Julius Baer suffered IT crash last week
By Noele Illien ZURICH (Reuters) – Julius Baer suffered an outage that prevented customers and bankers from accessing its systems on Feb. 16, but quickly restored full service, the Swiss…
Ant Group outbids Citadel for Credit Suisse’s China unit
By Gursimran Kaur and Selena Li in Hong Kong (Reuters) – Fintech giant Ant Group has outbid billionaire Ken Griffin’s Citadel Securities for Credit Suisse‘s investment bank venture in China,…
Lockbit cybercrime gang disrupted by Britain, US and EU
By James Pearson LONDON (Reuters) – Lockbit, a notorious cybercrime gang that holds its victims’ data to ransom, has been disrupted in a rare international law enforcement operation, the gang…
SAP board chair designate to resign, Ala-Pietila nominated as successor
By Utkarsh Shetti (Reuters) – German software company SAP has nominated Finnish businessman Pekka Ala-Pietila to stand for election as chair of its supervisory board after current chair designate Punit…
China bets on open-source chips as US export controls mount
By Eduardo Baptista China – BEIJING (Reuters) – When a Beijing-based military institute in September published a patent for a new high-performance chip, it offered a glimpse of China’s bid…
India yet to decide on lower taxes for imported EVs as local firms resist Tesla
By Una Galani and Peter Thal Larsen DAVOS, Switzerland, Jan 18 (Reuters) – India hasn’t made up its mind on cutting import taxes on electric vehicles (EVs) under a new…
EU-backed investors plan 500-million-euro battery raw materials fund
By Simon Jessop LONDON (Reuters) – Two of Europe’s leading energy transition investors plan to raise 500 million euros ($544.55 million) for a battery raw materials fund, aiming to plug…
OpenAI CEO Altman says at Davos future AI depends on energy breakthrough
By Jeffrey Dastin in Davos DAVOS, Switzerland (Reuters) – OpenAI‘s CEO Sam Altman on Tuesday said an energy breakthrough is necessary for future artificial intelligence, which will consume vastly more…
Microsoft CEO ‘comfortable’ with OpenAI non-profit despite Altman ouster
By Jeffrey Dastin DAVOS, Switzerland (Reuters) – Microsoft CEO Satya Nadella on Tuesday said he had no issue with partner OpenAI‘s governance structure, two months after the startup’s non-profit board…
ABB buys tech company to give industrial robots eyes and brains
By John Revill ZURICH (Reuters) – ABB has bought a company specialising in boosting the mobility of industrial robots – by using artificial intelligence and 3D vision to move around…