Articles from www.reuters.com

Articles from www.reuters.com

Sensor Tower: daily US users of PDD Holdings' Temu fell by 58% in May; the US closed the “de minimis” loophole on May 2, and Temu then slashed its ad spending (www.reuters.com)
26 days ago Sensor

Aerones, which makes robots that can service wind turbines in about half the time of humans, raised $62M led by Activate Capital and S2G Investments (www.reuters.com)
27 days ago Robot

Microsoft, Google, CrowdStrike, and Palo Alto plan a public glossary of state-sponsored hacking groups to ease confusion over the spread of unofficial aliases (www.reuters.com)
27 days ago Google Microsoft

UK neobank Monzo reports FY 2025 revenue up 48% YoY to £1.2B, a £60.5M pre-tax profit, up from £13.9M in FY 2024, deposits up 48% YoY to £16.6B, and 12M+ users (www.reuters.com)
27 days ago Tax

Sources: Anthropic's annualized revenue hit ~$3B at the end of May, driven by business demand, up from $2B around the end of March and ~$1B in December 2024 (www.reuters.com)
30 days ago

Letter: Synopsys tells staff to stop sales, services, and new orders in China to comply with new US export curbs, and pulls its annual and quarterly forecasts (www.reuters.com)
30 days ago China

The US Department of Energy says its Doudna supercomputer, due in 2026, will use Nvidia's latest Vera Rubin chips built into liquid-cooled servers by Dell (www.reuters.com)
2025-5-30 Energy Nvidia

Marvell reports Q1 revenue up 63% YoY to $1.9B, vs. $1.88B est., data center revenue up 76% YoY to $1.44B, and forecasts Q2 revenue above est. on AI chip demand (www.reuters.com)
2025-5-30 AI

Filing: the US SEC voluntarily dismissed its 2023 lawsuit against Binance and CZ that accused them of diverting customer funds, misleading investors, and more (www.reuters.com)
2025-5-30

Grammarly raised $1B in non-dilutive funding from General Catalyst to expand its AI tools; 2005-founded Grammarly has $700M+ in annual revenue and is profitable (www.reuters.com)
2025-5-30 AI

Chalk, which lets enterprises input proprietary data into AI and ML models quickly for inference, raised a $50M Series A led by Felicis at a $500M valuation (www.reuters.com)
2025-5-29 AI

Salesforce reports Q1 revenue up 8% YoY to $9.83B, vs. $9.75B est., and raises its FY 2026 revenue forecast to between $41B and $41.3B (www.reuters.com)
2025-5-29 Salesforce

Marco Rubio says the US will impose visa bans on foreign nationals “who censor Americans” and calls arrest warrants for social media posts “unacceptable” (www.reuters.com)
2025-5-29 U.S.

Amazon and Stellantis say their deal, announced in 2022, to create in-car software and bring Fire TV to in-car entertainment systems, is “winding down” (www.reuters.com)
2025-5-29 Amazon

Sources: Shein is shifting its IPO plans from London to Hong Kong after failing to secure approval from Chinese regulators, and aims to file in the coming weeks (www.reuters.com)
2025-5-28 China Hong Kong IPO London

Global Payments says it will sell its Heartland Payroll Solutions unit, which has 50K+ clients, to Michigan-based fintech Acrisure for $1.1B, closing in H2 2025 (www.reuters.com)
2025-5-28 Fintech

Indian documents and emails: CCTV makers clashed with Indian regulators over rules requiring government labs to assess hardware, software, and source code (www.reuters.com)
2025-5-28 India

TSMC plans to open a design center in Munich in Q3 2025 to support European customers in designing chips for automotive, industrial, AI, and IoT applications (www.reuters.com)
2025-5-28 IoT Europe AI Munich

Capgemini says it is partnering with SAP to deploy custom Mistral AI tools for industries with stringent data requirements, such as aerospace and defense (www.reuters.com)
2025-5-26 AI

Australia's WiseTech agrees to buy US cloud logistics firm E2open for $2.1B including debt, offering $3.30 per share, a 24.5% premium on E2open's May 23 close (www.reuters.com)
2025-5-26 Australia Logistics

Sources: Nvidia plans to launch a new AI chip priced between $6,500 and $8,000, well below the $10,000-$12,000 the H20 sold for, after US export curbs (www.reuters.com)
2025-5-25 AI Nvidia

Thoma Bravo-backed Nearmap agrees to acquire property and casualty insurance tech provider itel from PE firm GTCR, a source says for over $1.3B, including debt (www.reuters.com)
2025-5-24 Insurance

Sources: Foxconn is among potential bidders for Singapore-based semiconductor assembly and testing firm UTAC in a deal that could value the company at ~$3B (www.reuters.com)
2025-5-23 Singapore

Sources: DOGE is using a customized Grok to analyze US government data, including at DHS where it has not been approved, raising security and privacy concerns (www.reuters.com)
2025-5-23

Sources: OnlyFans owner Fenix is in talks to sell OnlyFans to an investor group led by Forest Road Company at an ~$8B valuation and is also considering an IPO (www.reuters.com)
2025-5-23 IPO

The US FTC drops a case that sought to block Microsoft's $69B purchase of Activision Blizzard, saying that pursuing the case was not in the public interest (www.reuters.com)
2025-5-23 Microsoft

Marcos Galperin, founder and CEO of Latin American e-commerce giant MercadoLibre, will step down in late 2025 and be replaced by commerce head Ariel Szarfsztejn (www.reuters.com)
2025-5-22 U.S. Latin America

A US district judge rules Google and Character.AI must face a Florida woman's lawsuit claiming Character.AI's chatbots caused her 14-year-old son's suicide (www.reuters.com)
2025-5-22 Google AI chatbot

Zoom reports Q1 revenue up 3% YoY to $1.17B, in line with expectations, Enterprise revenue up 6% YoY to $704.7M, and raises its FY 2026 forecast above estimates (www.reuters.com)
2025-5-22

AT&T agrees to acquire Lumen's consumer fiber business for $5.75B, in an all-cash deal expected to close in H1 2026; LUMN jumps 13%+ after hours (www.reuters.com)
2025-5-22 AT&T

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