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Trump administration scraps Biden-era plan to limit sale of Americans' personal data
Published: May 14, 2025 22:03
The U.S. Consumer Financial Protection Bureau is scrapping a proposal issued under former President Joe Biden that would have sharply limited the sale of Americans' private information by data brokers, according to a Federal Register notice issued…
Exclusive: Amazon trims jobs in devices and services unit
https://www.reuters.com/business/world-at-work/amazon-trims-jobs-devices-services-unit-2025-05-14/
Published: May 14, 2025 21:37
Amazon on Wednesday cut about 100 jobs in its devices and services unit, the group overseeing development of such diverse products as the Kindle, Echo speakers, Alexa voice assistant and Zoox self-driving cars.
US close to letting UAE import millions of Nvidia's AI chips, sources say
Published: May 14, 2025 20:48
The U.S. has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia's most advanced AI chips per year, starting in 2025, two sources familiar with the situation said, boosting the Emirates' construction of data…
Cisco lifts annual forecast on AI boost, names insider Patterson as new CFO
https://www.reuters.com/business/cisco-raises-full-year-results-forecast-shares-rise-2025-05-14/
Published: May 14, 2025 20:15
Cisco Systems said on Wednesday that its finance chief Scott Herren will retire from the company in July, and raised its annual results forecast, betting on steady demand from cloud customers for its networking equipment, driven by the artificial…
Nvidia-backed CoreWeave to spend up to $23 billion this year to tap AI demand boom
Published: May 14, 2025 20:13
CoreWeave is looking to spend $20 billion to $23 billion this year on AI infrastructure and data center capacity, the Nvidia-backed company said on Wednesday, as it aims to meet the booming demand from clients, including Microsoft.
Uber and iFood announce strategic partnership in Brazil
https://www.reuters.com/world/china/uber-ifood-announce-strategic-partnership-brazil-2025-05-14/
Published: May 14, 2025 19:15
Uber Technologies Inc and iFood, a Brazilian food delivery app, on Wednesday announced a strategic partnership in Brazil, where delivery and ride-hailing services have grown rapidly in recent years.
Aeva sells 6% stake and inks manufacturing deal, shares rise
Published: May 14, 2025 18:53
Aeva Technologies , a firm founded by former Apple engineers that makes sensors used in factories and self-driving vehicles, on Wednesday said it had sold a 6% stake for $50 million to an unnamed strategic partner that will also handle some of its…
Netflix says ad-supported service has 94 million subscribers
Published: May 14, 2025 18:44
Netflix said on Wednesday 94 million subscribers use its advertising-supported tier, up from 70 million in November, as the video-streaming giant's lower-priced plan sees strong support amid global economic uncertainty.
Exclusive: Microsoft's Office-Teams offer will likely stave off EU antitrust fine, sources say
Published: May 14, 2025 17:47
Microsoft is set to stave off a possible hefty antitrust fine as EU regulators are likely to accept an offer on its Office and Teams products, three people familiar with the matter said on Wednesday, amid tensions with the United States over the EU's…
Retailers urge European Commission to crack down on Visa, Mastercard
Published: May 14, 2025 17:32
Europe's largest retailers and online retail companies have urged the European Commission to rein in allegedly high fees charged by Visa and Mastercard , saying they hurt the bloc's competitiveness and hamper rivals.
Exclusive: Legal startup Harvey AI in talks to raise funding at $5 billion valuation
Published: May 14, 2025 16:47
Harvey AI, a fast-growing legal startup, is in advanced talks to raise over $250 million in a new round of funding at a valuation of $5 billion, sources familiar with the matter told Reuters.
Perplexity, PayPal partner to provide easy payment checkouts to users
Published: May 14, 2025 16:38
Perplexity AI said on Wednesday it had partnered with payments firm PayPal to enable direct purchases within its chat interface.
Google says hackers that hit UK retailers now targeting American stores
Published: May 14, 2025 16:36
Alphabet's Google said on Wednesday hackers responsible for paralyzing disruptions of UK retailers are turning their attention to similar companies in the United States.
France's Ubisoft full-year net bookings fall 20.5%
https://www.reuters.com/technology/frances-ubisoft-full-year-net-bookings-fall-205-2025-05-14/
Published: May 14, 2025 15:55
France's largest video game maker Ubisoft on Wednesday posted a 20.5% fall in full-year net bookings to 1.85 billion euros ($2.07 billion) due to delayed releases and the underperformance of some of its leading titles.
Uber bets on affordability with shared fixed-route rides, expanded passes
Published: May 14, 2025 14:41
Uber Technologies on Wednesday unveiled a range of new offerings such as shared fixed-route rides and expanded membership passes, targeting consumers seeking cost-effective ways to travel.
AI chipmaker AMD unveils $6 billion buyback plan
https://www.reuters.com/business/amd-announces-new-6-billion-share-buyback-plan-2025-05-14/
Published: May 14, 2025 13:09
Advanced Micro Devices on Wednesday announced a new $6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the AI trade that has powered their shares shows some signs of slowing.
Databricks continues M&A spree, will buy Neon for $1 billion in AI-agent push
https://www.reuters.com/technology/databricks-buy-startup-neon-1-billion-wsj-reports-2025-05-14/
Published: May 14, 2025 09:48
Databricks said on Wednesday it would buy database startup Neon in its latest deal valued at about $1 billion, aiming to strengthen its analytics platform with technology that can help businesses develop and use artificial intelligence agents more easily.
Exclusive: Tesla to resume shipping Chinese parts for Cybercab and Semi production in the US
Published: May 14, 2025 05:09
Tesla plans to start shipping components from China to the U.S. for the production of Cybercab and Semi trucks from the end of this month, after the U.S. and China reached a truce over tariffs, said a person with direct knowledge.
Sony forecasts flat profit this year as tariffs hit
Published: May 14, 2025 03:09
Sony said on Wednesday it expects operating profit to rise 0.3% to 1.28 trillion yen ($8.7 billion) in the financial year ending in March, after factoring in a 100 billion yen hit from U.S. President Donald Trump's trade war.
Nvidia supplier Foxconn cuts outlook due to currency appreciation
Published: May 13, 2025 22:05
Taiwan's Foxconn , the world's largest contract electronics maker, downgraded its full-year outlook on Wednesday citing recent appreciation of the Taiwan dollar, even as it struck an upbeat note about booming demand for AI servers.