SpaceX's unit Starlink secures Indonesia operating permit
JAKARTA (Reuters) - The satellite unit of Elon Musk's SpaceX, Starlink, has secured a permit to operate in Indonesia, its communications minister told Reuters on Wednesday. Starlink had obtained a permit to operate as an internet service provider f...
6h ago
Emerson Electric boosts 2024 profit view on measurement tools demand
(Reuters) - Emerson Electric raised its full-year profit forecast on Wednesday on steady demand in its unit that makes valves, regulators and actuators, sending the engineering solutions firm's shares up about 2% in premarket trade. The company's m...
6h ago
Uber shares tumble as second-quarter forecast disappoints
By Yuvraj Malik (Reuters) -Uber forecast second-quarter gross bookings below expectations after missing the target for the first three months on Wednesday, sending it shares down nearly 7% before the bell. The weakness in a key metric that indicates th...
6h ago
Biden to unveil $3.3 billion Microsoft AI investment in battleground Wisconsin
By Andrea Shalal WASHINGTON (Reuters) - President Joe Biden will visit the political battleground state of Wisconsin on Wednesday to announce plans by Microsoft Corp to build a $3.3 billion high-tech data center that will create thousands of jobs, ...
6h ago
Intel flags revenue hit as U.S. revokes certain export licenses to Chinese customer
(Reuters) - Chipmaker Intel said on Wednesday the U.S. Department of Commerce was revoking certain export licenses for its consumer-related items to a customer in China, a move that would impact its second-quarter revenue. Intel did not disclose th...
7h ago
Poland says it was targeted by hacking attack from Russia-linked group APT28
WARSAW (Reuters) - Poland was targeted by a hacking attack from Russia-linked group APT28 this week, the state-run National Research Institute (NASK) said on Wednesday. (Reporting by Alan Charlish, Pawel Florkiewicz)
7h ago
SK Hynix to sell 50% stake in China foundry unit to Chinese enterprise -Korea Economic Daily
SEOUL (Reuters) - South Korea's SK Hynix has agreed to sell its nearly 50% stake in its foundry unit based in China to a Chinese state-owned enterprise, according to regulatory filings and media reports. SK Hynix System IC said in a regulatory fili...
7h ago
EU asks X for details on reducing content moderation resources
BRUSSELS (Reuters) - The European Commission has requested information from social media platform X on decreasing content moderation resources under the EU's Digital Services Act, it said on Wednesday. "The request seeks to obtain more details on X...
7h ago
Exclusive-US eyes curbs on China's access to AI software behind apps like ChatGPT
WASHINGTON (Reuters) - The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China with preliminary plans to place guardrails around the most advanced AI Models, the core software of artificial intelligen...
9h ago
Rockwell plans to expand in India with more factories, tech workers
By Praveen Paramasivam (Reuters) - Rockwell Automation is mulling expanding its technology workforce and opening more factories to boost manufacturing in India, a senior executive said on Wednesday, days after unveiling plans to construct a plant i...
10h ago
SoftBank in talks to buy AI chipmaker Graphcore, Bloomberg reports
(Reuters) - Japan's SoftBank Group is in talks to buy artificial intelligence (AI) chipmaker Graphcore, Bloomberg News reported on Wednesday, citing people familiar with the matter. The months-long negotiations between the two companies recently re...
10h ago
Exclusive-Amazon breaks into Europe 5G networks with Telefonica cloud deal
By Supantha Mukherjee STOCKHOLM (Reuters) - Telefonica Germany will move one million 5G customers to Amazon Web Services (AWS) cloud later this month, company executives told Reuters, in a bold move by the U.S. online retailer to break into the gl...
14h ago
Tesla has proposed to launch robotaxis in China, Chinese state media reports
BEIJING (Reuters) - Tesla has proposed to launch robotaxis in China, newspaper China Daily reported on Wednesday, citing unnamed sources. According to the report, China may support Tesla's domestic testing and demonstration of robotaxis but has not...
17h ago
Samsung Medison buys AI software firm Sonio SAS for $92 million
SEOUL (Reuters) - South Korea's Samsung Medison said on Wednesday it is acquiring all of France's Sonio SAS, a fetal ultrasound artificial intelligence software company for about 126 billion won ($92.4 million). Samsung Electronics owns 68.45% stak...
18h ago
FTX files amended reorganization plan, expects between $14.5 billion-$16.3 billion for distribution
(Reuters) - Crypto exchange FTX filed an amended reorganization plan with a U.S. bankruptcy court which will allow for $14.5 billion to $16.3 billion for distribution to creditors, the company said in a statement on Tuesday. FTX said it has anticip...
19h ago
Luminar says Tesla is biggest customer for its lidar sensors
SAN FRANCISCO (Reuters) - Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Tuesday that Tesla was the largest customer for its sensors in the first quarter, accounting for more than 10% of its total revenue of $21 milli...
20h ago
Match Group expects quarterly revenue below estimates as spending on dating apps falls
(Reuters) - Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as users are likely to dial back spending on dating apps. Match Group - which offers dating apps services such as Hinge, Tinder, OkCupid a...
21h ago
Jack Henry lifts annual profit forecast on robust demand for fintech products
(Reuters) - Fintech firm Jack Henry & Associates on Tuesday raised its full-year profit forecast and reported a near 7% rise in third-quarter profit, helped by a strong performance in its processing as well as services and support segments. Financi...
22h ago
Arista Networks projects Q2 revenue above estimates
(Reuters) - Arista Networks forecast second-quarter revenue above Wall Street estimates on Tuesday, anticipating higher demand for its cloud networking gear from a boom in artificial intelligence applications and chips. The results underscore stron...
23h ago
Electronic Arts forecasts lower annual bookings as gamers cut back amid high inflation
(Reuters) - Video game publisher Electronic Arts forecast full-year bookings below Wall Street estimates on Tuesday, hit by weak spending on its flagship titles such as "FC 24" and "Madden NFL 24" amid an uncertain economic outlook. The Redwood Cit...
23h ago
Lyft forecasts strong quarterly earnings as ride-hailing demand picks up
By Yuvraj Malik (Reuters) - Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for its services and benefits from new user and driver features. Lyft ha...
23h ago
Reddit predicts surprise core profit in second quarter, shares surge
(Reuters) -Reddit predicted that it could post an adjusted core profit in the second quarter on the back of strong user growth and an uptick in the advertising market, sending its shares up more than 16% in extended trading on Tuesday. The forecast con...
23h ago
Exclusive-Software company BigCommerce explores sale, sources say
By Milana Vinn (Reuters) - BigCommerce, the e-commerce software maker that used to be backed by SoftBank Group, is exploring a sale after attracting takeover interest, people familiar with the matter said on Tuesday. BigCommerce has become an acqui...
23h ago
US revokes some export licenses for China's Huawei
WASHINGTON (Reuters) -The U.S. on Tuesday said it revoked some licenses that allow companies to ship goods, such as chips, to the sanctioned Chinese mobile phone and laptop maker Huawei Technologies. The move comes after the release last month of Huawe...
May 07, 2024
Microsoft's Xbox shuts multiple studios, consolidates teams in cost-cutting move
(Reuters) - 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. Studios such as "Hi-Fi Rush" maker Tango Gameworks, headquartered...
May 07, 2024