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

Latest From Reuters

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
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

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