Articles from www.reuters.com

Articles from www.reuters.com

Sources: Tencent, Alibaba, ByteDance, and other Chinese companies are ramping up orders for Nvidia's H20 AI chip due to booming demand for DeepSeek's models (www.reuters.com)
2025-2-25 China Alibaba AI Tencent Nvidia

Nasscom expects India's tech sector revenue to grow 5.1% to $282.6B in fiscal 2025, up from 4% growth in 2024, with software exports set to rise 4.6% to $224.4B (www.reuters.com)
2025-2-25 India

CoinGecko: crypto trading volume on India's four largest exchanges more than doubled QoQ to $1.9B in Q4 2024, as many young Indians trade to supplement income (www.reuters.com)
2025-2-25 India 4Q

DoorDash agrees to pay $16.75M to settle a lawsuit by NY's AG accusing it of pocketing customers' tips for delivery drivers between May 2017 and September 2019 (www.reuters.com)
2025-2-25

Zoom Q4: revenue $1.18B, up 3.3% YoY, Enterprise revenue of $706.8M, up 5.9%, net income of $367.9M, up from $298.8M, revenue forecast slightly under estimates (www.reuters.com)
2025-2-25 4Q

Dutch company Bird, which offers tools for enterprises to reach customers over SMS, WhatsApp, and more, says it's exiting the EU, blaming onerous AI regulations (www.reuters.com)
2025-2-25 AI WhatsApp Netherlands

President Trump signs a memorandum to consider retaliatory measures, including tariffs, on countries that impose digital service taxes on US tech companies (www.reuters.com)
2025-2-22 Trump Tax

Sources: US negotiators pressing Ukraine for access to its minerals raised the possibility of cutting the country's access to Starlink if a deal is not reached (www.reuters.com)
2025-2-22 Ukraine

Brazilian Supreme Court Justice Alexandre de Moraes orders the immediate and full suspension of Rumble in the country due to noncompliance with court orders (www.reuters.com)
2025-2-22 Brazil

Sources: EU antitrust regulators are set to charge Google for breaching the DMA after proposed changes to its search results failed to address concerns (www.reuters.com)
2025-2-22 Google

Source: AI search engine startup Genspark raised a $100M Series A at a $530M valuation and currently has over 2M MAUs; it raised a $60M seed in June 2024 (www.reuters.com)
2025-2-22 Startup AI

Chinese state media: Huawei founder Ren Zhengfei told Xi Jinping at a meeting that concerns about China lacking homegrown chips or operating systems had eased (www.reuters.com)
2025-2-21 China

The European Commission approves €920M in German state aid to Infineon to build a new chip plant in Dresden, set to reach full capacity in 2031 (www.reuters.com)
2025-2-21 Germany Europe

Sources: Google is close to deciding on locations in India for its first physical retail stores outside the US; the company currently has five stores (www.reuters.com)
2025-2-20 India Google Retail

Russian search and ad giant Yandex reports 2024 revenue up 37% YoY to a record ~$12.3B and expects 2025 revenue up 30%+, after splitting from Nebius Group (www.reuters.com)
2025-2-20 Russia

AheadComputing, a startup co-founded by former Intel execs and engineers that aims to build RISC-V chip technology, raised a $21.5 seed led by Eclipse Ventures (www.reuters.com)
2025-2-20 Intel Startup

Lambda, which offers cloud services and computers to train AI, raised a $480M Series D, sources say at a $2.5B valuation, taking its total funding to $863M (www.reuters.com)
2025-2-20 AI

Court documents: Nigeria sues Binance to reclaim $79.5B in alleged economic losses it says were caused by its operations in the country and $2B in back taxes (www.reuters.com)
2025-2-20 Tax Nigeria

UK CMA submission: Apple says some of the CMA's mobile browser remedies will slow innovation and it would “not be appropriate” to mandate WebKit and iOS access (www.reuters.com)
2025-2-19 IOS Mobile Apple Browser

Google agrees to pay €326M to settle an Italian tax case from 2015 to 2019, covering sanctions, penalties, and interest; Milan prosecutors plan to drop the case (www.reuters.com)
2025-2-19 Italy Google Tax

Hexaware Technologies' stock rose as much as 10% on its trading debut, valuing the company at ~$5.44B, after the IT services firm raised $1B in its Indian IPO (www.reuters.com)
2025-2-19 India IPO

President Trump said tariffs on semiconductors would start at “25% or higher” and that he planned to provide some time for chip makers to set up US factories (www.reuters.com)
2025-2-19 Trump

Bumble reports Q4 revenue down 4.4% YoY to $261.6M, Bumble app paying users up 5% to 2.8M, and forecasts Q1 revenue below estimates; BMBL drops 13%+ after hours (www.reuters.com)
2025-2-19 4Q

Bain Capital says it will not launch a tender offer for Fuji Soft, after KKR raised its offer earlier this month for the Japanese IT company, valued at over $4B (www.reuters.com)
2025-2-18 Japan

South Korea's data protection authority says new app downloads of DeepSeek have been suspended in the country after DeepSeek failed to follow its privacy rules (www.reuters.com)
2025-2-17 Korea

Tencent is testing DeepSeek for search in its messaging app Weixin, while Baidu plans to fully connect its search engine to DeepSeek and its own LLM Ernie (www.reuters.com)
2025-2-17 Tencent

Filing: Nvidia cut its Arm stake by 43.8% to 1.1M shares in Q4, valuing its remaining stake at ~$181M as of Feb. 13, and discloses a position in China's WeRide (www.reuters.com)
2025-2-15 China 4Q Nvidia

Sources: China's President Xi will chair a symposium on February 17 to boost private sector sentiment, with Tencent CEO Pony Ma and other tech execs attending (www.reuters.com)
2025-2-15 China Tencent

Sources: the White House plans to renegotiate some Chips Act awards after reassessing requirements, and has signaled delays to some upcoming disbursements (www.reuters.com)
2025-2-14

Baidu says it plans to make its next-generation AI model, Ernie 4.5, open-source starting June 30, marking a major shift in strategy as competition heats up (www.reuters.com)
2025-2-14 AI

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