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Tag Archives: Reuters
Sam Bankman-Fried convicted of multi-billion-dollar FTX fraud
Reuters was first to report that FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former … Continue reading
Nvidia to make Arm-based PC chips in major new challenge to Intel
Reuters exclusively reported Nvidia’s plans to develop PC chips using Arm technology that run Microsoft Windows as early as 2025. The report of the AI giant’s plans to take on Intel in the PC market after seizing control of the … Continue reading
TSMC tells vendors to delay chip equipment deliveries
Reuters exclusively reported that Taiwan’s TSMC (2330.TW) has told its major suppliers to delay the delivery of high-end chipmaking equipment, as the world’s top contract chipmaker grows increasingly nervous about customer demand. The post TSMC tells vendors to delay chip … Continue reading
How SoftBank played it safe in pricing Arm’s IPO
Reuters was first to report that SoftBank Group (9984.T) CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in New York to make a final decision about his company’s most valuable asset: … Continue reading
India’s Reliance Retail in $1.5 billion Gulf, Singapore funds talks
Reuters exclusively reported that India’s Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion. The post India’s Reliance Retail in $1.5 … Continue reading
US raises concerns by Micron, Intel with China as export control meeting set to launch
Reuters was first to report U.S. Commerce Secretary Gina Raimondo discussed concerns about restrictions on chipmakers Intel and Micron with Chinese Commerce Minister Wang Wentao in Beijing on Monday. The pair also discussed China’s restrictions on gallium and germanium exports … Continue reading
Disney creates task force to explore AI and cut costs
Reuters was first to report Disney’s plans to create an internal task force to exploit artificial intelligence technology to cut costs and develop new products even as it battles labor unions who are trying to limit the use of the … Continue reading
Amazon in talks to become anchor investor in Arm ahead of IPO
Reuters was first to report that Amazon.com is in talks to join other technology companies as a cornerstone investor in SoftBank Group Corp’s Arm Ltd ahead of its initial public offering (IPO). Amazon’s potential involvement in the IPO, which had … Continue reading
BYD tells India partner it wants to drop $1 billion EV investment plan
Reuters exclusively reported that China’s BYD (002594.SZ) has told its India joint-venture partner it would shelve plans for a new $1-billion investment to build electric cars after its investment proposal faced scrutiny from New Delhi. The post BYD tells India … Continue reading
Amazon has drawn thousands to try its AI service competing with Microsoft, Google
Reuters exclusively reported that Amazon.com’s (AMZN.O) cloud division has drawn thousands of customers to try out its service vying with Microsoft (MSFT.O) and Google (GOOGL.O) in a key area of artificial intelligence. The post Amazon has drawn thousands to try … Continue reading