(Reuters) -OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant’s access to cutting-edge AI models, the Financial Times reported on Sunday. A critical issue is how much equity in OpenAI’s new for-profit business…
(Reuters) – Ukrainian President Volodymyr Zelenskiy responded guardedly on Sunday to a proposal from Russian President Vladimir Putin of rapid direct talks aimed at ending the war, saying Kyiv was willing to talk but only after Moscow agreed to a ceasefire. Putin made his proposal in a 1:30 a.m. (2230 GMT Saturday) televised statement from…
By Michael Hogan, Peter Hobson and Gus Trompiz HAMBURG/CANBERRA/PARIS (Reuters) -Chinese buyers bought between 400,000 and 500,000 metric tons of wheat from Australia and Canada in recent weeks, traders said, as heat threatens to damage crops in China’s agricultural heartlands. China is the world’s top wheat grower and also imports large amounts of grain when…
(Reuters) -The European Central Bank should stop cutting borrowing costs as turmoil in the global economy is fuelling price pressures and inflation was at risk of exceeding the bank’s 2% target in the medium term, ECB board member Isabel Schnabel said on Friday. The ECB cut interest rates seven times in the past year as…
(Reuters) -Google has agreed to pay $1.375 billion in a settlement in principle reached with the state of Texas over allegations the company violated users’ data privacy, Texas Attorney General Ken Paxton said on Friday. The agreement settles two lawsuits that covered three products for allegedly violating Texas consumer protection laws. “In Texas, Big Tech…
By Howard Schneider PALO ALTO (Reuters) -President Donald Trump’s unfolding trade policy may curb U.S. productivity and possibly require higher interest rates to contain inflation in a less efficient economy, Federal Reserve governor Lisa Cook said on Friday. “I expect to see a drag on productivity in the near term stemming from the recent changes…
By Jonathan Stempel (Reuters) -Google agreed to pay $50 million to settle a lawsuit accusing the search engine company of systemic racial bias against Black employees. A preliminary settlement covering more than 4,000 Google employees in California and New York was filed on Thursday evening in the Oakland, California federal court, and requires a judge’s…
By Gram Slattery, Valerie Volcovici and Steve Holland WASHINGTON (Reuters) – U.S. officials are discussing a plan to pull Greenland into America’s sphere of influence using a type of agreement that the United States has used to keep close ties with several Pacific Island nations, according to two U.S. officials and another person familiar with…
By Arathy Somasekhar HOUSTON (Reuters) -Shell, the top U.S. offshore producer, said this week that two of its wells to boost production at the Perdido offshore development were delayed to the end of the year, while one was brought online in March. All three wells, part of Perdido’s Great White unit, were originally expected to…
By Ann Saphir and Howard Schneider Palo Alto, California (Reuters) -Kevin Warsh, an apparent frontrunner to be U.S. President Donald Trump’s pick to be the next chair of the Federal Reserve, on Friday suggested a possible pathway to the lower policy rates that Trump has repeatedly pressed the current Fed Chair Jerome Powell to deliver,…
