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

Latest From Reuters

Business|Technology

Nvidia's AI chip demand to face limited impact from potential production delay, analysts say

Worries over a delay in the launch of Nvidia's upcoming artificial-intelligence chips may be exaggerated, analysts said, as they do not expect the setback to have a big impact on the chip

Nvidia's AI chip demand to face limited impact from potential production delay, analysts say
Business|Finance|Technology

Palantir raises annual forecasts on GenAI strength; shares surge

Palantir Technologies raised its annual revenue and profit forecast for the second time this year on Monday, the latest sign that the generative AI boom is driving demand

Palantir raises annual forecasts on GenAI strength; shares surge
Business|Technology

US auto safety agency says it is seeking information on fatal Tesla Cybertruck crash

The National Highway Traffic Safety Administration said on Monday it was seeking more information about an accident involving Tesla's Cybertruck from the electric vehicle maker.

US auto safety agency says it is seeking information on fatal Tesla Cybertruck crash
Business|Economy|Technology

Poland closer to buying Apache helicopters after offset deals with GE and Boeing

Poland's defence ministry signed offset deals with Boeing and General Electric worth nearly 1 billion zlotys ($255 million) on Monday, bringing it closer to finalising a $12 billion

Poland closer to buying Apache helicopters after offset deals with GE and Boeing
Business|Economy|Finance|Technology

Magnificent Seven set to shed $800 billion in value

Apple and other heavyweight companies sold off on Monday as U.S. recession fears and Berkshire Hathaway's sale of half of its stake in the iPhone maker further deflated a

Magnificent Seven set to shed $800 billion in value
Business|Finance|Technology

Logitech founder urges company to replace board chair immediately

Logitech International co-founder Daniel Borel on Monday urged shareholders at the Swiss-American company to find a new board chairperson this year to replace Wendy Becker, who

Logitech founder urges company to replace board chair immediately
Business|Finance|Technology

AI chip startup Groq valued at $2.8 billion after latest funding round

Semiconductor startup Groq said on Monday it has raised $640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners,

AI chip startup Groq valued at $2.8 billion after latest funding round
Business|Economy|Europe|Technology

EU should limit curbs on outbound investment, semiconductor group says

Semiconductor industry group SEMI Europe called on the European Union on Monday to place as few restrictions as possible on outbound investment in foreign computer chip

EU should limit curbs on outbound investment, semiconductor group says
Business|Sports|Technology

David Beckham-backed Guild Esports set for takeover by US-based DCB Sports

Shares in David Beckham-backed Guild Esports surged more than 54% in early trading on Monday, after the gaming firm said it is planning to agree to a takeover offer from California-based

David Beckham-backed Guild Esports set for takeover by US-based DCB Sports
Economy|Finance|Technology

Crypto sell-off deepens as weak economic data dampens risk-taking

U.S.-listed shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a recession and set off a frenzied

Crypto sell-off deepens as weak economic data dampens risk-taking
Technology

Delay to Nvidia's new AI chip could affect Microsoft, Google, Meta, the Information says

Design flaws could cause a delay of three months or more in the launch of chip giant Nvidia's upcoming artificial-intelligence chips, tech-focused publication the Information said on

Delay to Nvidia's new AI chip could affect Microsoft, Google, Meta, the Information says
Business|Technology

Google hires top talent from startup Character.AI, signs licensing deal

Startup Character.AI said on Friday it has signed an agreement with Alphabet's Google that grants the search engine giant a non-exclusive license to the chatbot maker's large

Google hires top talent from startup Character.AI, signs licensing deal
Business|Finance|Stock Markets|Technology

Snap shares plummet as weak outlook intensifies ad competition fears

Shares of Snap slumped 22% on Friday, after a dour forecast from the Snapchat parent reinforced Wall Street's worries that the company would continue to cede business

Snap shares plummet as weak outlook intensifies ad competition fears
Business|Economy|Finance|Stock Markets|Technology

Rethinking recession risks and AI, markets take fright

A look at the day ahead in U.S. and global markets from Mike Dolan August looks anxious already - as stock markets take fright at Big Tech earnings and start to reconsider 'hard landing' scenarios for

Rethinking recession risks and AI, markets take fright
Business|Finance|Technology

Intel shares slump 26% as turnaround struggle deepens

Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a

Intel shares slump 26% as turnaround struggle deepens
Business|Technology

Tesla's China-made EV sales rise 15.3% y/y in July

U.S. automaker Tesla's sales of China-made electric vehicles rose 15.3% from a year earlier to 74,117 units in July, data from the China Passenger Car Association (CPCA) showed on

Tesla's China-made EV sales rise 15.3% y/y in July
Asia|Business|Technology

Tesla registers insurance brokerage in China, national corporate database shows

Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database, in a sign that the U.S. automaker may be trying again to

Tesla registers insurance brokerage in China, national corporate database shows
Business|Europe|Technology

Volvo Cars' July sales rise 6% driven by European EVs

Volvo Cars' sales rose 6% year-on-year in July to 57,447 cars, driven by an increase in fully electric vehicles in Europe, the Sweden-based automaker said on Friday.

Volvo Cars' July sales rise 6% driven by European EVs
Business|Finance|Stock Markets|Technology

Amazon shares drop on slowing online sales growth

Shares of Amazon.com fell more than 12% on Friday after the company reported slowing online sales growth in the second quarter and said consumers were seeking out cheaper

Amazon shares drop on slowing online sales growth
Business|Finance|Technology

Nvidia shares fall 2% in Frankfurt after media report of US probe

Nvidia shares fell 2.3% in Frankfurt on Friday, following media reports of the U.S. government launching an antitrust probe into the company following complaints from rival

Nvidia shares fall 2% in Frankfurt after media report of US probe
Asia|Business|Technology

Audi's new China EV series won't have signature four-ring logo, sources say

Audi's new electric cars series developed in China for the Chinese market will not sport its four-ring logo, two people with direct knowledge of the plans said.

Audi's new China EV series won't have signature four-ring logo, sources say
Business|Finance|Technology

Motorola Solutions raises annual revenue and profit above estimates on strong demand for its security services

Motorola Solutions raised its full-year revenue and profit forecast and beat quarterly results on Thursday, as it sees robust demand for its safety and enterprise security services.

Motorola Solutions raises annual revenue and profit above estimates on strong demand for its security services
Business|Economy|Technology

Snap forecasts weak revenue as big rivals threaten growth, shares slide

Snap forecast current-quarter results below expectations on Thursday as the Snapchat owner grapples with stiff competition from larger rivals for advertising dollars in an

Snap forecasts weak revenue as big rivals threaten growth, shares slide
Business|Economy|Finance|Technology

Coinbase's second-quarter revenue surges on crypto trading revival

Coinbase reported a surge in second-quarter revenue on Thursday as trading volumes at the crypto exchange roared back to life thanks to market euphoria over easing regulatory roadblocks.

Coinbase's second-quarter revenue surges on crypto trading revival
Business|Entertainment|Technology

Roku's quarterly revenue beats estimates on ad strength

Roku beat Wall Street estimates for second-quarter revenue and posted smaller-than-expected loss on Thursday, benefiting from strong ad sales and

Roku's quarterly revenue beats estimates on ad strength

Follow