Articles from www.reuters.com

Articles from www.reuters.com

Sources: Saudi Aramco's technology subsidiary is in talks to invest ~$1B in US telecommunications software maker Mavenir, in a deal likely to value it at ~$3B (www.reuters.com)
3 hours ago

Sources: CoreWeave is aiming for a valuation of over $35B and is likely to target raising more than $3B in its US IPO that is expected to occur in Q2 2025 (www.reuters.com)
4 hours ago IPO

The EU closes a four-year long investigation into Apple's rules for e-book and audiobook app developers after the complainant withdrew its complaint (www.reuters.com)
15 hours ago Apple

Sources: a16z, Ripple, Kraken, and Circle are jostling for a seat on Trump's promised crypto advisory council, which is expected to set up a bitcoin reserve (www.reuters.com)
1 day ago Trump Bitcoin

Sources: Amazon will likely face an EU investigation next year into whether it breaches the DMA by favoring its own brand products on its online marketplace (www.reuters.com)
1 day ago Amazon

Nick Pickles, who left X as VP of Global Affairs in September, joins Sam Altman's Tools for Humanity, which is building World Network, as chief policy officer (www.reuters.com)
1 day ago

Sources: Huawei plans to start mass-producing its most advanced AI chip, the Ascend 910C, in Q1 2025, even as it struggles to make enough chips due to US curbs (www.reuters.com)
1 day ago AI

A bipartisan US congressional commission on US-China relations proposes a Manhattan Project-style initiative to fund the development of AGI systems (www.reuters.com)
3 days ago China

Sources: Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the Elden Ring game, in the coming weeks; Kadokawa had a ~$2.7B market cap (www.reuters.com)
3 days ago Japan Sony

In the Fifth Circuit, Amazon and SpaceX argued the NLRB, which recently ruled against them, is unconstitutional; the judges questioned their arbitrary deadlines (www.reuters.com)
4 days ago Amazon SpaceX

Sources and ads: Foxconn tells recruiters that help hire iPhone assembly workers in India to remove age, gender, and marital criteria and its name from ads (www.reuters.com)
4 days ago India iPhone

Sources: Tata Electronics agrees to buy a 60% stake in Pegatron's iPhone plant in Tamil Nadu, India, forming a joint venture, and will run the daily operations (www.reuters.com)
5 days ago India iPhone

A senior SDNY prosecutor says the office will devote fewer resources to policing crypto crimes after securing several major convictions, including that of SBF (www.reuters.com)
7 days ago

The US DOJ says Cruise admits to submitting a false report to influence an investigation into an October 2023 crash with a pedestrian and will pay a $500K fine (www.reuters.com)
7 days ago

Applied Materials reports Q4 revenue up 5% YoY to $7.05B, vs. $6.95B est., and forecasts Q1 revenue below estimates; AMAT drops 5%+ after hours (www.reuters.com)
8 days ago 4Q

Chinese autonomous driving company Pony.ai aims to raise $195M in its US IPO, targeting a valuation of up to $4.48B (www.reuters.com)
8 days ago China IPO AI

Estonian ride-hailing and food delivery startup Bolt says it hit €2B in annual revenue and plans a 2025 IPO; Bolt had an $8B+ valuation in January 2022 (www.reuters.com)
8 days ago IPO Startup

A look at Vietnam's expansion in the $95B chip packaging industry; report: the country is expected to have 8%-9% of the global share by 2032, up from 1% in 2022 (www.reuters.com)
8 days ago Vietnam

CoreWeave closed a $650M secondary share sale led by Jane Street, Magnetar, Fidelity Management, and Macquarie Capital, a source says at a $23B valuation (www.reuters.com)
9 days ago

South Korea arrests 215 people on suspicion of stealing $228M in crypto, the country's biggest crypto investment scam with 28 types of tokens sold to 15K people (www.reuters.com)
9 days ago Korea

A US judge rules that Meta must face trial in a US FTC lawsuit seeking its break up over claims that it bought Instagram and WhatsApp to crush competitors (www.reuters.com)
9 days ago Instagram WhatsApp

Donald Trump says Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency, to provide “advice and guidance from outside of Government” (www.reuters.com)
10 days ago Trump Elon Musk

Spotify reports Q3 revenue up 19% YoY to €3.99B, vs. €4.02B est., MAUs up 11% to 640M, and forecasts Q4 profit and MAUs above est.; SPOT jumps 8%+ after hours (www.reuters.com)
10 days ago 4Q Spotify

Grab reports Q3 revenue up 17% YoY to $716M, vs $700.8M est., a $15M profit, and raises its forecast for fiscal 2024 revenue; GRAB jumps 10%+ after hours (www.reuters.com)
11 days ago

Ilya Sutskever says “we're back in the age of wonder and discovery” as AI companies focus on pre-training, inference improvements, and finding the “next thing” (www.reuters.com)
11 days ago AI

Sources: Amazon is developing smart glasses for its delivery drivers to guide them to, around, and within buildings, but the tech may take years to perfect (www.reuters.com)
11 days ago Amazon

Source: the US ordered TSMC to halt shipments of AI chips, of 7nm or more advanced designs, to Chinese customers starting on November 11 (www.reuters.com)
13 days ago China AI

Swiggy closes an oversubscribed ~$1.4B IPO, as investors bet on a quick commerce boom; analysts expect the company to make a muted stock market debut next week (www.reuters.com)
13 days ago IPO

Sources: Trump's transition team is considering Dan Gallagher, an ex-SEC commissioner and Robinhood's current legal chief, as SEC chair replacing Gary Gensler (www.reuters.com)
14 days ago Trump

A US judge dismisses a copyright lawsuit by Raw Story and AlterNet against OpenAI over AI training, saying they couldn't show enough harm to support the lawsuit (www.reuters.com)
15 days ago AI

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