Citi executive in charge of implementing bank's restructuring departs
(Reuters) - Citigroup's Titi Cole, a top executive in charge of implementing its sweeping restructuring plan, is leaving the bank, an internal memo seen by Reuters showed on Tuesday. Cole, as the head of legacy franchises, executed the third larges...
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Google launches Trillium chip, improving AI data center performance fivefold
By Max A. Cherney (Reuters) - Google parent Alphabet on Tuesday unveiled a product called Trillium in its artificial intelligence data center chip family that it says is nearly five times as fast as its prior version. "Industry demand for (machine ...
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Blue Origin to resume space tourist flights after near 2-year pause
(Reuters) - Jeff Bezos-backed Blue Origin will resume flights to space on Sunday, ending a near two-year pause of crewed operations following a 2022 mission failure. The NS-25 mission will lift off from Launch Site One in West Texas, with the launc...
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China's BYD unveils mid-size hybrid EV pickup in Mexico
MEXICO CITY (Reuters) - Chinese automaker BYD unveiled the Shark, a mid-size hybrid-electric pickup truck, at an event in Mexico on Tuesday. (Reporting by Cassandra Garrison; Editing by Anthony Esposito)
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Alphabet to spotlight AI innovations at developer conference
By Max A. Cherney SAN FRANCISCO (Reuters) - Alphabet is expected to announce on Tuesday how it is building on artificial intelligence across its businesses, a day after OpenAI demonstrated a new AI model that can work with sound and images in addit...
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Analysis-Hopes for 'soft landing' at stake as investors await US inflation data
By Lewis Krauskopf NEW YORK (Reuters) - Investors' newfound optimism on the U.S. economy faces an important test on Wednesday, with consumer price data set to show whether the soft landing hopes that have fueled recent gains in equities are justifi...
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Timberwolves' Rudy Gobert fined $75K for 'money gesture'
Minnesota Timberwolves center Rudy Gobert was fined $75,000 by the NBA on Tuesday for making what it called "an inappropriate and unprofessional gesture." The NBA said in its announcement that Gobert's gesture -- known as the "money gesture" -- "quest...
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Mexico's presidential frontrunner Sheinbaum holds wide lead in latest poll
MEXICO CITY (Reuters) - Former Mexico City Mayor and ruling party candidate Claudia Sheinbaum held a comfortable, albeit slightly narrower lead over her closest rival ahead of the nation's elections less than three weeks away, a poll showed on Tues...
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Israel and Egypt trade blame over Rafah Crossing closure
By Maytaal Angel and Nayera Abdallah JERUSALEM (Reuters) - Israel said on Tuesday that it was up to Egypt to reopen the Rafah Crossing and allow humanitarian relief into the Gaza Strip, prompting Cairo to denounce what it described as an attempt to...
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Meta to shut Workplace app to focus on AI, metaverse
(Reuters) - Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence and metaverse technologies, the Facebook parent said on Tuesday. Workplace will be shuttered starting Jun...
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