Take-Two expects GTA VI launch in fall 2025, cuts bookings forecast
(Reuters) -Take-Two Interactive Software tempered expectations for fiscal 2025 bookings on Thursday, after setting the release of the highly anticipated "Grand Theft Auto VI" in the fall of calendar 2025. Shares of the New York-based company fell 3.5% ...
May 16, 2024
Copart's third-quarter revenue beats as vehicle sales rise
(Reuters) - Online vehicle auction services provider Copart marginally beat third-quarter revenue estimates on Thursday as vehicle sales increased. The Dallas-based company, which primarily provides services to sell damaged and total-loss vehicles ...
May 16, 2024
AI voiceover company stole voices of actors, New York lawsuit claims
By Blake Brittain (Reuters) - Two voice actors sued artificial-intelligence startup Lovo in Manhattan federal court on Thursday, accusing the company of illegally copying their voices and using them without permission in its AI voiceover technology...
May 16, 2024
OpenAI strikes deal to bring Reddit content to ChatGPT
(Reuters) -Reddit has partnered with OpenAI to bring the social media platform's content to popular chatbot ChatGPT, the companies said on Thursday, sending Reddit's shares up 12% in extended trade. The deal underscores Reddit's attempt to diversify it...
May 16, 2024
Applied Materials forecasts strong third quarter on AI boom
(Reuters) -Semiconductor equipment maker Applied Materials forecast third-quarter results largely above Wall Street estimates on Thursday, indicating robust demand fueled by an artificial intelligence boom. The company has benefited from growing demand...
May 16, 2024
Figma valued at $12.5 billion in tender offer backed by Fidelity, others
By Krystal Hu (Reuters) - Cloud-based designer platform Figma is closing a deal to allow its employees and early investors to sell their stake to new and existing investors at a valuation of $12.5 billion, the company said on Thursday. Figma, whose...
May 16, 2024
Tesla gets local council go-ahead for German factory expansion
GRUENHEIDE, Germany (Reuters) - Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric vehicle maker's plans. The green light from the Gr...
May 16, 2024
Ampere Computing pairs with Qualcomm on AI, unveils new chip
By Stephen Nellis and Max A. Cherney (Reuters) - Ampere Computing on Thursday said it was pairing its chips with those from Qualcomm in a new offering aimed at lowering the power bills from operating artificial intelligence chips. Founded by Renee ...
May 16, 2024
Exclusive-Vercel completes $250 million Series E round at $3.25 billion valuation
By Anna Tong (Reuters) - Vercel, a software startup that provides a platform for building cloud-based web applications, on Thursday said it has raised $250 million in a Series E funding round that values the company at $3.25 billion. The round was ...
May 16, 2024
Cisco rises as networking equipment demand rebound takes root
(Reuters) - Cisco Systems shares rose about 4% before the bell on Thursday after an upbeat fourth-quarter forecast signaled further stabilization in networking equipment demand and benefits from its $28 billion deal for cybersecurity firm Splunk. T...
May 16, 2024
Meta faces EU investigation over child safety risks
By Foo Yun Chee BRUSSELS (Reuters) - Meta Platforms' social media sites Facebook and Instagram will be investigated for potential breaches of EU online content rules relating to child safety, EU regulators said on Thursday, a move that could lead t...
May 16, 2024
GameStop, AMC slide as meme stocks rally loses steam
(Reuters) - Retail darlings GameStop and AMC continued their slide into premarket trading on Thursday, as the euphoria over the return of "Roaring Kitty", who was the central figure in 2021 meme stock rally, fizzles out. Shares of the struggling vi...
May 16, 2024
India's Zoho plans $700 million foray into chipmaking
By Munsif Vengattil NEW DELHI (Reuters) - Indian software firm Zoho is planning a foray into chipmaking and seeking incentives from the federal government, two sources with direct knowledge of the proposal said, with one of them pegging the investm...
