By Stephen Nellis and Aditya Soni SAN FRANCISCO/BENGALURU (Reuters) -Nvidia’s revenue forecast on Wednesday raised questions over whether the artificial intelligence boom is waning. But the answer, according to company executives, analysts and investors, is a resounding no. Shares of the chipmaker rose nearly 4% to a record high on Thursday, before falling about 2% […]
Automakers urge Trump to preserve EV tax credits, boost self-driving cars
By David Shepardson WASHINGTON (Reuters) – A group representing major automakers including General Motors, Toyota Motor Corp, and Volkswagen urged President-elect Donald Trump to retain key tax credits for electric vehicle purchases and take steps to speed deployment of self-driving cars. The Alliance for Automotive Innovation in a previously unreported Nov. 12 letter to Trump […]
Exclusive-Amazon likely to face investigation under EU tech rules next year, sources say
By Foo Yun Chee BRUSSELS (Reuters) -Amazon will likely face an EU investigation next year into whether it favours its own brand products on its online marketplace as European antitrust regulators build up a case under landmark rules, people with direct knowledge of the matter said. The U.S. online retailer could face a fine of […]
Crypto industry jockeys for seats at Trump’s promised council
By Hannah Lang (Reuters) – A slew of crypto companies including Ripple, Kraken and Circle are jostling for a seat on President-elect Donald Trump’s promised crypto advisory council, seeking a say in his planned overhaul of U.S. policy, according to several digital asset industry executives. Campaigning at a July bitcoin conference in Nashville, Trump promised […]
Reddit deploys fix for outage affecting thousands in US
(Reuters) – Reddit said on Wednesday it has rolled out a fix for a software bug that prevented tens of thousands of people from accessing the social media platform in the U.S. The outage began around 3 pm ET, according to Downdetector, which tracks outages by collating status reports from several sources including users reports. […]
Trump team weighs creating first-ever White House crypto role, Bloomberg News reports
(Reuters) – President-elect Donald Trump’s team is holding discussions with the digital asset industry about whether to create a new White House post solely dedicated to crypto policy, Bloomberg News reported on Wednesday. The team is vetting candidates for the role, the report said, citing people familiar with the transition efforts. The transition team did […]
Snowflake raises annual product revenue forecast, announces AI deal with Anthropic
(Reuters) -Data cloud and analytics provider Snowflake on Wednesday raised its annual product revenue forecast and announced a multi-year partnership with AI firm Anthropic, sending its shares surging around 15% in extended trading. Snowflake’s data cloud has been seeing strong adoption from enterprises looking to use artificial intelligence-powered services to organize swathes of data. Like […]
Nvidia fourth-quarter revenue estimate fails to impress Wall Street
By Max A. Cherney and Arsheeya Bajwa (Reuters) – Nvidia forecast fourth-quarter revenue slightly above estimates on Wednesday, but still failed to meet lofty expectations of some investors who have made it the world’s most valuable firm. Shares of the Santa Clara, California-based company fell roughly 2% in extended trading. They had closed down 0.8% […]
Stellantis unveils technology to support flexible EV production, delays Ram electric pickup
By Nora Eckert DETROIT (Reuters) -Stellantis said on Tuesday it will deploy a new vehicle system that will support assembly of gasoline, hybrid and electric models, but in a sign of how turbulent the electric-vehicle transition is, the automaker also delayed production of Ram electric pickup trucks. The Franco-Italian company revealed details about its STLA […]
California health department reports possible bird flu case in child
By Leah Douglas and Julie Steenhuysen (Reuters) -California’s public health department reported a possible case of bird flu in a child with mild respiratory symptoms on Tuesday, but said there was no evidence of human-to-human transmission of the virus and that the child’s family members tested negative. California officials said they have sent test specimens […]