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Christine Lagarde, president of the European Central Bank, pictured at a press conference in Frankfurt am Main, Germany, on April 11, 2024

'We Are Not Fed-dependent,' ECB Chief Says On Rate Cuts

Speaking in Washington on the sidelines of spring meetings at the International Monetary Fund, Lagarde said Europe was seeing a "disinflationary process" -- with observers betting on the first rate cut to take place in June.
Volkswagen's assembly plant in Chattanooga, Tennessee. will be the first to vote in the United Auto Workers (UAW) campaign to organize Southern plants

Tennessee VW Workers Hold Key Unionization Vote

Volkswagen employees in Tennessee will begin casting ballots Wednesday in a vote that could make theirs the first foreign carmaker to unionize in the American South, expanding gains made by organized labor in the auto heartland of Detroit.
ASML saw a decline in net profits and bookings

ASML Profits Down Amid China Chip Spat

ASML is one of the leading manufacturers of equipment to make state-of-the-art semiconductor chips, which power everything from mobile phones to cars.
Meta's independent oversight board can make recommendations regarding the social media giant's deepfake porn policies but it is up to the tech firm to actually make any changes

Meta 'Supreme Court' Takes On Cases Of Deepfake Porn

The move by what is referred to as a Meta "supreme court" for content moderation disputes comes just months after the widespread sharing of lewd AI-generated images of megastar Taylor Swift on X, formerly Twitter.
South Korean semiconductor giant Samsung will build a new chip facility in Texas and expand its existing one, according the agreement

US To Grant Samsung Up To $6.4 Bn For Chip Plants

The award is the latest from the US government as it looks to cement its lead in the chip industry -- especially for chips needed for the development of AI -- both on national security grounds and also in the face of competition with China.
With the huge success of its generative tools such as ChatGPT, OpenAI has become one of the most significant tech companies in the world

OpenAI Comes To Asia With New Office In Tokyo

Thanks to the stratospheric success of its generative tools that can create text, images and even video, OpenAI has become a leader in the artificial intelligence revolution and one of the most significant tech companies in the world.
Amazon Web Services (AWS) CEO Adam Selipsky notes Amazon has been in the AI business for more than 25 years

Race For AI Isn't Zero-sum, Says Amazon Cloud Boss

Tech giants like Microsoft, Google and Meta have made headlines talking about their own foundational models, or those of their close partners, that are key to AI and its ability to produce written works, images, videos or even computer code from simple user prompts.

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