May 16, 2024
China's Baidu beats quarterly revenue estimates on ad recovery, cloud demand
(Reuters) - China's Baidu beat analysts' estimates for first-quarter revenue on Thursday, driven by a recovery in advertising sales and higher demand for its cloud products. The company reported revenue of 31.51 billion yuan ($4.37 billion) for the...
May 16, 2024
Futures exchange operator CME Group plans to launch bitcoin trading, FT reports
(Reuters) - CME Group, the world's largest futures exchange operator, plans to launch bitcoin trading to expand its portfolio, the Financial Times reported on Thursday. The Chicago-headquartered exchange has been holding discussions with traders wh...
May 16, 2024
Newly privatised Toshiba to cut 4,000 jobs in restructuring drive
By Sam Nussey TOKYO (Reuters) - Japan's Toshiba said on Thursday it will cut up to 4,000 jobs domestically as the industrial conglomerate accelerates restructuring under new ownership. Toshiba delisted in December due to a $13 billion takeover by a...
May 16, 2024
Turkish competition board fines Google over failure to comply with regulation
ISTANBUL (Reuters) - The Turkish competition authority said on Thursday that it decided to fine Google over its failure to fulfil obligations regarding a part of its local search services. The authority said it will fine the company daily five ten ...
May 16, 2024
Temu targeted in EU consumer group's complaint to EU tech regulator
By Foo Yun Chee BRUSSELS (Reuters) - Chinese fast-fashion e-commerce retailer Temu was hit with a European Union complaint on Thursday, with pan-European consumers group BEUC saying the PDD Group-owned unit might have breached online content rules....
May 16, 2024
Dance videos of Modi, rival turn up AI heat in India election
By Aditya Kalra, Munsif Vengattil and Shivangi Acharya NEW DELHI (Reuters) - An AI video shows an ecstatic Narendra Modi sporting a trendy jacket and trousers, grooving on a stage to a Bollywood song as the crowd cheers. The Indian prime minister ...
May 16, 2024
SoftBank Corp aims to help call centre workers by 'softening' angry customer calls with AI
TOKYO (Reuters) - Dealing with irate customers can be extremely stressful for call centre workers but Japan's SoftBank Corp thinks it has a solution: artificial intelligence-enabled software that softens the tone of customers' voices. The country's...
May 16, 2024
Microsoft asks hundreds of China-based staff to relocate amid U.S.-China tensions, WSJ reports
(Reuters) - Microsoft is asking about 700 to 800 people in its China-based cloud-computing and artificial-intelligence operations to consider transferring outside the country, the Wall Street Journal reported on Thursday. (Reporting by Kanjyik Gho...
May 16, 2024
Musk scheduled to visit Indonesia for Starlink launch, ministers says
JAKARTA (Reuters) - Tycoon Elon Musk, the owner of SpaceX, is scheduled to visit Indonesia to launch its satellite unit Starlink this Sunday, according to two cabinet ministers. Minister Luhut Pandjaitan, a close ally of President Joko Widodo, said...
May 16, 2024
TSMC says no damage to its Arizona facilities after incident
TAIPEI (Reuters) - Taiwanese chipmaker TSMC said on Thursday there was no damage to its facilities after an incident at its Arizona factory construction site where a waste disposal truck driver was transported to hospital. Firefighters responded to...
May 16, 2024
China's Nio aims to launch one new car model per year under Onvo brand
SHANGHAI (Reuters) - Chinese electric vehicle maker Nio said on Thursday it will launch one new car model per year under the Onvo brand and will have a second model targeting larger families coming up next. Nio executives were speaking a day after ...
May 16, 2024
Stability AI discusses sale amid cash crunch, The Information reports
(Reuters) - British artificial intelligence startup Stability AI held discussions with at least one potential buyer in recent weeks about a sale as it faces a cash crunch, The Information reported on Wednesday, citing a person involved in the talks...
May 16, 2024