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ChatGPT’s explosive growth shows first decline in traffic since launch

ChatGPT’s explosive growth shows first decline in traffic since launch

Jul 5, 2023 | Business, Economy, Middle East, Technology, Top News

By Krystal Hu (Reuters) -ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, according to analytics firm Similarweb. Worldwide desktop and mobile traffic to the...
Why a $1.5 trillion source of corporate financing is choking on higher rates

Why a $1.5 trillion source of corporate financing is choking on higher rates

Jul 5, 2023 | Asia, Business, Economy, Europe, US

By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – A financial stream that helped fund the world’s riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive rate hikes bring tougher...
U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label

U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label

Jul 5, 2023 | Asia, Business, Economy, Entertainment and Lifestyle, Europe, Politics, Technology, US

By Foo Yun Chee BRUSSELS (Reuters) -Seven companies including Amazon, Apple, Google, Facebook-owner Meta and Microsoft say they meet the EU’s new criteria of “gatekeeper” that means they have to meet tougher rules, EU industry chief Thierry Breton...
Binance market share takes regulatory hit, its US affiliate shrinks

Binance market share takes regulatory hit, its US affiliate shrinks

Jul 5, 2023 | Business, Economy, Technology

By Medha Singh (Reuters) – The market share of Binance, the world’s largest cryptocurrency exchange, and its U.S. affiliate have shrank this year, as they battle an onslaught of regulatory crackdowns. Last month, Binance was hit by a lawsuit by the U.S....
US new vehicle sales rise on strong demand, better supply

US new vehicle sales rise on strong demand, better supply

Jul 5, 2023 | Asia, Business, Economy, Europe, Top News, US

By Pratyush Thakur and Shivansh Tiwary (Reuters) -New vehicle sales in the United States for top global automakers rose in the second quarter on improving supply and strong demand, signaling that rising interest rates have not yet had a meaningful impact on purchases....
Duke Energy to sell distributed generation portfolio in $364 million deal

Duke Energy to sell distributed generation portfolio in $364 million deal

Jul 5, 2023 | Business, Economy, US

(Reuters) – Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. The business includes operating assets of REC Solar, which Duke had...
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