By Karen Brettell NEW YORK (Reuters) – The U.S. dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation. Trading volumes were light on Thursday with many traders on holiday after Wednesday’s Christmas holiday […]
Elon Musk’s X lifts price for premium-plus tier to pay creators
(Reuters) – Elon Musk-owned X raised the price of its premium-plus plan in several markets from Dec. 21 as the social media company looks to boost payment for creators on its platform. The top-tier plan is now priced at $22 a month in the U.S., up from $16 earlier, according to a blog post. Prices […]
Exclusive-Synopsys’ $35 billion Ansys acquisition to be approved in EU, sources say
By Foo Yun Chee BRUSSELS (Reuters) -U.S. chip design software company Synopsys is set to win conditional EU antitrust approval for its $35 billion buy of Ansys, people with direct knowledge of the matter said on Monday. The biggest technology sector deal since Broadcom’s $69 billion purchase of software maker VMware a year ago, it […]
OpenAI unveils ‘o3’ reasoning AI models in test phase
(Reuters) – OpenAI said on Friday it was testing new reasoning AI models, o3 and o3 mini, in a sign of growing competition with rivals such as Google to create smarter models capable of tackling complex problems. CEO Sam Altman said the AI startup plans to launch o3 mini by the end of January, and […]
Venture Global applies to list on NYSE
(Reuters) -Venture Global has applied to list its Class A common stock on NYSE under the symbol “VG”, according to a company filing on Friday. The LNG company said Goldman Sachs & Co., J.P. Morgan, BofA Securities, ING, RBC Capital Markets, Scotiabank and Mizuho are among the underwriters for its initial public offering (IPO). In […]
AI startup Databricks hits $62 billion valuation in record VC round
By Krystal Hu and Niket Nishant (Reuters) -Databricks has secured a $62 billion valuation after raising $10 billion in one of the largest venture capital funding rounds in history, underscoring the unprecedented appetite for AI-focused startups. The round, led by Joshua Kushner’s Thrive Capital, drew commitments from elite investors including Andreessen Horowitz, DST Global, GIC, […]
Pfizer does not expect major vaccine policy changes under Trump in 2025
By Manas Mishra, Michael Erman (Reuters) -Pfizer on Tuesday said it does not expect the Trump administration to make major changes to vaccine policy next year even as the president-elect has put forward vaccine skeptic Robert F. Kennedy Jr. as his nominee to run the Department of Health and Human Services. Pfizer CEO Albert Bourla […]
AI startup Basis raises $34 million for accounting automation ‘agent’
By Anna Tong (Reuters) – Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday. The round was led by Khosla Ventures. Other investors included NFDG, the AI-focused fund run by former GitHub CEO Nat Friedman and former Apple executive […]
Air Canada eyes strong revenue growth by 2028, banks on robust leisure travel demand
(Reuters) – Air Canada said on Tuesday it was targeting a 36% jump in its 2028 operating revenue from the current year, riding a wave of strong demand for leisure travel across domestic and international routes. Airlines worldwide are optimistic about the future of air travel, driven by a post-pandemic surge as travelers shift their […]
Honda aims to double hybrid car sales by 2030 as ‘bridge’ to EV era
TOKYO (Reuters) – Honda Motor aims to double its global hybrid car sales to 1.3 million vehicles annually by 2030 from 2023 levels, providing a “bridge” until fully electric vehicles become more widespread, the Japanese automaker said on Wednesday. From 2026, Honda will start to install new, more fuel-efficient hybrid systems for compact and mid-sized […]