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Nvidia unveils open-source AI models
SAN FRANCISCO (Reuters) -- Nvidia on Monday unveiled a new family of open-source artificial intelligence models that it says will be faster, cheaper and smarter than its previous offerings, as open-source offerings from Chinese AI labs proliferate. Nvidia is primarily known for providing chips that firms such as OpenAI use to train their closed-source models and charge money for them. But it also offers a slew of its own models for everything from physics simulations to self-driving vehicles as
Dec. 16, 2025 -
US Fed chair front-runner Hassett pledges independence from Trump
NEW YORK (AFP) -- Kevin Hassett, US President Donald Trump's economic adviser and his favorite to lead the Federal Reserve, said Sunday that the central bank's mission was to demonstrate independence -- but the president's opinion "matters." As a top adviser to the president, "I talk about almost everything with him almost every day," Hassett said during an appearance on CBS's "Face the Nation." "I've certainly talked about monetary policy," he said, when asked whether he would frequently consul
Dec. 15, 2025 -
Nvidia eyes increasing AI chip output due to China demand
Nvidia has told Chinese clients it is evaluating adding production capacity for its powerful H200 AI chips after orders exceeded its current output level, according to two sources briefed on the matter. The move comes after US President Donald Trump said Tuesday the US government would allow Nvidia to export H200 processors, its second-fastest AI chips, to China and collect a 25 percent fee on such sales. Demand for the chip from Chinese companies is so strong that Nvidia is leaning toward addin
Dec. 14, 2025 -
Oreo brings zero-sugar cookies to US
Rejoice, New Year’s dieters: Oreos are getting a sugar-free option. Mondelez said Tuesday that Oreo Zero Sugar and Oreo Double Stuf Zero Sugar will go on sale in the US in January. They’re a permanent addition to the company’s Oreo lineup. It’s the first time Mondelez has sold sugar-free Oreos in the US. They’re already sold in Europe and China, the company said. Mondelez said consumers are increasingly seeking what it calls “mindful indulgence,” and the new Oreos will fill an existing gap in th
Dec. 10, 2025 -
Hollywood-hungry Gulf states bankroll Paramount's Warner Bros bid
ABU DHABI (Reuters) -- Paramount Skydance's addition of three Gulf sovereign wealth funds to the cast of its $108 billion hostile bid for Warner Bros Discovery marks a relatively rare alliance among the states as they build their own entertainment industries. Saudi Arabia's Public Investment Fund, Abu Dhabi's L'imad Holding Company, and the Qatar Investment Authority have agreed to back the deal, Paramount said Monday. Paramount also has backing from Affinity Partners, started by Jared Kushner,
Dec. 10, 2025 -
Warner Bros fight heats up with $108b hostile bid from Paramount
Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Netflix had emerged victorious on Friday from a weeks-long bidding war with Paramount and Comcast, securing a $72 billion equity deal for Warner Bros Discovery's TV, film studios and streaming assets. But Paramount's latest attempt means the jockeying for Warner Bros an
Dec. 9, 2025 -
Divided US Fed set for contentious interest rate meeting
WASHINGTON (AFP) -- While the US Federal Reserve's final interest rate meeting this year could see an unusual amount of division, financial markets view a third straight interest rate cut as nearly certain. When the Fed last met in October, Chair Jerome Powell asserted that another rate cut in December was "not a foregone conclusion," pointing to "strongly differing views" within the central bank. Minutes from the Fed's most recent meeting showed many officials expect a further uptick in underly
Dec. 8, 2025 -
How Netflix won Hollywood's biggest prize, Warner Bros Discovery
LOS ANGELES/NEW YORK (Reuters) -- What started as a fact-finding mission for Netflix culminated in one of the biggest media deals in the last decade and one that stands to reshape the global entertainment business landscape, people with direct knowledge of the deal told Reuters. Netflix announced on Friday it had reached a deal to buy Warner Bros Discovery's TV, film studios and streaming division for $72 billion. Although Netflix had publicly downplayed speculation about buying a major Hollywoo
Dec. 7, 2025 -
Trump will block SNAP funds from states that don't share data
WASHINGTON (AP) — President Donald Trump’s administration warned Tuesday that it will withhold money for administering SNAP food aid in most Democratic-controlled states starting next week unless those states provide information about people receiving the assistance. Agriculture Secretary Brooke Rollins said at a Cabinet meeting Tuesday that the action is looming because those states are refusing to provide data the department requested such as the names and immigration status of aid recipients.
Dec. 3, 2025 -
Shoppers scoured for deals online on Cyber Monday
NEW YORK (AP) — Shoppers scoured for deals online on Cyber Monday, delivering strong sales for retailers and capping a five-day spending spree that kicked off on Thanksgiving. Adobe Analytics reported that as of 6:30 p.m. EST Monday, US consumers had already spent $9.1 billion online for Cyber Monday, up 4.5 percent from the same day a year ago. Adobe expects that when the final tally is in, consumers will spend between $13.9 billion and $14.2 billion for the day, making Cyber Monday the biggest
Dec. 2, 2025 -
Airbus hit by new A320 quality problem after software recall
PARIS (Reuters) -- Airbus confirmed Monday it faced an industrial quality issue with metal panels on some A320-family jets, in its latest challenge after a recall to fix a computer glitch. Reuters exclusively reported earlier that Airbus had found quality problems affecting the fuselage panels of several dozen A320-family aircraft, delaying some deliveries. There were no indications that any had reached aircraft in service, but shares in the world's largest plane-maker fell as much as 11 percent
Dec. 2, 2025 -
US announces zero tariff pharmaceutical deal with Britain
The United States and Britain announced a deal Monday to secure zero tariffs on British pharmaceutical products and medical technology in return for Britain spending more on medicines and overhauling how it values drugs. Under the agreement, Britain will raise the net price it pays for new US medicines by 25 percent. In return, UK-made medicines, drug ingredients and medical technology will be exempt from Section 232 sectoral tariffs and any future Section 301 country tariffs. "The United States
Dec. 2, 2025 -
Swiss reject compulsory civic duty, climate tax for super-rich
GENEVA (AFP) -- Swiss voters on Sunday resoundingly rejected a proposal to replace the current men-only military conscription with a compulsory civic duty for all and another on taxing the super-rich to fund the climate fight. Final results from across the country's 26 cantons showed voters spurning the initiatives, which had generated significant discussion in the wealthy Alpine nation. The so-called Civic Duty proposal, which called for requiring every Swiss citizen, regardless of gender, to d
Dec. 1, 2025 -
Global airlines race to fix Airbus jets
Global airlines scrambled to fix a software glitch on Airbus A320 jets on Saturday as a partial recall by the European plane-maker halted hundreds of flights in Asia and Europe and threatened US travel over the busiest weekend of the year. Airlines worked through the night after global regulators told them to remedy the problem before resuming flights. Several carriers on Saturday said they had finished or nearly completed the fix to their fleets, including American Airlines, United Airlines, Ai
Nov. 30, 2025 -
US demands 'balanced' EU digital rules before it cuts steel tariffs
BRUSSELS (Reuters) -- The United States on Monday demanded that the European Union make its regulation of the tech sector more "balanced" in exchange for a reduction of US tariffs on steel and aluminum imports from the bloc. At a meeting in Brussels, EU ministers urged US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer to implement their July trade deal, with cuts to US tariffs on EU steel and their removal from EU goods such as wine and spirits. But Lutnick said the 27
Nov. 25, 2025