Giant batteries drain economics of gas power plants
Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation world-wide.
Ousted OpenAI CEO Altman discusses possible return, mulls new AI venture-source
Sam Altman, the just <a href="/technology/openai-ceo-sam-altman-step-down-2023-11-17/">ousted</a> CEO of OpenAI, is discussing a possible return to the company behind the ChatGPT bot even as he considers launching a new artificial intelligence (AI) venture, a person briefed on the matter said on Saturday.
FTC Chair Lina Khan looks for allies and leads in Silicon Valley charm offensive
Federal Trade Commission Chair Lina Khan found some cozy company over the course of a two-day trip through Silicon Valley this week as she looked to reverse her reputation for being a scourge of Big Tech.
Ferrari to accept crypto as payment for its cars in the US
Ferrari <a href="https://www.reuters.com/markets/companies/RACE.MI" target="_blank">(RACE.MI)</a> has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters.
Microsoft executive says Google deals kept Bing small
A Microsoft <a href="https://www.reuters.com/markets/companies/MSFT.O" target="_blank">(MSFT.O)</a> executive testified on Thursday that Apple <a href="https://www.reuters.com/markets/companies/AAPL.O" target="_blank">(AAPL.O)</a> and other smartphone makers turned down revenue sharing agreements that would have helped his company's Bing search engine - keeping Google in its dominant position on those devices as the default search engine.
Dutch groups sue Google over alleged privacy violations
The Dutch consumers' association Consumentenbond together with the Privacy Protection Foundation issued legal proceedings against Google on Tuesday for alleged large-scale privacy violations, they said in a statement.
Australian regulator sues PayPal unit over unfair term in small business contracts
Australia's securities regulator said on Thursday it will take PayPal's <a href="https://www.reuters.com/markets/companies/PYPL.O" target="_blank">(PYPL.O)</a> local arm to court alleging that the digital payments giant's standard contracts with small business customers contain an unfair term that could overlook errors in overcharging, burdening its clientele.
Exxon says world set to fail 2°C global warming cap by 2050
Oil and natural gas are still projected to meet more than half of the world’s energy needs in 2050, or 54%, Exxon Mobil Corp <a href="https://www.reuters.com/markets/companies/XOM.N" target="_blank">(XOM.N)</a> said on Monday, with the world failing to keep global temperature increases <a href="/business/cop/whats-difference-between-15c-2c-global-warming-2021-11-07/">below 2 degrees Celsius</a>.
Bankman-Fried used $100 mln in stolen FTX funds for political donations, US says
Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday.
Point of no return: Australians fight for the right to work from home permanently
Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 a.m. to hand out assignments.
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