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

Latest From Reuters

Business|Technology

Infosys CEO settles Indian regulator's charge of lacking controls to prevent insider trading

Infosys CEO Salil Parekh settled charges for failing to place adequate internal controls to prevent insider trading at India's No.2 IT

Infosys CEO settles Indian regulator's charge of lacking controls to prevent insider trading
Business|Technology

SoftBank to invest in search startup Perplexity AI at $3 billion valuation, Bloomberg reports

Japanese technology investor SoftBank Group Corp's Vision Fund 2 is investing between $10 million and $20 million in U.S. search startup Perplexity AI at a valuation of $3 billion,

SoftBank to invest in search startup Perplexity AI at $3 billion valuation, Bloomberg reports
Business|Technology

Mitsubishi Heavy exec: timing not right for decision on passenger jet market

A Mitsubishi Heavy Industries executive said Thursday that despite the government's commitment to made-in-Japan aircraft, now is not the time to decide whether to re-enter the

Mitsubishi Heavy exec: timing not right for decision on passenger jet market
Business|Technology

Arkansas-based Evolve Bank confirms cyber attack and data breach

Evolve Bank and Trust confirmed on Wednesday it was the victim of a cybersecurity incident that involved customers' data being illegally released on the dark web.

Arkansas-based Evolve Bank confirms cyber attack and data breach
Business|Technology

BlackBerry beats estimate for Q1 revenue on strong demand for cybersecurity services

Canada's BlackBerry beat first-quarter revenue estimates on Wednesday, driven by a resilient demand for cybersecurity services in the wake of growing online threats.

BlackBerry beats estimate for Q1 revenue on strong demand for cybersecurity services
Business|Economy|Technology

Volvo to delay EX30's US shipments due to higher tariffs on Chinese imports

Volvo Cars will postpone the U.S. deliveries of its EX30 electric vehicle as it focuses on expanding production of the compact SUV outside China in the wake of tariff hikes on exports from

Volvo to delay EX30's US shipments due to higher tariffs on Chinese imports
Business|Technology

Amazon to launch discount section with direct shipping from China, the Information reports

Amazon.com plans to launch a section on its shopping site featuring cheap items that ship directly to overseas consumers from warehouses in China, the Information reported on Wednesday,

Amazon to launch discount section with direct shipping from China, the Information reports
Business|Technology

Amazon hits $2 trillion in valuation on AI fervor, rate cut bets

Amazon.com Inc hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company to surpass that level as optimism around artificial intelligence and

Amazon hits $2 trillion in valuation on AI fervor, rate cut bets
Business|Economy|Technology|World

Peru trying to lure BYD auto plant with industrial park incentive

Peru's president met with Chinese electric vehicle maker BYD on Wednesday, inviting executives to set up shop on the Andean nation's Pacific coast where another Chinese firm is

Peru trying to lure BYD auto plant with industrial park incentive
Business|Economy|Technology

Biden awards up to $75 million in CHIPS Act grant to Entegris

American Chip manufacturing supplier Entegris said on Wednesday that it has inked a preliminary deal with the Biden administration for funding of up to $75 million to aid the development

Biden awards up to $75 million in CHIPS Act grant to Entegris
Business|Technology

What's behind Volkswagen's $5 billion EV software bet on Rivian?

Volkswagen, Europe's biggest carmaker, plans to spend as much as $5 billion on an electric vehicle (EV) software partnership with U.S.-based Rivian.

