cthomas

About Courtney Thomas

This author has not yet filled in any details.
So far Courtney Thomas has created 54 blog entries.

Businesses, tech groups warn EU against over-regulating AI foundation models

2023-11-24T21:38:51+00:00

  Businesses, tech groups warn EU against over-regulating AI foundation models BRUSSELS, Nov 23 (Reuters) - Businesses and tech groups on Thursday warned the European Union against over-regulating artificial intelligence systems known as foundation models in upcoming AI rules as this could kill nascent start-ups or drive them out of the region. The plea came as EU countries and EU lawmakers head into the final stretch of negotiations on rules that could set the benchmark for other countries. One of the biggest bones of contention is foundation models, such as OpenAI's ChatGPT, which are AI systems that are trained on large sets of data, with the ability to learn from new data to perform a variety of tasks. "For Europe to become a global digital powerhouse, we need companies that can lead on AI innovation also using foundation models and GPAI," DigitalEurope, whose members include Airbus (AIR.PA), Apple (AAPL.O), Ericsson (ERICb.ST), Google (GOOGL.O), LSE [...]

Businesses, tech groups warn EU against over-regulating AI foundation models2023-11-24T21:38:51+00:00

IRS cybersecurity chief says agency has made ‘tremendous progress’ on logging

2023-11-24T21:36:58+00:00

  IRS cybersecurity chief says agency has made ‘tremendous progress’ on logging The Internal Revenue Service is gathering more network logs, automating many of its cybersecurity playbooks, and planning to conduct a tabletop exercise on artificial intelligence threats in the coming year, according to a top cyber official. Rick Therrien, director of cybersecurity operations at IRS, said the agency has made “tremendous progress in the last year on the gathering of audit logs.” The White House Office of Management and Budget has directed agencies to capture more logging data to gain greater visibility into activities and potential threats on their networks. “The IRS has made tremendous strides in that space,” Therrien said during a Nov. 16 webinar hosted by ACT-IAC. “We have tremendous diversity of technology platforms, the legacy systems and modern cloud systems. We’ve managed to do extensive data acquisition across the enterprise.” The IRS is combining its log data with new security [...]

IRS cybersecurity chief says agency has made ‘tremendous progress’ on logging2023-11-24T21:36:58+00:00

96 Percent of Upstream Firms Developing New O&G Fields: Report

2023-11-24T21:31:37+00:00

  96 Percent of Upstream Firms Developing New O&G Fields: Report Germany-based environmental non-profit Urgewald has found that 96 percent of a select 700 upstream companies are developing new oil and gas fields, while 1,023 firms are planning new liquefied natural gas (LNG) terminals, pipelines, or gas-fired power plants. Urgewald has recently published the second update of the Global Oil & Gas Exit List (GOGEL), a public database that provides a detailed breakdown of the activities of oil and gas companies worldwide. It covers 1,623 companies active in the upstream, midstream, or gas-fired power sector. Companies listed on GOGEL account for 95 percent of global oil and gas production, the organization said in a news release. According to the update, the industry’s annual capital expenditure on oil and gas exploration has risen by more than 30 percent since 2021. Over the past three years, the oil and gas companies in the database spent a [...]

96 Percent of Upstream Firms Developing New O&G Fields: Report2023-11-24T21:31:37+00:00

Global equities head toward big monthly gain, dollar falls

2023-11-24T21:27:39+00:00

  Global equities head toward big monthly gain, dollar falls NEW YORK/LONDON, Nov 24 (Reuters) - Major Wall Street indexes notched weekly gains on Friday, as global equities drifted toward their biggest one-month rally since November 2020 during a shortened, muted trading session following the U.S. Thanksgiving holiday. Oil futures traded steady ahead of next week's OPEC+ meeting, which could bring some kind of agreement on output cuts in 2024. Gold futures finished higher as the dollar index slipped against a basket of currencies on Friday. Data showed U.S. business activity held steady in November, but employment in the private sector declined. MSCI's index of global shares (.MIWD00000PUS) added 0.12% and headed for a monthly gain of 8.7% after investors grew increasingly confident that U.S. interest rates have peaked, with the market narrative shifting to the timing of cuts. . The Dow Jones Industrial Average (.DJI) rose 117.12 points, or 0.33%, to 35,390.15, the [...]

Global equities head toward big monthly gain, dollar falls2023-11-24T21:27:39+00:00

US appeals court proposes lawyers certify review of AI use in filings

2023-11-24T21:23:14+00:00

  US appeals court proposes lawyers certify review of AI use in filings Nov 22 (Reuters) - A federal appeals court in New Orleans is proposing requiring lawyers to certify that they either did not rely on artificial intelligence programs to draft briefs or that humans reviewed the accuracy of any text generated by AI in their court filings. The 5th U.S. Circuit Court of Appeals in a notice late Tuesday unveiled what appears to be the first proposed rule by any of the nation's 13 federal appeals courts aimed at regulating the use of generative AI tools like OpenAI's ChatGPT by lawyers appearing before it. The proposed rule would govern lawyers and litigants appearing before the court without counsel and would require them to certify that, to the extent an AI program was used to generate a filing, citations and legal analysis were reviewed for accuracy. Lawyers who misrepresent their compliance with the [...]

