DIRS.INFO The most relevant business & tech news

New networks by Dish (DISH.O) and Japan's Rakuten (4755.T) use Open RAN. "All of the new equipment that we are going to be putting out will be Open RAN capable," Chris Sambar, president of AT&T Network, told Reuters. Winning the Open RAN deal will make Ericsson the largest supplier to AT&T as it slowly takes over Nokia's share, the company said. AT&T will still have contracts which other Open RAN vendors outside this deal. AT&T expects fully integrated Open RAN sites operating in coordination with Ericsson and Fujitsu (6702.T), starting in 2024.

Persons: Brendan McDermid, Japan's Rakuten, Chris Sambar, Sambar, You've, Supantha Mukherjee, Matthew Lewis Organizations: New York Stock Exchange, REUTERS, Rights, Ericsson, Nokia, Huawei, Telefonica, Vodafone, RAN, AT, T Network, Reuters, Samsung, Verizon, U.S ., Fujitsu, Thomson Locations: New York, U.S, ORAN, United States, Stockholm

☆ Spotify to reduce staff by 17%
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: 1 min

Persons: Dado Ruvic, Supantha Mukherjee, Anna Ringstrom, Essi Organizations: REUTERS, Rights, Thomson

☆ Spotify to reduce staff by 17% in second layoff this year
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

Small figurines are seen in front of displayed Spotify logo in this illustration taken February 11, 2022. REUTERS/Dado Ruvic/Ilustration/File Photo Acquire Licensing RightsSTOCKHOLM, Dec 4 (Reuters) - Spotify (SPOT.N) will reduce its total headcount by around 17% across the company, it said in an email on Monday, after laying of 6% of this staff in January citing higher costs. CEO Daniel Ek told Reuters at that time the company was still focusing on efficiencies to get more out of each dollar. "We debated making smaller reductions throughout 2024 and 2025," CEO Daniel Ek said in a mail to employees. Reporting by Supantha Mukherjee, writing by Anna Ringstrom, editing by Essi Lehto and Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Daniel Ek, Supantha Mukherjee, Anna Ringstrom, Essi Lehto, Terje Solsvik Organizations: REUTERS, Rights, Reuters, Thomson

The AT&T logo is seen on a store in Golden, Colorado United States July 25, 2017. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsSTOCKHOLM, Dec 4 (Reuters) - AT&T (T.N) said on Monday it plans to use so-called ORAN technology for 70% of its wireless network traffic in the United States by late 2026 and will move from two telecom vendors to one. While the technology has been tested by several telecom providers, it has not been widely adopted. AT&T's push for the technology will likely be a major boost for Open RAN. The U.S. telecom company's spending could approach roughly $14 billion over the five-year term of the contract with that one vendor, the company said.

Persons: Rick Wilking, Supantha Mukherjee, Matthew Lewis Organizations: Golden , Colorado United, REUTERS, Rights, Open RAN, Ericsson, Nokia, Thomson Locations: Golden ,, Golden , Colorado United States, ORAN, United States, U.S, Stockholm

Foundation models like the one built by Microsoft (MSFT.O)-backed OpenAI are AI systems trained on large sets of data, with the ability to learn from new data to perform various tasks. In a meeting of the countries' economy ministers on Oct. 30 in Rome, France persuaded Italy and Germany to support a proposal, sources told Reuters. Until then, negotiations had gone smoothly, with lawmakers making compromises across several other conflict areas such as regulating high-risk AI, sources said. France-based AI company Mistral and Germany's Aleph Alpha have criticised the tiered approach to regulating foundation models, winning support from their respective countries. Other pending issues in the talks include definition of AI, fundamental rights impact assessment, law enforcement exceptions and national security exceptions, sources told Reuters.

