Articles from www.reuters.com

Articles from www.reuters.com

OpenAI launches the OpenAI Deployment Company with a $4B+ investment to help organizations build and deploy AI systems, and acquires AI consulting firm Tomoro (www.reuters.com)
27 days ago AI

In a two-week UK High Court trial, Shein accuses Temu of “industrial scale” copyright infringement of its photos; Temu says Shein is suing to stifle competition (www.reuters.com)
27 days ago

The European Commission says it is in ongoing discussions with OpenAI and Anthropic to access their latest AI models; OpenAI is “proactively offering” access (www.reuters.com)
27 days ago Europe AI

Sources: Cerebras plans to raise its IPO price range from $115-$125 per share to $150-$160 per share, potentially raising ~$4.8B at the top of the new range (www.reuters.com)
27 days ago IPO

GM agrees to pay $12.75M to resolve a California investigation into claims that it illegally sold the location and driving data of OnStar subscribers to brokers (www.reuters.com)
29 days ago California

European Central Bank President Christine Lagarde expressed skepticism over the need for euro-pegged stablecoins, saying they could hamper the ECB's work (www.reuters.com)
30 days ago Europe

Sources: SK Hynix's big customers have been proposing a range of offers to secure memory chip supplies, including investing in dedicated chip production lines (www.reuters.com)
30 days ago

Sony reports 1.5M PS5 unit sales in Q4, down 46% YoY, and forecasts annual sales at its gaming business to fall 6% YoY to $1.69B, amid memory chip price surge (www.reuters.com)
30 days ago 4Q Sony

Meta challenges Ofcom in UK High Court over the Online Safety Act, which calculates levies based on global, not UK, revenue, in a case scheduled for October (www.reuters.com)
30 days ago

Filing: Meta asks a judge to overturn the jury's verdict in the Los Angeles social media addiction trial or order a new trial, citing Section 230 protections (www.reuters.com)
2026-5-7

DoorDash reports Q1 revenue up 33% YoY to $4.04B, vs. $4.14B est., and forecasts Q2 marketplace gross order value above estimates; DASH jumps 11%+ after hours (www.reuters.com)
2026-5-7

Instacart reports Q1 revenue up 14% YoY to $1.02B, GTV up 13% to $10.29B, and orders up 10%, compared with a 16% growth a year earlier; CART drops 11%+ (www.reuters.com)
2026-5-7

Sources: DeepSeek is in talks to raise $3B to $4B led by China's national AI fund, valuing DeepSeek at up to $50B (www.reuters.com)
2026-5-7 China AI

SCOTUS rejects Apple's request to temporarily block a judicial order in the Epic Games lawsuit that found Apple in violation of court-mandated App Store changes (www.reuters.com)
2026-5-7 Apple

CRM software company Freshworks said it plans to cut 11% of its workforce, or ~500 jobs, as it deals with AI's impact; FRSH has dropped ~26% in 2026 (www.reuters.com)
2026-5-6 AI CRM

EA reports Q4 net bookings up 3.6% YoY to $1.86B, vs. $2B est., weighed down by a post-launch drop-off in engagement for Battlefield 6 (www.reuters.com)
2026-5-6 4Q

Super Micro reports Q3 revenue up 123% YoY to $10.24B, vs. $12.33B est., forecasts Q4 revenue and adjusted profit above estimates; SMCI jumps 17%+ after hours (www.reuters.com)
2026-5-6 4Q

AMD reports Q1 revenue up 38% YoY to $10.25B, Data Center revenue up 57% to $5.8B, and forecasts Q2 revenue above estimates, as AI chip demand stays strong (www.reuters.com)
2026-5-6 AI AMD

Pennsylvania sues Character.AI, alleging that one of its characters posed as a psychiatrist, as the state seeks to prevent chatbots from impersonating doctors (www.reuters.com)
2026-5-6 AI chatbot

Coinbase CEO Brian Armstrong announces the company is cutting ~700 jobs, or ~14% of its global workforce, to reduce costs, saying “AI is changing how we work” (www.reuters.com)
2026-5-5 AI Coinbase

Meta says it will expand Instagram teen account safeguards to 27 EU countries, and plans to roll them out on Facebook in the US, ahead of the UK and EU in June (www.reuters.com)
2026-5-5 Facebook Instagram

New Mexico child safety trial: New Mexico asks a judge to declare Meta a public nuisance and to order it to pay $3.7B and overhaul its apps to protect children (www.reuters.com)
2026-5-5 Mexico

Duolingo reports Q1 revenue up 27% YoY to $292M, vs. $288.5M est., bookings up 14% to $308.5M, and expects slower growth in Q2; DUOL drops 12%+ after hours (www.reuters.com)
2026-5-5

Palantir reports Q1 revenue up 85% YoY to $1.63B, vs. $1.54B est., US government revenue up 84% to $687M, and US commercial revenue up 133% to $595M (www.reuters.com)
2026-5-5

Sources: more than two dozen prediction-market ETFs have been pushed back as the SEC seeks more information; they were originally expected to launch this week (www.reuters.com)
2026-5-5 ETF

Investment and tech firm Long Lake says it will buy corporate travel operator Amex GBT for $6.3B, citing AI's ability to modernize the business travel sector (www.reuters.com)
2026-5-5 AI

Amazon debuts Supply Chain Services, allowing other companies to use its logistics network to move, store, and deliver raw materials, final products, and more (www.reuters.com)
2026-5-4 Amazon Logistics

Source: Cerebras is expected to price its shares at between $115 and $125 and go public with the “CBRS” ticker; Cerebras is targeting a $40B valuation (www.reuters.com)
2026-5-4

China's Linkerbot, which holds 80%+ of global dexterous robotic hands market, raised a Series B+ at a $3B valuation and seeks a $6B valuation in its next round (www.reuters.com)
2026-5-4 China Robot

Amadeus IT Group, which operates the world's largest travel booking system, plans to acquire French biometrics company Idemia Public Security, for €1.2B in cash (www.reuters.com)
2026-5-3 France

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