SoftBank leads $1 billion funding for UK self-driving startup Wayve
By Nick Carey LONDON (Reuters) - British self-driving technology startup Wayve said on Tuesday it has raised $1.05 billion in a funding round led by SoftBank Group to accelerate the development and launch in production-model vehicles of its Embodie...
6h ago
Palantir raises 2024 forecast on robust AI demand
By Arsheeya Bajwa (Reuters) - Data analytics firm Palantir Technologies raised its annual revenue and profit forecast and beat first-quarter sales estimates on Monday, riding on strong demand for its services that help businesses deploy artificial...
8h ago
Axon raises full-year revenue forecast on strong demand for its software products
(Reuters) - Axon Enterprise raised its full-year core profit and revenue forecast Monday, banking on strong demand for its software products and recently launched TASER 10 policing device. The company now expects full-year 2024 revenue to be betwee...
8h ago
Lucid forecasts higher capital spend, sticks to production forecast; shares fall
(Reuters) -Lucid Group forecast higher capital expenditure this year and reiterated an annual production forecast below Wall Street targets on Monday, sending its shares down about 7% in extended trading. The company said it expects capital expenditur...
10h ago
Video streaming services see downloads, active users drop in April, BofA report shows
(Reuters) - Video streaming services saw a drop in downloads and active users during April, a research note by Bank of America showed on Monday, citing data from Sensor Tower, likely pressured by heated competition in the segment and an uncertain e...
13h ago
Microsoft readies new AI model to compete with Google, OpenAI, The Information reports
(Reuters) - Microsoft is training a new, in-house AI language model large enough to compete with those from Alphabet's Google and OpenAI, the Information reported on Monday. The new model, internally referred to as MAI-1, is being overseen by recen...
16h ago
Synopsys to sell software unit to Clearlake, Francisco in $2.1 billion deal
(Reuters) -Synopsys will sell its software integrity (SIG) unit to a private equity consortium led by Clearlake Capital and Francisco Partners in a deal valued at $2.1 billion, the chip designer said on Monday. Reuters reported last week that the priva...
16h ago
Robinhood Crypto gets Wells notice from US SEC
(Reuters) - Retail trading platform Robinhood Markets said on Monday its cryptocurrency trading arm received a Wells notice from the U.S. Securities and Exchange Commission (SEC) on May 4. Robinhood's shares fell 2.5% before the bell. A Wells notic...
16h ago
Trump Media dismisses auditor BF Borgers amid SEC fraud charges
(Reuters) - Former U.S. President Donald Trump's media and technology company said it had replaced its auditor, BF Borgers, after the U.S. Securities and Exchange Commission (SEC) charged the accounting firm with "massive fraud" on Friday. Trump Me...
17h ago
Grayscale Bitcoin Trust's shares jump after first inflow since January
(Reuters) - Shares of Grayscale Bitcoin Trust jumped 5% in premarket trading on Monday after the exchange-traded fund (ETF) that tracks the price of bitcoin saw its first day of inflow since January. The move marks a major milestone for GBTC, which...
19h ago
SAP extends CEO Klein's contract until 2028
BERLIN (Reuters) - SAP has prolonged CEO Christian Klein's contract for a further three years, extending it to the end of 2028, the German software company announced on Monday. In addition, Klein was named chairman of the executive board after prev...
20h ago
Olympics-Paris 2024 gearing up to face unprecedented cybersecurity threat
By Julien Pretot PARIS (Reuters) - Paris 2024 is getting ready to face an unprecedented challenge in terms of cybersecurity, with organisers expecting a huge pressure on the Games this summer. Organised crime, activists and states will be the main ...
21h ago
Ailing French IT firm Atos says it received four restructuring offers
PARIS (Reuters) -Debt-laden French IT company Atos on Monday confirmed it had received four distinct offers from investors to restructure its debt and inject cash into the business, adding it would decide which one to pursue by the end of the month. Th...
May 06, 2024
Foxconn reiterates Q2 revenue to grow, posts record April sales
TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April.Fox...
May 05, 2024
Atos creditors reach deal to rescue debt-laden group, La Tribune says
PARIS (Reuters) - Creditors have reached an agreement that could rescue tech firm Atos, which secures communications for the French army and is set to manage cybersecurity for this summer's Paris Olympic Games, La Tribune newspaper reported on Satu...
May 04, 2024
Russian suspected cybercrime kingpin pleads guilty in US, TASS reports
MOSCOW (Reuters) - Alexander Vinnik, a Russian suspected cybercrime kingpin who was arrested in Greece in 2017, convicted of money laundering in France three years later and is now awaiting trial in California, has pleaded partially guilty, TASS ne...
May 04, 2024
Luminar to cut nearly 20% jobs as part of restructuring
(Reuters) - Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year. As of December last year, the company had nearly 80...
May 03, 2024
Stablecoin Tether steps up monitoring in bid to combat illicit finance
By Elizabeth Howcroft LONDON (Reuters) - The world's largest stablecoin, Tether, has stepped up monitoring of how its tokens are used in broader crypto markets and payments in a bid to combat illicit finance, Tether said in a statement on Thursday....
May 03, 2024
Exclusive-Stanford AI leader Fei-Fei Li building 'spatial intelligence' startup
By Katie Paul, Anna Tong and Krystal Hu NEW YORK/SAN FRANCISCO (Reuters) - Prominent computer scientist Fei-Fei Li is building a startup that uses human-like processing of visual data to make artificial intelligence (AI) capable of advanced reasoni...
May 03, 2024
Tech platforms make pitch for ad deals as TikTok is roiled by politics
By Sheila Dang (Reuters) - Short-form video took center stage at tech and social media companies' annual presentations to advertisers, as platforms like Snap and Meta look to capitalize on TikTok's political uncertainty in the U.S. to take ad dolla...
May 03, 2024
Google faces second day of closing arguments in US antitrust trial
By Mike Scarcella WASHINGTON (Reuters) - The U.S. government will lay out its antitrust case against Alphabet's Google on Friday in a second day of closing arguments focused on accusations that the online search leader broke the law to stay on top ...
May 03, 2024
Intesa targets new digital-only clients after antritrust blow
By Valentina Za MILAN (Reuters) - Italy's biggest bank Intesa Sanpaolo on Friday said it had acquired some 90,000 new customers through its digital-only arm Isybank, after an antitrust decision effectively halted the migration of existing clients. ...
May 03, 2024
Expedia shares fall as Vrbo weakness weighs on revenue forecast
(Reuters) - Expedia shares sank about 9% in premarket trading on Friday, after the online booking firm cut its annual forecast for revenue growth due to weakness at its vacation rentals brand Vrbo. The company, which is known for its three brands E...
May 03, 2024
Russian cyber attacks targeted defence, aerospace sectors, Berlin says
BERLIN (Reuters) - A series of cyber attacks attributable to the Russian military intelligence service GRU targeted Germany's governing Social Democrats as well as the country's logistics, defence, aerospace and IT sectors, the interior ministry sa...
May 03, 2024
Sony and Apollo submit $26 billion Paramount offer, WSJ reports
(Reuters) - Sony Pictures Entertainment (SPE) and Apollo Global Management have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported. The two companies submitted the non-binding offer letter on Wednesday, signed by S...
May 03, 2024