US appeals court proposes lawyers certify review of AI use in filings2023-11-24T21:23:14+00:00

Indonesia Strengthens Business Relations with Latin America and The Caribbean at the 5th INA-LAC Business Forum

2023-09-21T22:05:54+00:00

  Indonesia Strengthens Business Relations with Latin America and The Caribbean at the 5th INA-LAC Business Forum Jakarta, Indonesia - Indonesia continues to expand its business reach to the rapidly-growing Latin American market. The Indonesian Ministry of Foreign Affairs will again hold the Indonesia-Latin America and the Caribbean (INA-LAC) Business Forum on 16-17 October 2023 at the Ritz Carlton Hotel Mega Kuningan, Jakarta. This activity is expected to open wider doors for businesses in the country to explore business opportunities in Latin America and the Caribbean region. In its pursuit to deepen business ties with Latin American and Caribbean countries, the Indonesian Ministry of Foreign Affairs has adopted the theme "Forging an Effective Partnership" for the INA-LAC Business Forum 2023. This theme reflects Indonesia's determination to foster strong and effective partnerships with these countries. "The INA-LAC Business Forum is a response to President Jokowi's order that we continue to make [...]

Indonesia Strengthens Business Relations with Latin America and The Caribbean at the 5th INA-LAC Business Forum2023-09-21T22:05:54+00:00

Biden administration moving to escalate energy trade dispute with Mexico

2023-09-07T16:35:11+00:00

  Biden administration moving to escalate energy trade dispute with Mexico Sept 6 (Reuters) - President Joe Biden's administration has asked U.S. energy companies to prepare affidavits documenting how Mexico’s protectionist policies disrupted their investments as Washington prepares to escalate a trade dispute with its neighbor, according to three people familiar with the discussions. The request for affidavits from major U.S. oil and renewable energy companies represents the latest and clearest signal that the Office of the United States Trade Representative (USTR) plans to seek an independent dispute settlement panel under the United States Mexico Canada Agreement trade pact, or USMCA. Mexico President Andres Manuel Lopez Obrador's steps to roll back reforms aimed at opening Mexico's power and oil markets to foreign competitors ultimately sparked the trade dispute. U.S. energy and power companies, such as Chevron(CVX.N) and Marathon Petroleum (MPC.N), which sought to expand in Mexico, have complained that they have been denied simple [...]

Biden administration moving to escalate energy trade dispute with Mexico2023-09-07T16:35:11+00:00

Oil prices settle up as mild US inflation data calms fear of Fed rate hike

2023-07-17T15:16:43+00:00

  Oil prices settle up as mild US inflation data calms fear of Fed rate hike July 12 (Reuters) - Oil prices settled higher on Wednesday, with benchmark Brent futures breaching $80 a barrel for the first time since May, after U.S. inflation data spurred hopes the Federal Reserve may have fewer interest rate hikes in store for the world's biggest economy. U.S. data showed consumer prices rose modestly in June and registered their smallest annual increase in more than two years. Markets expect one more interest rate rise, but oil traders hope that may be it. Higher rates can slow economic growth and reduce oil demand. "This is the lowest number since the pandemic ... but it is important to keep in mind that this is still a transitory situation. But overall, traders are cheering this event," said Naeem Aslam, chief investment officer at Zaye Capital Markets, describing the inflation figures. Brent futures [...]

Oil prices settle up as mild US inflation data calms fear of Fed rate hike2023-07-17T15:16:43+00:00

Car manufacturing up nearly 14% in Mexico in first half of year

2023-07-17T15:25:39+00:00

Mexico’s light vehicle production was up 13.9% in the first half of this year compared to the same period of 2022, as the country’s automotive industry continues to recover from the pandemic. According to a report by the nation’s statistics agency INEGI, 1.9 million light vehicles were produced in Mexico between January and June. Of these, 76.5% were light trucks. The rest were cars. The strongest growth was registered by Audi, Honda and BMW Group, with production increases of 152.4%, 124.7% and 109.8%, respectively. The only companies that saw a decline in production were Mercedes-Benz, General Motors, KIA and Stellantis. During June, 331,707 light vehicles were produced in Mexico, a 16.3% annual increase. Exports were up 20.46%, to 286,291 vehicles, while internal sales were up 25.66%, to 113,553 vehicles. The figures are the latest sign that Mexico’s automotive industry is recovering well from the global supply chain issues caused by the COVID-19 pandemic. In May, [...]

Car manufacturing up nearly 14% in Mexico in first half of year2023-07-17T15:25:39+00:00

Analyst Sees No Realistic Prospect of Iran Nuclear Deal Being Restored

2023-07-17T15:03:40+00:00

Analyst Sees No Realistic Prospect of Iran Nuclear Deal Being Restored     The Head of Geopolitics at Energy Aspects, Richard Bronze, has told Rigzone that he doesn’t see any realistic prospect of the 2015 Iran nuclear deal (the Joint Comprehensive Plan of Action) being restored after the failed negotiations over 2021-22. “In recent months, there have been indirect talks between the U.S. and Iran to explore a much more limited agreement that would place a cap on aspects of Iran’s nuclear program, particularly enrichment of uranium to above 20 percent purity, in exchange for a modest easing of U.S. sanctions,” Bronze said. “There is no firm timeline for these diplomatic efforts, but if there is a willingness on both sides to compromise it might be possible to conclude a deal in the next few months,” he added. “One topic that is reportedly being negotiated is an exchange of foreign-national prisoners, so any announcements [...]

Analyst Sees No Realistic Prospect of Iran Nuclear Deal Being Restored2023-07-17T15:03:40+00:00
Go to Top