Persons: Carlos Barria, Thierry Breton, Geoffrey Hinton, Alpha, Mistral, Mark Brakel, Supantha Mukherjee, Josephine Mason, Alexander Smith Organizations: Technology, Intelligence, REUTERS, Rights, Reuters, Foundation, Microsoft, European Commission, Mistral, Lawmakers, Life Institute, Thomson Locations: San Francisco, California, U.S, Rights STOCKHOLM, BRUSSELS, LONDON, France, Germany, Italy, Rome, Spain, Belgium, Stockholm

☆ TikTok takes first steps in turning on Norwegian data centre
▼ + stars: | 2023-11-30 | by ( Victoria Klesty | ) www.reuters.com time to read: +2 min

The company, owned by China-headquartered Bytedance, has been trying to address concerns over whether the Chinese government could access the data of European citizens who use TikTok. Several countries, the European Parliament, European Commission and others have banned TikTok from staff phones due to those concerns. TikTok in March launched a data security regime called Project Clover to build data centres and store European user data locally. The Norwegian data centre will be in the town of Hamar where TikTok will store data spread over three buildings and the first phase will start operating from next summer. The Norway data centre will run completely on renewable energy and generate heat that could be re-used.

Persons: Dado Ruvic, we're, Theo Bertram, TikTok's, TikTok, Bertram, Supantha Mukherjee, Jane Merriman Organizations: REUTERS, Green, European Commission, Reuters, British, NCC, Thomson Locations: HAMAR, Norway, Europe, China, Norwegian, Hamar, TikTok, Victoria, Stockholm

STOCKHOLM, Nov 28 (Reuters) - Total capital invested into European tech startups is projected to fall to $45 billion this year, down 55% from 2021, when investment volumes surpassed $100 billion for the first time, according to a report from venture capital firm Atomico. The decline was mostly due to later-stage companies delaying fundraising, as well as a slower pace of deployment by investors, the report said. In 2022, capital invested in Europe was $82 billion. Over the five-year period between 2018 and 2022, a total of 257 European tech companies reached a billion-dollar valuation, including more than 150 in 2021 and 2022, according to Atomico. However, Europe's funding rounds will still be 18% higher compared with 2020, a year before the tech investment boom of 2021.

Persons: Tom Wehmeier, Wehmeier, Atomico, Supantha Mukherjee, Matthew Lewis Organizations: Thomson Locations: STOCKHOLM, Atomico, Europe, United States, China, Stockholm

☆ Reaction to Sam Altman's return as OpenAI CEO
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +4 min

Sam Altman, CEO of Microsoft-backed OpenAI and ChatGPT creator speaks during a talk at Tel Aviv University in Tel Aviv, Israel June 5, 2023. REUTERS/Amir Cohen Acquire Licensing RightsCompanies Openai LLC FollowNov 22 (Reuters) - OpenAI said on Tuesday it had reached an agreement for Sam Altman to return as CEO days after his ouster, capping frenzied discussions about the future of the startup at the center of the artificial intelligence boom. THRIVE CAPITAL, OPENAI SHAREHOLDER"OpenAI has the potential to be one of the most consequential companies in the history of computing. "Sam Altman seems awfully powerful and it is unclear that any board would be able to oversee him. Altman and (Microsoft CEO) Nadella may have pushed to allow Altman a much freer hand."

Persons: Sam Altman, Amir Cohen, OpenAI, DANNI HEWSON, BELL, Altman, DANIELA HATHORN, Altman's, Greg, Brockman, ChatGPT's, would've, SUSANNAH STREETER, HARGREAVES LANSDOWN, Sam Altman's, KELVIN WONG, MAK, Nadella, hasn't, Supantha Mukherjee, Ankika Biswas, Bansari Mayur, Aditya Soni, Miyoung Kim, Nivedita Organizations: Microsoft, Tel Aviv University, REUTERS, BANK, OpenAI, MNC, OF, UNIVERSITY OF, UNIVERSITY OF SINGAPORE BUSINSS, Thomson Locations: Tel Aviv, Israel, UNIVERSITY OF SINGAPORE, OpenAI, Stockholm, Bengaluru

Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. In recent weeks, talks have hit stumbling blocks over the extent to which companies should be allowed to self-regulate. Alexandra van Huffelen, Dutch minister for digitalisation, told Reuters the OpenAI saga underscored the need for strict rules. "Please don't gut the EU AI Act; we need it now more than ever." Reporting by Martin Coulter and Supantha Mukherjee; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Altman, Carlos Barria, Altman, OpenAI’s, Brando Benifei, ”, Alexandra van Huffelen, Gary Marcus, Martin Coulter, Supantha Mukherjee, Susan Fenton Organizations: Economic Cooperation, REUTERS, European Commission, EU, Reuters, Microsoft, New York University, Thomson Locations: Asia, San Francisco , California, U.S, European, OpenAI, France, Germany, Italy

A logo of Spotify is seen on a beach during the Cannes Lions International Festival of Creativity in Cannes, France, June 20, 2023. Spotify has been an early adopter of AI, which it used for music recommendation algorithms a decade earlier. The Swedish company is now aiming to use LLMs to replicate that across its non-music content such as podcasts and audiobooks. The music streaming giant has been looking to boost its earnings by increasing its slate of revenue-generating formats such as podcasts and audiobooks. With the expanded Google partnership, Spotify is also exploring the use of LLMs to provide a safer listening experience and identify potentially harmful content.

