Articles from www.reuters.com

Articles from www.reuters.com

Filing: a Chinese company says a fund in which its unit invested paid ~$420M for an indirect 0.8265% stake in DeepSeek, implying DeepSeek is valued at ~$52B (www.reuters.com)
7 days ago China

China, Russia, Brazil, and 26 other countries sign an agreement to establish the World AI Cooperation Organization in Shanghai (www.reuters.com)
7 days ago Russia China AI Brazil Shanghai

Ocado stock drops 14%, hitting a 13-year low, after it failed to show tangible progress in talks to secure new US partners for its warehouse automation tech (www.reuters.com)
7 days ago

xAI sues a South Carolina man for allegedly using Grok to generate CSAM, in one of the first cases of its kind brought by an AI company against one of its users (www.reuters.com)
7 days ago AI

Data center company Csquare raises $1.05B in its US IPO, selling 50M shares at $21 each, below its marketed range of $23 to $27, valuing the company at ~$3.25B (www.reuters.com)
7 days ago IPO

Hyundai says it would make Boston Dynamics a wholly owned subsidiary by acquiring SoftBank's ~10% stake; Hyundai bought an 80% stake in Boston Dynamics in 2021 (www.reuters.com)
7 days ago Boston Dynamics

AWS SVP Dave Brown is leaving after 19 years for a new job; he led compute and machine learning services and is a member of the S-team advising Andy Jassy (www.reuters.com)
8 days ago Machine Learning

China's cyberspace regulator says Apple Intelligence has been registered for use on iPhones in the country; Alibaba says the service will use its Qwen model (www.reuters.com)
8 days ago China Alibaba Apple Intelligence

ASML says Intel has decided to use ASML's next-gen High NA EUV machines to make some of its flagship Panther Lake laptop chips; a High NA machine costs ~$400M (www.reuters.com)
8 days ago Intel

Sources: Stripe and PE firm Advent International have jointly offered $60.50/share to acquire PayPal, a 28% premium to Tuesday's close, valuing it at $53B+ (www.reuters.com)
8 days ago

Sources: CoreWeave is exploring the use of financial derivatives as a potential hedge against a future drop in memory and storage chip prices (www.reuters.com)
8 days ago

The UK government proposes a default overnight social media curfew for 16- and 17-year-olds and disabling features like auto-play and infinite scroll by default (www.reuters.com)
9 days ago

A US judge dismisses a proposed class action accusing Apple of failing to stop the dissemination of CSAM through iCloud, saying Section 230 shields the company (www.reuters.com)
9 days ago Apple

AI startup Reflection says it has signed a $1B+ deal to secure computing capacity from Nebius, including access to Nvidia chips, following a deal with SpaceX (www.reuters.com)
9 days ago Startup AI Nvidia SpaceX

Flex, which offers AI-based payment tools, credit, and more to mid-sized companies, raised a $70M Series B1 led by Halo Fund, a source says at a $1.2B valuation (www.reuters.com)
9 days ago AI

Analysis: xAI has installed far more gas turbines without permits at Colossus 2 than it has publicly acknowledged, impacting Black neighborhoods the hardest (www.reuters.com)
9 days ago

The European Commission approves €659M in German state aid to support four first-of-a-kind chip facilities in Germany, saying they will strengthen EU autonomy (www.reuters.com)
9 days ago Germany Europe

A Taiwanese minister says TSMC plans two more advanced chip packaging plants in Chiayi Science Park, with all four expected to generate $9.35B+ in annual output (www.reuters.com)
10 days ago Taiwan

SK Hynix CEO Kwak Noh-Jung says the memory industry is heading for its worst-ever supply shortage in 2027 and demand will outstrip supply beyond 2030 (www.reuters.com)
13 days ago

The Department of Commerce loosens export controls to the UAE, letting G42 and US companies like Apple, Meta, and xAI export AI chips to UAE without a license (www.reuters.com)
13 days ago AI Apple

The UK designates Microsoft, Google, Amazon, and Oracle as critical third-party financial sector suppliers, bringing them under direct regulatory oversight (www.reuters.com)
13 days ago Google Amazon Microsoft Oracle

Taiwan's leading DRAM maker Nanya Technology expects its capex to hit ~$6.2B in 2027, up 4x YoY, and reports unaudited Q2 revenue of ~$2.6B, up 684% YoY (www.reuters.com)
13 days ago Taiwan

SAP will make it easier for customers to switch to rival service providers or end contracts, averting a possible EU antitrust fine after a September 2025 probe (www.reuters.com)
14 days ago

Coinbase's chief legal officer, Paul Grewal, is stepping down after six years; VP of legal Molly Abraham moves into his role with the title of general counsel (www.reuters.com)
14 days ago Coinbase

Internal memo: Meta plans to begin production of its in-house AI chip, codenamed Iris, in September, and aims to boost its computing power to 14GW in 2027 (www.reuters.com)
14 days ago AI

India scraps import duties on some parts used to make phones and other devices until March 2029, removing 7.5% and 5% levies, in a move that might help Apple (www.reuters.com)
14 days ago India Apple

US cybersecurity and data resilience company Rubrik plans to invest $500M+ in the UK over the next five years and establish its European headquarters in London (www.reuters.com)
14 days ago Europe London

Block agrees to pay $45M and offer live customer support for Cash App to settle claims by 46 US states that the company failed to protect users from fraud (www.reuters.com)
14 days ago

China's Nexchip Semiconductor says it aims to raise around $890.37M in its Hong Kong share sale by offering 216.2M shares at ~$4.12 per share (www.reuters.com)
15 days ago China Hong Kong

The EU General Court dismisses Apple's legal challenges against its designation as a DMA “gatekeeper” for its App Store and iOS; Apple filed the case in 2024 (www.reuters.com)
15 days ago IOS Apple

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