Today: October 04, 2024
Today: October 04, 2024

Latest From Reuters

Business|Finance|Technology

BNY to buy Archer to boost managed account services in asset, wealth managers

BNY has agreed to buy Archer, a technology and operations provider that will help the U.S. bank expand its services to asset and wealth managers, the companies said on Thursday.

BNY to buy Archer to boost managed account services in asset, wealth managers
Business|Economy|Technology

US planned layoffs surge in August, recruitment firm Challenger says

U.S. employers in August unveiled the greatest number of layoffs in five months, led by cuts in the technology sector, amid a cloudy outlook for growth and ongoing cost concerns, a monthly

US planned layoffs surge in August, recruitment firm Challenger says
Technology

Ilya Sutskever on how AI will change and his new startup Safe Superintelligence

Ilya Sutskever, OpenAI's former chief scientist, has launched a new company called Safe Superintelligence (SSI), aiming to develop safe artificial intelligence

Ilya Sutskever on how AI will change and his new startup Safe Superintelligence
Business|Finance|Technology

C3.ai slumps 15% on weak quarterly subscription revenue

Shares of C3.ai, which makes software for enterprise artificial intelligence, slumped nearly 15% on Thursday, as subscription revenue was squeezed by slow

C3.ai slumps 15% on weak quarterly subscription revenue
Business|Europe|Technology

BMW plans to bring its first hydrogen car onto the market from 2028

BMW aims to bring its first hydrogen-powered vehicle onto the market in 2028, using fuel cell technology developed with Toyota Motor Corp, the German carmaker said on Thursday.

BMW plans to bring its first hydrogen car onto the market from 2028
Business|Europe|Technology

Russian firms bought spare parts for 25-year-old ASML machines, says newspaper Trouw

Russian firms were able to obtain spare parts for 25-year-old ASML chipmaking machines in 2022 to 2023 on secondary markets despite European Union sanctions, Dutch newspaper

Russian firms bought spare parts for 25-year-old ASML machines, says newspaper Trouw
Business|Technology

Foreign investors buy India's IT, pharma stocks in August on US rate outlook

Foreign investors scooped up information technology and pharma stocks in August, which earn a significant share of their revenue from the U.S., on the prospect of a likely rate

Foreign investors buy India's IT, pharma stocks in August on US rate outlook
Business|Technology

TPG Telecom-Optus network sharing deal gets competition tribunal nod

TPG Telecom has received a green light from Australia's competition watchdog for a A$1.59 billion ($1.07 billion) infrastructure and network

TPG Telecom-Optus network sharing deal gets competition tribunal nod
Business|Economy|Environment|Technology

GM to launch its first ethanol-capable hybrid-flex vehicles in Brazil

General Motors said on Wednesday that it would begin producing its first-ever hybrid-flex vehicles that can run on 100% ethanol or gasoline alongside their batteries in Brazil.

GM to launch its first ethanol-capable hybrid-flex vehicles in Brazil
Business|Finance|Technology

Hewlett Packard Enterprise raises annual profit forecast on AI strength

Hewlett Packard Enterprise raised its annual profit forecast on Wednesday, as demand for artificial intelligence servers continues to pick up owing to higher investments in AI

Hewlett Packard Enterprise raises annual profit forecast on AI strength
Business|Technology

Logitech founder fails in attempt to oust chairperson

Logitech International founder Daniel Borel on Wednesday failed in his attempt to oust Chairperson Wendy Becker, having accused her of failing to provide leadership at the maker of

Logitech founder fails in attempt to oust chairperson
Business|Technology

Volvo Cars revamps SUV hybrid as it shifts plans away from pure electric

Volvo Cars said on Wednesday that plug-in hybrids would continue to be a critical part of its profit growth plans over the next few years and that it would revamp its XC90 hybrid sports utility

Volvo Cars revamps SUV hybrid as it shifts plans away from pure electric
Business|Technology

Lyft to pull the plug on dockless bikes, scooter operations in restructuring drive

Lyft will stop offering standalone dockless bikes and scooters and eliminate some jobs as part of a restructuring to cut costs, the ride-share service provider said on Wednesday.

Lyft to pull the plug on dockless bikes, scooter operations in restructuring drive
Business|Finance|Technology

UK clears Microsoft's partnership with Inflection AI

Britain's competition regulator, on Wednesday, cleared Microsoft's hiring of some former staff of Inflection AI and its partnership with the startup and said the deal did not required a

UK clears Microsoft's partnership with Inflection AI
Business|Economy|Technology

China to tackle risks in new infrastructure push

China will address the risks of fragmentation and imbalances as it seeks to build new infrastructure aimed at upgrading its manufacturing sector, the government said on Wednesday.

China to tackle risks in new infrastructure push
Business|Technology

Volvo Cars to deliver first EX90 SUVs this month after delay

Automaker Volvo Cars said on Wednesday it will deliver its EX90 SUV to the first customers before the end of this month after it had experienced extensive delays.

Volvo Cars to deliver first EX90 SUVs this month after delay
Business|Technology

Salesforce to acquire AI voice agent firm Tenyx, joining AI talent race

Enterprise cloud firm Salesforce on Tuesday said it has agreed to acquire Tenyx, which develops artificial intelligence-powered voice agents, to advance its AI-driven solutions.

Salesforce to acquire AI voice agent firm Tenyx, joining AI talent race
Business|Finance|Stock Markets|Technology

U.S. stocks tumble as September starts, investors cool on chips

Wall

U.S. stocks tumble as September starts, investors cool on chips
Business|Technology

Starlink backtracks, complies with order blocking X in Brazil, says regulator

Elon Musk's satellite broadband firm, Starlink, on Tuesday said that it is complying with Brazil's top court order to block access to social media platform X in the country, a day after

Starlink backtracks, complies with order blocking X in Brazil, says regulator
Business|Economy|Technology

AI likely to weigh on oil prices over the next decade, Goldman says

Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably

AI likely to weigh on oil prices over the next decade, Goldman says
Americas|Business|Technology

Chinese electric carmaker BYD denies pause on Mexico plant plans

China's electric automaker BYD said on Tuesday that it has not postponed "any decision" regarding its planned factory in Mexico, denying a report from earlier in the day.

Chinese electric carmaker BYD denies pause on Mexico plant plans
Business|Technology

Stellantis names new head of Jeep North America, makes other executive changes

Automaker Stellantis on Tuesday named Bob Broderdorf as the head of Jeep North America.

Stellantis names new head of Jeep North America, makes other executive changes
Business|Finance|Technology

AI server maker Super Micro denies short-seller Hindenburg's claims

Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and said it contained "false or inaccurate statements" about the AI server

AI server maker Super Micro denies short-seller Hindenburg's claims
Business|Technology|Travel

Airbnb asks NYC to reconsider regulations on short-term rentals

Airbnb on Tuesday asked New York City to reconsider regulations on short-term rentals that went into effect in September 2023, citing higher prices for travelers and zero impact on the

Airbnb asks NYC to reconsider regulations on short-term rentals
Business|Technology

Nokia signs fibre deal with AT&T after losing network contract to Ericsson

U.S. telecoms operator AT&T and Finnish network equipment maker Nokia have signed an agreement to build a fibre network in the U.S., the Finnish company said on Tuesday.

Nokia signs fibre deal with AT&T after losing network contract to Ericsson

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