Articles from www.reuters.com

Articles from www.reuters.com

New Zealand-based Halter, which provides smart collars and geofencing software for the dairy industry, raised a $100M Series D led by Bond at a $1B valuation (www.reuters.com)
15 days ago New Zealand

A federal judge rejects a joint motion by Ripple Labs and the US SEC to approve a reduced $50M fine to settle a lawsuit over XRP sales, and chastises both sides (www.reuters.com)
15 days ago XRP

Amazon's VP of Generative AI Vasi Philomin left for another company; VP of Amazon Elastic Block Store Rajesh Sheth assumed some of Philomin's responsibilities (www.reuters.com)
15 days ago Amazon AI

A group of authors sue Microsoft in a NY federal court, claiming the company used nearly 200,000 pirated books without permission to train its Megatron AI model (www.reuters.com)
16 days ago Microsoft AI

New Zealand-based Xero, which offers accounting software for small businesses, agrees to acquire payments software company Melio in a $2.5B+ cash-and-stock deal (www.reuters.com)
17 days ago New Zealand

CareerBuilder + Monster, which once dominated the online recruitment industry, files for Chapter 11 and agrees to sell its job board operations to JobGet (www.reuters.com)
17 days ago

Internal memo: Goldman Sachs launches a generative AI assistant firmwide to boost productivity; around 10,000 employees are already using the GS AI Assistant (www.reuters.com)
18 days ago AI Goldman

Decagon, which offers AI-powered customer service agents for enterprises, raised a $131M Series C co-led by Accel and a16z at a $1.5B valuation (www.reuters.com)
18 days ago AI

The FTC approves Omnicom's $13.5B acquisition of rival Interpublic on the condition that the new company does not boycott platforms over political content (www.reuters.com)
18 days ago

Snowcap Compute, which is working on building AI computing chips using superconducting tech, raised a $23M seed and says Pat Gelsinger will join its board (www.reuters.com)
18 days ago AI

Wealthfront, which uses AI to build investment portfolios, confidentially files for a US IPO; it was valued at $1.4B in 2022 during a failed acquisition by UBS (www.reuters.com)
18 days ago IPO AI

A senior US official says DeepSeek is aiding China's military and intel operations, going beyond open-source AI model access, and evading US export controls (www.reuters.com)
18 days ago China Intel AI

Austin-based PE firm Haveli Investments agrees to acquire Couchbase, which offers a cloud database for AI applications, for about $1.5B (www.reuters.com)
19 days ago Database AI

Texas enacts legislation, effective September 1, requiring a permit to operate self-driving vehicles, just before Tesla's planned robotaxi trial in Austin (www.reuters.com)
19 days ago Tesla Autonomous Car Texas

Corporate travel and expense management service Navan, formerly known as TripActions, confidentially files for a US IPO; it was valued at $9.2B in October 2022 (www.reuters.com)
21 days ago IPO

Sources: Foxconn and Nvidia are in talks to deploy humanoid robots at a new Foxconn factory in Houston by Q1 2026 to produce Nvidia AI servers (www.reuters.com)
21 days ago AI Robot Nvidia

South Korea's SK Group and AWS will invest ~$5.1B including $4B from AWS to build a 100 MW AI data center in Ulsan by 2029, and plan to expand capacity to 1 GW (www.reuters.com)
21 days ago Korea AI

China's 618 mid-year shopping festival, running for a month from May 13, was a muted affair despite deep discounts, as economic concerns weigh on consumers (www.reuters.com)
22 days ago China

Careem, Uber's ride-hailing MENA arm, will suspend its decade-old Pakistan service on July 18, citing economic challenges, competition, and capital constraints (www.reuters.com)
23 days ago Uber

Bitmain, Canaan and MicroBT, which build 90%+ of crypto mining rigs, are setting up US manufacturing footholds as Trump's tariff war reshapes the supply chain (www.reuters.com)
24 days ago Trump Manufacturing

US appeals court rules in Apple's favor by throwing out a $300M verdict that found it infringed on Optis' wireless tech patents, sending the case to a new trial (www.reuters.com)
24 days ago Apple

The UK CMA launches a probe into the planned $13.25B merger of ad giants Omnicom and Interpublic to assess potential competition reduction in the UK ad market (www.reuters.com)
25 days ago

Dealogic: tech deals accounted for $421B of the $1.67T in global deals announced in the first five months of 2025, with 75% of tech M&A involving AI software (www.reuters.com)
26 days ago AI

Sources: Google, Scale AI's largest customer, plans to cut ties with the company after the Meta deal; Microsoft, OpenAI, and xAI also plan to step back (www.reuters.com)
28 days ago Google Microsoft AI

Customs data shows Foxconn exported $3.2B worth of iPhones from India between March and May, with an average 97% to the US, up from a 2024 average of 50.3% (www.reuters.com)
29 days ago India

Cloud computing startup Crusoe plans to buy ~$400M worth of AI chips from AMD to rent to customers for its US data center that will come online by fall (www.reuters.com)
29 days ago Startup AI AMD

Mattel partners with OpenAI to create AI-powered toys and games, with the first product expected in 2025, and integrates ChatGPT Enterprise in its business (www.reuters.com)
29 days ago AI

Nvidia plans to build its first industrial AI cloud platform in Germany for European manufacturers, combining AI with robotics to assist carmakers like BMW (www.reuters.com)
30 days ago Germany Europe AI Robot Nvidia

A majority of six of the 11 judges on Brazil's Supreme Court have voted to hold social media companies liable for some types of users' content seen as illegal (www.reuters.com)
30 days ago Brazil

Sources: CoreWeave will provide computing capacity to Google as part of Google's cloud deal with OpenAI; Google will also supply its own compute to OpenAI (www.reuters.com)
30 days ago Google

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