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Microsoft gives up OpenAI board seat amid regulator scrutiny
Microsoft has ditched plans to take up an observer seat on the board of ChatGPT maker OpenAI, according to a letter seen by AFP on Wednesday, as antitrust regulators step up their scrutiny of the artificial intelligence market.
Eastern religions join call for ethical AI
Sect leaders from major Eastern religions on Wednesday signed on to a Vatican-led code for AI ethics that also includes major tech companies at a ceremony in the Japanese city of Hiroshima. More than a dozen leaders from various religions with roots in Asia, including Buddhist, Sikh and Shinto groups, gathered at the Peace Park in Hiroshima, which was decimated by a US nuclear bomb attack in 1945.
Have poor and troubled Paris suburbs won Olympic gold?
Less than 500 metres separate the Stade de France -- the sparkling centrepiece of the Paris Olympics -- and the crumbling Francs-Moisins estate plagued by poverty and crime. Back near the Francs-Moisins estate, a foot and bike bridge is being built across the Saint-Denis canal to the Stade de France, replacing an old and unreliable rotating road bridge and a steep-stepped pedestrian crossing.
Asian markets mixed after Wall Street records
Asian markets diverged Wednesday after fresh records on Wall Street and remarks by the Fed chief that hinted the US central bank would cut interest rates later this year, without offering a clear timeframe. If the Fed does cut rates in September, he added, China's central bank could follow suit.
South Korea Samsung union declares 'indefinite' strike
A union representing tens of thousands of workers at Samsung Electronics in South Korea said Wednesday it would extend a three-day strike indefinitely in a bid to force management to negotiate. "(We) declare a second indefinite general strike from July 10, after learning that the management has no willingness to talk," the National Samsung Electronics Union said in a statement.
Music catalog fund Hipgnosis sold to Blackstone
Shareholders of Hipgnosis Songs Fund, which in recent years made waves by helping popularize music rights as an asset class, have voted to accept a $1.6 billion takeover from US private equity firm Blackstone, filings showed Tuesday.
Meta to pull posts targeting 'Zionists' for harm
Meta on Tuesday said it will start removing posts that label Jews "Zionists" and target them for harm. "We will now remove content that targets 'Zionists' with dehumanizing comparisons, calls for harm, or denials of existence on the basis that 'Zionist' in those instances often appears to be a proxy for Jewish or Israeli people," Meta said in a blog post.
Fed's Powell says US making 'modest' progress on inflation
The US Federal Reserve is making "modest" progress in its inflation fight, the head of the US central bank told lawmakers Tuesday, on the first of two days of testimony in Congress. Speaking in Washington on Tuesday, Fed Chair Jerome Powell told lawmakers on the Senate Banking Committee that the most recent readings "have shown some modest further progress" since the first quarter of the year.
Moody's cuts Kenya debt rating further into junk territory
Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes. The new rating, and Moody's negative outlook for the country, are likely to further increase borrowing costs for the cash-strapped government.
AFP
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