Today: October 06, 2024
Today: October 06, 2024

Latest From Reuters

Business|Economy|Finance|Technology

Chipmaker Texas Instruments to receive up to $1.6 billion in funding from US

Texas Instruments said on Friday it would receive up to $1.6 billion in funding from the U.S.

Chipmaker Texas Instruments to receive up to $1.6 billion in funding from US
Crime|Entertainment|Technology

Turkey blocks Roblox access over abuse concerns, justice minister says

Turkey has blocked access to the popular video game platform Roblox over concerns about content that could lead to child abuse, the country's justice minister said.

Turkey blocks Roblox access over abuse concerns, justice minister says
Business|Technology

Palantir to deploy AI products on Microsoft Azure for U.S. government agencies

Palantir Technologies said on Thursday it will offer its products, including the Artificial Intelligence Platform (AIP) on Microsoft's cloud platforms, which cater to the U.S. government

Palantir to deploy AI products on Microsoft Azure for U.S. government agencies
Business|Technology

Viasat raises fiscal 2025 revenue forecast on boost from aviation, defense markets

Viasat raised its fiscal year 2025 revenue forecast on Wednesday, indicating a surge in demand for the satellite communications company's connectivity solutions from the aviation and

Viasat raises fiscal 2025 revenue forecast on boost from aviation, defense markets
Business|Technology

NTSB to conduct safety culture survey of Boeing 737 MAX factory workers

The National Transportation Safety Board plans to conduct a safety culture survey of employees at Boeing's 737 MAX factory in Renton, Washington, the board's chair said on Wednesday.

NTSB to conduct safety culture survey of Boeing 737 MAX factory workers
Business|Finance|Technology

Shopify soars as AI focus powers quarterly beat, bullish forecast

Shopify beat analysts' estimates for second-quarter results and forecast upbeat sales growth on Wednesday as its AI-enabled tools attracted more merchants to its e-commerce services,

Shopify soars as AI focus powers quarterly beat, bullish forecast
Business|Economy|Technology

US auto regulator opens probe into more than 77,000 Nissan SUVs

U.S. auto safety regulator has opened a preliminary evaluation into 77,131 Nissan vehicles over reports of an issue with the steering tie rod, it said on Wednesday.

US auto regulator opens probe into more than 77,000 Nissan SUVs
Business|Finance|Stock Markets|Technology|Travel

Airbnb shares slumps as weak forecast signals slowing travel demand

Shares of Airbnb slumped nearly 14% on Wednesday after the online travel company forecast third-quarter revenue below estimates, citing slowing demand in the United States and shorter

Airbnb shares slumps as weak forecast signals slowing travel demand
Business|Finance|Technology

KKR to help Fuji Soft go private under $4 billion management buyout, Nikkei reports

U.S. private equity firm KKR & Co plans to help Japanese system developer Fuji Soft go private under a management buyout worth about 600 billion yen ($4.09 billion), the Nikkei

KKR to help Fuji Soft go private under $4 billion management buyout, Nikkei reports
Business|Finance|Stock Markets|Technology

High-flying Super Micro slides as margin squeeze clouds upbeat sales forecast

Shares of AI high-flier Super Micro Computer tumbled to a six month low on Wednesday as a faster-than-expected contraction in the server maker's gross margin overshadowed a

High-flying Super Micro slides as margin squeeze clouds upbeat sales forecast
Asia|Business|Technology

Hyundai to invest $28 million in Thailand for EV assembly, batteries

South Korean auto maker Hyundai Motor Company will invest 1 billion baht ($28 million) to set up a facility to assemble electric vehicles and batteries in Thailand, the country's

Hyundai to invest $28 million in Thailand for EV assembly, batteries
Business|Finance|Technology

Illumina expects full-year sales from core segment to decline on biotech funding crunch

Gene sequencing machine maker Illumina on Tuesday forecast 2024 sales from its core segment to decline, a sign that subdued demand for its instruments used in genetic tests could extend

Illumina expects full-year sales from core segment to decline on biotech funding crunch
Business|Finance|Technology

Computer parts maker Logitech appoints Matteo Anversa as CFO

Computer accessories maker Logitech International said on Tuesday it has appointed Matteo Anversa as its chief financial officer, effective Sept. 1.