What's behind Volkswagen's $5 billion EV software bet on Rivian?
Business|Health|Technology

Medtronic CFO Karen Parkhill jumps ship to HP

Medical device maker Medtronic's finance chief Karen Parkhill will depart the medical device maker to join HP Inc as CFO, the companies said on Wednesday, amid the PC industry's recovery

Medtronic CFO Karen Parkhill jumps ship to HP
Business|Economy|Technology

US auto sales expected to slip in June on CDK cyber outage, report shows

New vehicle sales in the United States are projected to fall in June from a year ago, hurt by the CDK cyber attack-led outage that has impacted dealers across the country, according to a

US auto sales expected to slip in June on CDK cyber outage, report shows
Business|Technology

Croatian startup readies self-driving taxi Verne for Zagreb launch

Autonomous vehicle startup Project 3 Mobility (P3), set up by the founder of Croatian electric vehicle maker Rimac Group, presented on Wednesday its self-driving robotaxi named

Croatian startup readies self-driving taxi Verne for Zagreb launch
Business|Technology

Volkswagen recalling 307,000 vehicles over air bag sensor wiring

Volkswagen said on Wednesday it was recalling over 307,000 vehicles in North America due to a potential wiring fault that may deactivate front passenger air

Volkswagen recalling 307,000 vehicles over air bag sensor wiring
Business|Entertainment|Technology

Tencent's 'Dungeon & Fighter' game dominates China's mobile download charts

Tencent Holdings Ltd's newly launched "Dungeon & Fighter" (DnF Mobile) has got off to a strong start, dominating top-grossing charts on Apple's iOS platform in China for nearly a

Tencent's 'Dungeon & Fighter' game dominates China's mobile download charts
Business|Technology

Clario files confidentially for US IPO, Bloomberg reports

Clario, a software provider for drugmakers, has confidentially filed for an initial public offering in the United States and is targeting a valuation of more than $10 billion, Bloomberg

Clario files confidentially for US IPO, Bloomberg reports
Business|Technology

Reddit to update web standard to block automated website scraping

Social media platform Reddit said on Tuesday it will update a web standard used by the platform to block automated data scraping from its website, following reports that AI startups were

Reddit to update web standard to block automated website scraping
Technology

Google to showcase AI, new Pixel phones at surprise Aug 13 event, the Verge reports

Google will showcase artificial intelligence features, and updates to its Pixel devices and the Android platform at a special event on Aug. 13, according to invites shared online by the

Google to showcase AI, new Pixel phones at surprise Aug 13 event, the Verge reports
Technology

OpenAI delays rolling out its 'Voice Mode' to July

ChatGPT maker OpenAI said on Tuesday that it was delaying the release of its "Voice Mode" feature by a month to July because of technical issues.

OpenAI delays rolling out its 'Voice Mode' to July
Business|Technology

Waymo's autonomous ride-hailing service now available to all in San Francisco

Alphabet's Waymo said on Tuesday its autonomous ride-hailing service, Waymo One, is now available to everyone in San Francisco, nearly four years after a similar move in Phoenix, Arizona.

Waymo's autonomous ride-hailing service now available to all in San Francisco
Business|Economy|Technology

Nvidia short sellers make $5 billion from three-day selloff, data shows

Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer's sharp selloff over the past three sessions, according to data analytics firm Ortex

Nvidia short sellers make $5 billion from three-day selloff, data shows
Business|Technology

Chinese AI firms woo OpenAI users as US company plans API restrictions

Chinese artificial intelligence (AI) companies are moving swiftly to attract users of OpenAI's technology, following reports the U.S. firm plans to restrict access in China and

Chinese AI firms woo OpenAI users as US company plans API restrictions
Business|Environment|Technology

Exxon, South Korea's SK On sign non-binding deal for lithium supply

U.S. energy major Exxon Mobil said on Tuesday it had signed a non-binding agreement to supply lithium from its proposed Arkansas project to South Korean EV battery maker SK On.

Exxon, South Korea's SK On sign non-binding deal for lithium supply
Business|Technology

Airbus eyes operations at four Spirit Aero plants, sources say

Airbus is poised to take over all or part of the operations of four Spirit AeroSystems plants as part of an impending deal that involves a carve-up of the U.S.-based aerostructures

Airbus eyes operations at four Spirit Aero plants, sources say

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