Persons: Eric Gaillard, Google Bard, Gustav Söderström, Supantha Mukherjee, Savio D'Souza Organizations: Spotify, Cannes Lions International, Creativity, REUTERS, Rights, Google, Thomson Locations: Cannes, France, Rights STOCKHOLM, Swedish, Stockholm

☆ Spotify launches podcast ad marketplace in 5 countries
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. The Spotify Audience Network, first launched in 2021, is available in nine countries such as Germany and the United States for podcast publishers and creators to monetize their content. After investing over a billion dollars to build up its podcast business with 5 million titles and 100 million podcast listeners, Spotify is focusing on boosting advertisement revenue from the format. "The Spotify Audience Network addresses these two challenges head on." In the latest third quarter, the company's advertising revenue was up 16% from an year earlier and podcast advertising revenue grew in a double-digit range.

Persons: Brendan McDermid, Brian Berner, Supantha Mukherjee Organizations: New York Stock Exchange, REUTERS, Rights, Spotify, Network, Thomson Locations: New York, U.S, Rights STOCKHOLM, Sweden, India, Germany, United States, Stockholm

[1/2] EU flag and TikTok logo are seen in this illustration taken, June 2, 2023. Meta on Wednesday challenged the "gatekeeper" designations for its Messenger and Marketplace platforms, but did not appeal against the status for Facebook, Instagram and WhatsApp. The European Union in September picked 22 "gatekeeper" services, run by six tech companies - Microsoft (MSFT.O), Apple (AAPL.O), Alphabet's (GOOGL.O) Google, Amazon (AMZN.O), Meta and ByteDance's TikTok. The company said it was designated a gatekeeper based on its parent company, ByteDance's, global market capitalisation that us based primarily on the performance of business lines that do not even operate in Europe. Last month, China's ByteDance bought back shares from U.S. employees in a deal that valued the company at $223.5 billion.

Persons: Dado Ruvic, China's ByteDance, Supantha Mukherjee, Nick Zieminski Organizations: EU, REUTERS, Rights, Meta, Digital Markets, Facebook, European Union, Microsoft, Apple, Google, Economic, European Commission, Thomson Locations: Rights STOCKHOLM, Europe, Stockholm

The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsSTOCKHOLM/BRUSSELS, Nov 15 (Reuters) - Meta (META.O) on Wednesday appealed against "gatekeeper" designations for its Messenger and Marketplace platforms, the first Big Tech company to challenge new European Union rules setting out dos and don'ts for the online services. Meta's Facebook, Instagram, Marketplace, and WhatsApp qualified as gatekeepers under the DMA, which was designed to level the playing field between Big Tech companies and smaller competitors. "This appeal seeks clarification on specific points of law regarding the designations of Messenger and Marketplace under the DMA," a spokesman said. Microsoft and Google have said they will not challenge DMA designations, while sources expect TikTok to file a challenge.

Persons: Yves Herman, WhatsApp, Microsoft's Bing, Supantha Mukherjee, Yun Chee, Emelia Sithole Organizations: REUTERS, Rights, Big Tech, Union, Digital Markets, Facebook, European Commission, Microsoft, Apple, Google, Meta, Thomson Locations: Brussels, Belgium, Rights STOCKHOLM, BRUSSELS, Stockholm

[1/2] A sign is pictured outside a Google office near the company's headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo Acquire Licensing RightsBRUSSELS/STOCKHOLM, Nov 14 (Reuters) - Microsoft and Google will not challenge an EU law requiring them to make it easier for users to move between competing services such as social media platforms and internet browsers. As part of its latest crackdown on Big Tech, the European Union in September picked 22 "gatekeeper" services, run by six of the world's biggest tech companies, to face new rules . The Digital Markets Act (DMA) requires these gatekeepers to inter-operate their messaging apps with competitors and allow users to decide which apps they pre-install on their devices. The DMA will apply to services from Alphabet (GOOGL.O), Amazon (AMZN.O), Apple (AAPL.O), Meta (META.O), Microsoft (MSFT.O) and TikTok owner ByteDance.

