By Arsheeya Bajwa (Reuters) -Palantir Technologies raised its annual revenue forecast for the second time this year on Monday, the latest sign that the generative AI boom is driving demand for its software services. Shares of the Denver, Colorado-based company rose more than 13% in extended trading, adding to a year-to-date gain of more than […]
Novartis, Viatris face new lawsuit over ‘HeLa’ cell misuse claims
By Blake Brittain (Reuters) – Novartis and Viatris were hit with a federal lawsuit in Maryland on Monday by the family of a woman whose tissue cells were taken from her body in the 1950s and used to fuel medical research and development. The estate of Henrietta Lacks accused Novartis and Viatris of unlawfully profiting […]
Lucid gets up to $1.5 billion in funding from Saudi shareholder
(Reuters) -Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject up to $1.5 billion in cash, as the electric vehicle maker looks to add new models to its product line. The EV maker’s shares, which closed down 3.9%, jumped 12% in extended trading. The deal comes just ahead of […]
Nvidia’s AI chip demand to face limited impact from potential production delay, analysts say
(Reuters) – Worries over a delay in the launch of Nvidia’s upcoming artificial-intelligence chips may be exaggerated, analysts said, as they do not expect the setback to have a big impact on the chip giant’s revenue or demand. According to media reports, Nvidia’s Blackwell chips may face delays of three months or more due to […]