By Joey Roulette ORLANDO, Florida (Reuters) -The vice president leading Boeing’s Starliner spacecraft unit, Mark Nappi, has left the troubled program and was replaced by the company’s International Space Station program manager, John Mulholland, a Boeing spokesperson told Reuters on Thursday. Nappi, who led Boeing’s Starliner program through major engineering issues since 2022, is in […]
OpenAI in talks for investment round valuing it up to $340 billion, WSJ reports
(Reuters) -OpenAI is in talks for an investment round to raise nearly $40 billion that would value the AI startup at up to $340 billion, the Wall Street Journal reported on Thursday. OpenAI did not immediately respond to a Reuters request for comment on the report. SoftBank could invest $15 billion to $25 billion directly […]
DeepSeek’s global success received by Chinese with pride and glee
By Eduardo Baptista and Alessandro Diviggiano BEIJING (Reuters) – Chinese bloggers, state media and local citizens have welcomed DeepSeek’s global success with pride and glee, with some saying the homegrown AI startup’s meteoric rise is a sign China is beating back Washington’s attempts to contain the country’s tech industry. DeepSeek last week launched a free […]
US upstream oil and gas dealmaking hit $105 billion in 2024, Enverus says
By Georgina McCartney HOUSTON (Reuters) – Dealmaking in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third highest annual total ever, but activity slowed in the second half as buyers found fewer targets to acquire, consultancy Enverus said on Wednesday. Last year’s total deal value fell sharply behind the whopping […]
Exclusive-Netflix expands toy business with ‘Stranger Things’ licensing deal
By Dawn Chmielewski and Lisa Richwine (Reuters) – Netflix is expanding its presence in the toy business, striking its first master licensing deal with the company behind the popular Squishmallows plush toys to develop a product line inspired by its hit science-fiction series “Stranger Things.” The streaming giant granted toymaker Jazwares the right to develop […]
Alphabet’s Waymo to test its autonomous driving technology in over 10 new cities
(Reuters) – Alphabet’s self-driving unit Waymo announced on Wednesday it plans to expand testing of its autonomous driving technology in over 10 new cities in 2025. After testing the Waymo Driver in multiple cities, the company says the technology is adapting successfully to new environments, leading to the expansion. In addition to ongoing trips to […]
Helion raises $425 million from SoftBank’s venture arm, hits $5.4 billion valuation
By Stephen Nellis (Reuters) – Helion, a startup working to generate electricity from nuclear fusion, on Tuesday said it has raised $425 million in venture funding from a group of investors including SoftBank Group’s Vision Fund 2. The Everett, Washington-based Helion said the funding will help it speed up the development of its next generation […]
Factbox-All of Donald Trump’s tariff threats
(Reuters) – Upon returning to office, U.S. President Donald Trump has launched numerous tariff threats. They range from broad ones – a universal tariff on foreign-imported goods – to ones aimed at specific sectors, regions, or at specific countries in an effort to get others to meet his policy demands. However, Trump’s threats have changed […]
Smithfield Foods to keep US pork plants open, eyes tariffs amid IPO, CEO says
By Tom Polansek and Juveria Tabassum (Reuters) – Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff by Hong Kong-based WH Group. The biggest U.S. pork processor also is […]
Nvidia options draw dip buyers as shares rebound
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Monday’s massive selloff in AI-darling Nvidia’s shares did little to blunt options traders’ enthusiasm for the chipmaker’s shares, with traders quick to pile back into bullish Nvidia contracts as the stock recovered on Tuesday. Nvidia shares slumped about 17% or close to $593 billion in market value […]