Town Hall News

By Foo Yun Chee BRUSSELS (Reuters) – EU industry chief Thierry Breton will meet OpenAI CEO Sam Altman in San Francisco next month to discuss how the company will implement the bloc’s world-leading rules on artificial intelligence (AI), EU officials said on Tuesday. Breton will also discuss an AI pact with Altman with the goal of getting OpenAI to join a group of European and non-European companies to apply the […]

By Yuvraj Malik, Samrhitha A and Stephen Nellis (Reuters) – Jensen Huang, the chief of chipmaker Nvidia Corp, has joined an elite list of tech executives to head a company worth $1 trillion. Even more unusual is that Huang, 60, is only the second U.S. CEO after Amazon.com Inc’s Jeff Bezos, who helmed the retailer until 2021, to hit such a milestone for a company they co-founded. Nvidia shares have […]

By Svea Herbst-Bayliss NEW YORK (Reuters) – Illumina Inc CEO Francis deSouza survived a challenge to his board seat from activist investor Carl Icahn last week by securing more than twice the shareholder votes than the number his challenger received, the company said in a filing on Tuesday. While the outcome of the vote was known, the tally had not been previously disclosed. It gives deSouza legitimacy to carry on […]

NEW YORK (Reuters) – Kroll Bond Rating Agency (KBRA) said on Tuesday it remained confident about its top AAA rating for the U.S. government as a debt ceiling deal appeared within reach and because political wrangling did not affect the country’s ability to pay its debts. “In KBRA’s view, the debt ceiling brinkmanship and the questions it may have raised regarding ‘willingness’ to pay, does not confound the facts about […]

SEOUL/TOKYO (Reuters) -North Korea launched what it called a space satellite toward the south on Wednesday, South Korea’s military said, prompting emergency alerts and evacuation warnings in parts of South Korea and Japan. Air raid sirens wailed across the South Korean capital of Seoul around 6:32 a.m. (2132 GMT Tuesday) as the city issued a warning asking citizens to prepare for potential evacuation. The Japanese government issued an emergency warning […]

NEW YORK (Reuters) – A mammoth run in shares of Nvidia Corp has vaulted the chipmaker into a rarified club: U.S. companies that have reached $1 trillion in market value. Nvidia’s market cap ended at about $990.7 billion on Tuesday, according to Reuters data, after hitting $1 trillion during the session. Only seven U.S. companies have eclipsed that lofty mark, beginning with Apple nearly five years ago. While Apple has […]

SEOUL/TOKYO (Reuters) -North Korea launched what it called a space satellite toward the south on Wednesday, South Korea’s military said, prompting emergency alerts and evacuation warnings in parts of South Korea and Japan. Air raid sirens wailed across the South Korean capital of Seoul around 6:32 a.m. (2132 GMT Tuesday) as the city issued a warning asking citizens to prepare for potential evacuation. The Japanese government issued an emergency warning […]

By Sinéad Carew and Noel Randewich NEW YORK/SAN FRANCISCO (Reuters) -Even after Nvidia Corp’s blistering rally in recent days, the chip developer’s valuation has actually fallen, at least by one measure widely used by analysts and investors.     The chip developer has risen more than 31% in the last three sessions including a 3% gain on Tuesday to $401.11. At one point during the session, its market capitalization surpassed […]

SEOUL/TOKYO (Reuters) -North Korea launched what it called a space satellite toward the south on Wednesday, South Korea’s military said, prompting emergency alerts and evacuation warnings in parts of South Korea and Japan. Air raid sirens wailed across the South Korean capital of Seoul around 6:32 a.m. (2132 GMT Tuesday) as the city issued a warning asking citizens to prepare for potential evacuation. The Japanese government issued an emergency warning […]