Articles from www.reuters.com

Articles from www.reuters.com

eBay reports Q3 revenue up 3% YoY to $2.58B, GMV up 2% to $18.3B, net income down 51% to $636M, and forecasts Q4 revenue below est.; EBAY drops 9%+ after hours (www.reuters.com)
2024-10-31 eBay 4Q

Robinhood reports Q3 revenue up 36% YoY to $637M, vs. $657.9M est., and crypto transaction revenue up 165% to $61M; HOOD drops 8%+ after hours (www.reuters.com)
2024-10-31

DoorDash reports Q3 revenue up 25% YoY to $2.71B, vs. $2.66B est., total orders up 18% YoY to 643M, and forecasts Q4 adjusted EBITDA above estimates (www.reuters.com)
2024-10-31 4Q

Global Payments agrees to sell medical software business AdvancedMD to investment firm Francisco Partners for $1.13B; the deal is expected to close in Q4 2024 (www.reuters.com)
2024-10-31 4Q

Colorado says that some partial passwords for the state's voting systems were accidentally posted online but pose no threat to the November 5 general election (www.reuters.com)
2024-10-31

Sources: Reliance Retail plans to leverage its 3,000 supermarkets to catch up with India's quick commerce boom, which is expected to hit $6B in sales in 2024 (www.reuters.com)
2024-10-30 India Retail

EA reports Q2 net bookings up 14% YoY to $2.08B vs. $2.04B est., revenue up 6%, raises its FY 2025 bookings forecast, as its American football titles outperform (www.reuters.com)
2024-10-30 U.S.

AMD reports Q3 revenue up 18% YoY to $6.82B, vs. $6.71B est., Data Center revenue up 122% to $3.5B, and Q4 revenue forecast below est.; AMD drops 5% after hours (www.reuters.com)
2024-10-30 4Q AMD

Dozens of sources explain how Intel CEO Pat Gelsinger fumbled the company's revival, including offending TSMC with comments on Taiwan and losing a chip discount (www.reuters.com)
2024-10-30 Taiwan Intel

Consensys, the maker of the MetaMask crypto wallet, is cutting 162 staff, ~20% of its workforce, and notes costly fights with regulators (www.reuters.com)
2024-10-30

Sources: OpenAI is working with Broadcom and TSMC to build its first in-house AI chip focusing on inference, and has scaled back its foundry ambitions (www.reuters.com)
2024-10-30 AI

Hurun China Rich List: ByteDance founder Zhang Yiming, who stepped down as CEO in 2021, is China's richest person at $49.3B, as ByteDance's global revenue jumps (www.reuters.com)
2024-10-29 China

The Biden admin finalizes rules to limit US investments in AI and other tech sectors in China that could threaten national security, effective January 2 (www.reuters.com)
2024-10-29 China AI

Sierra, an AI startup co-founded by OpenAI board chairman and former Salesforce co-CEO Bret Taylor, raised $175M, valuing it at $4.5B, up from ~$1B previously (www.reuters.com)
2024-10-29 Startup AI Salesforce

Sources: TSMC halted shipments to Chinese chip designer Sophgo, which was co-founded by Bitmain's Micree Zhan, after TSMC chips were found on Huawei AI chips (www.reuters.com)
2024-10-27 China AI

Delta sues CrowdStrike, saying the July 19 outage caused mass flight cancellations, disrupted travel plans of 1.3M customers, and cost the carrier over $500M (www.reuters.com)
2024-10-26

Chinese self-driving firm WeRide raised $120M in its US IPO at a $4.21B valuation, and sold 7.7M shares at $15.50 a piece, the lower end of its targeted range (www.reuters.com)
2024-10-25 China IPO

At an event in Mumbai, Nvidia announces tie-ups with Indian companies including Reliance Industries, and launches a 4B-parameter small language model for Hindi (www.reuters.com)
2024-10-24 India Nvidia

Document: Guangzhou, China-based self-driving startup WeRide files for a Nasdaq IPO, planning to raise up to $119.4M (www.reuters.com)
2024-10-24 China IPO Startup

Hugging Face announces an open source software offering aimed at lowering costs for building chatbots and AI tools, in partnership with AWS, Google, and others (www.reuters.com)
2024-10-24 Google AI chatbot

Nvidia CEO Jensen Huang says a flaw in Blackwell AI chips that impacted production has been fixed with TSMC's help and the issue was “100% Nvidia's fault” (www.reuters.com)
2024-10-24 AI Nvidia

Qualcomm partners with Google to help automakers develop AI voice assistants and unveils two new chips to power dashboards and self-driving features (www.reuters.com)
2024-10-23 Google AI

A UK court says prominent Saudi dissident Yahya Assiri can sue Saudi Arabia in London court over claims of targeting him with NSO Group's Pegasus (www.reuters.com)
2024-10-23 Arabia London Saudi Arabia

Paytm reports Q2 net profit of ~$111M, its first-ever profit, helped by the sale of its ticketing business in August; sales were down 34% YoY to ~$197.4M (www.reuters.com)
2024-10-22

Sources: former OpenAI CTO Mira Murati is raising funds for her new startup, which aims to build AI products based on proprietary models (www.reuters.com)
2024-10-19 Startup AI

Nebius Group, previously Yandex NV, says it will resume trading on Nasdaq on October 21, after being halted following Russia's February 2022 invasion of Ukraine (www.reuters.com)
2024-10-18 Russia Ukraine

NHTSA opens a probe into Tesla's Full Self-Driving, covering 2.4M vehicles, after four reported crashes in low-visibility situations, including one fatal crash (www.reuters.com)
2024-10-18 Tesla

Government sources say India plans to limit imports of laptops, tablets, and PCs after January 2025 to push companies to increase domestic manufacturing (www.reuters.com)
2024-10-18 India Manufacturing

Sources: Samsung has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Taylor, Texas as it has yet to win any major customers (www.reuters.com)
2024-10-18 Samsung Texas

Netflix gained 5.1M new subscribers in Q3, vs. 4M est., and says more than 50% of signups were for its ad-supported tier in countries where it was available (www.reuters.com)
2024-10-18 Netflix

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