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What a blast to work at NASA. Space agency is sky-high again in latest survey of federal employees
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Wednesday, May 15
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SRN News
The inside story of Elon Musk’s mass firings of Tesla Supercharger staff
By Chris Kirkham, Hyunjoo Jin and Abhirup Roy (Reuters) – The day before Elon Musk fired virtually all of Tesla’s electric-vehicle charging division last month, they had high hopes as charging chief Rebecca Tinucci went to meet with Musk about the ...
Wednesday, May 15
by
SRN News
Morning bid: New stock records jump the CPI gun
A look at the day ahead in U.S. and global markets from Mike Dolan Markets seem to have got bored waiting for today’s big U.S. inflation print and stocks zoomed to new records in advance, taking slivers of comfort from Tuesday’s producer price readout ...
Wednesday, May 15
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SRN News
Exclusive-Musk’s Neuralink has faced issues with its tiny wires for years, sources say
By Rachael Levy (Reuters) – Neuralink’s disclosure last week that tiny wires inside the brain of its first patient had pulled out of position is an issue the Elon Musk company has known about for years, according to five people familiar ...
Wednesday, May 15
by
SRN News
A third miner is declared dead in a cave-in in southern Poland
WARSAW, Poland (AP) — Rescuers recovered the body of a third miner a day after a cave-in at the Myslowice-Wesola coal mine in southern Poland in which 12 other workers were hurt, a company spokesperson said Wednesday. The miner was declared dead and the ...
Wednesday, May 15
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SRN News
Senators urge $32 billion in emergency spending on AI after finishing yearlong review
WASHINGTON (AP) — A bipartisan group of four senators led by Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence and place safeguards around it, writing in a new report released ...
Wednesday, May 15
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SRN News
US senators unveil AI policy roadmap, seek government funding boost
By David Shepardson WASHINGTON (Reuters) – A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government research funding of artificial intelligence as they debate new legal safeguards. Generative AI – which can ...
Wednesday, May 15
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SRN News
Chinese EV maker Aiways to go public in US via deal with Hudson Acquisition SPAC
By Nick Carey LONDON (Reuters) – Chinese electric vehicle maker Aiways will go public via a merger with U.S. special purpose acquisition company Hudson Acquistion Corp in a deal that should value the company around $400 million, the two companies said. The ...
Wednesday, May 15
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SRN News
Siemens to sell drive division to KPS for $3 billion, Handelsblatt reports
BERLIN/ZURICH (Reuters) -Germany’s Siemens will sell its Innomotics large motors and drives division to financial investor KPS Capital Partners for 3 billion euros ($3.25 billion), business daily Handelsblatt reported on Wednesday, citing financial sources. Siemens will announce the deal on Thursday along with its financial ...
Wednesday, May 15
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SRN News
AI’s use in finance may need new rules, ECB says
FRANKFURT (Reuters) – The use of artificial intelligence in finance is still in its infancy but it needs to be monitored and possibly regulated to prevent harm to consumers and ensure the proper functioning of markets, the European Central Bank ...
Wednesday, May 15
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SRN News
Stock market today: Global markets follow Wall Street higher ahead of key inflation update
HONG KONG (AP) — World stocks were mostly higher on Wednesday after a rally on Wall Street that took the Nasdaq composite index to a record high. A report Tuesday showed that prices remain stubbornly high at the wholesale level in the United States, ...
Wednesday, May 15
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SRN News
IEA trims 2024 oil demand growth forecast, widening gap with OPEC view
By Natalie Grover LONDON (Reuters) – The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Wednesday, further expanding the chasm between it and oil producer group OPEC regarding the outlook for global oil demand this ...
Wednesday, May 15
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SRN News
Indonesia records $3.56 billion trade surplus in April, above forecast
By Gayatri Suroyo and Ananda Teresia JAKARTA (Reuters) -Indonesia posted a slightly bigger-than-expected trade surplus in April of $3.56 billion, as the country saw smaller-than-estimated imports, statistics bureau data showed on Wednesday. A Reuters poll of economists had expected a surplus of $3.30 billion. The March ...
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