richard Chang, Leslie Adler Organizations: REUTERS, Rights TORONTO, Inc, Canada, Montreal Economic Institute, British Columbia, Thomson Locations: Canada, Montréal, Toronto, Vancouver, Montreal, Australia, Italy, Canadian, U.S, Florence, Byron, British

☆ US SEC sues Kraken crypto exchange over failure to register
▼ + stars: | 2023-11-20 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 20 (Reuters) - Kraken, one of the world's largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with the regulator. In June, the SEC filed similar lawsuits against Binance, the world's largest cryptocurrency exchange, and Coinbase, the largest in the United States. Monday's lawsuit seeks a civil fine, disgorgement of ill-gotten gains, and a halt to acting as a crypto exchange without registering. The case is SEC v Payward Inc et al, U.S. District Court, Northern District of California, No.

Persons: Dado Ruvic, Gary Gensler's, Kraken, Gurbir Grewal, Binance, Jonathan Stempel, Chris Prentice, David Gregorio, Stephen Coates Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Binance, Payward Inc, Payward Ventures Inc, Blockchain, Digital Currency Group, Hummingbird Ventures, Tribe Capital, Payward, Court, Northern District of, Thomson Locations: San Francisco federal, United States, San Francisco, U.S, Northern District, Northern District of California, New York

☆ Zoom lifts annual results forecast as AI features boost demand
▼ + stars: | 2023-11-20 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

Zoom now expects annual adjusted profit per share between $4.93 and $4.95, higher than its prior forecast of $4.63 and $4.67. The company lifted its full-year revenue forecast to between $4.506 billion and $4.511 billion, from $4.485 billion to $4.495 billion earlier. The company's quarterly free cash flow grew 66.2% to $453.2 million, and Zoom expects $1.34 billion to $1.35 billion for the full year. The Phone segment grew to roughly 7 million paid seats while Contact Center reached about 700 customers as of quarter-end. For the third quarter, revenue grew 3.2% to $1.14 billion, slightly above estimates.

Persons: Dado Ruvic, Webex, Eric Yuan, Rishi Jaluria, Samrhitha, Devika Organizations: REUTERS, Communications, RBC, Contact, Thomson Locations: Bengaluru

☆ Dollar falls to 2-1/2 month low on Fed expectations, yen strengthens
▼ + stars: | 2023-11-20 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Markets have priced out any additional Fed rate hikes, as recent data has shown a slowing of the economy and inflation pressures - but not enough to increase fears a sharp recession is looming. "The market is convinced, both credit, equities and currencies that the Fed has finished raising rates, but the Fed is not willing to say so. "So you're getting a gradual weakening in the dollar, simply because the Fed is doing its best to prop up rates, not necessarily the dollar, but to prop up rates." Against the yen the dollar was last traded at 148.36 yen , down 0.84%.

Persons: Dado Ruvic, CME's, we've, Joseph Trevisani, Thomas Barkin, Moody's, Sterling, Chuck Mikolajczak, Jonathan Oatis Organizations: REUTERS, U.S . Federal Reserve, Conference, Fed, Richmond Federal, Central Bank, Thomson Locations: U.S

☆ US seeks more than $4 billion from Binance to end criminal case -Bloomberg News
▼ + stars: | 2023-11-20 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +3 min

A smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange's founder, Changpeng Zhao, would face criminal charges in the United States, the report said. The Bloomberg report said an announcement on the resolution could come as soon as the end of this month. A spokesperson for the Justice Department declined to comment. The DOJ probe is one of a string of legal and regulatory headaches the world's biggest crypto exchange faces in the United States.

Persons: Dado Ruvic, Changpeng Zhao, Sam Bankman, Binance, Zhao, Niket, Tom Wilson, Chris Prentice, Arun Koyyur, Maju Samuel, Bill Berkrot Organizations: REUTERS, U.S . Justice Department, Binance Holdings, Bloomberg, Justice Department, Binance, Reuters, DOJ, Securities and Exchange Commission, SEC, Futures Trading Commission, Thomson Locations: United States, Bengaluru, London, New York

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Crypto firm Tether said on Monday that it had frozen $225 million worth of its cryptocurrency which it said had been linked to a human trafficking group in Southeast Asia. The Secret Service did not immediately respond to a Reuters request for comment. Tether and OKX collaborated with the U.S. Department of Justice (DOJ) on the investigation, Tether said without elaborating. The crypto tokens were "linked to an international human trafficking syndicate in Southeast Asia responsible for a global “pig butchering” romance scam," Tether said. There are $87.9 billion tether tokens in circulation, making it the third biggest cryptocurrency after bitcoin and ether, according to CoinGecko data.

