Articles from www.reuters.com

Articles from www.reuters.com

Experts say TCS' decision to cut 12K jobs signals the start of an AI-fueled trend that could eliminate ~500K jobs in India's $283B IT sector within three years (www.reuters.com)
18 days ago India AI

Ripple and the SEC agree to dismiss their court appeals, ending a lawsuit but leaving a judge's injunction on XRP sales to institutions and a $125M fine intact (www.reuters.com)
19 days ago XRP

SMIC reports Q2 revenue up 16.2% YoY to $2.2B, in line with expectations, and profit down 19.5% YoY to $132.5M, below $183.35M est. (www.reuters.com)
20 days ago

Ripple plans to acquire stablecoin payments platform Rail for $200M, set to close in Q4 2025; Rail says it handles 10% of all global stablecoin payment activity (www.reuters.com)
20 days ago 4Q

State Department cable: Marco Rubio orders diplomats in Europe to lobby against the DSA, arguing it imposes free speech restrictions and high compliance costs (www.reuters.com)
20 days ago Europe

Sen. Tom cotton sends a letter to Intel's board chair with questions about CEO Lip-Bu Tan's ties to China and subpoenas during his tenure as Cadence Design CEO (www.reuters.com)
20 days ago China Intel

South Korea's top trade envoy Yeo Han-koo says Samsung and SK Hynix will not be subject to 100% tariffs on US chip imports, citing the US-South Korea trade deal (www.reuters.com)
20 days ago Korea Samsung

Taiwan's chip sector is cultivating overseas talent with summer camps and university courses to address a shortage of skilled professionals and production staff (www.reuters.com)
20 days ago Taiwan

A term sheet shows Ant will sell its remaining 5.84% Paytm stake via block deals that could total ~$433.72M; Ant sold a 4% stake in May and 10.3% in August 2023 (www.reuters.com)
20 days ago

Sources: Intel's 18A process yield has remained low, with only ~5% of its Panther Lake chips meeting its specifications in late 2024 and ~10% by summer 2025 (www.reuters.com)
20 days ago Intel

Cisco Talos finds a flaw in the Broadcom BCM5820X chip used in Dell's ControlVault security firmware, affecting 100+ laptop models; Dell issued patches in 2025 (www.reuters.com)
20 days ago Cisco

The US DOJ says two Chinese nationals were arrested in California and charged with illegally shipping AI chips, like Nvidia H100s, to China from 2022 to 2025 (www.reuters.com)
20 days ago China AI Nvidia California

Linda Yaccarino is named CEO of digital health platform eMed Population Health, less than a month after she stepped down as CEO of X (www.reuters.com)
20 days ago

AMD reports Q2 data center revenue up 14% YoY to $3.2B, as CEO Lisa Su says AI chip revenue fell YoY due to the US' China export curbs and the MI350 transition (www.reuters.com)
20 days ago China AI AMD

Latin American e-commerce giant MercadoLibre reports Q2 net revenue up 34% YoY to $6.8B, vs. $6.7B est., and net income down 1.5% YoY to $523M, vs. $596M est. (www.reuters.com)
20 days ago U.S. Latin America

Court filings: Indian agencies ordered X to remove ~1,400 posts or accounts from March 2024 to June 2025, as X and Modi's government clash over content rules (www.reuters.com)
20 days ago India

Shopify reports Q2 revenue up 31% YoY to $2.68B, above $2.55B est., GMV up 31% YoY to $87.84B, and forecasts Q3 revenue above estimates; SHOP closes up 22% (www.reuters.com)
20 days ago Shopify

Sources: Singapore-based used car online marketplace Carro is preparing for a US IPO as soon as 2026, aiming to raise up to $500M at a $3B+ valuation (www.reuters.com)
20 days ago IPO Singapore

Bumble reports Q2 revenue down 8% YoY to $248.2M, vs. $245.1M est., a $367M net loss, and total paying users down 8.7% YoY to 3.8M; BMBL falls 9%+ after hours (www.reuters.com)
20 days ago

Duolingo reports Q2 revenue up 41% YoY to $252.3M, above $240.7M est., raises FY 2025 revenue forecast to $1.01B-$1.02B, above est.; DUOL jumps 14%+ after hours (www.reuters.com)
20 days ago

Rillet, which is building AI ledger software to automate accounting tasks, raised a $70M Series B co-led by a16z and Iconiq, a source says at a ~$500M valuation (www.reuters.com)
20 days ago

The NHTSA certifies Amazon's Zoox self-driving vehicles for demonstration use and closes a probe from 2022 into whether they complied with federal requirements (www.reuters.com)
20 days ago

Lyft reports Q2 revenue up 11% YoY to $1.59B vs. $1.61B est., gross bookings up 12% to $4.5B, rides up 14% to 234.8M vs. 235.9M est.; LYFT drops 4%+ after hours (www.reuters.com)
20 days ago

DoorDash reports Q2 revenue up 25% YoY to $3.28B vs. $3.16B est., total orders up 20%, and forecasts Q3 gross order value above est.; DASH jumps 8%+ after hours (www.reuters.com)
20 days ago

Roblox's average DAUs grew 41% YoY to 111.8M in Q2 and hours engaged rose 58% YoY to 27.4B, driven by the success of tycoon-style farming game Grow a Garden (www.reuters.com)
25 days ago

Sources: thousands of US export license applications, including for Nvidia's shipments of AI chips to China, are stalled due to US Commerce Department turmoil (www.reuters.com)
26 days ago China AI Nvidia

Sources: CapitalG and Nvidia are in talks to invest in Vast Data, which could value the AI infrastructure provider at ~$30B, up from $9.1B in 2023 (www.reuters.com)
26 days ago AI Nvidia

Neuralink plans a UK clinical trial to test how its chips let patients with severe paralysis control devices with thoughts, marking its entry into the country (www.reuters.com)
26 days ago

AI infrastructure company fal, which runs audio, video, and image models on behalf of enterprises, raised a $125M Series C led by Meritech at a $1.5B valuation (www.reuters.com)
26 days ago AI

Israel-based Noma Security, whose platform secures enterprise data and AI models against AI agents, raised a $100M Series B, bringing its total funding to $132M (www.reuters.com)
27 days ago Israel AI

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