Persons: Paresh Dave, ByteDance, Meta, WhatsApp, TikTok, Foo Yun Chee, Supantha Mukherjee, Sharon Singleton, Alexander Smith Organizations: REUTERS, Microsoft, Google, Big Tech, European Union, Markets, Apple, Amazon, Digital Services, European Commission, Digital Markets, Windows, LinkedIn, Industry, Reuters, Facebook, Bloomberg, Thomson Locations: Mountain View , California, U.S, BRUSSELS, STOCKHOLM, Luxembourg, Brussels, Stockholm

LISBON, Nov 14 (Reuters) - Chelsea Manning, a former U.S. army analyst and WikiLeaks source, said on Tuesday that technology tools can be more efficient in protecting people's privacy and information than legal or regulatory mechanisms that risk being tampered with. "I believe very strongly that there are technical means of protecting information and those are more reliable," Manning told Reuters in an interview during Europe's largest technology conference, the Web Summit, in Lisbon, Portugal. Manning currently works as a security consultant at Nym Technologies, a network that aims to prevent governments and companies from tracking people's online activities. 'SIDESTEPPING ETHICS'Artificial intelligence (AI) is the big topic at this year's Web Summit, which draws tens of thousands of participants and high-level speakers from global tech companies, as well as politicians. Reporting by Catarina Demony; Additional reporting by Supantha Mukherjee; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Chelsea Manning, Manning, Barack Obama, Catarina Demony, Supantha Mukherjee, Aurora Ellis Organizations: WikiLeaks, Reuters, Web, Nym Technologies, Thomson Locations: LISBON, U.S, Lisbon, Portugal, Iraq

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsBRUSSELS/STOCKHOLM, Nov 10 (Reuters) - Elon Musk's X social media platform has just 2,294 content moderators to ensure users comply with EU online content rules, significantly fewer than Google (GOOGL.O) and TikTok, a senior European Commission official said on Friday. X has triggered concerns after Musk laid off many employees responsible for monitoring and regulating content amid the spread of disinformation on the platform. According to reports the companies submitted to the EU in September, X's 2,294 EU content moderators compared with 16,974 at Google's YouTube, 7,319 at Google Play and 6,125 at TikTok, the senior Commission official said, speaking on condition of anonymity. Regulators are hoping that X will feel the pressure to boost its number of content moderators to catch up with its rivals, the official said.

Persons: Carlos Barria, Elon Musk's, Musk, Foo Yun Chee, Jan Harvey Organizations: REUTERS, Google, European Commission, EU's Digital Services, Apple, Microsoft, EU, YouTube, DSA, Big Tech, Thomson Locations: San Francisco , California, U.S, BRUSSELS, STOCKHOLM, X's, TikTok, EU

☆ EU AI Act to serve as blueprint for global rules, Benifei says
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. While several countries have been looking at ways to regulate AI, European lawmakers have taken a lead by drafting AI rules aimed at setting a global standard for a technology key to almost every industry and business. Executives and experts attending the conference stressed the importance of establishing guardrails to AI to prevent threats to society and democracy. Last week, Britain published a paper known as the "Bletchley Declaration", agreed with 28 countries including U.S. and China, aimed at boosting global efforts to cooperate on AI safety. "We can build these common alphabet because it's very important to deal with higher level challenges on AI development, for example, the risk of AI used as weapons," he said.