Persons: Dado Ruvic, OKX, Elizabeth Howcroft, Christina Fincher Organizations: REUTERS, Secret Service, U.S . Department of Justice, DOJ, United Nations, U.S ., Thomson Locations: Southeast Asia, The

☆ Dollar falls to two-month low on Fed view, yen strengthens
▼ + stars: | 2023-11-20 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Markets have priced out any additional Fed rate hikes, as recent data has showed a slowing of the economy and inflation pressures - but not enough to increase fears a sharp recession is looming. "The market is convinced, both credit, equities and currencies that the Fed has finished raising rates, but the Fed is not willing to say so. "So you're getting a gradual weakening in the dollar, simply because the Fed is doing its best to prop up rates, not necessarily the dollar, but to prop up rates." Against the yen the dollar was traded at 148.40 yen , down 0.81%.

Persons: Dado Ruvic, CME's, we've, Joseph Trevisani, Thomas Barkin, Moody's, Sterling, Chuck Mikolajczak, Jonathan Oatis Organizations: REUTERS, U.S . Federal Reserve, Conference, Fed, Reserve Bank of Richmond, Central Bank, Thomson Locations: U.S

But the real focus will be on whether widening U.S. curbs on sales of its high-end chips to China could hamper that run. The results will also be a major test for the AI-powered rally that has helped drive up the U.S. stock market this year, with the Philadelphia semiconductor index (.SOX) up nearly 50% in 2023. The Biden administration last month banned China sales of the H800 and A800 chips that Nvidia had created after previous curbs on exports to the country. Reuters GraphicsCHINA CHIPSBefore the latest China export curbs, demand for Nvidia's H800 chip, a slower version of its flagship AI chip, had outpaced rivals as it was better than the alternatives. "It's possible Nvidia's massive growth will make revenue from China less material over time," Morningstar analysts said.

Persons: Dado Ruvic, Kyle Rodda, Biden, Bernstein, Stacy Rasgon, Arsheeya Bajwa, Chavi Mehta, Devika Organizations: NVIDIA, REUTERS, Nvidia, Wall Street Journal, Reuters Graphics, LSEG, AMD, Web Services, Google, Microsoft, Oracle Cloud Infrastructure, Lambda, Morningstar, Thomson Locations: China, Philadelphia, Reuters Graphics CHINA, Bengaluru

☆ Dollar beaten to over two-month low as Fed cut bets take charge
▼ + stars: | 2023-11-20 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Against the weaker greenback, the euro hit its highest since August at $1.09365, while the yen firmed at a one-month high of 148.68 per dollar. The Japanese yen remained on the stronger side of 150 per dollar and was last 0.3% higher at 149.17. The onshore yuan rose 0.5% to an over three-month high of 7.1700 per dollar, while the offshore yuan similarly got a boost and jumped roughly 0.6% to an over three-month top of 7.1703 per dollar. The Aussie was last 0.5% higher at $0.6546, having struck a three-month high of $0.6563 earlier in the session, while the kiwi gained 0.54% to $0.6025.

Persons: Dado Ruvic, Carol Kong, Vishnu Varathan, CBA's, Rae Wee, Sam Holmes Organizations: REUTERS, Rights, Federal Reserve, New Zealand, Fed, Commonwealth Bank of Australia, Treasury, ., Mizuho Bank, Thomson Locations: Rights SINGAPORE, Asia, China

☆ Dollar stumbles to over two-month low as markets eye Fed cuts
▼ + stars: | 2023-11-20 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

The yuan struck three-month highs in both the onshore and offshore markets, propped up by China's central bank, while the Australian dollar similarly scaled a three-month top against the falling greenback. "If we do see risk appetite improve again, then the dollar can definitely weaken further." Against the weaker dollar, the euro rose to an over two-month high of $1.0924, ahead of flash PMI readings in the euro zone due later this week. The risk-sensitive Australian dollar edged roughly 0.5% higher to $0.6546, its strongest level since August, while the New Zealand dollar rose 0.52% to $0.60235. The onshore yuan rose 0.5% to an over three-month high of 7.1753 per dollar, while the offshore yuan similarly got a boost and jumped roughly 0.6% to an over three-month top of 7.1745 per dollar.

