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US regulator launches probe into tech giants' AI investments
US regulator launches probe into tech giants' AI investments
Technology
by  AFP

A top US antitrust regulator said it was launching an inquiry Thursday about investments made by Microsoft, Google and Amazon into generative AI startups OpenAI and Anthropic. Anthropic, founded by former staff of OpenAI, received major investments from both Google and Amazon last year and is seen as a potential major player in the fast-emerging generative AI sector.

LVMH posts record sales and profit in 2023
LVMH posts record sales and profit in 2023
Economy
by  AFP

The world's largest luxury goods group LVMH announced record results Thursday, even as growth slowed towards the end of last year and sales of spirits shrank. Besides clothing and leather goods, LVMH also posted sales growth in perfumes, cosmetics, watches, and jewelry, with wines and spirits being the only unit to shrink, down 4 percent for the full year.

Lloyds bank cuts almost 800 jobs in online switch
Lloyds bank cuts almost 800 jobs in online switch
Economy
by  AFP

British retail lender Lloyds Banking Group on Thursday announced a net reduction of almost 800 jobs, as it slashes branch staff but boosts customer services. Lloyds said in a statement that it will slash about 1,600 jobs across its branch network.