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Reddit's plans for making money include licensing data for 'teaching' large language models used to power artificial intelligence

Social Media Company Reddit Set For NYSE Debut After IPO

Reddit is set to debut Thursday on the New York Stock Exchange under the ticker RDDT after an IPO priced at $34 dollars a share, the company said Wednesday in a statement, which would value the platform at around $6.4 billion.
The UN General Assembly chamber is seen in February 2023

UN General Assembly To Address AI's Potential Risks, Rewards

The UN General Assembly will turn its attention to artificial intelligence on Thursday, weighing a resolution that lays out the potentially transformational technology's pros and cons while calling for the establishment of international standards.
The Reddit logo displayed on a cell phone and computer monitor

Social Media Company Reddit Rides High In IPO

The Reddit social network said Wednesday it had priced at the top of its expected range ahead of going public on the New York Stock Exchange, in a sign of enthusiasm by investors.
Intel CEO Pat Gelsinger (L) and Intel Factory Manager Hugh Green (R) watch as US President Joe Biden (C) looks at a semiconductor wafer during a tour at Intel Ocotillo Campus in Chandler, Arizona

Biden Unveils Almost $20 Bn For Intel To Boost US Chip Production

US President Joe Biden unveiled almost $20 billion in grants and loans Wednesday for Intel's domestic chip-making plants -- his administration's biggest investment yet in the sector as he takes on China's chip dominance and sells his economic achievements over election rival Donald Trump.
Google and other online platforms have been accused of making billions from news without sharing the revenue with those who gather it

French Regulator Hits Google With 250-mn-euro Fine

French regulators said Wednesday they were fining Google 250 million euros ($272 million) for breaching commitments on paying media companies for reproducing their content online and using their material for its AI chatbot without telling them.
Tesla's German plant started operations in 2022

China Could Turn From An Asset To A Liability For Tesla

Today, the EV pioneer has made some gains in the Chinese market, but it is facing enormous pressure from scores of domestic EV makers. They threaten to turn the company's foray into the Chinese market from an asset to a liability.

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