Articles from www.reuters.com

Articles from www.reuters.com

GrubMarket, which connects wholesalers and distributors to grocers and other food buyers, confidentially files for a US IPO; it was valued at $4.5B in February (www.reuters.com)
6 days ago IPO

A federal judge issues a preliminary injunction blocking Minnesota from enforcing a newly enacted law that banned prediction markets like Kalshi and Polymarket (www.reuters.com)
6 days ago

Cadence reports Q2 revenue up 24.2% YoY to $1.58B and raises its annual revenue forecast to between $6.26B and $6.34B vs. $6.21B est.; CDNS up 4%+ after hours (www.reuters.com)
6 days ago

Amazon files an FCC application to deploy a constellation of up to 5,105 satellites starting in 2028 to provide direct-to-device voice and data connectivity (www.reuters.com)
7 days ago Amazon

Nvidia launches the Open Secure AI Alliance, a coalition with Hugging Face and others to develop and share tools for AI safety and cybersecurity (www.reuters.com)
7 days ago AI Nvidia

European satellite operators Eutelsat and SES stand to receive ~$6.1B in combined payments for clearing satellite spectrum for US wireless services (www.reuters.com)
7 days ago Europe

India eases foreign investment rules for e-commerce companies, a win for Amazon, which lobbied to buy goods directly from Indian sellers and sell them overseas (www.reuters.com)
7 days ago India Amazon

Shein's IPO prospectus shows Q1 revenue of $9.05B, up 1% YoY, as it swings from $395M profit in Q1 2025 to $99M loss partly due to US' “de minimis” rule removal (www.reuters.com)
7 days ago IPO

China's market regulator says it had fined and confiscated ~$770M from Trip.com for abusing its dominant position in the domestic online hotel-booking market (www.reuters.com)
8 days ago China

Verizon CEO Dan Schulman says Verizon will provide dark-fiber connectivity for Google's data centers in a $1B+ deal, with more such deals in the pipeline (www.reuters.com)
9 days ago Google

Sources: CXMT expelled Huawei-linked SiCarrier staff from its R&D zone amid a pricing dispute, as Chinese memory makers flex their newfound clout to hike prices (www.reuters.com)
9 days ago China

Nvidia and SK Group unveil a $500B+ AI initiative that includes an SK Hynix partnership to secure next-gen memory supply for Nvidia and joint development of HBM (www.reuters.com)
9 days ago AI Nvidia

Sources: OpenAI's models breached Hugging Face from July 11 to 13 and OpenAI realized their models were behind the hack several days later (www.reuters.com)
9 days ago

An appeals court narrowly blocks Texas from enforcing a monitoring and filtering requirement under its children's online safety law, over Section 230 preemption (www.reuters.com)
9 days ago Texas

Sources: Anduril is in talks with investors for a new funding round that could see it valued at around $100B; the company raised $5B at a $61B valuation in May (www.reuters.com)
9 days ago

Delhi High Court rules OpenAI's use of ANI content to train ChatGPT wasn't copyright infringement as the news agency didn't show ChatGPT reproduced its reports (www.reuters.com)
9 days ago

Preliminary findings: the EU Commission says TikTok's accounts for minors violate the DSA, citing features that could expose children to bullying and predators (www.reuters.com)
10 days ago

The US OCC denies Wise's application to create a national trust bank, citing incompatibility with new Federal Reserve policies; Wise says it plans to reapply (www.reuters.com)
10 days ago

The Pentagon signs an up-to-10-year contract with Oracle worth up to $7B to consolidate department's on-premises software licenses into a single contract (www.reuters.com)
10 days ago Oracle Pentagon

Foundation Future Industries, backed by Eric Trump, partners with AMD to develop autonomous humanoid robots using the AMD Ryzen AI Embedded X100 Series chips (www.reuters.com)
10 days ago Trump AI Robot AMD

Sources: India has ordered telecom companies to disable mobile data services in central Delhi, amid youth protests seeking the education minister's resignation (www.reuters.com)
10 days ago India Mobile Education

The European Commission approves the $55B acquisition of EA by a group of investors including Saudi Arabia's PIF, Silver Lake, and Affinity (www.reuters.com)
10 days ago Europe Arabia Silver Saudi Arabia

IBM acquires HRL Laboratories from Boeing and General Motors, seeking to integrate HRL's electron spin quantum circuits into its quantum computers (www.reuters.com)
10 days ago IBM Boeing Quantum

Sources: Jeff Bezos pushed Prime Video head Mike Hopkins to highlight AI in an overhaul of the service, leading to an internal effort called Project Lighthouse (www.reuters.com)
10 days ago AI Jeff Bezos

Crypto exchange BitMEX says it will shut down on September 23 and users' assets are safe; Trump pardoned its founders in 2025 for failing to implement AML rules (www.reuters.com)
10 days ago Trump Asset

Sources: Intel and AMD are signing longer-term server CPU purchase commitments with Chinese customers; prices of some CPU products are up 40%+ in China YTD (www.reuters.com)
11 days ago China Intel AMD

Tesla reports a negative Q2 free cash flow of $1.1B, its first in over two years, partly due to increased AI and robotic investments, amid diminishing profits (www.reuters.com)
11 days ago AI Tesla Robot

Sources: Cathedral, launched by ex-DOGE staffers to use AI to expand US military cyber capabilities, raised $160M led by a16z and Sequoia at a $1.4B valuation (www.reuters.com)
11 days ago AI

UK publisher Bloomsbury says it is among the beneficiaries of the $1.5B Anthropic settlement; 14,087 of its titles are covered, with ~$3K in compensation each (www.reuters.com)
12 days ago

Super Micro says Q4 orders have topped $60B and expects gross margins of 15% to 17%, up from its prior forecast of 8.2% to 8.4%; SMCI jumps 13%+ after hours (www.reuters.com)
12 days ago 4Q

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