Articles from www.reuters.com

Articles from www.reuters.com

Cadence Design to acquire Hexagon's Stockholm-based design and engineering unit, a computer-aided engineering software provider, for €2.7B in cash and stock (www.reuters.com)
7 days ago

Nvidia opposes the GAIN AI Act, saying the proposed US law forcing AI chipmakers to sell to US buyers first is “just another variation of the AI Diffusion Rule” (www.reuters.com)
8 days ago AI Nvidia

Two authors file a proposed class action lawsuit against Apple, alleging Apple knowingly used a dataset of pirated books to train its AI models (www.reuters.com)
8 days ago AI Apple

Sources: chip design workers at ByteDance, many based in Beijing or Shanghai, unexpectedly discovered last week that they are part of a Singapore unit (www.reuters.com)
8 days ago Singapore Shanghai

ID.me, a digital ID service used by US agencies like the IRS, raised a $340M Series E led by Ribbit at a $2B+ valuation, bringing its total funding to $580M+ (www.reuters.com)
9 days ago

Research and 25 experts, victims, and execs: North Korean hackers are saturating the crypto industry with credible-seeming job offers in a bid to steal crypto (www.reuters.com)
9 days ago Korea

Sources: Alibaba, ByteDance, and other Chinese tech companies remain keen on Nvidia's AI chips despite Beijing strongly discouraging them from such purchases (www.reuters.com)
9 days ago China Alibaba AI Nvidia

American Bitcoin closed up 16.5% in its Nasdaq debut on Wednesday, valuing Eric Trump and Donald Trump Jr.'s stake in the bitcoin mining company at $1.5B (www.reuters.com)
10 days ago Trump U.S. Bitcoin

The FTC and Utah say Pornhub operator Aylo has agreed to pay a $5M fine to settle charges that it did little to block CSAM and non-consensual material (www.reuters.com)
10 days ago

Israeli cybersecurity company Cato Networks acquires Aim Security, sources say for ~$350M, its first acquisition, says it passed $300M in ARR, and raised $50M (www.reuters.com)
10 days ago Israel

HappyRobot, which uses AI to automate freight operator communications, raised a $44M Series B led by Base10 Partners, a source says at a ~$500M valuation (www.reuters.com)
10 days ago AI

A US district judge rules that Amazon must face a class action lawsuit involving 288M customers over claims it overcharged for products sold by third parties (www.reuters.com)
11 days ago Amazon

Blockchain-based lender Figure plans to sell 26.3M shares priced between $18 and $20 to raise up to $526.3M in its US IPO, targeting a valuation of ~$4.13B (www.reuters.com)
11 days ago Blockchain IPO

Internal data: Amazon registered 5.4M US Prime sign-ups over the 21-day run-up to Prime Day and the four-day event, ~116K less than 2024 and 106K below its goal (www.reuters.com)
11 days ago Amazon

Source: Indian fantasy sports startup Mobile Premier League plans to lay off ~60% of its local workforce, after the government banned online real-money games (www.reuters.com)
13 days ago India Mobile Startup

TikTok suspends its live feature for the “next few days” in Indonesia, citing “increasing violence in protests” over lawmakers' pay (www.reuters.com)
14 days ago Indonesia

Meta created and let users create flirty chatbots and intimate images using the names and likenesses of Taylor Swift and other celebs without their permission (www.reuters.com)
15 days ago chatbot

Sources: Google is set to face a modest EU antitrust fine over adtech practices, in an investigation triggered by a complaint by the European Publishers Council (www.reuters.com)
15 days ago Europe Google

xAI sues a former employee in federal court in California for allegedly stealing Grok trade secrets and taking them to OpenAI, where he recently accepted a job (www.reuters.com)
15 days ago California

The US makes it harder for Samsung, SK Hynix, and Intel to produce chips in China by revoking waivers for the use of US equipment in their Chinese operations (www.reuters.com)
15 days ago China Intel Samsung

India's largest telco Reliance Jio, owned by Asia's richest man Mukesh Ambani, says it aims to list its shares through an IPO in India by the first half of 2026 (www.reuters.com)
15 days ago India IPO Asia

Autodesk reports Q2 revenue up 17% to $1.76B, vs. $1.73B est., forecasts Q3 revenue above est., and raises its annual forecasts; ADSK jumps 10%+ after hours (www.reuters.com)
16 days ago

xAI launches Grok Code Fast 1, a “speedy and economical” agentic coding model, available for free for a limited time on GitHub Copilot, Cursor, Windsurf, more (www.reuters.com)
16 days ago GitHub

Didi reports Q2 revenue up 10.9% YoY to ~$7.8B, overseas revenue up 28% YoY, and a ~$350M net loss, driven by a one-off ~$740M charge in a shareholder lawsuit (www.reuters.com)
16 days ago

Report: German banks blocked €10B+ in PayPal payments on Monday over fraud concerns; PayPal says a temporary service interruption affected some transactions (www.reuters.com)
17 days ago Germany

Sources: ByteDance plans an employee share buyback at $200.41/share, valuing it at $330B+, up from $315B in March 2025, and its Q2 revenue grew 25% YoY to $48B (www.reuters.com)
17 days ago

Taiwan indicts three people for allegedly stealing TSMC's 2nm secrets to help Tokyo Electron, the first such case, and recommends a combined 14-year prison term (www.reuters.com)
17 days ago Taiwan Tokyo

Court filing: Elon Musk's lawyers ask a US judge to block OpenAI from obtaining documents from Meta related to a previous $97.4B bid for OpenAI's assets (www.reuters.com)
17 days ago Elon Musk Asset

Internal memo: Indian IT services giant TCS forms a new unit for AI-based operations and names Amit Kapur, who led TCS' UK and Ireland business, as its chief (www.reuters.com)
18 days ago India AI Ireland

Sources: Klarna seeks a $13B to $14B valuation in its IPO next month, selling shares for $34-$36 as early as this week; Klarna sought a ~$50B valuation in 2021 (www.reuters.com)
18 days ago IPO

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