Tag Archives: technology
Amazon announces new data center chip as Microsoft rivalry intensifies
(Reuters) - Amazon.com on Tuesday introduced its newest data center chip for its cloud computing service as competition with Microsoft to dominate the market for artificial intelligence heats up. At a...
Nov 28, 2023
Micron expects first quarter gross margin to approach breakeven
(Reuters) - Memory chipmaker Micron Technology said on Tuesday it expects its first-quarter adjusted gross margin to approach breakeven due to improved supply and demand balance. (Reporting by Chavi M...
Nov 28, 2023
US Cyber Monday sales hit record $12.4 billion on big discounts – report
(Reuters) -Deep discounts on everything from beauty products and toys to electronics have enticed U.S. shoppers to splurge on Christmas purchases and ring in a record $12.4 billion in Cyber Monday sal...
Nov 28, 2023
Exclusive-China’s Alipay to sell its stake in India’s Zomato for nearly $400 million -sources
By M. Sriram MUMBAI (Reuters) -Chinese payments group Alipay plans to sell its 3.4% stake in Indian food delivery giant Zomato for nearly $400 million through block deals on Indian stock exchanges, ac...
Nov 28, 2023
Google, Symphony unveil AI JV to help banks manage voice calls compliance risk
LONDON (Reuters) - Symphony, the markets infrastructure and tech firm, is teaming up with Google to ramp up its voice analytics offering to banks and investment firms, executives told Reuters, as regu...
Nov 28, 2023
Venture capital firm NXTP to target Brazil, Mexico tech startups with $98 million fund
By Kylie Madry MEXICO CITY (Reuters) - Latin American venture capital firm NXTP has raised $98 million for a fund targeting technology startups largely in Brazil and Mexico, it said on Tuesday. Despit...
Nov 28, 2023
GM to cut spending on Cruise after accident – FT
(Reuters) -General Motors is to scale back spending on its self-driving unit Cruise after a pedestrian accident last month, Financial Times reported on Tuesday. GM and Cruise did not immediately respo...
Nov 28, 2023
UK regulator says Adobe’s $20 billion Figma deal could harm sector
(Reuters) -Britain's competition regulator said on Tuesday Photoshop owner Adobe's $20 billion buyout of cloud-based designer platform Figma could harm innovation for software used by the vast majorit...
Nov 28, 2023
Alibaba Health Information Technology to buy AJK Technology for $1.73 billion
(Reuters) - Investment holding company Alibaba Health Information Technology Ltd said on Tuesday it would buy entire stake in AJK Technology Holding Ltd from a unit of Alibaba Group Holding for HK$13....
Nov 28, 2023
Fintech Clara launches payment account in Brazil eyeing $1 billion in transactions
SAO PAULO (Reuters) - Latin American fintech Clara has launched a payment account in Brazil that it expects will help it reach 6 billion reais ($1.23 billion) in transactions in 2024, the firm said on...
Nov 28, 2023
