Tag Archives: Dollar

Google just settled its multi-billion dollar AI tech patent trial

Google just settled its multi-billion dollar AI tech patent trial

The hardware and software development company Singular Computing has received an undisclosed amount from Google in a settlement out of federal court in Massachusetts, bringing to an end the five-year long civil case brought by Singular’s founder Dr. Joseph Bates against the tech giant for patent infringement (PDF, hosted by The Register). Said infringement pertains to computer architectures facilitating artificial intelligence (AI) tool development and the training of large language models… Source link

Read More »

Stocks Drop While Dollar Rallies to One-Month High: Markets Wrap

Stocks Drop While Dollar Rallies to One-Month High: Markets Wrap

(Bloomberg) — Global stocks retreated and the dollar rose to a one-month high as central bank officials pushed back against bets on aggressive interest rate cuts. Most Read from Bloomberg US futures slid, while the Stoxx Europe 600 index headed for a five-week low. The MSCI Asia Pacific Index lost 1.5%, the most in three months. Two-year Treasury yields rose six basis points to 4.2%. An index of the dollar climbed 0.6%. Banks led equity declines in Europe as JPMorgan Chase & Co. analysts said… Source link

Read More »