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CNA Economy Full text
LOS ANGELES, Oct 20 : Netflix issued weaker-than-expected guidance for fourth-quarter profit and cut its full-year advertising forecast on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of…
CNA Economy Full text
LOS ANGELES, Oct 20 : Netflix issued weaker-than-expected guidance for fourth-quarter profit and cut its full-year advertising forecast on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of…
CNA Economy Full text
LOS ANGELES, Oct 20 : Netflix issued a weaker-than-expected forecast for fourth-quarter profit on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of its top programming…
CNA Economy Full text
Oct 20 : AI startup Anthropic recorded a net loss of more than $80 billion in the first half of this year, including $72 billion in accounting charges, the Wall Street Journal reported on Tuesday, citing a draft initial public offering…
CNA Economy Full text
Oct 20 : At least 35 data center-related applications covering more than 24,000 acres of US federal land are pending or active across six Western states, according to an analysis by conservation group Center for Western Priorities.• US…
CNA Economy Full text
Oct 20 : SpaceX shareholders want to know when the rocket maker will merge with Tesla, bringing together two of Elon Musk's biggest companies in a union that investors have long speculated about."When will SpaceX merge with Tesla?" was the…
CNA Economy Full text
Oct 20 : German financial regulator Bafin said on Tuesday it had fined Japanese investment firm Nomura Holdings €320,000 ($359,000) for failing to disclose voting rights in Commerzbank as UniCredit built its stake in the German lender.•…
CNA Economy Full text
BRASILIA, Oct 20 : Meta Platforms, owner of Facebook, Instagram and WhatsApp, told Brazil's Superior Electoral Court on Tuesday that it has adopted measures to ensure equal treatment of President Luiz Inacio Lula da Silva's and Senator…
CNA Economy Full text
Oct 20 : Meta Platforms' chief global affairs officer Joel Kaplan will leave the company next year after 15 years there, a spokesperson told Reuters on Tuesday.President and Vice Chairman Dina Powell McCormick will add external affairs to…
CNA Economy Full text
Oct 20 : Artificial intelligence startup ASI said on Tuesday it had raised $325 million in a funding round valuing the company at $3 billion, amid growing investor appetite for AI software used in real-world applications.Here are more…
CNA Economy Full text
Oct 20 : It was a difficult, almost incomprehensible, feat. A band of seafarers from Easter Island in the South Pacific set off in double-hulled sailing canoes on a voyage across Earth's largest ocean that ended more than 4,400 miles…
CNA Economy Full text
Oct 20 : Apple said on Tuesday it has committed to purchasing up to $100 million of titanium over three years from a Pennsylvania-based company as part of the iPhone maker's push to expand manufacturing in the United States.The purchase…
CNA Economy Full text
LONDON, Oct 20 : The euro steadied on Tuesday as unrest in France eased overnight, though higher bond yields capped gains, and the pound rose after British jobs data showed signs of a recovery in the labour market.The yen also jumped…
CNA Economy Full text
TOKYO, Oct 20 : The Bank of Japan may raise its inflation outlook for the next fiscal year in forecasts due this month, as rising oil prices exert longer-than-expected price pressures on the economy, four sources familiar with the central…
CNA Economy Full text
ZURICH, Oct 20 : ABB said on Tuesday a boom in spending on data centres used to power artificial intelligence helped push its quarterly orders to a record, as the Swiss engineering group announced a $495 million investment to expand in…
CNA Economy Full text
Oct 20 : French cloud operator OVHcloud reported its first positive levered free cash flow since its 2021 listing on Tuesday, as its revenue grew 7.2 per cent to €1.15 billion ($1.29 billion) in the financial year through August.The…
CNA Economy Full text
Mynt, the operator of mobile wallet GCash, raised about US$966.99 million after selling over 8 billion shares.
CNA Economy Full text
NEW YORK, Oct 19 : OpenAI is racing to secure investor commitments before rival Anthropic's expected public market debut in mid-November, in an unusually fast fundraising that could value the ChatGPT maker at over $1.4 trillion, according…
CNA Economy Full text
Oct 19 : Industrial conglomerate 3M said on Monday it was expanding its commercial relationship with Amazon and had issued a warrant to an Amazon subsidiary, allowing it the right to buy 3M common stock worth over $521 million.Shares of 3M…
CNA Economy Full text
Oct 19 : Former Google CEO Eric Schmidt owns about 1 per cent of Anthropic, positioning him for one of the largest individual windfalls when the AI startup goes public, Bloomberg News reported on Monday.• Schmidt invested tens of millions…
CNA Economy Full text
MINAMITANE, Japan, Oct 20 : Japan launched an uncrewed spacecraft toward the Martian moon Phobos on Tuesday on a mission intended to become the first to collect samples from the small rocky body and return them to Earth for analysis.The…
CNA Economy Full text
BERLIN/FRANKFURT, Oct 19 : Chancellor Friedrich Merz appealed to Germany's businesses to embrace artificial intelligence at an industry summit in Berlin on Monday that was meant to attract investment, including an expected deal with US…
CNA Economy Full text
Oct 19 : Nscale is in talks to sell AI computing power to Claude maker Anthropic in a new deal that could be worth about $45 billion, a person familiar with the matter told Reuters on Monday.The data center developer is seeking another…
CNA Economy Full text
Oct 19 : Nscale is in talks to sell computing power to AI lab Anthropic in a deal that could be worth about $45 billion, Bloomberg News reported on Monday, citing people familiar with the negotiations.The Nvidia-backed AI cloud computing…
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