Articles from www.reuters.com

Articles from www.reuters.com

Utilities, regulators, and researchers in six countries say the power demand surge caused by AI and data centers is being met in the near-term by fossil fuels (www.reuters.com)
2024-11-24 AI

Huawei is targeting 100,000 applications for HarmonyOS over the next 6-12 months and currently has over 15,000 applications that can meet consumers' basic needs (www.reuters.com)
2024-11-24

Australia drops plans to fine internet platforms up to 5% of their global revenue for failing to prevent the spread of misinformation online (www.reuters.com)
2024-11-24 Australia

An investigation finds several women across the US were deceived, drugged, terrorized, and sexually enslaved by sex traffickers to make money from OnlyFans (www.reuters.com)
2024-11-23

A Texas jury awards Netlist $118M in damages from Samsung in a patent lawsuit, after finding Samsung made and sold infringing DRAM products to customers (www.reuters.com)
2024-11-23 Samsung Texas

US Cybercom Executive Director Morgan Adamski says Chinese hackers are positioning themselves in critical infrastructure in the event of a clash with the US (www.reuters.com)
2024-11-23 China

A US Chamber of Commerce email shows the Biden administration could add up to 200 Chinese chip companies to a trade restriction list as soon as next week (www.reuters.com)
2024-11-23 China

Sources: Saudi Aramco's technology subsidiary is in talks to invest ~$1B in US telecommunications software maker Mavenir, in a deal likely to value it at ~$3B (www.reuters.com)
2024-11-23

Sources: CoreWeave is aiming for a valuation of over $35B and is likely to target raising more than $3B in its US IPO that is expected to occur in Q2 2025 (www.reuters.com)
2024-11-23 IPO

The EU closes a four-year long investigation into Apple's rules for e-book and audiobook app developers after the complainant withdrew its complaint (www.reuters.com)
2024-11-22 Apple

Sources: a16z, Ripple, Kraken, and Circle are jostling for a seat on Trump's promised crypto advisory council, which is expected to set up a bitcoin reserve (www.reuters.com)
2024-11-22 Trump Bitcoin

Sources: Amazon will likely face an EU investigation next year into whether it breaches the DMA by favoring its own brand products on its online marketplace (www.reuters.com)
2024-11-22 Amazon

Nick Pickles, who left X as VP of Global Affairs in September, joins Sam Altman's Tools for Humanity, which is building World Network, as chief policy officer (www.reuters.com)
2024-11-22

Sources: Huawei plans to start mass-producing its most advanced AI chip, the Ascend 910C, in Q1 2025, even as it struggles to make enough chips due to US curbs (www.reuters.com)
2024-11-21 AI

A bipartisan US congressional commission on US-China relations proposes a Manhattan Project-style initiative to fund the development of AGI systems (www.reuters.com)
2024-11-20 China

Sources: Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the Elden Ring game, in the coming weeks; Kadokawa had a ~$2.7B market cap (www.reuters.com)
2024-11-19 Japan Sony

In the Fifth Circuit, Amazon and SpaceX argued the NLRB, which recently ruled against them, is unconstitutional; the judges questioned their arbitrary deadlines (www.reuters.com)
2024-11-19 Amazon SpaceX

Sources and ads: Foxconn tells recruiters that help hire iPhone assembly workers in India to remove age, gender, and marital criteria and its name from ads (www.reuters.com)
2024-11-18 India iPhone

Sources: Tata Electronics agrees to buy a 60% stake in Pegatron's iPhone plant in Tamil Nadu, India, forming a joint venture, and will run the daily operations (www.reuters.com)
2024-11-18 India iPhone

A senior SDNY prosecutor says the office will devote fewer resources to policing crypto crimes after securing several major convictions, including that of SBF (www.reuters.com)
2024-11-16

The US DOJ says Cruise admits to submitting a false report to influence an investigation into an October 2023 crash with a pedestrian and will pay a $500K fine (www.reuters.com)
2024-11-15

Applied Materials reports Q4 revenue up 5% YoY to $7.05B, vs. $6.95B est., and forecasts Q1 revenue below estimates; AMAT drops 5%+ after hours (www.reuters.com)
2024-11-15 4Q

Chinese autonomous driving company Pony.ai aims to raise $195M in its US IPO, targeting a valuation of up to $4.48B (www.reuters.com)
2024-11-15 China IPO AI

Estonian ride-hailing and food delivery startup Bolt says it hit €2B in annual revenue and plans a 2025 IPO; Bolt had an $8B+ valuation in January 2022 (www.reuters.com)
2024-11-14 IPO Startup

A look at Vietnam's expansion in the $95B chip packaging industry; report: the country is expected to have 8%-9% of the global share by 2032, up from 1% in 2022 (www.reuters.com)
2024-11-14 Vietnam

CoreWeave closed a $650M secondary share sale led by Jane Street, Magnetar, Fidelity Management, and Macquarie Capital, a source says at a $23B valuation (www.reuters.com)
2024-11-14

South Korea arrests 215 people on suspicion of stealing $228M in crypto, the country's biggest crypto investment scam with 28 types of tokens sold to 15K people (www.reuters.com)
2024-11-14 Korea

A US judge rules that Meta must face trial in a US FTC lawsuit seeking its break up over claims that it bought Instagram and WhatsApp to crush competitors (www.reuters.com)
2024-11-14 Instagram WhatsApp

Donald Trump says Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency, to provide “advice and guidance from outside of Government” (www.reuters.com)
2024-11-13 Trump Elon Musk

Spotify reports Q3 revenue up 19% YoY to €3.99B, vs. €4.02B est., MAUs up 11% to 640M, and forecasts Q4 profit and MAUs above est.; SPOT jumps 8%+ after hours (www.reuters.com)
2024-11-13 4Q Spotify

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