LOS ANGELES — Media company Warner Bros Discovery received a revised offer this week from streaming giant Netflix in a binding second round of bids that could unlock a sale within days or weeks, a person familiar with the matter told Reuters on Monday. The Netflix offer is mostly cash and stands alongside competing bids … Read more
SAN FRANCISCO — OpenAI chief executive Sam Altman has declared an internal “OpenAI code red” to accelerate improvements to ChatGPT as Google intensifies efforts to reclaim its lead in artificial intelligence, according to a memo viewed by The Wall Street Journal. The directive signals a renewed focus on the company’s flagship chatbot and a temporary … Read more
SEOUL — Samsung Electronics unveiled its first Samsung multi folding phone on Monday as the company accelerates efforts to defend its early lead in the foldable smartphone market against rapidly advancing Chinese competitors. The device, called the Galaxy Z TriFold, will debut in South Korea on Dec. 12 before expanding to several global markets. The … Read more
SAN FRANCISCO — Artificial intelligence startup Runway announced Monday that its latest video model, Gen 4.5, has surpassed competitors from Google and OpenAI in a widely recognized independent benchmark. The model allows users to generate high definition videos from written prompts, capturing complex motions, human interactions and camera movements with remarkable precision. Runway CEO Cristóbal … Read more
US stocks sank on Monday as investors pulled back from risk assets and the late November rebound hit resistance on the first trading day of December. Major indexes slid in early trading, led by declines in technology shares and a deepening bitcoin slump, widening concerns that a typically strong month for equities may not follow … Read more
A federal appeals court on Monday upheld the Alina Habba disqualification, ruling that former President Donald Trump’s nominee cannot serve as New Jersey’s top federal prosecutor in either an acting or permanent capacity. The decision by the US Court of Appeals for the Third Circuit affirmed a lower court’s finding that the administration improperly attempted … Read more
SEOUL — South Korean police on Monday said they have begun a formal investigation into what may be the worst customer data leak in the country’s history, after over 33 million users of Coupang had their personal information exposed. Authorities are tracing IP addresses and probing possible technical vulnerabilities as they seek to confirm how the … Read more
Tokyo — SoftBank Group Corp. sold its entire stake in Nvidia Corp. to free up capital for large scale artificial intelligence investments, including a significant commitment to OpenAI. Speaking at a Tokyo forum Monday, SoftBank founder Masayoshi Son expressed personal regret over the sale, saying, “I was crying to sell Nvidia shares.” SoftBank’s decision came … Read more
KYIV — Ukrainian President Volodymyr Zelensky on Monday issued a renewed message of gratitude to former US President Donald Trump following what Ukrainian officials described as constructive peace negotiations in Florida this past weekend. Zelensky said the talks between US and Ukrainian envoys offered a “path toward dialogue with a clear focus on Ukraine’s sovereignty … Read more
LONDON — European markets opened the final month of the year in negative territory Monday, with defense stocks leading declines as investors assessed renewed momentum in peace negotiations over Ukraine and awaited signals from the US Federal Reserve. The Stoxx 600 slipped about 0.3 percent shortly after markets opened in London, extending pressure that had … Read more
