Today: October 05, 2024
Today: October 05, 2024

Latest From Reuters

Business|Technology

AI-focused tech firms see big jump in market cap in June

Artificial intelligence-focused companies, mostly chipmakers, saw big gains in their market capitalization at the end of June, with Nvidia briefly overtaking Microsoft to become the most

AI-focused tech firms see big jump in market cap in June
Business|Economy|Technology

Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says

A Russian consortium leading a buyout of Yandex, often dubbed Russia's Google, from its Dutch parent company Yandex NV said on Monday it has received bids from investors to exchange 43.9

Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says
Business|Technology

Cyber insurance rates fall as businesses improve security, report says

Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in

Cyber insurance rates fall as businesses improve security, report says
Business|Economy|Technology

South Korea's SK Hynix to invest $75 billion by 2028 in AI, chips

South Korea's SK Hynix, the world no.2 memory chip maker, will invest 103 trillion won ($74.6 billion) through 2028 to strengthen its chips business, focusing on AI, its parent SK

South Korea's SK Hynix to invest $75 billion by 2028 in AI, chips
Business|Technology

Alaska Air returns 737 MAX 9 involved in mid-air blowout to Boeing

Alaska Airlines said on Friday it has returned to Boeing the 737 MAX 9 plane that in January was involved in a mid-air door panel blowout.

Alaska Air returns 737 MAX 9 involved in mid-air blowout to Boeing
Business|Technology

Amazon lures cofounders from startup Adept to bolster AI efforts

Amazon.com hired away artificial intelligence startup Adept's co-founders and some of its team in a move that echoes one by rival Microsoft, as it seeks to

Amazon lures cofounders from startup Adept to bolster AI efforts
Business|Technology

Ford expects profitable $30,000 EV in two and a half years, CNBC reports

Ford Motor Co expects to launch a $30,000 EV that could be profitable in about two and a half years but did not provide any further details on the vehicle, CNBC reported on Friday.

Ford expects profitable $30,000 EV in two and a half years, CNBC reports
Business|Technology

HubSpot investigating customer account hacks

Software firm HubSpot said on Friday it is investigating a cybersecurity incident that targeted its customers.

HubSpot investigating customer account hacks
Business|Technology

CDK Global begins to restore systems after cyber hack hits thousands of retailers

Retail technology and software provider CDK Global has begun work to restore systems used by over 15,000 retail locations across North America, the company said in a statement on Sunday,

CDK Global begins to restore systems after cyber hack hits thousands of retailers
Business|Technology

Stability AI appoints new CEO, the Information reports

British artificial intelligence startup Stability AI has appointed Prem Akkaraju as its new chief executive officer, the Information reported on Friday, citing a person involved in the

Stability AI appoints new CEO, the Information reports
Health|Technology

Britain's NHS investigates claims hackers published stolen patient data

Britain's National Health Service said on Friday it was investigating claims that hackers had published confidential data stolen from several London hospitals in a cyber attack on a

Britain's NHS investigates claims hackers published stolen patient data
Business|Economy|Technology

Italy boosts crypto risk oversight and toughens sanctions, draft shows

Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines for those who manipulate the market, a draft decree reviewed by Reuters

Italy boosts crypto risk oversight and toughens sanctions, draft shows
Business|Technology

German battery maker Varta cuts 2024 revenue forecast

German battery maker Varta AG on Thursday said it would cut its full-year revenue forecast for 2024 due to the declining demand in the energy storage market.

German battery maker Varta cuts 2024 revenue forecast
Business|Technology

Northvolt reviewing plans for new Swedish gigafactory

Swedish lithium-ion battery producer Northvolt is reviewing plans to build a new plant in Borlange in central Sweden but has not reached any decisions, it said on Wednesday, after a

Northvolt reviewing plans for new Swedish gigafactory
Business|Economy|Technology

SoftBank's Son: will ramp up US power business for generative AI

Japan's SoftBank Group will ramp up its power generation business primarily in the United States to supply power to generative artificial intelligence projects worldwide, founder

SoftBank's Son: will ramp up US power business for generative AI
Business|Technology

UK probes Hewlett Packard Enterprise's $14 billion deal for Juniper Networks

Britain's competition regulator said on Wednesday it was investigating whether Hewlett Packard Enterprise's planned $14 billion acquisition of Juniper Networks would result in competition

UK probes Hewlett Packard Enterprise's $14 billion deal for Juniper Networks
Business|Technology

AMD investigating claims that company's data was stolen in hack

Advanced Micro Devices said on Tuesday it was looking into claims that the company's data was stolen in a hack by a cybercriminal organization.

AMD investigating claims that company's data was stolen in hack
Business|Economy|Technology

Nidec sees AI-related business expanding to more than $6 billion

Japanese electronic motor maker Nidec sees its business in water-cooling modules for generative artificial intelligence data centres expanding to 1 trillion yen ($6.32 billion) in

Nidec sees AI-related business expanding to more than $6 billion
Business|Technology

Apple's iPhone shipments in China surge 40% in May amid aggressive discounting

Apple's smartphone shipments in China rose nearly 40% in May from a year earlier, extending a rebound seen in April, data from a research firm affiliated with the Chinese government

Apple's iPhone shipments in China surge 40% in May amid aggressive discounting
Business|Technology

Silicon Box picks Italy's Piedmont region for $3.4 billion chip plant

Singapore-based semiconductor firm Silicon Box has picked the town of Novara, in the industrialised northwestern region of Piedmont, for its new multi-billion-euro chip factory in

Silicon Box picks Italy's Piedmont region for $3.4 billion chip plant
Business|Technology

Baidu launches upgraded AI model, says Ernie Bot hits 300 million users

Chinese search engine giant Baidu on Friday unveiled an upgraded version of its artificial intelligence (AI) model, Ernie 4.0 Turbo, as it seeks to maintain its position in China's

Baidu launches upgraded AI model, says Ernie Bot hits 300 million users
Business|Technology

CDK brings some auto retailers back on dealer management system

Software maker CDK said on Friday it had brought two small groups and one large publicly traded group of auto retailer live on its dealer management system, following an outage caused by a

CDK brings some auto retailers back on dealer management system
Business|Technology

CDK says 'small initial test group' brought live on its Dealer Management System

Software maker CDK Global said on Wednesday it had brought a "small initial test group" of dealers live on its Dealer Management System (DMS) after a cyber attack-led outage impacted auto

CDK says 'small initial test group' brought live on its Dealer Management System
Business|Economy|Technology

E-commerce firm Shopee to adjust services in Indonesia after antitrust violation

E-commerce firm Shopee said on Wednesday it agreed to make changes to its services in Indonesia after the country's antitrust agency said the platform had admitted to violating anti

E-commerce firm Shopee to adjust services in Indonesia after antitrust violation
Business|Technology

Onepoint withdraws from Atos restructuring talks, Kretinsky wants to rejoin

French technology firm Atos said on Wednesday a consortium led by investor David Layani's Onepoint had withdrawn from discussions on its restructuring, but that it still planned to reach a

Onepoint withdraws from Atos restructuring talks, Kretinsky wants to rejoin

Follow