Articles from www.reuters.com

Articles from www.reuters.com

CoreWeave plans to spend $20B to $23B in 2025 on AI infrastructure and data center capacity to meet demand, including from Microsoft; CRWV drops 7%+ after hours (www.reuters.com)
7 hours ago Microsoft AI

Chinese sites like JD.com are offering discounts of up to 2,530 yuan, ~$350, on iPhone 16 models, an effort to spur sales after Q1 shipments fell (www.reuters.com)
10 hours ago China iPhone

Waymo recalls 1,212 vehicles to update software and address collision risks, after the NHTSA opened an investigation in May 2024 following reports of incidents (www.reuters.com)
12 hours ago

Sources: Microsoft is set to stave off a possible hefty EU antitrust fine, after it unbundled Teams from Office in 2023, following a complaint by Slack in 2020 (www.reuters.com)
13 hours ago Microsoft Slack

AMD approves a new $6B share buyback program, boosting its total repurchase authority to ~$10B, with no termination date; AMD jumps 5%+ (www.reuters.com)
18 hours ago AMD

At a JP Morgan event, Intel CFO David Zinsner says committed volumes for Intel's new 18A and 14A chips from external customers are currently “not significant” (www.reuters.com)
20 hours ago Intel

Sources: Shenzhen government-owned chip equipment maker SiCarrier, a key Huawei supplier, is seeking ~$2.8B at an $11B valuation in its first fundraising round (www.reuters.com)
21 hours ago Shenzhen

American Bitcoin, a bitcoin miner backed by Donald Trump Jr. and Eric Trump, said it will list on the Nasdaq via an all-stock merger with Gryphon Digital Mining (www.reuters.com)
2 days ago Trump U.S. Bitcoin

Chegg says subs dropped 31% in Q1 to 3.2M; it will lay off 248 employees, or ~22% of its staff, to cut costs as students keep turning to AI tools like ChatGPT (www.reuters.com)
2 days ago AI

Chinese government data: Chinese shipments of foreign-branded cellphones, including iPhones, dropped by 49.6% YoY to 1.887M in March 2025 (www.reuters.com)
2 days ago China

Israeli quantum computing startup Classiq raised a $110M Series C led by Entree Capital, taking its total funding to $173M since its 2020 founding (www.reuters.com)
2 days ago Israel Startup Quantum

Japan's NTT, which owns 57.7% of IT services provider and data center operator NTT Data, launches a $16.4B take-private tender offer to buy the remaining stake (www.reuters.com)
5 days ago Japan

Google agrees to pay $50M to settle a lawsuit accusing it of systemic racial bias against Black employees, covering 4,000+ employees in California and New York (www.reuters.com)
5 days ago Google New York California

Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., increases its share buyback program to $750M after activist pressure; LYFT jumps 6%+ after hours (www.reuters.com)
6 days ago

The UK says the Digital Services Tax remains unchanged under the trade deal agreed between the US and the UK, both of which will work on a “digital trade deal” (www.reuters.com)
6 days ago Tax

SMIC reports Q1 revenue up 28.4% YoY to $2.2B, vs. $2.3B est., profit up 161.9% YoY to $188M, vs. $222.4M est., and says H2 has “opportunities and challenges” (www.reuters.com)
6 days ago

In prepared Senate testimony, Microsoft and others urge US lawmakers to streamline federal AI energy permits and open government data sets for AI training (www.reuters.com)
7 days ago Microsoft Energy AI Senate

Nebius Group's Toloka, which uses human experts to train and evaluate AI models and has worked with Amazon and Anthropic, raised $72M led by Bezos Expeditions (www.reuters.com)
7 days ago Amazon AI

Bumble reports Q1 revenue down 7.7% YoY to $247.1M, in line with $246.2M est., with Bumble app paying users falling ~1% YoY to 2.7M; BMBL jumps ~7% after hours (www.reuters.com)
7 days ago

TPG and Corpay agree to acquire Charlotte, NC-based AvidXchange, a payment automation software provider, for $2.2B, with Corpay investing ~$500M for a 33% stake (www.reuters.com)
7 days ago

Alibaba partners with RedNote, also known as Xiaohongshu, to allow users on RedNote to directly click on product links to shop on Alibaba's Taobao platform (www.reuters.com)
7 days ago Alibaba

A US court rejects a legal challenge by the FTC to Microsoft's $69B Activision Blizzard acquisition, upholding a lower court ruling that denied an injunction (www.reuters.com)
7 days ago Microsoft

AWS says it plans to invest $4B to build its first data centers and cloud infrastructure in Chile, set to open in H2 2026, and will try to use minimal water (www.reuters.com)
7 days ago Chile

Sensor Tower: Shein's ad spend rose 35% MoM in France and the UK in April, while Temu's jumped 40% MoM and 20% MoM respectively, amid Trump's de minimis ban (www.reuters.com)
9 days ago Trump France Ban Sensor

TeleMessage's parent company says it is “investigating a potential security incident” and has suspended all of its services “out of an abundance of caution” (www.reuters.com)
9 days ago

Tel Aviv-based eToro Group says it's targeting a $4B valuation in a Nasdaq IPO, aiming to raise $500M, after pausing plans last month amid market volatility (www.reuters.com)
9 days ago IPO

The US DOD transfers its AI-based Open Price Exploration for National Security program to nonprofit Critical Minerals Forum to boost Western supply deals (www.reuters.com)
12 days ago AI

Kuwait cracks down on crypto miners for being a “major” cause of blackouts; energy consumption in the Al-Wafrah region fell by 55% after the crackdown (www.reuters.com)
12 days ago Energy

Memo: the US DOD seeks to secure right-to-repair provisions in Army contracts to access tools, software, and technical data without IP constraints (www.reuters.com)
13 days ago

London's Court of Appeal rules Apple must pay Optis $502M as a lump sum for using Optis' 4G patents from 2013 to 2027, overturning a 2023 High Court decision (www.reuters.com)
13 days ago Apple London

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