By Timothy Gardner WASHINGTON (Reuters) – The Trump administration said on Wednesday it will redirect $365 million in funding for Puerto Rico’s power grid that had been awarded during the previous administration to support rooftop solar power and battery storage. Puerto Rico has long dealt with widespread power outages due to the U.S. territory’s crumbling…
By Kenrick Cai MOUNTAIN VIEW, California (Reuters) -Alphabet’s Google kicks off its annual developer conference on Tuesday with a flurry of announcements showcasing its huge investment in artificial intelligence, while seeking to fend off concerns over the future of its business. The I/O conference in Mountain View, California has adopted a tone of increased urgency…
By Douglas Gillison (Reuters) -Wall Street’s top regulator remains capable of policing markets despite steep recent cuts to agency staffing, Paul Atkins, the newly installed chairman of the U.S. Securities and Exchange Commission, told Congress on Tuesday. Hundreds of SEC staff since January have taken the Trump administration’s early retirement and buyout offers, with key…
(Reuters) -Generative AI studio Promise, backed by venture capital firm Andreessen Horowitz, said on Tuesday that it had partnered with Alphabet’s Google to use its AI technologies. The startup has also expanded its investor base, with new backing from Google’s AI Futures Fund, Crossbeam Venture Partners, and others, the company said in a blog. Former…
SEATTLE (Reuters) -Microsoft said it will add an artificial intelligence coding agent from Google-backed startup Anthropic to its GitHub service. Coding agents can carry out software development tasks, such as fixing bugs, on a human developer’s behalf. Microsoft on Monday introduced its own coding agent to GitHub, a Microsoft-owned service that many software companies use…
By Alexandra Alper and Jarrett Renshaw WASHINGTON (Reuters) – Nippon Steel plans to invest $14 billion in U.S. Steel’s operations including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company, according to a document and three people familiar with the matter. Under…
By Debora Ely and Ana Mano MONTENEGRO, Brazil (Reuters) -Brazilian authorities hope to determine by Tuesday whether a confirmed outbreak of highly pathogenic avian influenza among wild birds in a zoo in the southern state of Rio Grande do Sul is connected with the country’s first bird flu case on a commercial poultry farm in…
(Reuters) -Dell Technologies on Monday unveiled new servers powered by Nvidia’s Blackwell Ultra chips, aiming to capitalize on the booming demand for artificial intelligence systems. The servers, available in both air-cooled and liquid-cooled variations, support up to 192 Nvidia Blackwell Ultra chips but can be customized to include as many as 256 chips. These servers…
By David Shepardson WASHINGTON (Reuters) -The U.S. Department of Justice dropped a lawsuit late on Friday against Southwest Airlines, filed by the Biden administration in its final days, that accused the carrier of illegally operating chronically delayed flights. The Department of Transportation filed suit in January, saying Southwest operated unrealistic schedules and seeking maximum civil…
(Reuters) -Tesla blocked shareholders who own less than 3% of its shares from suing its directors or officers on behalf of the electric vehicle maker for breach of duties, according to a filing with the U.S. Securities and Exchange Commission on Friday. Three percent of Tesla’s shares amounts to about 97 million shares worth about…
