Brazil's CBMM starts testing ultra-fast charging batteries in Volkswagen bus
By Marta Nogueira RIO DE JANEIRO (Reuters) - Brazilian miner CBMM has started to test on Volkswagen electric trucks a niobium-based battery that it claims can be charged way faster than the others in the market, the companies said on Wednesday. CBM...
Jun 19, 2024
Northvolt reviewing plans for new Swedish gigafactory
OSLO (Reuters) - 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 newspaper reported it was cancelling the project....
Jun 19, 2024
Dell assembling racks for xAI's supercomputer, Elon Musk says
(Reuters) - Dell Technologies is assembling half of the racks for the supercomputer that xAI is building, billionaire Elon Musk said in a post on social media platform X on Wednesday. The U.S. businessman has recently told investors that his artifi...
Jun 19, 2024
Amazon invests $11 billion to expand cloud and logistics in Germany
BERLIN (Reuters) - Amazon will invest 10 billion euros ($10.75 billion) as demand for its cloud services and retail goods in Europe's biggest economy keeps growing, the US technology and retail company said on Wednesday. The greater part of the sum...
Jun 19, 2024
Onsemi to invest up to $2 billion in Czech semiconductor plant
By Jan Lopatka PRAGUE (Reuters) - U.S. chipmaker Onsemi will invest up to $2 billion to boost its semiconductor output in the Czech Republic, it said on Wednesday, expanding the company's European capacity as the European Union seeks self-sufficien...
Jun 19, 2024
UK probes Hewlett Packard Enterprise's $14 billion deal for Juniper Networks
(Reuters) - 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 concerns in the country. The Competition and Mar...
Jun 19, 2024
Bayer looks to AI to combat herbicide resistance faster
By Renee Hickman CHICAGO (Reuters) - Bayer's crop science division is increasingly turning to artificial intelligence in its battle against crop killing weeds, the company told Reuters. Weeds are growing resistant to the herbicides already on the m...
Jun 18, 2024
US pushing Netherlands, Japan to restrict more chipmaking equipment to China, source says
By Karen Freifeld (Reuters) - A U.S. official was headed to Japan after meeting with the Dutch government in an effort to push allies to further crack down on China's ability to produce cutting-edge semiconductors, a person familiar with the matter...
Jun 18, 2024
US FTC refers complaint against TikTok to Justice Department
(Reuters) - The U.S. Federal Trade Commission said on Tuesday it had referred a complaint to the Justice Department against the social media platform TikTok and its parent company ByteDance over potential violations of the Children's Online Privacy...
Jun 18, 2024
Trump Media says SEC's decision may help it get $247 million
(Reuters) - Trump Media & Technology Group said on Tuesday the Securities and Exchange Commission has declared effective the company's filing for resale of certain shares and warrants, potentially giving it about $247 million in proceeds. The compa...
Jun 18, 2024
AMD investigating claims that company data was stolen in hack
(Reuters) - Advanced Micro Devices said on Tuesday it was looking into claims that the company data was stolen in a hack by a cybercriminal organization. "We are working closely with law enforcement officials and a third-party hosting partner to in...
Jun 18, 2024
Qualcomm reaches $75 million settlement over sales and licensing practices
By Jonathan Stempel (Reuters) - Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing practices. A preliminary all-cash settlement wa...
Jun 18, 2024
Amazon-aggregator Thrasio emerges from bankruptcy, appoints CEO
(Reuters) - Amazon-aggregator Thrasio said on Tuesday it has emerged from the Chapter 11 bankruptcy and appointed Stephanie Fox as chief executive officer. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar)
Jun 18, 2024
Microsoft to buy 8 million carbon credits from BTG Pactual in largest-ever sale
SAO PAULO (Reuters) - Brazilian investment bank BTG Pactual's forestry arm said on Tuesday it agreed to sell 8 million carbon offset credits to Microsoft, the largest-ever sale of such credits. BTG Pactual Timberland Investment Group (TIG) did not ...
Jun 18, 2024
AI fever drives Nvidia's rise to world's most valuable company
By Lewis Krauskopf NEW YORK (Reuters) - Nvidia has become the world's most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming...
Jun 18, 2024
Meta must face Australian billionaire Forrest's US lawsuit over scam Facebook crypto ads
By Jonathan Stempel (Reuters) - A U.S. judge rejected Meta Platforms' bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that show him promoting fake cryptocurrency and other fraudulen...
Jun 18, 2024
Nvidia becomes world's most valuable company
(Reuters) -Nvidia became the world's most valuable company on Tuesday, dethroning tech heavyweight Microsoft, as its chips continue to play a central role in a race to dominate the market for artificial intelligence. Shares of the chipmaker climbed 3.2...
Jun 18, 2024
Apple suspends work on next high-end headset, to focus on cheaper model, the Information reports
(Reuters) - Apple has suspended work on its next high-end Vision headset, the Information reported on Tuesday, citing an employee at a manufacturer that makes key components for the Vision Pro. The iPhone maker is still working on releasing a more ...
Jun 18, 2024
AI search startup Genspark raises $60 million in seed round to challenge Google
By Krystal Hu (Reuters) - Genspark, an artificial intelligence search startup founded by former Baidu executives, has raised $60 million in an oversized seed funding as it joins a series of challengers to take on Google's dominance in the search ma...
Jun 18, 2024
Verizon uses GenAI to improve customer loyalty
By Supantha Mukherjee STOCKHOLM (Reuters)AI - U.S. telecom company Verizon is using generative to stop 100,000 customers from leaving its service this year by predicting why a customer is calling, connecting them with a suitable agent and reducing ...
Jun 18, 2024
Decagon raises $35 million for AI-powered customer service
By Anna Tong SAN FRANCISCO (Reuters) - - Decagon, a startup that sells artificial intelligence-powered customer support solutions, said on Tuesday it had raised $35 million in Series A and seed funding. Accel led the series A round with participati...
Jun 18, 2024
Snap launches AI tools for advanced augmented reality
By Sheila Dang (Reuters) - Snapchat owner Snap Inc on Tuesday launched its latest iteration of generative AI technology that will allow users to see more realistic special effects when they use phone cameras to film themselves, as it seeks to stay ...
Jun 18, 2024
Cybersecurity startup Huntress valued at over $1.5 billion after latest funding
By Manya Saini (Reuters) - Huntress, the small business-focused cybersecurity startup founded by former hackers for the U.S. government, was valued at over $1.5 billion after raising $150 million in its latest funding round. Venture capital firm Kl...
Jun 18, 2024
KKR-SingTel consortium to invest $1.3 billion in ST Telemedia Global Data Centres
By Ayushman Ojha and Yantoultra Ngui (Reuters) - A consortium of U.S. investment firm KKR and Singapore Telecommunications will invest S$1.75 billion ($1.3 billion) in ST Telemedia Global Data Centres, one of Asia's biggest data centre providers, t...
Jun 18, 2024
Brazil's tax authority to summon foreign crypto exchanges for information
By Marcela Ayres BRASILIA (Reuters) - Brazil's tax authority will soon call foreign crypto exchanges not based in the country to explain their operations and how they cooperate with local service providers, government officials told Reuters on Mond...
Jun 18, 2024