Articles from www.reuters.com

Articles from www.reuters.com

Sources: ByteDance plans an employee share buyback at $200.41/share, valuing it at $330B+, up from $315B in March 2025, and its Q2 revenue grew 25% YoY to $48B (www.reuters.com)
35 minutes ago

Taiwan indicts three people for allegedly stealing TSMC's 2nm secrets to help Tokyo Electron, the first such case, and recommends a combined 14-year prison term (www.reuters.com)
3 hours ago Taiwan Tokyo

Court filing: Elon Musk's lawyers ask a US judge to block OpenAI from obtaining documents from Meta related to a previous $97.4B bid for OpenAI's assets (www.reuters.com)
5 hours ago Elon Musk Asset

Internal memo: Indian IT services giant TCS forms a new unit for AI-based operations and names Amit Kapur, who led TCS' UK and Ireland business, as its chief (www.reuters.com)
16 hours ago India AI Ireland

Sources: Klarna seeks a $13B to $14B valuation in its IPO next month, selling shares for $34-$36 as early as this week; Klarna sought a ~$50B valuation in 2021 (www.reuters.com)
1 day ago IPO

Court filing: Tesla rejected a $60M settlement offer in a lawsuit over a fatal 2019 crash of an Autopilot-equipped Model S, before losing a $243M verdict (www.reuters.com)
1 day ago Tesla

LinkedIn is expanding its BrandLink video ads program with new publishers and creators, and says payouts to them have more than tripled year over year (www.reuters.com)
1 day ago LinkedIn

Sources: Doug Beck, director of Pentagon's Defense Innovation Unit, resigns; DOD officials had previously raised concerns about his donations to Democrats (www.reuters.com)
1 day ago Democrat Pentagon

The US Commerce Department voids a Biden administration deal with the nonprofit Natcast to oversee $7.4B in semiconductor research funds, calling it illegal (www.reuters.com)
1 day ago

Sources: the Trump administration is considering imposing sanctions on EU or member state officials responsible for implementing the EU's DSA (www.reuters.com)
1 day ago Trump

xAI sues Apple and OpenAI in US federal court in Texas, accusing them of illegally conspiring to thwart AI competition (www.reuters.com)
2 days ago AI Apple Texas

PDD Holdings, which owns Pinduoduo and Temu, reports Q2 revenue up 7% YoY to ~$14.53B, above est., and net income down 5% YoY to ~$4.5B, driven by discounts (www.reuters.com)
2 days ago

Some experts say Trump's extraordinary intervention is unlikely to save Intel, which faces challenges with poor yields and competition from TSMC and Nvidia (www.reuters.com)
3 days ago Trump Intel Nvidia

Databricks plans to acquire Tecton, which helps companies build and deploy ML applications, for an undisclosed sum; Tecton was valued at $900M in 2022 (www.reuters.com)
4 days ago

Ontic, whose software helps corporate security teams respond to physical threats, raised a $230M Series C led by KKR, following a $40M Series B in November 2021 (www.reuters.com)
4 days ago

Cloud security provider Netskope files for a US IPO, reports H1 FY 2026 revenue up 30.7% YoY to $328.5M; it is seeking to raise $500M+ at a $5B+ valuation (www.reuters.com)
4 days ago IPO

OpenAI sets up a legal entity, and plans to open its first office in India after launching ChatGPT Go, its cheapest plan, in the country on August 19 (www.reuters.com)
5 days ago India

Sources: the Trump admin plans to reallocate $2B+ from CHIPS Act to fund critical minerals projects, aiming to cut US reliance on China for key resources (www.reuters.com)
5 days ago Trump China

OpenAI says its Chief People Officer Julia Villagra will leave on August 22; Villagra joined in February 2024 and was promoted to the role in March 2024 (www.reuters.com)
5 days ago

Russia orders that state-backed messenger app MAX, which critics say could be used to track users, must be pre-installed on phones and tablets from next month (www.reuters.com)
5 days ago Russia

The DOJ says it will no longer target developers who create decentralized crypto platforms without criminal intent, as part of a regulatory retreat on crypto (www.reuters.com)
5 days ago Decentralize

TinyFish, which develops AI-powered web agents that automate complex online tasks like dynamic price surveillance, raised a $47M Series A led by ICONIQ Capital (www.reuters.com)
6 days ago AI

Sources: Amazon plans a major revamp of its Fire tablets and is set to release a higher-end Android tablet as soon as 2026, a first after using forked Android (www.reuters.com)
7 days ago Android Amazon

Sources: China is considering allowing yuan-backed stablecoins to boost global yuan adoption; the State Council may approve a roadmap later in August (www.reuters.com)
7 days ago China

Baidu reports Q2 revenue down 4% YoY to ~$4.6B, slightly below est., and online ad revenue down 15% YoY to ~$2.3B, as China's ad market remains weak (www.reuters.com)
7 days ago China

Sources: US Commerce Secretary Howard Lutnick is exploring government equity stakes in return for CHIPS Act funding from Micron, TSMC, Samsung, and others (www.reuters.com)
7 days ago Samsung Equity

EliseAI, which provides AI tools for healthcare and housing industries, raised a $250M Series E led by a16z, doubling its valuation to $2.2B from August 2024 (www.reuters.com)
7 days ago Real Estate AI

Vantage Data Centers plans to spend $25B+ to build a 1.4 GW data center campus in Shackelford County, Texas, the largest in its global portfolio (www.reuters.com)
7 days ago Texas

The White House launches an official TikTok account, with the aim of communicating President Trump's policies (www.reuters.com)
7 days ago Trump

Google will pay $30M to settle a class action lawsuit alleging it violated kids' privacy on YouTube by collecting data without parental consent for targeted ads (www.reuters.com)
7 days ago Google YouTube

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