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

Latest From Reuters

Entertainment|Technology

SXSW festival to launch European edition in London next year

South by Southwest, the music, technology and film festival (SXSW) held annually in Austin, Texas is coming to London next year in a new European edition.

SXSW festival to launch European edition in London next year
Business|Technology

Elon Musk proposed to launch robotaxis in China during April visit, state media report says

Elon Musk proposed testing Tesla's advanced driver-assistance package in China by deploying it in robotaxis, during his recent visit to the country, the state-backed China Daily

Elon Musk proposed to launch robotaxis in China during April visit, state media report says
Business|Technology

Brazil's Telefonica quarterly profit rises 7%, but misses forecasts

Brazilian telecommunications operator Telefonica Brasil posted on Tuesday a net profit below analysts' expectations, even though it increased by 7.3% in the first quarter from a

Brazil's Telefonica quarterly profit rises 7%, but misses forecasts
Business|Technology

Match Group expects quarterly revenue below estimates as spending on dating apps falls

Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as people dial back spending on dating apps, weighing on user growth.

Match Group expects quarterly revenue below estimates as spending on dating apps falls
Business|Technology

Reddit's strong forecasts spark share surge after first results since IPO

Reddit said it could post an adjusted profit in the second quarter thanks to its booming advertising business and content-licensing deals with AI companies, impressing

Reddit's strong forecasts spark share surge after first results since IPO
Business|Economy|Technology

Rivian sticks to production forecast below Wall Street targets

Electric-pickup maker Rivian on Tuesday stuck to a 2024 production forecast well below Wall Street targets and reported a wider-than-expected first-quarter

Rivian sticks to production forecast below Wall Street targets
Business|Technology

The latest investigation into the Boeing 787

The Federal Aviation Administration said on Monday it has opened an investigation into the Boeing 787 Dreamliner to see whether some employees committed "misconduct" by claiming certain

The latest investigation into the Boeing 787
Business|Economy|Technology

Italy's Leonardo in wait-and-see mode over Boeing delays

Italy's Leonardo is waiting to see the impact of Boeing's recent troubles on production, which could cost the Italian firm some 50 million euros in 2024, the group's CEO said on

Italy's Leonardo in wait-and-see mode over Boeing delays
Business|Technology

Meta to expand AI image generation offerings for ads

Meta Platforms, the parent company of Facebook and Instagram, said on Tuesday it was expanding its suite of generative AI ads products to offer tools that can automatically create

Meta to expand AI image generation offerings for ads
Business|Technology

Microsoft's Xbox shuts multiple studios, consolidates teams in cost-cutting move

Microsoft's Xbox is shutting down a number of gaming studios including Arkane Austin, making it the latest publisher to shut down studios amid signs of a gaming slowdown.

Microsoft's Xbox shuts multiple studios, consolidates teams in cost-cutting move
Business|Technology

Investopedia-owner Dotdash Meredith signs content license deal with OpenAI

Dotdash Meredith has signed a content license deal with OpenAI to train AI models and allow ChatGPT to answer queries with summaries attributable to America's largest digital and print

Investopedia-owner Dotdash Meredith signs content license deal with OpenAI
Business|Technology

Geely, Foretellix partner to jump-start self driving car development

Chinese automaker Geely and Israeli auto safety technology startup Foretellix formed a strategic partnership to accelerate safe large-scale development of self-driving vehicles,

Geely, Foretellix partner to jump-start self driving car development
Business|Economy|Technology

GlobalFoundries forecasts Q2 revenue, profit above estimates on chip market recovery

GlobalFoundries forecast second-quarter revenue above Wall Street estimates on Tuesday, betting on improving demand for semiconductors after a years-long slump that was caused by surplus

GlobalFoundries forecasts Q2 revenue, profit above estimates on chip market recovery
Business|Economy|Technology

Nikola's revenue misses estimates on slowing truck demand

Nikola missed Wall Street expectations for first-quarter revenue on Tuesday, as the electric truck maker delivered fewer hydrogen fuel cell trucks amid an uncertain macroeconomic outlook

Nikola's revenue misses estimates on slowing truck demand
Business|Technology

China's COMAC to expand Shanghai C919 plane factory as orders grow

China's COMAC is expanding production facilities for its homegrown C919 jets in Shanghai, according to one of the project contractors, as the state-owned planemaker ramps up

China's COMAC to expand Shanghai C919 plane factory as orders grow
Business|Economy|Technology

Tesla's China-made EV sales fall 18% in April; shares slip

U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, lagging the broader market's surge, China Passenger Car Association (CPCA)

Tesla's China-made EV sales fall 18% in April; shares slip
Business|Technology

China's Nio turns to rival BYD to power new EV brand, sources say

China electric vehicle maker Nio has struck a deal with larger rival BYD to source batteries for an EV brand priced at a lower range that aims to compete with Tesla, three sources

China's Nio turns to rival BYD to power new EV brand, sources say
Business|Technology

Amazon to spend nearly $9 billion to expand cloud infra in Singapore

Amazon.com plans to spend S$12 billion ($8.88 billion) over the next four years to expand its cloud computing infrastructure in Singapore, Amazon Web Services (AWS) said on Tuesday.

Amazon to spend nearly $9 billion to expand cloud infra in Singapore
Business|Technology

Apple working on AI chips for data centers, WSJ reports

Apple is developing its own chip to run artificial intelligence software in data centers, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Apple working on AI chips for data centers, WSJ reports
Business|Technology

Axon raises full-year revenue forecast on strong demand for its software products

Axon Enterprise raised its full-year core profit and revenue forecast Monday, banking on strong demand for its software products and recently launched TASER 10 policing device.

Axon raises full-year revenue forecast on strong demand for its software products
Business|Technology

Microsoft readies new AI model to compete with Google, OpenAI, The Information reports

Microsoft is training a new, in-house AI language model large enough to compete with those from Alphabet's Google and OpenAI, the Information reported on Monday.

Microsoft readies new AI model to compete with Google, OpenAI, The Information reports
Business|Technology

Tesla lays off more staff in software, service teams, Electrek reports

Electric-vehicle maker Tesla has laid off staff from the software, service and engineering departments, tech publication Electrek reported on Monday, citing sources familiar with the matter

Tesla lays off more staff in software, service teams, Electrek reports
Business|Political|Technology

Trump Media dismisses auditor BF Borgers amid SEC fraud charges

Former U.S. President Donald Trump's media and technology company said it had replaced its auditor, BF Borgers, after the U.S.

Trump Media dismisses auditor BF Borgers amid SEC fraud charges
Business|Economy|Technology

Synopsys sells software integrity unit for $2.1 billion to PE group

Synopsys said on Monday it would sell its software integrity (SIG) unit to a private-equity group led by Clearlake Capital and Francisco Partners in a $2.1 billion deal, as it shifts its

Synopsys sells software integrity unit for $2.1 billion to PE group
Business|Economy|Technology

Volvo Cars April sales rise on strong EV demand

Volvo Cars' sales rose 27% in April from a year earlier to 65,838 cars, boosted by demand for electric and hybrid vehicles, the Sweden-based group said on Monday.

Volvo Cars April sales rise on strong EV demand

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