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Samsung plans $22 billion for artificial intelligence, autos

Samsung plans $22 billion for artificial intelligence, autos

Technology
Samsung Electronics plans to spend a whopping $ 22 billion over the next three years on artificial intelligence, auto components and other future businesses as the company maps out its strategy under the restored leadership of Vice Chairman Lee Jae-yong after he was freed from prison. The announcement Wednesday by South Korea's biggest business group was welcome news, coming at a time of deepening unease over slowing growth in Asia's fourth largest economy. It also highlights that South Korea's decades-old reliance on big businesses for jobs and investments is unlikely to end anytime soon since the country lacks a strong pool of small and medium-sized companies found in Japan or Germany. Samsung said it will spend the sum, amounting to 25 trillion won, on increasing the number of artific...
More states sue to stop online plans for 3D-printed guns

More states sue to stop online plans for 3D-printed guns

Technology
More states are suing the Trump administration to dissolve a settlement it reached with a company that wants to post instructions online for making 3D-printed firearms that are hard to trace and detect. Mostly Democratic attorneys general from 19 states, plus the District of Columbia, filed an amended complaint Friday asking a judge make it illegal to share plans on creating printable plastic weapons. One Republican — Colorado's attorney general — joined the lawsuit. It comes days after U.S. District Judge Robert Lasnik blocked the plans from being released until Aug. 28. He has scheduled an Aug. 21 hearing on the states' request to reverse the U.S. State Department's agreement with Austin, Texas-based Defense Distributed. The settlement jeopardizes states' ability to enforce...
Cooper Union college plans to bring back free tuition

Cooper Union college plans to bring back free tuition

Finance
When it comes to college, rising costs are more reliable than a degree. However, some schools are bucking the trend, slashing tuition in hopes of attracting more students and families struggling with the weight of a college tab . Most recently, Cooper Union for the Advancement of Science, in the heart of New York City, announced a return to full-tuition scholarships for all undergraduate students. Cooper Union, founded in 1859, had long been tuition-free but dialed back its commitment that education be "as free as air and water" and began offering st...
RBS plans first dividend since 2008 bailout

RBS plans first dividend since 2008 bailout

Business
The Royal Bank of Scotland plans to pay a dividend of 2p to shareholders - its first since the 2008 bailout. But the final decision is subject to RBS' legal settlement with the US Department of Justice over its probe into the banking group's packaging and sale of mortgage-backed securities before the 2008 financial crisis.The banking group said: "We intend to declare an interim dividend of 2p per ordinary share."Declaration of the interim dividend is subject to the timing of finalisation of the previously announced civil settlement in principle with the DoJ (Dept of Justice) in relation to the DoJ's investigation into RBS's issuance and underwriting of US RMBS (residential mortgage-backed securities)."We expect to finalise the settlement with the DoJ and will make a fu...
Judge stops 3D printed gun plans publication

Judge stops 3D printed gun plans publication

Technology
A judge has blocked the publication of blueprints for parts of a gun that can be made by a 3D printer and, it is claimed, would be undetectable. The Trump administration had previously given the go-ahead for the online publication of the plans, which show how to make a firearm from printable parts.The gun's components can be made with a printer that uses plastic instead of ink. Layers of plastic are built up until they make three-dimensional plastic pieces.The company behind the plans, Defense Distributed, reached an agreement with the federal government in June allowing it to make the plans for the guns available for download, starting this week. Image: A 3D printed gun that has been fired is displayed at the Science Museum It would h...