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...
3h 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...
4h 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...
7h 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...
11h 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...
11h 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...
13h 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...
13h 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...
14h 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...
15h 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...
16h 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...
16h 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...
16h 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...
16h 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...
17h 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...
17h ago
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...
19h ago
Motional puts robotaxi deployment on back burner, to focus on technology development
(Reuters) - Self-driving technology company Motional said on Tuesday it would focus on developing its core technology and delay commercial robotaxi deployments, while it lays off staff as part of its restructuring process. The development comes ahe...
19h ago
TikTok, ByteDance sue to block US law seeking sale or ban of app
By David Shepardson WASHINGTON (Reuters) -TikTok and its Chinese parent company ByteDance sued in U.S. federal court on Tuesday seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 mil...
20h ago
AI lacks judgement to set interest rates, Singapore central bank head says
LONDON (Reuters) - Artificial intelligence lacks the human judgement skills needed to set interest rates, the head of the Monetary Authority of Singapore said on Monday. But AI could make it easier for criminals to launch cyber attacks, said Chia D...
21h ago
Cyber startup Wiz raises $1 billion in private funds, valued at $12 billion
JERUSALEM (Reuters) - U.S.-Israeli cloud cyber security startup Wiz said on Tuesday it raised $1 billion in a private funding round that values the four-year old company at $12 billion. Wiz, which has raised $1.9 billion since its founding in 2020,...
22h ago
UK and allies sanction Russian leader of LockBit cybercrime gang
LONDON (Reuters) - Britain, the U.S. and Australia have sanctioned a senior Russian leader of the cybercrime gang LockBit, the British government said on Tuesday. Dmitry Khoroshev will face asset freezes and travel bans after being identified as on...
22h ago
Apple expected to show new iPads and possibly a new chip
By Stephen Nellis (Reuters) - Apple plans to hold a virtual event on Tuesday where it is expected to show new iPad models, some of which could come with a new chip aimed at speeding up artificial intelligence tasks carried out on the devices. Its l...
22h ago
OpenAI to launch tool to detect images created by DALL-E 3
(Reuters) - OpenAI is launching a tool that can detect images created by its text-to-image generator DALL-E 3, the Microsoft-backed startup said on Tuesday amid rising worries about the influence of AI-generated content in this year's global electi...
23h ago
GlobalFoundries forecasts Q2 revenue, profit above estimates on chip market recovery
(Reuters) - 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 inventory at its customers. Shares of the contrac...
23h ago
'Livestream' shopping thwarts some high-tech tools to stop fake merch
By Arriana McLymore NEW YORK (Reuters) - Livestream shopping where buyers and sellers transact in real-time video is growing in the United States while technology to police counterfeit goods has so far not kept up, a situation that makes it easier ...
May 07, 2024