Persons: Dado Ruvic, Carol Kong, Sterling, Vishnu Varathan, CBA's, Rae Wee, Sam Holmes Organizations: REUTERS, Rights, Federal Reserve, Fed, Commonwealth Bank of Australia, Treasury, ., Mizuho Bank, New Zealand, Thomson Locations: Rights SINGAPORE, Asia, China

OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 20 (Reuters) - OpenAI's staff has threatened to quit the artificial intelligence startup and join former boss Sam Altman at Microsoft's (MSFT.O) new division unless the board resigns, according to a letter seen by Reuters. Apart from Chief Technology Officer Mira Murati, Chief Data Scientist Ilya Sutskever and Chief Operating Officer Brad Lightcap, about 500 members of OpenAI staff said they would resign, a person familiar with the matter told Reuters. OpenAI did not immediately respond to a Reuters request for comment. Reporting by Akash Sriram in Bengaluru; Editing by Shweta Agarwal and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Sam Altman, Mira Murati, Ilya Sutskever, Brad Lightcap, OpenAI, Akash Sriram, Shweta Agarwal, Anil D'Silva Organizations: REUTERS, Reuters, Thomson Locations: Microsoft's, Bengaluru

☆ How close are crypto markets to first spot bitcoin, ether ETFs?
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

Word "Crypto" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 20 (Reuters) - A spate of filings for spot bitcoin and ether exchange-traded funds (ETFs), including from traditional finance heavyweights, has revived the crypto market that had been crushed by a series of meltdowns last year. A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency. The SEC has previously denied all spot bitcoin ETF applications citing potential for fraud, but that could soon change after it lost a legal battle in August. Here is a pipeline of filings for spot bitcoin ETFs awaiting approval:Reuters GraphicsHere is a pipeline of spot ether ETFs awaiting approval:Here are some ether futures-tied ETFs that have been approved recently:Sources: filings, media reports, company statementsReporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Michelle Price and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: magnifier, Dado Ruvic, Manya Saini, Niket, Michelle Price, Shounak Organizations: REUTERS, SEC, Thomson Locations: Bengaluru

☆ Caterer Compass forecasts strong growth in 2024
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 20 (Reuters) - Catering group Compass Group (CPG.L) expects 2024 underlying operating profit to grow about 13%, aided by strong demand leading to high single-digit organic revenue growth and stronger margins, it said on Monday. Compass, the world's largest catering group, said adjusted operating profit rose nearly 30% to 2.12 billion pounds ($2.64 billion) for the year ended Sept. 30, in line with market expectations. "Going forward, we expect to sustain mid to high single digit organic revenue growth and ongoing margin progression leading to profit growth ahead of revenue growth and increased cash generation," CEO Dominic Blakemore said in a statement. Annual underlying revenue grew 18.8% to 31.3 billion pounds, registering growth across its markets. In financial year 2023, it signed 2.7 billion pounds of new business, with first-time outsourcing accounting for about 50%.

Persons: Dado Ruvic, Dominic Blakemore, Compass, Hofmann, Yadarisa, Rashmi Organizations: REUTERS, Compass, Manufaktur GmbH, Thomson Locations: Argentina, Angola, Bengaluru

☆ BHP train drivers to start 'restrained' industrial action on Friday
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

BHP's iron ore operations include four processing hubs and five mines that are linked by more than 1,000 km (621 miles) of rail and port facilities. BHP said that the proposed action would present logistical challenges but that it had put in place arrangements to mitigate the impact. Worries about a strike had lent support to iron ore prices, which are trading at the highest levels since February. "Concerns over disruptions on the supply side due to the looming strike at BHP in Australia contributed to higher iron ore prices today," said Pei Hao, a Shanghai-based analyst at international brokerage FIS. Drivers received an offer from BHP last Wednesday that did not meet their expectations around rostering, arbitration and camp standards, Busson added.

