Articles from www.reuters.com

Articles from www.reuters.com

Advent International agrees to acquire and take private Nasdaq-listed Sapiens International, an Israel-based insurance software company, for $2.5B in cash (www.reuters.com)
8 days ago Israel Insurance

Elon Musk alleges Apple is violating antitrust laws by “making it impossible” for any AI firm but OpenAI to top its App Store, says xAI will take legal action (www.reuters.com)
9 days ago AI Apple Elon Musk

Paxos applies to create a US national trust bank, which would allow it to manage and hold assets for customers, following applications by Circle and Ripple (www.reuters.com)
9 days ago Asset

A UK judge dismisses Wikimedia's Online Safety Act challenge over requiring Wikipedia to verify users and contributors, but says it can file further challenges (www.reuters.com)
10 days ago

UK retailer M&S resumes click and collect services after a cyberattack on April 22, set to cost it ~£300M; M&S restarted online delivery orders on June 10 (www.reuters.com)
10 days ago

Rumble says it plans to acquire German AI cloud group Northern Data in an all-stock deal; estimates show the deal could be valued at $1.17B (www.reuters.com)
10 days ago Germany AI

Sources: SoftBank has selected banks for a potential US IPO of its payments app operator PayPay, which may raise over $2B and could take place as soon as Q4 (www.reuters.com)
10 days ago IPO 4Q

Coding bootcamps, a Silicon Valley mainstay for over a decade, are facing decline as AI eliminates the kind of entry-level roles for which they trained people (www.reuters.com)
11 days ago AI

Experts say TCS' decision to cut 12K jobs signals the start of an AI-fueled trend that could eliminate ~500K jobs in India's $283B IT sector within three years (www.reuters.com)
12 days ago India AI

Ripple and the SEC agree to dismiss their court appeals, ending a lawsuit but leaving a judge's injunction on XRP sales to institutions and a $125M fine intact (www.reuters.com)
13 days ago XRP

SMIC reports Q2 revenue up 16.2% YoY to $2.2B, in line with expectations, and profit down 19.5% YoY to $132.5M, below $183.35M est. (www.reuters.com)
14 days ago

Ripple plans to acquire stablecoin payments platform Rail for $200M, set to close in Q4 2025; Rail says it handles 10% of all global stablecoin payment activity (www.reuters.com)
14 days ago 4Q

State Department cable: Marco Rubio orders diplomats in Europe to lobby against the DSA, arguing it imposes free speech restrictions and high compliance costs (www.reuters.com)
14 days ago Europe

Sen. Tom cotton sends a letter to Intel's board chair with questions about CEO Lip-Bu Tan's ties to China and subpoenas during his tenure as Cadence Design CEO (www.reuters.com)
14 days ago China Intel

South Korea's top trade envoy Yeo Han-koo says Samsung and SK Hynix will not be subject to 100% tariffs on US chip imports, citing the US-South Korea trade deal (www.reuters.com)
14 days ago Korea Samsung

Taiwan's chip sector is cultivating overseas talent with summer camps and university courses to address a shortage of skilled professionals and production staff (www.reuters.com)
14 days ago Taiwan

A term sheet shows Ant will sell its remaining 5.84% Paytm stake via block deals that could total ~$433.72M; Ant sold a 4% stake in May and 10.3% in August 2023 (www.reuters.com)
14 days ago

Sources: Intel's 18A process yield has remained low, with only ~5% of its Panther Lake chips meeting its specifications in late 2024 and ~10% by summer 2025 (www.reuters.com)
14 days ago Intel

Cisco Talos finds a flaw in the Broadcom BCM5820X chip used in Dell's ControlVault security firmware, affecting 100+ laptop models; Dell issued patches in 2025 (www.reuters.com)
14 days ago Cisco

The US DOJ says two Chinese nationals were arrested in California and charged with illegally shipping AI chips, like Nvidia H100s, to China from 2022 to 2025 (www.reuters.com)
14 days ago China AI Nvidia California

Linda Yaccarino is named CEO of digital health platform eMed Population Health, less than a month after she stepped down as CEO of X (www.reuters.com)
14 days ago

AMD reports Q2 data center revenue up 14% YoY to $3.2B, as CEO Lisa Su says AI chip revenue fell YoY due to the US' China export curbs and the MI350 transition (www.reuters.com)
14 days ago China AI AMD

Latin American e-commerce giant MercadoLibre reports Q2 net revenue up 34% YoY to $6.8B, vs. $6.7B est., and net income down 1.5% YoY to $523M, vs. $596M est. (www.reuters.com)
14 days ago U.S. Latin America

Court filings: Indian agencies ordered X to remove ~1,400 posts or accounts from March 2024 to June 2025, as X and Modi's government clash over content rules (www.reuters.com)
14 days ago India

Shopify reports Q2 revenue up 31% YoY to $2.68B, above $2.55B est., GMV up 31% YoY to $87.84B, and forecasts Q3 revenue above estimates; SHOP closes up 22% (www.reuters.com)
14 days ago Shopify

Sources: Singapore-based used car online marketplace Carro is preparing for a US IPO as soon as 2026, aiming to raise up to $500M at a $3B+ valuation (www.reuters.com)
14 days ago IPO Singapore

Bumble reports Q2 revenue down 8% YoY to $248.2M, vs. $245.1M est., a $367M net loss, and total paying users down 8.7% YoY to 3.8M; BMBL falls 9%+ after hours (www.reuters.com)
14 days ago

Duolingo reports Q2 revenue up 41% YoY to $252.3M, above $240.7M est., raises FY 2025 revenue forecast to $1.01B-$1.02B, above est.; DUOL jumps 14%+ after hours (www.reuters.com)
14 days ago

Rillet, which is building AI ledger software to automate accounting tasks, raised a $70M Series B co-led by a16z and Iconiq, a source says at a ~$500M valuation (www.reuters.com)
14 days ago

The NHTSA certifies Amazon's Zoox self-driving vehicles for demonstration use and closes a probe from 2022 into whether they complied with federal requirements (www.reuters.com)
14 days ago

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