Meta Platforms on Thursday shared new details on its data center projects to better support artificial intelligence work, including a custom chip “family” being developed in-house. The Facebook and Instagram owner said in a series of blog posts that it designed a first-generation chip in 2020 as part of the Meta Training and Inference Accelerator (MTIA)…
Democrats in the U.S. Congress expressed frustration with President Joe Biden’s willingness to engage with Republicans demanding tougher work requirements for food aid recipients as part of any deal to raise the nation’s debt ceiling. They have stopped short of threatening to block such moves, as talks on lifting the federal government’s $31.4 trillion borrowing…
Shares of Capital One Financial Corp rebounded from its losses in the past two weeks on Tuesday after billionaire investor Warren Buffett’s Berkshire Hathaway Inc disclosed it had taken a stake of nearly $1 billion in the credit cards-focused bank. Berkshire acquired 9.92 million shares in Capital One, a stake worth $954 million based on…
The Dow and the S&P 500 fell on Tuesday after a dour forecast from Home Depot and April retail sales data pointed to consumers feeling the pinch from rising prices and interest rates, ahead of crucial debt limit talks. The Commerce Department reported retail sales rose 0.4% in April, at half the pace against an expected increase…
The United States on Tuesday announced charges in five cases involving alleged efforts to steal technology to benefit China, Russia and Iran including a former Apple Inc engineer accused of targeting the company’s technology on autonomous systems, including self-driving cars, and then fleeing to China. The cases detailed at a Justice Department press conference centered…
OpenAI, the startup behind ChatGPT, wants the U.S. to consider mandating licenses for companies to develop powerful artificial intelligence like the kind underpinning its chatbot, its chief executive plans to tell Congress on Tuesday. In his first appearance before a congressional panel, CEO Sam Altman is set to advocate licensing or registration requirements for AI…
U.S. retail sales increased less than expected in April, but the underlying trend was solid, suggesting that consumer spending got off to a strong start in the second quarter, defying expectations of a recession this year. The smaller-than-expected rebound in retail sales last month reported by the Commerce Department on Tuesday likely reflected a moderate…
Alphabet Inc’s Google on Tuesday said it would delete accounts that had remained unused for two years starting December, in a bid to prevent security threats including hacks. The company said that if a Google account had not been used or signed into for at least two years, it might delete the account and content across Google…
Two workers glide between a computer screen and a stainless steel vat making face cream, a scientist in a white coat mixes a formula and a colleague sticks labels on bottles. Apart from the whir of machines, there is silence: this is “deep work time” at British skincare maker Five Squirrels when staff strive to…
One of the strongest storms to hit Myanmar in recent years severely disrupted communications in the impoverished state of Rakhine, a major ethnic armed group and an aid worker said on Monday, making it hard to ascertain the scale of its impact. Cyclone Mocha barrelled into the western coast of Myanmar from the Bay of…