Persons: Dado Ruvic, Brando Benifei, Benifei, Joe Biden, Liz O'Sullivan, Supantha Mukherjee, Diane Bartz, Jeffrey Dastin, Diane Craft Organizations: REUTERS, Union, Reuters NEXT, U.S, Congress, National AI, Reuters, reuters, Thomson Locations: EU, New York, Britain, Bletchley, U.S, China, Stockholm, Washington, San Francisco

☆ Elon Musk's X restructuring curtails disinformation research, spurs legal fears
▼ + stars: | 2023-11-06 | by ( Sheila Dang | ) www.reuters.com time to read: +9 min

It also shows a majority of survey respondents fear being sued by X over their findings or use of data. European Union regulators are also currently investigating X's handling of disinformation, which was the focus of multiple stalled or canceled independent research studies, the survey found. She helped conduct the research survey for the coalition, a global group with more than 300 members, that works to advance the study of technology's impact on society. 'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. Short-form video app TikTok announced an academic research API earlier this year, but its onerous terms and conditions limit its usefulness for researchers, said Megan A.

Persons: Elon, Musk's, Josephine Lukito, Musk, Carlos Barria, Lukito, Tim Weninger, Megan A, Brown, X, CCDH, Imran Ahmed, Bond Benton, Linda Yaccarino, Sheila Dang, Zeba Siddiqui, Martin Coulter, Supantha Mukherjee, Kenneth Li, Anna Driver Organizations: Social, Reuters, Twitter, Coalition for Independent Technology Research, Center, Union, University of Texas, San, EU, Reuters Graphics, REUTERS, University of Notre Dame, New York University, Tech Policy Press, Facebook, Montclair State University, Sprinklr, Thomson Locations: Israel, Gaza, quantifies, U.S, Australian, Austin, San Francisco, San Francisco , California, China, Sprinklr, London, Stockholm

The U.N. last week created a 39-member advisory body to address issues in the international governance of AI. "We need to examine the landscape of existing governance responses across borders, and then see where the gaps are and how we can connect the governance responses together so that there are no gaps," Gill said. Gill, appointed by U.N. Secretary-General António Guterres as tech envoy last year, is tasked with coordination across the U.N. on tech issues, ranging from AI to neural technologies. Guterres had in June backed a proposal by some AI executives for the creation of an international AI watchdog body like the International Atomic Energy Agency. The AI body, co-chaired by Spanish digital minister Carme Artigas and Alphabet's (GOOGL.O) James Manyika, will have at least three in-person meetings and several virtual meetings.

Persons: Brendan McDermid, Amandeep Singh Gill, Gill, António, Joe Biden, Rishi Sunak, Guterres, Carme Artigas, James Manyika, Supantha Mukherjee, Emelia Sithole Organizations: . Security, REUTERS, Rights, United Nations, Reuters, U.N, British, International Atomic Energy Agency, Spanish, Carme, Thomson Locations: New York City, U.S, Rights STOCKHOLM, Alphabet's, Stockholm

REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsSTOCKHOLM, Oct 26 (Reuters) - The United Nations Secretary-General António Guterres on Thursday announced the creation of a 39-member advisory body to address issues in the international governance of artificial intelligence. Sony (6758.T) Chief Technology Officer Hiroaki Kitano, OpenAI CTO Mira Murati and Microsoft (MSFT.O) Chief Responsible AI Officer Natasha Crampton are among the executives representing technology companies. Since OpenAI launched ChatGPT last year, interest in the new technology has spread across the world, leading AI researchers to raise concerns about "risks to society." While many governments are working to formulate laws to regulate the spread of AI, researchers and lawmakers have called for global collaboration. The UN body will issue preliminary recommendations by the end of this year and final recommendations by the summer of 2024.

Persons: Dado Ruvic, António Guterres, Hiroaki Kitano, Mira Murati, Natasha Crampton, Vilas Dhar, Yi Zeng fom, Mohamed Farahat, Guterres, OpenAI, ChatGPT, Supantha Mukherjee, Sharon Singleton Organizations: REUTERS, Rights, United Nations, Sony, Microsoft, Representatives, UN, Thomson Locations: Rights STOCKHOLM, Spain, Saudi Arabia, U.S, Russia, Japan, Yi Zeng fom China, Stockholm

STOCKHOLM, Oct 25 (Reuters) - Amazon (AMZN.O) has more than 181 million users in the European Union and directly employs more than 150,000 people in the region, the company said on Wednesday, in its first store transparency report as required by the EU Digital Services Act (DSA). In August, the Digital Services Act (DSA) imposed new rules on content moderation, user privacy and transparency for platforms and search engines labelled as very large online platforms (VLOP), which were defined as having more than 45 million users in the EU. Amazon has challenged its inclusion in the group, saying it was not the largest retailer in any of the EU countries in which it operates. Germany is by far the biggest market for Amazon store with more than 60 million monthly active users, followed by Italy with 38 million users, according to the report. Amazon also received 8,863 legal requests from EU governments for information about users of its service in the first half of 2023.

