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Meta opens AI model to commercial use, throwing nascent market into flux

Meta opens AI model to commercial use, throwing nascent market into flux

Jul 18, 2023 | Business, Science, Technology, US

By Katie Paul NEW YORK (Reuters) -Meta is releasing a commercial version of its open-source artificial intelligence model Llama, the company said on Tuesday, giving start-ups and other businesses a powerful free-of-charge alternative to pricey proprietary models sold...
TikTok, Warner Music Group to partner in music licensing deal

TikTok, Warner Music Group to partner in music licensing deal

Jul 18, 2023 | Business, Entertainment and Lifestyle, Technology, US

(Reuters) – Warner Music Group, the record label conglomerate behind artists such as Radiohead, AC/DC and Madonna, has signed a licensing deal with Chinese short-video app TikTok to boost its social media revenues. The multi-year deal will help Warner...
Ford slashes prices of F-150 Lightning trucks as EV wars heat up

Ford slashes prices of F-150 Lightning trucks as EV wars heat up

Jul 17, 2023 | Business, Technology, US

By Nathan Gomes (Reuters) -Ford deepened a price war in the electric-vehicle industry on Monday by slashing the prices of its F-150 Lightning trucks, including a 17% cut for the base model, as it aims to boost its share of an EV market dominated by Tesla. Ford’s...
AT&T shares hit three-decade low as lead cables risk weighs

AT&T shares hit three-decade low as lead cables risk weighs

Jul 17, 2023 | Business, Health, Technology, US

By Chibuike Oguh NEW YORK (Reuters) -Shares of AT&T Inc fell nearly 7% to hit their lowest level in thirty years on Monday, after analysts downgraded the stock following a news report that the telecommunications giant left toxic lead cables buried across the U.S....
Microsoft says Chinese hackers used code flaw to steal emails from US agencies

Microsoft says Chinese hackers used code flaw to steal emails from US agencies

Jul 17, 2023 | Asia, Business, Technology, US

By Raphael Satter WASHINGTON (Reuters) -Microsoft said on Friday that Chinese hackers misappropriated one of its digital keys and used a flaw in the company’s code to steal emails from U.S. government agencies and other clients. The company said in a blog post...
Elon Musk says Twitter’s cash flow still negative as ad revenue drops 50%

Elon Musk says Twitter’s cash flow still negative as ad revenue drops 50%

Jul 17, 2023 | Business, Technology, US

By Jahnavi Nidumolu and Krystal Hu (Reuters) -Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow...
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