Uncategorized – Page 268 – I wish I had more to offer

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Feb 7 (Reuters) – Hertz Global Holdings Inc (HTZ.O) on Tuesday reported a quarterly profit versus a year-ago loss, as demand for rental cars stayed strong amid surging leisure travel and constrained production from automakers. Shares of the company rose 3.8% to $18.36 in premarket trading. The car rental industry, tied closely to airline traffic… Continue reading Untitled

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MILAN, Feb 7 (Reuters) – Ferrari (RACE.MI) said on Tuesday it had appointed Lorenzo Giorgetti to the newly-created position of chief racing revenue officer, tasked with boosting long-term relations with sponsors across all racing activities. Among his previous posts Giorgetti has been chief commercial officer at Serie A soccer club AC Milan and head of… Continue reading Untitled

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SHANGHAI, Feb 7 (Reuters) – Chinese artificial intelligence stocks are the latest rage in mainland markets as the global frenzy around the Microsoft-backed ChatGPT chatbot spurs speculative bets on the revolutionary computing technology. Just two months after its launch, ChatGPT – which can generate articles, essays, jokes and even poetry in response to prompts –… Continue reading Untitled

Alibaba-backed Pakistani e-commerce platform Daraz cuts workforce by 11%

KARACHI, PAKISTAN, Feb 7 (Reuters) – Alibaba-owned e-commerce platform Daraz Group is reducing its workforce by 11% to prepare for the ‘current market reality’, Chief Executive Officer Bjarke Mikkelsen said. In a letter to its employees on Monday and shared on the company’s website, Mikkelsen cited a difficult market environment, with a war in Europe,… Continue reading Alibaba-backed Pakistani e-commerce platform Daraz cuts workforce by 11%

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BEIJING, Feb 7 (Reuters) – China’s Baidu Inc (9888.HK) said on Tuesday it would complete internal testing of a ChatGPT-style project called “Ernie Bot” in March, joining a global race as interest in generative artificial intelligence (AI) gathers steam. Ernie，meaning “Enhanced Representation through Knowledge Integration,” is a large AI-powered language model introduced in 2019, Baidu… Continue reading Untitled

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Exclusive: Record-breaking 2022 for North Korea crypto theft, UN report says, article with image

UNITED NATIONS, Feb 6 (Reuters) – North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defense companies, according to a currently confidential United Nations report seen by Reuters on Monday. “(North Korea) used increasingly sophisticated cyber techniques both to gain access to digital… Continue reading Exclusive: Record-breaking 2022 for North Korea crypto theft, UN report says, article with image

Biden says he is not sure whether U.S. would ban TikTok, article with image

WASHINGTON, Feb 6 (Reuters) – U.S. President Joe Biden said on Monday he was not sure if Washington would ban Chinese-owned short video app TikTok. “I’m not sure. I know I don’t have it on my phone,” Biden said, responding to a reporter’s question about TikTok after returning to Washington from a weekend retreat in… Continue reading Biden says he is not sure whether U.S. would ban TikTok, article with image

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U.S. senators question Meta over Chinese, Russian access to Facebook data -statement, article with image

WASHINGTON, Feb 6 (Reuters) – A bipartisan pair of U.S. senators said on Monday they had sent a letter to Meta (META.O) CEO Mark Zuckerberg questioning the company about documents that they say reveal that Facebook developers in China and Russia had access to user data. “It appears from these documents that Facebook has known,… Continue reading U.S. senators question Meta over Chinese, Russian access to Facebook data -statement, article with image