Persons: Supantha Mukherjee, Sharon Singleton Organizations: European Union, EU Digital Services, Digital Services, Amazon, Thomson Locations: STOCKHOLM, EU, Germany, Italy, France

☆ Amazon Web Services to launch European sovereign cloud
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

3D printed clouds and figurines are seen in front of the AWS (Amazon Web Service) cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSTOCKHOLM, Oct 25 (Reuters) - Amazon (AMZN.O) Web Services (AWS) said on Wednesday it will launch a sovereign cloud in Europe for government and customers in highly regulated industries. The sovereign cloud will store data on servers located in the European Union, and only EU-resident AWS employees will have control of the operations and provide support, the cloud-computing division of Amazon said in a statement. Microsoft (MSFT.O) and Oracle (ORCL.N) have also launched their cloud versions for European government customers. AWS will launch first in Germany and make its service available to all European customers.

Persons: Dado Ruvic, Supantha Mukherjee, Christopher Cushing Organizations: REUTERS, Rights, Services, European Union, Amazon, European, Microsoft, Oracle, Thomson Locations: Rights STOCKHOLM, Europe, European Union, Germany, Stockholm

After two years of negotiations, the bill was approved by the European parliament in May. At Tuesday's meeting which lasted until midnight, lawmakers agreed on most parts of Article 6 of the draft AI Act, one of the stumbling blocks in talks, the sources said, declining to give further details on what was agreed. Article 6 outlines the types of AI systems that will be designated "high risk", and therefore subject to greater regulatory scrutiny, the sources said. Ahead of Tuesday's meeting, Reuters reported citing sources that European lawmakers were yet to agree on several issues leaving any deal off the table until December. Failure to reach a deal could push negotiations to early next year, increasing the risk that discussions are further derailed by European parliament elections in June.

Persons: Dragos Tudorache, Brando Benifei, Benifei, Supantha Mukherjee, Martin Coulter, Elvira Pollina, Josephine Mason, Kirsten Donovan Organizations: Union, Reuters, EU, Thomson Locations: STOCKHOLM, LONDON, MILAN, Stockholm, London, Milan

The letter, issued a week before the international AI Safety Summit in London, lists measures that governments and companies should take to address AI risks. Currently there are no broad-based regulations focusing on AI safety, and the first set of legislations by the European Union is yet to become law as lawmakers are yet to agree on several issues. "It (investments in AI safety) needs to happen fast, because AI is progressing much faster than the precautions taken," he said. Since the launch of OpenAI's generative AI models, top academics and prominent CEOs such as Elon Musk have warned about the risks on AI, including calling for a six-month pause in developing powerful AI systems. "There are more regulations on sandwich shops than there are on AI companies."

Persons: Dado Ruvic, Yoshua Bengio, Geoffrey Hinton, Andrew Yao, Daniel Kahneman, Dawn Song, Yuval Noah Harari, Elon Musk, Stuart Russell, Supantha Mukherjee, Miral Organizations: REUTERS, Rights, Safety, European, Elon, Thomson Locations: Rights STOCKHOLM, London, European Union, British, Stockholm

The company posted a third-quarter operating income of 32 million euros ($34.1 million), its first quarterly profit since 2021, helped by a higher gross margin and lower marketing and personnel costs. "We believe moving forward, we should see pretty consistent growth in our operating income," its Chief Financial Officer Paul Vogel said. It forecast operating income of 37 million euros in the current quarter. Revenue rose 11% to 3.36 billion euros, beating estimates of 3.33 billion. Analysts were expecting a forecast of 232.4 million premium subscribers and revenue of 3.69 billion euros.

Persons: Eric Gaillard, Paul Vogel, Daniel Ek, Vogel, Supantha Mukherjee, Kirsten Donovan, Jan Harvey Organizations: Spotify, Cannes Lions International, Creativity, REUTERS, Companies, Reuters, Thomson Locations: Cannes, France, STOCKHOLM, LSEG, Stockholm

Search resuls for: "Supantha Mukherjee"

25 mentions found