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CNA Economy Full text
Oct 27 : Intel has agreed to acquire Israeli quantum computing software company Classiq for about $2.3 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.Classiq did not immediately respond to a Reuters…
CNA Economy Full text
BENGALURU, Oct 27 : High inflation will persist in the global economy well into next year, according to hundreds of economists polled by Reuters, who are now increasingly concerned that price pressures will become entrenched beyond rising…
CNA Economy Full text
Oct 27 : Apple on Tuesday unveiled a new 14-inch MacBook Pro and iMac powered by its latest M6 chip, touting faster performance for running AI tasks directly on the devices.Here are more details:• The 14-inch MacBook Pro starts at $1,999…
CNA Economy Full text
NEW YORK, Oct 27 : The crypto industry has spent roughly $176 million across more than 100 midterm races this election cycle, as part of a years-long plan to build a bipartisan coalition of allies in Congress that can advance its interests…
CNA Economy Full text
Oct 27 : Wall Street expects Amazon, Microsoft and Alphabet to report on Wednesday faster growth in their cloud businesses, but a turbulent market selloff and concerns over rising costs of AI financing are tempering optimism.Investors are…
CNA Economy Full text
Oct 27 : Toyota is recalling 228,367 vehicles in the US over seat backs that may fail to stay secured in a crash, the US National Highway Traffic Safety Administration said on Tuesday. Here are some more details:• The recall involves…
CNA Economy Full text
China's Unitree Robotics has urged investors to exercise caution over the commercial prospects of humanoid robots.
CNA Economy Full text
MADRID, Oct 26 : Spain on Monday unveiled a more flexible version of its proposed decree governing data centers after a wave of project announcements in the country, according to officials at the energy ministry.• The revised proposal…
CNA Economy Full text
LVMH, Hermes and Gucci owner Kering have reported disappointing results as a prolonged slowdown in China puts further pressure on the luxury industry.
CNA Economy Full text
Oct 26 : Applied Materials said on Monday it plans to raise its stake in Dutch company BE Semiconductor Industries (BESI) to about 20 per cent from 9 per cent, deepening a partnership focused on advanced chip-packaging technologies used in…
CNA Economy Full text
SAN FRANCISCO, Oct 26 : Days after launching its first folding iPhone, Apple acknowledged on Monday that some of the devices exhibit display problems and said it will replace them.Apple started shipping the iPhone Duo last week, with…
CNA Economy Full text
Oct 26 : Bank of America, Blackstone, Citi and Morgan Stanley will provide $63 billion in financing to buy Broadcom's AI chips and networking gear for Anthropic, in one of the largest debt deals tied to the AI buildout.Broadcom is…
CNA Economy Full text
Oct 26 : Bank of America, Blackstone, Citi and Morgan Stanley will provide $63 billion in financing to buy Broadcom's AI chips and networking gear for Anthropic, the companies said on Monday, in one of the largest debt deals tied to the AI…
CNA Economy Full text
Oct 26 : Skydance is offering some employees a one-time voluntary buyout, according to a memo seen by Reuters on Monday, as the media company looks to cut costs after scooping up bigger rival Warner Bros Discovery and assuming its massive…
CNA Economy Full text
Oct 26 : Canadian AI company Cohere said on Monday one of Alibaba's Qwen AI models tried to send data to an Alibaba Cloud storage server in Beijing during a security test.The model made the attempt even though its own reasoning indicated…
CNA Economy Full text
SAN FRANCISCO, Oct 26 : Unconventional AI, the US hardware startup that launched less than a year ago with a $4.5 billion valuation, said on Monday that it is buying Israeli chip startup NeuReality for an undisclosed sum in a…
CNA Economy Full text
SAN FRANCISCO, Oct 26 : Cadence Design Systems on Monday launched a portfolio of AI models tuned to help design computer chips, deepening its partnership with Nvidia and diverging from rival Synopsys's recent deal with OpenAI.Both…
CNA Economy Full text
Oct 26 : T-Mobile on Monday unveiled wireless plans that let customers pick and swap perks from Netflix to DoorDash, moving away from its traditional strategy of locking benefits into fixed plan tiers. The move mirrors customizable…
CNA Economy Full text
BRUSSELS, Oct 26 : The European Commission said on Monday it had accepted Chinese online retail platform Temu's action plan to remedy a breach of the EU's Digital Services Act, following a fine imposed on the company in May.The plan…
CNA Economy Full text
Oct 26 : Verizon raised its annual forecast for wireless subscriber additions on Monday betting on strong demand for its simplified plans and signed an AI infrastructure deal worth more than $2 billion with Amazon Web Services. For the…
CNA Economy Full text
SEOUL, Oct 26 : SK Hynix said it will announce shareholder return measures on Wednesday when the South Korean chipmaker releases quarterly results, responding to a report that it is considering a special dividend of about 16 trillion won…
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BEIJING, Oct 26 : Chinese artificial intelligence startup Moonshot AI apologised on Monday for rate limiting and unnecessary quota consumption after its Kimi K3.1 Pro launch.Here are some details: • Beijing-based Moonshot said on its Kimi…
CNA Economy Full text
SYDNEY, Oct 26 : Share markets got off to a cautious start on Monday as oil eased from six-month highs ahead of a week packed with central bank meetings and company earnings that will further test investor confidence in the AI boom.Brent…
CNA Economy Full text
Oct 25 : Anthropic's Claude bypassed a paywall and accessed publicly available US state of Georgia voter data without human authorization, Axios reported on Sunday. "In a training run, Claude accessed aggregate vote counts, pulling data…
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