Lead Crafts Media Team.

HONG KONG, Sept 4 (Reuters) – ByteDance has secured a $29.6 billion loan from nearly 30 banks, three people with direct knowledge of the matter said ‌on Friday, with the Chinese social media giant’s bet on AI development driving strong interest from lenders. The loan is the second-largest made in Asia this year after SoftBank raised $40 […]

WASHINGTON, Sept 4 (Reuters) – Minnesota’s first-in-the-nation ban on AI-generated fake nude images will remain in effect as a constitutional challenge by Elon Musk’s xAI proceeds, after ‌a federal judge on Friday declined to block the law at an early stage of the case. Musk’s xAI company argues the measure restricts free speech protected by the

Aug 28 (Reuters) – Alphabet’s Google (GOOGL.O), opens new tab on Friday said it had changed its spam policy, opens new tab in Europe to address EU concerns that could have resulted in an ‌antitrust fine. The U.S. tech giant found itself in EU regulators’ crosshairs after publishers complained about its site reputation abuse policy. It targets the practice of publishing

Aug 28 (Reuters) – Tencent (0700.HK), opens new tab released a preview version of a new open-source AI model aimed at tasks such as software ‌engineering, research and financial analysis, according to its post published on Friday on Hugging Face, a repository of open-source AI models.  The model, called Hy4 preview, uses ⁠a “mixture-of-experts” design with 770

Aug 21 (Reuters) – Nvidia (NVDA.O), opens new tab has made a minority investment in privately held Cloverleaf Infrastructure to develop infrastructure to power AI ‌data center projects across the U.S., the companies said on Friday. The investment will help Cloverleaf develop sites for the data centers, while Nvidia will support ⁠infrastructure buildouts for AI computing.  Financial terms

SEOUL, Aug 21 (Reuters) – South Korea plans to create a new fund to channel tax windfalls from the country’s semiconductor boom into supporting younger generations and invest in future growth industries such as artificial intelligence, the budget ‌ministry said on Friday. The proposed “Future Response Fund” would finance programmes aimed at helping young people find

BEIJING, Aug 13 (Reuters) – Chinese artificial intelligence startup DeepSeek formally released its V4 Pro model on Thursday, pricing it several times higher than its V4 Flash model as it seeks to turn stronger benchmark performance into a premium flagship offering. DeepSeek’s V4-Pro-0813 is ‌priced at $1.32 per million input tokens and $3.96 per million

Aug 14 (Reuters) – Nvidia (NVDA.O), opens new tab has revised its plans to support a proposed OpenAI data center project in Ohio and is now expected to initially guarantee less ‌than $120 billion, down from the $250 billion previously discussed, the Wall Street Journal reported on Friday, citing people familiar with the matter. The ​Journal said Nvidia and

Aug 7 (Reuters) – OpenAI said on Friday it cannot rule out that its upcoming AI model, Astra, has “critical” cybersecurity capabilities, prompting the startup to pause some internal development and trigger safety protocols. Under OpenAI’s ‌safety guidelines, a model reaches the “critical” threshold if it can autonomously identify and exploit severe, real-world software vulnerabilities, known

SAO PAULO, Aug 7 (Reuters) – Brazil’s central bank said on Friday that some cryptocurrency transfers will ‌have to be delayed by up to 24 hours under new anti-fraud rules.  The central bank said the ​move reflects the growing use ⁠of virtual assets, including ​stablecoins, to quickly move money obtained ​through financial scams. The rule, which takes