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Generative AI a stumbling block in EU legislation talks -sources

EU lawmakers cannot agree on how to regulate systems like ChatGPT, in a threat to landmark legislation aimed at keeping artificial intelligence (AI) in check, six sources told Reuters.

Tesla falls on long wait for Cybertruck payoff, hefty price tag

Tesla shares fell about 2% on Friday after the highly anticipated launch of its Cybertruck left analysts concerned about the electric vehicle's steep price tag and a longer wait for significant financial payoff.

Crypto stocks set to start December on high note as bitcoin hits near 19-month high

Shares of crypto miners and bitcoin-tracking companies rose on Friday as the world's largest cryptocurrency extended a recent rally to touch a near 19-month high on improving risk appetite.

US to limit Chinese firms, battery parts from winning EV tax credits

The Biden administration on Friday issued-long awaited guidance that will limit Chinese content in batteries eligible for electric vehicle tax credits starting next year.

Netflix, Viacom18 among streaming firms set to oppose India broadcasting bill-sources

Netflix , billionaire Mukesh Ambani's Viacom18 and other streaming companies plan to collectively lobby the Indian government to delay or revamp a broadcast bill they fear will be onerous for the sector, sources familiar with the matter said.

Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm

U.S.-listed shares of Alibaba Group Holding declined on Friday following a Morgan Stanley downgrade on concerns over slower turnaround in its key businesses, hours after PDD raced past its rival to become the most valuable Chinese e-commerce firm.

Apple, Paramount discuss bundling their streaming services - WSJ

Apple and Paramount Global have discussed bundling their streaming services at a discount, the Wall Street Journal reported on Friday.

Fisker scales back production to divert cash for working capital

Electric-vehicle maker Fisker said on Friday it will scale down production this month and produce lesser cars this year than its previous guidance, to prioritize cash for working capital needs.

Meta must clarify measures against child sexual abuse by Dec. 22, EU says

Meta Platforms was told by EU tech regulators on Friday to provide more details on measures taken to tackle child sexual abuse material on its photo and video sharing app Instagram by Dec. 22 or risk a formal investigation under new EU online content rules.

Tech giants lead surge in global mega-caps as inflation eases

Market capitalisations of global mega-cap companies, led by prominent technology firms, surged in November, buoyed by a decline in U.S. yields and growing anticipation of potential rate cuts by global central banks amid diminishing worries about inflation.

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