WASHINGTON (Reuters) -The chair of the U.S. Senate Commerce Committee will introduce broad aviation safety legislation on Tuesday on the eve of a three-day investigative hearing into the January 29 collision between an Army helicopter and an American Airlines regional jet that killed 67 people.
Senator Ted Cruz, who disclosed some details of his proposal earlier this month, will be joined by National Transportation Safety Board Chair Jennifer Homendy and... (continue reading...)
By Karen Freifeld
(Reuters) -Cadence Design is expected to pay over $100 million to the U.S. government as part of a deal to resolve an investigation into sales of its chip design products to a Chinese military university believed to be involved in simulating nuclear explosions, according to two people familiar with the matter.
Cadence is accused of illegally selling chip design technology to front companies representing China's National... (continue reading...)
By Anna Tong
SAN FRANCISCO (Reuters) -Scale AI competitor Micro1 is finalizing a Series A round valuing the startup at $500 million, according to two sources familiar with the matter.
Micro1 provides data labeling services to artificial intelligence labs, a sector that has grown tremendously in recent years as high-quality, human-generated datasets have become more important in training advanced AI systems. Micro1 has capitalized on this... (continue reading...)
By Curtis Williams
(Reuters) -U.S. liquefied natural gas company Venture Global said on Monday it has decided to go ahead with the construction of its CP2 export facility in Louisiana after it closed $15.1 billion in financing for the first phase of the project.
Venture Global's stock rose 5% as investors cheered the decision, which promises to boost the company's export capacity by more than 70% within two years. It is the third positive... (continue reading...)
CAIRO/ATHENS (Reuters) -Yemen's Iran-aligned Houthis said on Monday they had rescued 10 seafarers from the Greek-operated cargo ship Eternity C which they attacked and sank in the Red Sea earlier this month.
The Liberia-flagged Eternity C was the second ship to sink off Yemen this month after repeated attacks by Houthi militants with sea drones and rocket-propelled grenades. Another Greek-operated vessel, the Magic Seas, had gone down days earlier.
... (continue reading...)More Reuters
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