US weighs letting UAE buy over a million advanced Nvidia chips, Bloomberg News reports
(Reuters) – The Trump administration is weighing a deal that would allow the UAE to import more than a million…
Category: Business
Intel has limited customer commitments for latest chip manufacturing tech, CFO says
(Reuters) -The volume of processors Intel is set to produce for external customers using its upcoming manufacturing technology is currently…
Digital banking startup Chime files for US IPO, reveals rise in revenue
(Reuters) -Digital banking fintech firm Chime revealed on Tuesday that its revenue surged in 2024 after making public its filing…
Amazon strikes new partnership with FedEx after UPS pullback
(Corrects to remove reference to Amazon in paragraph 6) (Reuters) -Amazon said on Monday it has struck a new partnership…
OpenAI negotiates with Microsoft for new funding and future IPO, FT reports
(Reuters) -OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the…
Texas secures $1.38 billion settlement with Google over data privacy
(Reuters) -Google has agreed to pay $1.375 billion in a settlement in principle reached with the state of Texas over…
Wolfspeed shares sink on going-concern fears, slowing EV sales hit annual revenue forecast
(Reuters) -Chipmaker Wolfspeed’s shares fell 23% on Friday after it raised going-concern doubts and forecast weaker-than-expected annual revenue as it…
Bain Capital to buy PCI Pharma at $10 billion valuation, Bloomberg News reports
(Reuters) -Bain Capital is in talks to buy contract drug manufacturer PCI Pharma Services at a valuation of $10 billion,…
Nippon Steel exec headed to Washington next week in push for US Steel deal, source says
(Reuters) -Nippon Steel Vice Chairman Takahiro Mori is headed to Washington next week as the company seeks to win approval…
Netflix to revamp TV app interface, launch AI-powered search for iOS users
(Reuters) -Netflix said on Wednesday it plans to revamp its TV app interface and introduce generative AI to the iOS…