Former Wipro CEO Delaporte earned $20 million in last year at helm
By Haripriya Suresh BENGALURU (Reuters) - India's No.4 IT services firm Wipro paid $20.1 million in annual compensation to former CEO Thierry Delaporte who resigned in April, well before his five-year term was set to end in July 2025. The Frenchman...
May 23, 2024
Analysis-Google acquiring HubSpot would bolster bid to challenge Microsoft
By Milana Vinn (Reuters) - Google parent Alphabet's potential acquisition of HubSpot, a U.S. marketing software maker with a market value of $31 billion, would boost its ability to compete against Microsoft in offering cloud-based applications to c...
May 23, 2024
Scarlett Johansson's OpenAI feud rekindles Hollywood fear of artificial intelligence
By Dawn Chmielewski and Anna Tong (Reuters) - OpenAI's apparent homage to the movie "Her" featuring the voice likeness of Scarlett Johansson is fueling a backlash against artificial intelligence across Hollywood, executives told Reuters. Johansson'...
May 23, 2024
Xiaomi reports 27% rise in Q1 revenue on strong smartphone sales
By Liam Mo and Casey Hall BEIJING (Reuters) - Chinese electronics maker Xiaomi posted a bigger-than-expected 27% rise in first-quarter revenue on Thursday, boosted by strong sales of handsets amid a recovery in the smartphone market. For the first ...
May 23, 2024
US plans $75 million grant to Absolics for advanced chip packaging
By David Shepardson WASHINGTON (Reuters) - The US Commerce Department said on Thursday it plans to grant $75 million to Absolics for constructing a 120,000-square-foot facility in Georgia that will supply advanced materials to the country's semicon...
May 23, 2024
Nvidia shares scale new peak in Frankfurt after strong forecast
(Reuters) - Nvidia's Frankfurt-listed shares rose on Thursday after the chipmaker forecast quarterly revenue above estimates, impressing investors who have tripled the chipmaker's market value in the past year on AI optimism. By 0600 GMT, the stock...
May 23, 2024
ASML, Eindhoven Tech University to invest $195 million in partnership
By Toby Sterling AMSTERDAM (Reuters) - European tech giant ASML and the Eindhoven University of Technology said on Thursday they have agreed to spend a combined 180 million euros ($195 million) on semiconductor research over the coming decade. ASML...
May 23, 2024
China's Lenovo extends revenue growth streak, beats expectations
By Josh Ye HONG KONG (Reuters) -China's Lenovo Group reported a 9% rise in fourth-quarter revenue to $13.8 billion on Thursday, as the world's largest maker of personal computers (PCs) exits a demand slump following the aftermath of the COVID-19 pandem...
May 23, 2024
Exclusive-Microsoft's UAE deal could transfer key U.S. chips and AI technology abroad
By Stephen Nellis (Reuters) - Microsoft President Brad Smith said the tech company's high profile deal with the United Arab Emirates-backed AI firm G42 could eventually involve the transfer of sophisticated chips and tools - a move that a senior Re...
May 23, 2024
TSMC expects semiconductor industry growth of over 10% this year
HSINCHU, Taiwan (Reuters) - Taiwanese chipmaker TSMC said on Thursday it expects growth in the semiconductor industry of more than 10% this year, excluding memory chips. Senior vice-president Cliff Hou was speaking at an event in Hsinchu, where the...
May 23, 2024
South Korea announces $19 billion support package for chip industry
SEOUL (Reuters) - South Korea announced on Thursday revised plans for a support package for the country's vital semiconductor industry worth 26 trillion won ($19.05 billion), the country's presidential office said on Thursday. Under the package, Pr...
May 23, 2024
Tesla pushes suppliers to produce parts outside of China and Taiwan, Nikkei reports
(Reuters) - Tesla has told suppliers for its models sold outside China to start building components and parts outside of both China and Taiwan by as early as next year, Nikkei reported on Thursday. Suppliers of components such as printed circuit bo...
