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Microsoft-backed OpenAI to let users customize ChatGPT
Date: February 17, 2023
By Anna Tong SAN FRANCISCO (Reuters) – OpenAI, the startup behind ChatGPT, on Thursday said it is developing an upgrade to its viral chatbot that users can customize, as it works to address concerns about bias in artificial intelligence. The San Francisco-based startup, which Microsoft Corp has funded and used to power its latest technology,...
Exclusive-Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao
Date: February 17, 2023
By Angus Berwick and Tom Wilson (Reuters) – Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show. Over the first three...
G20 watchdog homes in on decentralised finance after FTX crash
Date: February 17, 2023
By Huw Jones LONDON (Reuters) – The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle “vulnerabilities” and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year. The fast-growing and unregulated DeFi segment offers trading, borrowing and lending in cryptocurrency assets by using...
Mercedes-Benz to buy back up to 4 billion euros in shares by 2025
Date: February 17, 2023
BERLIN (Reuters) -Mercedes Benz said on Thursday it plans to buy back up to 4 billion euros ($4.28 billion) of its shares over two years from March 2023, in a move welcomed by analysts ahead of the carmaker reporting full-year earnings on Friday. Shareholders Beijing Automotive Group and Geely had agreed to divest their shares...
Gucci banks on private ‘salons’ for the ultra-rich to revive sales
Date: February 17, 2023
By Mimosa Spencer PARIS (Reuters) – Gucci is banking on new ultra-high-end “salons” offering merchandise priced at up to $3 million to help narrow a widening gap with rival Louis Vuitton as it waits for its new creative director to arrive. Chasing after the ultra-rich whose fortunes are largely immune to economic turbulence, Gucci will...
Ubisoft vows to get back to operating margin above 20% in medium term
Date: February 17, 2023
By Enrico Sciacovelli (Reuters) -French video game producer Ubisoft said it would reach operating margin above 20% in the medium term, as it aims to shift its focus to major franchises and “long-lasting” live service games. The family-run firm has been dogged by game delays in recent years and last month warned of the biggest...