OECD members, including U.S., back guiding principles to make AI safer
The evolution of artificial intelligence is driving advances in technology but raising questions over ethics, the head of the OECD said on Wednesday, as more than 40 nations backed a set of principles meant to improve transparency around AI.
Meet ‘Digit’, the walking robot for Ford self-driving vans
Ford Motor Co said on Wednesday it was partnering with walking robots maker Agility Robotics as it designs a planned fleet of self-driving delivery vans that will drop packages at the doorsteps of people’s homes.
U.S. judge says Qualcomm violated antitrust law; appeal planned, shares plunge
Qualcomm Inc illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive licensing fees, a U.S. judge ruled, a decision that could force the company to overhaul its business practices….
British Steel collapses after failing to secure extra funding
British Steel, the country’s second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britain’s Official Receiver said on Wednesday.
U.S. Treasury’s Mnuchin says U.S. to hit debt limit in late summer
U.S. Treasury Secretary Steven Mnuchin on Wednesday urged Congress to raise the U.S. debt ceiling as soon as possible, saying the U.S. government was expected to exhaust its borrowing authority around late summer.
Mnuchin says further U.S. tariffs on China at least a month away
The United States is studying how proposed tariff increases on roughly another $300 billion in Chinese imports will affect consumers and is at least a month away from enacting them, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
EU sees no compliance issues in Google shopping, rivals disagree
Europe’s antitrust chief said on Wednesday she did not see any problems with the way Google was complying with her order to boost competition in online shopping, brushing aside complaints from some of the U.S. company’s rivals.
Status quo at Renault-Nissan must be changed: French finance minister
The current status quo regarding the alliance between French carmaker Renault and its Japanese partner Nissan cannot continue and must be changed as it is currently weakening Renault, said French finance minister Bruno Le Maire.
Wall Street edges lower on fresh trade concerns; Qualcomm drags techs
U.S. stocks dipped on Wednesday, as reports that Washington could impose sanctions on another Chinese company heightened trade worries, while a slump in Qualcomm shares pressured the technology sector.
Chip designer ARM halts work with Huawei after U.S. ban
British chip designer ARM has halted relations with Huawei in order to comply with a U.S. blockade of the company, potentially crippling the Chinese company’s ability to make new chips for its future smartphones.