Persons: Dado Ruvic, Greg Busson, Busson, Pei Hao, BHP, Melanie Burton, Amy Lv, Gerry Doyle Organizations: BHP, REUTERS, Rights MELBOURNE, Reuters, Monday, Mining, Energy Union WA, Drivers, Thomson Locations: WA, Australia, Shanghai, rostering, Rio Tinto's, Beijing

☆ X's CEO tells staff data will show efforts to fight hate, as advertisers flee
▼ + stars: | 2023-11-20 | by ( Sheila Dang | ) www.reuters.com time to read: +2 min

The logo for social media platform X, following the rebranding of Twitter, is seen covering the old logo in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 20 (Reuters) - Social media company X CEO Linda Yaccarino told employees that "data will tell the real story" about its efforts to battle antisemitism, according to a note to employees, amid growing outrage over the issue. On Thursday, and media watchdog group Media Matters said it had found that ads for major brands had appeared next to posts that touted Nazism. An X representative confirmed that the company would sue the nonprofit organization, possibly as early as Monday. After buying Twitter in October 2022 for $44 billion, Musk laid off thousands of employees, including many who worked to moderate content on the platform.

Persons: Dado Ruvic, Linda Yaccarino, Elon Musk, Yaccarino, Musk, Angelo Carusone, Sheila Dang, Jonathan Oatis Organizations: Twitter, REUTERS, Social, IBM, Comcast, White, Media, Reuters, Thomson Locations: United States, Israel, Gaza, Dallas

☆ Canada financial regulator seeks feedback on crypto disclosures
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 20 (Reuters) - Canada's financial watchdog said on Monday it was seeking feedback on the public disclosure of cryptocurrency assets by federally regulated financial institutions, joining global regulators in ramping up scrutiny on the volatile sector. The consultation by Canada's Office of the Superintendent of Financial Institutions (OSFI) comes after the agency in July proposed new guidelines for crypto assets citing a risky environment. The OSFI's consultation will be running alongside another from the Basel Committee on Banking Supervision (BCBS), a global supervisory body which has also sought feedback from internationally active banks on the disclosure of crypto-asset exposures. Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Arasu Kannagi Basil, Devika Organizations: REUTERS, Canada's Office, Banking, Thomson Locations: Basel, Bengaluru

☆ APEC over, Taiwan reports renewed Chinese military activity
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTAIPEI, Nov 19 (Reuters) - Taiwan reported renewed Chinese military activity around the island on Sunday, with nine aircraft crossing the sensitive median line of the Taiwan Strait and warships carrying out "combat readiness patrols". Democratically-governed Taiwan, which China claims as its own territory, has complained for the past four years of regular Chinese military patrols and drills near the island, as Beijing seeks to pressure Taipei over its sovereignty claims. With Chinese President Xi Jinping in San Francisco last week for the Asia Pacific Economic Cooperation (APEC) summit, where he met U.S. President Joe Biden, the scale of that military activity around Taiwan had scaled off. The aircraft were accompanying Chinese warships carrying out "joint combat readiness patrols" it added. China says its activities near Taiwan are aimed at "collusion" between Taiwan separatists and the United States and to protect China's territorial integrity.

Persons: Dado Ruvic, Xi Jinping, Joe Biden, Su, Xi, Biden, Ben Blanchard, William Mallard, Kim Coghill Organizations: REUTERS, Rights, Asia Pacific Economic Cooperation, U.S, Taiwan, Biden, Thomson Locations: Rights TAIPEI, Taiwan, Taiwan Strait, China, Beijing, Taipei, San Francisco, United States, U.S

☆ Meta moves members of its Responsible AI team to other groups
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +1 min

Meta AI logo is seen in this illustration taken September 28, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 18 (Reuters) - Meta Platforms (META.O) is dispersing the members of its Responsible AI team among other groups in the company where they will continue to work on preventing harms associated with artificial intelligence, the company said on Saturday. Most of the Responsible AI team members will move to generative AI "and will continue to support relevant cross-Meta efforts on responsible AI development and use," the statement said. "We continue to prioritize and invest in safe and responsible AI development and these changes will allow us to better scale to meet our future needs," the spokesperson said. Meta's portfolio of AI products includes its language model "Llama 2" and an AI chatbot called Meta AI that can generate text responses and photo-realistic images.

