Tag Archives: technology
Nidec shares slump over 9% after it retains annual profit outlook
TOKYO (Reuters) -Nidec shares tumbled more than 9% on Tuesday after the electric motor maker kept its annual profit outlook unchanged the previous day despite reporting a rise in quarterly profit. Som...
Oct 23, 2023
Bitcoin soars 10% to 2-1/2 year high
SINGAPORE (Reuters) - Cyrptocurrency bitcoin leapt as much as 14% to a 2-1/2 year high of $34,283 in early Asia hours on Tuesday, on speculation that the U.S. could soon approve a bitcoin exchange-tra...
Oct 23, 2023
Japan aims for joint EV, chip subsidy rules with U.S. and Europe – Nikkei
(Reuters) - Japan plans to set shared standards with the U.S. and Europe on subsidies for electric vehicles, semiconductors, and other critical fields, Japanese industry minister Yasutoshi Nishimura t...
Oct 23, 2023
Cadence’s downbeat fourth-quarter forecast signals weakness in chip industry
(Reuters) - Cadence Design Systems forecast fourth-quarter revenue and adjusted profit below Wall Street estimates on Monday, as slower R&D spending by semiconductor firms navigating a tough economy w...
Oct 23, 2023
Tennessee attorney general says six states to discuss big-tech investigation
WASHINGTON (Reuters) -Tennessee Attorney General Jonathan Skrmetti's office said on Monday that there would be a press conference on Tuesday with five other states to discuss a big-tech investigation....
Oct 23, 2023
Exclusive-Nvidia to make Arm-based PC chips in major new challenge to Intel
By Stephen Nellis and Max A. Cherney (Reuters) -Nvidia dominates the market for artificial intelligence computing chips. Now it is coming after Intel's longtime stronghold of personal computers. Nvidi...
Oct 23, 2023
Bitcoin rises 3.95% to $31,187
(Reuters) - Bitcoin rose 3.95% to $31,187 at 17:05 GMT on Monday, adding $1,185 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 17.5% from the year's low of $2...
Oct 23, 2023
EU lawmakers face struggle to reach agreement on AI rules -sources
By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS (Reuters) - European lawmakers are yet to agree on several issues related to new artificial intelligence rules ahead of a crucial meeting on T...
Oct 23, 2023
Microsoft to spend $3.2b in Australia as AI regulation looms
By Byron Kaye SYDNEY (Reuters) - Microsoft said it will spend A$5 billion ($3.2 billion) expanding its artificial intelligence (AI) and cloud computing abilities in Australia over two years as part of...
Oct 23, 2023
Vista Equity Partners to buy EngageSmart for $4 billion
(Reuters) -Payments software vendor EngageSmart said on Monday it would be taken private by Vista Equity Partners for about $4 billion, marking the latest buyout deal in the technology sector. Shares ...
Oct 23, 2023