May 23, 2024
NASA, Boeing targeting June 1 for Starliner's debut crewed flight
WASHINGTON (Reuters) - NASA and Boeing are targeting June 1 for the company's first crewed launch of its Starliner spacecraft as engineers investigate the cause of a helium leak, the agency said Wednesday. (Reporting by Joey Roulette; Editing by S...
May 23, 2024
US DOJ to seek break up of Live Nation, Bloomberg News reports
(Reuters) -The U.S. Department of Justice and a group of states will sue Live Nation Entertainment for antitrust violations and could seek remedies including breaking up the company, Bloomberg News reported on Wednesday. The dispute is tied to Ticketma...
May 22, 2024
Australia takes Singtel-owned Optus to court over 2022 cyber attack
(Reuters) - Australia's media regulator is taking legal action against telecom carrier Optus, owned by Singapore Telecommunications, over a cyber attack it faced in September 2022, the telecom operator said on Wednesday. Australia's No.2 telco, had...
May 22, 2024
Synopsys lifts annual forecast on AI boom driving demand for chip design software
By Stephen Nellis and Jaspreet Singh (Reuters) - Synopsys raised its annual revenue and profit forecast on Wednesday in anticipation of robust demand for its software to design advanced chips driving artificial intelligence applications. The AI-boo...
May 22, 2024
Nvidia's strong forecast lifts shares of AI chipmakers
By Caroline Valetkevitch NEW YORK (Reuters) - A stronger-than-expected revenue forecast from Nvidia after the bell on Wednesday lifted shares of the artificial-intelligence chipmaker and fueled gains in other chip and technology stocks. Shares of N...
May 22, 2024
US FCC chair backs requiring AI disclosure in campaign TV, radio ads
By David Shepardson WASHINGTON (Reuters) - U.S. Federal Communications Commission Chairwoman Jessica Rosenworcel on Wednesday proposed requiring disclosure of content generated by artificial intelligence (AI) in political ads on radio and TV. Rosen...
May 22, 2024
Swedish EV maker Polestar confirms delay in Q1 earnings report
(Reuters) - Swedish electric vehicle maker Polestar will not be reporting its first-quarter results on May 23, a spokesperson confirmed in an email to Reuters on Wednesday. The company will first need to file its annual report for the year ended De...
May 22, 2024
Sam Altman's OpenAI signs content agreement with News Corp
(Reuters) -Sam Altman-led OpenAI has signed a deal to bring News Corp's news content to the artificial intelligence platform, the companies said on Wednesday. The deal will give OpenAI access to current and archived content from News Corp's publication...
May 22, 2024
Nvidia forecasts quarterly revenue above estimates, announces stock split
By Arsheeya Bajwa and Stephen Nellis (Reuters) -Nvidia forecast second-quarter revenue above estimates on Wednesday and announced a ten-for-one forward stock split, impressing investors who have already tripled the chipmaker's market value in the past...
May 22, 2024
Snowflake expects strong Q2 as AI push boosts demand for cloud services
(Reuters) -Snowflake on Wednesday forecast second-quarter product revenue above Wall Street estimates and raised its expectations for the year, on strong demand for its cloud-based services amid a surge in use of generative artificial intelligence. Sha...
May 22, 2024
Two tech investors to host Trump at June San Francisco fundraiser
By Alexandra Ulmer (Reuters) - Two high-profile tech investors will host a fundraiser for Republican presidential candidate Donald Trump in deeply Democratic San Francisco in June, according to a copy of an invitation sent to donors and seen by Reu...
May 22, 2024
US lawmakers advance bill to make it easier to curb exports of AI models
WASHINGTON (Reuters) - The House Foreign Affairs Committee on Wednesday voted to advance a bill that would make it easier for the Biden administration to restrict the export of artificial intelligence systems, fearing China could exploit them to bo...
May 22, 2024
Hong Kong regulator directs Worldcoin to cease operations citing privacy concerns
(Reuters) - A Hong Kong regulator on Wednesday served an enforcement notice to Worldcoin Foundation directing it to cease all operations of the cryptocurrency project in the country, citing risk to privacy and personal data. The Office of the Priva...
May 22, 2024