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Zuckerberg, Altman offer support for EU regulation of AI

BLOOMBERG  Technology company executives Mark Zuckerberg and Sam Altman expressed support for government oversight of artificial intelligence (AI) after discussions with European Commissioner Thierry Breton. The commissioner said that he and Zuckerberg, chief executive officer of Meta Platforms Inc, were “aligned” on the EU’s regulation of artificial intelligence, which is now in final negotiations. They agreed on the bloc’s risk-based ...

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Modi meets Musk, Dalio in US as global money flocks to India

BLOOMBERG  Indian Prime Minister Narendra Modi’s trip to the US couldn’t have come at a better time. A buzzing economy, equity benchmarks at record highs and a rapidly growing consumer market all make for a great advertisement as he pitched the country’s potential to American corporate executives and investors. Stocks in India have lured almost $10 billion in net foreign ...

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Honda profit outlook exceeds estimates

BLOOMBERG  Honda Motor Co forecast profit for the current fiscal year that slightly exceeded analyst projections thanks to a recovery in automobile production, drops in some material prices and robust sales of motorcycles in India and Southeast Asia. The Japanese automaker also said in a statement that it plans to buy back as much as $1.5 billion yen of its ...

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