Computer parts maker Logitech appoints Matteo Anversa as CFO
Business|Finance|Technology

Reddit forecasts quarterly revenue above estimates on strong ad spend

Reddit forecast third-quarter revenue above Wall Street estimates on Tuesday, a sign that a recovering digital ad market would draw more advertisers to the social media

Reddit forecasts quarterly revenue above estimates on strong ad spend
Business|Technology

Waymo to expand autonomous ride-hailing service areas in Los Angeles, San Francisco

Alphabet's Waymo is expanding its autonomous ride-hailing service areas in San Francisco and Los Angeles to cater to growing demand from customers, the company said on Tuesday.

Waymo to expand autonomous ride-hailing service areas in Los Angeles, San Francisco
Business|Finance|Technology

Fox reports rise in quarterly revenue, beats profit estimates

Fox Corp topped Wall Street expectations for quarterly profit and reported a rise in revenue on Tuesday, helped by steady demand for its Tubi streaming service in the United States,

Fox reports rise in quarterly revenue, beats profit estimates
Business|Technology

US transport safety board releases documents on Boeing 737 MAX 9 mid-air emergency

The U.S. National Transportation Safety Board released documents on Tuesday morning ahead of hearings into a January mid-air panel blowout of a near new Boeing 737 MAX 9 jet.

US transport safety board releases documents on Boeing 737 MAX 9 mid-air emergency
Business|Finance|Technology

Tesla to fix 1.7 million vehicles in China, says market regulator

Tesla is performing a remote recall of 1.7 million vehicles in China with an over-the-air software update, the state market regulator said on Tuesday.

Tesla to fix 1.7 million vehicles in China, says market regulator
Business|Finance|Technology

Starboard urges Autodesk board to explore CEO change, cost cuts

Activist investor Starboard Value urged Autodesk's board to explore a CEO change and cost cuts on Tuesday, saying the design software maker has missed financial targets and underperformed

Starboard urges Autodesk board to explore CEO change, cost cuts
Business|Finance|Technology

GlobalFoundries sees Q3 adjusted profit below estimates as inventory woes persist

GlobalFoundries marginally beat Wall Street expectations for second quarter revenue on Tuesday but forecast third-quarter adjusted profit below expectations, indicating a slower-than-

GlobalFoundries sees Q3 adjusted profit below estimates as inventory woes persist
Business|Technology

Joby Aviation applies for aircraft certification in Australia

Electric air taxi maker Joby Aviation said on Tuesday the it has formally applied for its aircraft to be certified for use in Australia.

Joby Aviation applies for aircraft certification in Australia
Asia|Business|Technology

ByteDance joins OpenAI's Sora rivals with AI video app launch

ByteDance has expanded its offering of a software that can generate videos based on text prompts, joining a growing number of Chinese tech firms entering an emerging market also

ByteDance joins OpenAI's Sora rivals with AI video app launch
Business|Economy|Environment|Technology

US to invest $2.2 billion to overhaul national power grid

The Biden administration said on Tuesday it is investing $2.2 billion to revamp the nation's power grid to protect it against growing threats of extreme weather events.

US to invest $2.2 billion to overhaul national power grid
Business|Technology

OpenAI co-founder John Schulman leaves ChatGPT maker for rival Anthropic

John Schulman, one of the co-founders of artificial intelligence company OpenAI, has left the ChatGPT maker for rival Anthropic, he said in a post on social media platform X late Monday.

OpenAI co-founder John Schulman leaves ChatGPT maker for rival Anthropic
Business|Finance|Technology

SunPower files for bankruptcy protection, agrees to sell some assets for $45 million

Solar firm SunPower said it had filed for Chapter 11 bankruptcy protection in the United States and agreed to sell some of its business to Complete Solaria for $45 million in cash.

SunPower files for bankruptcy protection, agrees to sell some assets for $45 million

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