Articles from www.reuters.com

Articles from www.reuters.com

Nexperia's China unit asserts its operational independence and compliance with Chinese laws amid escalating tensions with Nexperia Netherlands (www.reuters.com)
1 day ago China Netherlands

Lyft plans to open a new tech hub in Toronto in H2 2026 and acquires TBR Global Chauffeuring, a Glasgow-based luxury chauffeur services company, for £83M (www.reuters.com)
1 day ago Toronto

Lila Sciences, which uses AI to develop novel drugs and materials, raised $115M at a $1.3B valuation, bringing its Series A to $350M and total funding to $550M (www.reuters.com)
1 day ago AI

Sources: Micron plans to stop selling server chips to data centers in China after a 2023 ban, but will continue selling chips to auto and smartphone sectors (www.reuters.com)
2 days ago China Ban

A US judge sentences Matthew Lane, a 20-year-old Massachusetts man, to four years in prison after he pled guilty to hacking two companies, including PowerSchool (www.reuters.com)
3 days ago

Sources: Anthropic is on track to meet an internal goal of $9B in annual revenue run rate by the end of 2025 and is targeting $20B to $26B for 2026 (www.reuters.com)
4 days ago

Sources: Rakuten began considering a US IPO of its credit card business after SoftBank announced plans to launch an IPO for its mobile payment app PayPay (www.reuters.com)
4 days ago IPO Mobile Credit Card

Meta announces a partnership with Arm to power AI ranking and recommendation systems across Meta's family of apps using Arm-based data center platforms (www.reuters.com)
4 days ago AI

China's Industry Ministry says Tim Cook pledged to boost Apple's investment in China during a visit, but offers few details, as the US and China clash on trade (www.reuters.com)
4 days ago China Apple Tim Cook

Sources: Apple is lobbying India to modify its income tax law to ensure Apple is not taxed for owning high-end iPhone machinery it provides to its manufacturers (www.reuters.com)
4 days ago India Tax iPhone Apple

How AI is upending India's business process management sector, which employs 1.65M people; conversational AI startup LimeChat claims to have automated 5K jobs (www.reuters.com)
4 days ago India Startup AI

Document: to avoid an EU fine, Google offered to tweak its search results to show vertical search engines in their own box on Search (www.reuters.com)
5 days ago Google

AG Pam Bondi says Meta complied with the DOJ's request to take down a Facebook Page that the agency said was being used to harass ICE agents in Chicago (www.reuters.com)
5 days ago Facebook

Sources: Renesas is exploring a sale of its unit that supplies timing components for data centers and 5G networks, in a deal that could value the unit at $2B (www.reuters.com)
5 days ago 5G

Goldman Sachs agrees to acquire multi-stage investment firm Industry Ventures, which has $7B AUM, for $665M in cash and equity plus $300M tied to performance (www.reuters.com)
5 days ago Goldman Equity

Data integration startup Fivetran and data management startup dbt Labs announce a merger in an all-stock deal; Fivetran CEO will be CEO of the combined company (www.reuters.com)
6 days ago Startup

Ofcom fines 4chan £20K under the OSA for failing to provide information on the risk of illegal content; a UK minister says the government “fully backed” Ofcom (www.reuters.com)
6 days ago

Warburg Pincus agrees to acquire German industrial software company PSI for over €700M, offering €45 per share; PSI's stock closed at €33.20 on October 10 (www.reuters.com)
6 days ago Germany

Taiwan says it expects no significant impact from China's new export controls on rare earth minerals, as it uses different rare earths in chip manufacturing (www.reuters.com)
7 days ago China Taiwan Manufacturing

Ten major banks including Bank of America, Goldman Sachs, Deutsche Bank, and UBS announce an early-stage project to explore issuing stablecoins to G7 currencies (www.reuters.com)
8 days ago U.S. Goldman

FCC Chair Brendan Carr says major US online retailers have removed several million listings for prohibited Chinese electronics as part of the agency's crackdown (www.reuters.com)
8 days ago China

Filing: corporate travel and expense management software maker Navan plans to raise up to $960M in a US IPO and is targeting a valuation of up to $6.45B (www.reuters.com)
8 days ago IPO

A federal jury finds that Samsung owes Collision Communications nearly $445.5M in damages for infringing on patents related to 4G, 5G, and Wi-Fi standards (www.reuters.com)
9 days ago Samsung 5G

A new simulation from the European Central Bank shows that the digital euro could trigger a deposit outflow of up to €700B during a run on commercial banks (www.reuters.com)
9 days ago Europe

Google is the first company to be designated with special status in the UK under new digital laws; the designation does not introduce any immediate requirements (www.reuters.com)
9 days ago Google

The US NHTSA opens a probe into 2.88M FSD-enabled Tesla vehicles over 50+ reports of traffic-safety violations like running red lights and a series of crashes (www.reuters.com)
10 days ago Tesla

Sources: Disney has opted out of having its IP appear in OpenAI's Sora app; CAA says OpenAI is exposing artists to “significant risk” with Sora (www.reuters.com)
10 days ago

TSMC reports Q3 revenue up 30% YoY to ~$32.5B, beating estimates, driven by AI chip demand; TSMC's Taipei-listed shares have gained 34% so far this year (www.reuters.com)
10 days ago AI

Crypto exchange Gemini launches an Australian arm, Gemini Intergalactic Australia, to offer its services in the country after registering with regulator AUSTRAC (www.reuters.com)
10 days ago Australia

New York City sues Meta, Alphabet, Snap, and ByteDance, accusing them of fueling a mental health crisis among children by addicting them to social media (www.reuters.com)
10 days ago New York Alphabet

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