Persons: Dado Ruvic, Gursimran Kaur, Chizu Nomiyama, Cynthia Osterman Organizations: REUTERS, Meta, Thomson Locations: Bengaluru

☆ OpenAI's $86 billion share sale in jeopardy after Altman firing- The Information
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +1 min

OpenAI and Thrive Capital did not immediately respond to Reuters' requests for comment. The news comes after the board of the company behind ChatGPT fired Altman on Friday. Greg Brockman, OpenAI president and co-founder, who stepped down from the board as chairman as part of the management shuffle, quit the company. The departures blindsided many employees who discovered the abrupt management change from an internal message and the company's public facing blog. Reporting by Gursimran Kaur in Bengaluru; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Sam Altman, ChatGPT, Altman, Greg Brockman, OpenAI, Gursimran Kaur, Daniel Wallis Organizations: REUTERS, Microsoft, Thomson Locations: Bengaluru

☆ Meta breaks up its Responsible AI team, The Information reports
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +1 min

Meta AI logo is seen in this illustration taken September 28, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 18 (Reuters) - Meta Platforms (META.O) is breaking up its Responsible AI team that worked on understanding and preventing harms associated with the artificial intelligence technology it is developing, The Information reported on Saturday, citing an internal post. As the company diverts more resources to its generative AI work, most employees on the Responsible AI team will move to Meta's generative AI team that was formed in February, the report added. In October, the social media giant started rolling out generative artificial intelligence (AI) tools that can create content like image backgrounds and variations of written text for all advertisers. Meta's portfolio of AI products includes its language model "Llama 2" and an AI chatbot called Meta AI that can generate text responses and photo-realistic images.

Persons: Dado Ruvic, Meta, Gursimran Kaur, Chizu Organizations: REUTERS, Thomson Locations: Bengaluru

☆ Lionsgate suspends advertising on X
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: 1 min

The logo for social media platform X, following the rebranding of Twitter, is seen covering the old logo in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 17 (Reuters) - Lions Gate Entertainment (LGFa.N) has suspended advertising on Elon Musk-owned X, a spokesperson for the company said on Friday. Apple (AAPL.O) is also pausing all advertising on X, Axios reported, after Musk backed an antisemitic post on the social media platform earlier this week. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Axios, Musk, Samrhitha, Devika Organizations: Twitter, REUTERS, Gate Entertainment, Elon, Apple, Thomson Locations: Bengaluru

☆ India grants incentives for Dell, HP, Foxconn to make IT hardware locally
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +1 min

3D printed clouds and figurines are seen in front of the Dell logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsMUMBAI, Nov 18 (Reuters) - The Indian government has approved investments by 27 companies including Dell (DELL.N), HP (HPQ.N) and Foxconn (2317.TW) under its $2 billion incentive scheme to manufacture IT hardware domestically. Information technology minister Ashwini Vaishnaw said the companies are expected to invest 30 billion Indian rupees ($360 million) collectively, while creating 50,000 jobs in the sector. Approvals have also been granted to domestic manufacturers including Dixon Technologies (DIXO.NS) and VVDN, the minister said. The government had in May doubled the value of the incentive scheme to spur domestic production of laptops and tablets, following a lukewarm response to a previous programme.

Persons: Dado Ruvic, Ashwini Vaishnaw, Munsif Vengattil, Ira Dugal, Kirsten Donovan Organizations: Dell, REUTERS, Rights, HP, Dixon Technologies, Thomson Locations: Rights MUMBAI

☆ Exclusive: Germany, France and Italy reach agreement on future AI regulation
▼ + stars: | 2023-11-18 | by ( Andreas Rinke | ) www.reuters.com time to read: +2 min

The three governments are in favour of binding voluntary commitments for both large and small AI providers in the European Union. The European Commission, the European Parliament and the EU Council are currently negotiating how the bloc should position itself in this new field. During the discussions, the European Parliament proposed that the code of conduct should initially only be binding for major AI providers, which are primarily from the U.S. However, the three EU governments have warned against this apparent competitive advantage for smaller European providers. Issues surrounding AI will be on the agenda when the German and Italian governments hold talks in Berlin on Wednesday.

Persons: Dado Ruvic, Andreas Rinke, Maria Martinez, Mike Harrison Organizations: REUTERS, Rights, Reuters, European Union, The European Commission, EU Council, Ministry, Ministry of Digital Affairs, Thomson Locations: Germany, France, Italy, Europe, Jena, Thuringia, Berlin

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