Articles from www.reuters.com

Articles from www.reuters.com

Xiaomi says surging memory chip prices have raised the cost of making smartphones, after pricing of its new Redmi K90 series disappointed Chinese consumers (www.reuters.com)
2 hours ago China Xiaomi

Shares of Japanese optical fiber maker Fujikura are up ~171% YTD, outpacing the Nikkei's 22% and lifting its market cap to $33B+ amid the AI data center boom (www.reuters.com)
3 hours ago Japan AI

Lindo St. Angel, VP of hardware at Amazon's Lab126 R&D unit since 2010, plans to leave on October 31; he helped develop the Echo, Astro robot, and Fire tablet (www.reuters.com)
3 hours ago Amazon Robot

Oreo maker Mondelez has spent $40M+ on an AI tool, developed with Publicis and Accenture, to cut costs for the production of marketing content by 30% to 50% (www.reuters.com)
7 hours ago AI

Grindr board members Ray Zage and James Lu, part of an investor group that owns more than 60%, offer to take Grindr private for ~$3.46B; GRND closes up 18.63% (www.reuters.com)
11 hours ago

IBM says it was able to run a key quantum computing algorithm in real-time on commonly available field programmable gate array chips made by AMD (www.reuters.com)
20 hours ago IBM Algorithm Quantum AMD

UK prosecutors say the ringleader of a 2024 arson attack on Ukraine-linked businesses in London discussed kidnapping Revolut's Russia-born CEO Nikolay Storonsky (www.reuters.com)
20 hours ago Russia Ukraine London

The UK's Competition Appeal Tribunal rules against Apple in a lawsuit accusing it of abusing its dominant position by charging a 30% App Store commission (www.reuters.com)
1 day ago Apple

Cyprus's financial regulator grants a crypto license to Revolut, allowing the startup to offer crypto services across the EU under new regulations (www.reuters.com)
1 day ago Startup

Alibaba launches a free consumer-focused AI chatbot in its Quark app, powered by Qwen 3, and plans to open pre-sales for its $660 Quark AI Glasses on October 24 (www.reuters.com)
1 day ago Alibaba AI chatbot

OpenAI, Oracle, and Vantage Data Centers plan to build a data center in Wisconsin called Lighthouse, costing $15B+ and set to open in 2028, as part of Stargate (www.reuters.com)
1 day ago Oracle

Sources: Nexperia's China unit has resumed chip sales to local distributors, with transactions now settled in yuan instead of foreign currencies such as the USD (www.reuters.com)
2 days ago China Forex

Sources: Trump administration is considering barring exports of products made with US software to China in response to the country's rare earth restrictions (www.reuters.com)
2 days ago Trump China

Baidu and Swiss Post's PostBus plan to launch Baidu's Apollo Go autonomous vehicle service in Switzerland, testing in December ahead of rollout by Q1 2027 (www.reuters.com)
2 days ago Switzerland Autonomous Car

EBU/BBC study: 45% of responses from top AI assistants misrepresented news content with at least one significant issue and 31% showed serious sourcing problems (www.reuters.com)
3 days ago AI

A UN pact to fight cybercrime is set to be signed by dozens of countries in Hanoi; tech companies and activists warn the pact may criminalize ethical hacking (www.reuters.com)
3 days ago

Meta forms a JV with Blue Owl to fund the $27B, 2GW Hyperion data center in Louisiana, its largest ever private capital deal; Meta will retain a ~20% equity (www.reuters.com)
3 days ago Equity

Texas Instruments reports Q3 revenue up 14% YoY to $4.74B, vs. $4.64B est., and forecasts Q4 revenue and profit below estimates; TXN drops 6%+ after hours (www.reuters.com)
3 days ago 4Q Texas

Sources: Chinese DRAM chipmaker CXMT plans a Shanghai IPO as soon as Q1 2026, targeting an up to ~$42B valuation and aiming to raise between ~$2.8B and ~$5.6B (www.reuters.com)
3 days ago China IPO Shanghai

Evernorth, a digital asset treasury backed by Ripple, says it will list on the Nasdaq through a merger with a blank check company and expects to raise $1B+ (www.reuters.com)
4 days ago Asset

A lawyer says 55 Chinese iPhone and iPad users filed an antitrust complaint in China alleging Apple abuses its market dominance by restricting app distribution (www.reuters.com)
4 days ago China iPhone Apple iPad

Nexperia's China unit asserts its operational independence and compliance with Chinese laws amid escalating tensions with Nexperia Netherlands (www.reuters.com)
6 days 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)
7 days 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)
7 days 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)
8 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)
9 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)
9 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)
9 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)
9 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)
9 days ago China Apple Tim Cook

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