Tag Archives: technology
Cerebras Systems signs $100 million AI supercomputer deal with UAE’s G42
By Stephen Nellis and Krystal Hu (Reuters) - Cerebras Systems on Thursday said that it has signed an approximately $100 million deal to supply the first of three artificial intelligence (AI) supercomp...
Jul 20, 2023
Reliable Robotics gets FAA approval to test automated aircraft systems
By Paul Lienert (Reuters) - Reliable Robotics, a Silicon Valley startup aiming to automate conventional fixed-wing planes, has received approval from the Federal Aviation Administration to proceed wit...
Jul 20, 2023
Dutch SPAC in advanced talks to acquire electric vehicle group
LONDON (Reuters) - SPEAR Investments I, a special purpose acquisition company (SPAC), is in advanced discussions to acquire QEV Technologies, a Spanish electric vehicle firm, at a valuation of 209 mil...
Jul 20, 2023
Auto supplier Magna to invest $790 million to build three new facilities
(Reuters) - Canadian auto parts maker Magna International Inc said on Thursday it will invest $790 million to build three new supplier facilities, two of which will be housed at Ford Motor Co's BlueOv...
Jul 20, 2023
UK antitrust regulator: We await new Microsoft proposal on Activision deal
LONDON (Reuters) - Britain's antitrust regulator is waiting for Microsoft to submit a modified deal structure to buy "Call of Duty" maker Activision Blizzard, its boss Sarah Cardell said on Thursday. ...
Jul 20, 2023
Chinese automakers sold 75% of EVs in Southeast Asia in Q1 – study
By Devjyot Ghoshal BANGKOK (Reuters) - Chinese automakers dominated Southeast Asia's fast-growing electric vehicle market, selling three out of every four EVs in the first quarter, research firm Count...
Jul 20, 2023
Truist misses profit estimates amid bigger credit-loss provisions
(Reuters) - Truist Financial missed estimates for second-quarter profit on Thursday, as the bank set aside more rainy-day funds to cover for potential defaults in a tough economy. Banks have begun to ...
Jul 20, 2023
India’s Infosys cuts FY outlook in challenging environment after Q1 profit miss
BENGALURU (Reuters) - Indian software services provider Infosys on Thursday cut its full-year revenue growth outlook, due to a challenging environment, after reporting first quarter profit below estim...
Jul 20, 2023
Discover Financial shares sink on regulatory review disclosure, buyback pause
(Reuters) - Shares of Discover Financial Services fell 12% in premarket trading on Thursday after the digital banking company disclosed that it was in discussions with regulators about how it misclass...
Jul 20, 2023
Exclusive-N. Korea hackers breached US IT company in bid to steal crypto-sources
By Christopher Bing and Raphael Satter WASHINGTON (Reuters) - A North Korean government-backed hacking group penetrated an American IT management company and used it as a springboard to target an unkn...
Jul 20, 2023
