Tech News

ChatGPT's Altman pleads to US Senate for AI rules

Sam Altman, the chief executive of ChatGPT's OpenAI, told US lawmakers on Tuesday that regulating artificial intelligence was essential, after his chatbot stunned the world.. "OpenAI was founded on the belief that artificial intelligence has the potential to improve nearly every aspect of our lives, but also that it creates serious risks," Altman told a Senate judiciary subcommittee hearing.

Brazil's Petrobras scraps international price peg

Brazilian state-run oil company Petrobras said Tuesday it has ended its policy of pegging fuel prices to the international market, an overhaul promised by President Luiz Inacio Lula da Silva that had initially triggered investor jitters.. Markets welcomed the announcement, with analysts saying investors had feared a more radical overhaul of the international price peg policy, which had been in place since 2016.

Second death of detainee in Venezuela graft probe

A second detainee arrested in a huge anti-corruption investigation in Venezuela has died, the country's attorney general Tarek William Saab said.. In April, another detainee committed suicide, according to authorities, but rights groups have demanded an independent investigation into that death. erc-pgf/lab/ial/bc/mlm

OpenAI CEO tells US senators regulation is 'critical'

Sam Altman, the chief executive of ChatGPT's OpenAI, told US lawmakers on Tuesday that regulating artificial intelligence was essential, after his chatbot stunned the world.. "OpenAI was founded on the belief that artificial intelligence has the potential to improve nearly every aspect of our lives, but also that it creates serious risks," Altman told a Senate judiciary subcommittee hearing.

QatarEnergy awards $10 bn gas contract to Technip Energies, CCC

QatarEnergy said Tuesday it awarded a contract worth about $10 billion to a joint venture of France's Technip Energies and Consolidated Contractors Company, in the Gulf emirate's latest major gas deal.. "Technip holds a comfortable majority of the capital," a source close to the French company told AFP. Consolidated Contractors Company (CCC) is a global engineering and construction firm.

France issues arrest warrant for Lebanese central bank chief

A French investigating magistrate on Tuesday issued an international arrest warrant for Lebanon's central bank chief Riad Salameh, a source close to the case said.. After Salameh failed to show Tuesday, the magistrate in charge of the case had the option of issuing a fresh summons, but instead decided to issue an international warrant for his arrest.

Martha Stewart, 81, is oldest Sports Illustrated swimsuit cover model

American lifestyle guru Martha Stewart has become the oldest cover model for Sports Illustrated's annual swimsuit edition, at the age of 81.. "Usually I'm motivated by pay but this time I was motivated by showing people that a woman my age can still look good, feel good, be good," Stewart said in a video on Sports Illustrated's swimsuit edition website.

US retail sales, industrial production post April gains

Retail sales in the United States returned to growth in April fueled by a rebound in motor vehicle sales, data released Tuesday showed, but not by as much as many expected.. - Strong vehicle production - A separate report released Tuesday by the Federal Reserve showed industrial production rose 0.5 percent month-on-month, beating median expectations of economists surveyed by MarketWatch. 

Erdogan rival faces uphill struggle in Turkey runoff

Turkey's secular opposition leader may have succeeded in forcing President Recep Tayyip Erdogan into his first ever runoff, but his chances of winning on May 28 are remote.. The opposition leader, himself an Alevi Kurd who represents one of Turkey's most repressed communities, was endorsed by the pro-Kurdish HDP party in late April.

EU backs tougher tax rules on crypto transactions

EU ministers agreed stronger rules Tuesday to crack down on the use of cryptocurrencies in tax fraud, as Brussels bolsters its efforts to regulate the volatile sector.. The 27-member bloc's parliament last month approved the world's first comprehensive rules covering crypto assets, which include cryptocurrencies such as bitcoin and ethereum and tradable tokens whose value is secured using blockchain technology, such as NFTs. During a meeting of EU economy and finance ministers on Tuesday, they agreed on rules to go after individuals who stash their cash where tax authorities have no oversight.