Articles from www.reuters.com

Articles from www.reuters.com

Distributed Denial of Secrets: the TeleMessage hacker stole messages from 60+ US government users covering about one day ending May 4, including travel plans (www.reuters.com)
2025-5-21 Hacker

Sources: Intel is considering divesting its networking and edge businesses, which generated $5.8B in 2024 revenue, to focus on PC and data center chips (www.reuters.com)
2025-5-20 Intel

AMD announces it will sell the server-manufacturing business of recently acquired US-based ZT Systems to Sanmina in a $3B deal (www.reuters.com)
2025-5-20 Manufacturing AMD

China says the US must “immediately correct its wrongdoings” and stop “discriminatory” measures, after US guidance warning companies not to use Chinese AI chips (www.reuters.com)
2025-5-20 China AI

Xiaomi CEO Lei Jun says on Weibo that the company invested ~$1.9B to build its Xring O1 chip and plans to invest $6.9B+ in chip design over the next decade (www.reuters.com)
2025-5-19 Xiaomi

Addepar, which provides wealth management software, raised a $230M Series G co-led by Vitruvian Partners and WestCap at a $3.25B valuation, up from $2B in 2021 (www.reuters.com)
2025-5-18

Jensen Huang says Nvidia's next chip for China will not be from the Hopper series following US restrictions on Hopper H20 chip sales to China (www.reuters.com)
2025-5-18 China Nvidia

Utah-based property management software firm Entrata raised $200M from Blackstone at a $4.3B valuation; Entrata raised $507M from Silver Lake and others in 2021 (www.reuters.com)
2025-5-17 Silver

Source: Cohere crossed an annualized revenue of $100M as of May 2025, following a strategic shift in Q3 2024 to focus on customers in sectors like finance (www.reuters.com)
2025-5-17

Charter announces plans to merge with Cox Communications in a deal that values Cox at $34.5B including debt and unites two of the biggest US cable providers (www.reuters.com)
2025-5-16

Xiaomi CEO Lei Jun unveils the XringO1, the company's first self-developed advanced phone chip, set to launch later in May, without giving any further details (www.reuters.com)
2025-5-16 Xiaomi

Coinbase says hackers accessed data for a “small subset” of users, but not login credentials, expects to incur $180M-$400M in costs, and refuses a $20M ransom (www.reuters.com)
2025-5-15 Coinbase

CoreWeave plans to spend $20B to $23B in 2025 on AI infrastructure and data center capacity to meet demand, including from Microsoft; CRWV drops 7%+ after hours (www.reuters.com)
2025-5-15 Microsoft AI

Chinese sites like JD.com are offering discounts of up to 2,530 yuan, ~$350, on iPhone 16 models, an effort to spur sales after Q1 shipments fell (www.reuters.com)
2025-5-15 China iPhone

Waymo recalls 1,212 vehicles to update software and address collision risks, after the NHTSA opened an investigation in May 2024 following reports of incidents (www.reuters.com)
2025-5-15

Sources: Microsoft is set to stave off a possible hefty EU antitrust fine, after it unbundled Teams from Office in 2023, following a complaint by Slack in 2020 (www.reuters.com)
2025-5-15 Microsoft Slack

AMD approves a new $6B share buyback program, boosting its total repurchase authority to ~$10B, with no termination date; AMD jumps 5%+ (www.reuters.com)
2025-5-14 AMD

At a JP Morgan event, Intel CFO David Zinsner says committed volumes for Intel's new 18A and 14A chips from external customers are currently “not significant” (www.reuters.com)
2025-5-14 Intel

Sources: Shenzhen government-owned chip equipment maker SiCarrier, a key Huawei supplier, is seeking ~$2.8B at an $11B valuation in its first fundraising round (www.reuters.com)
2025-5-14 Shenzhen

American Bitcoin, a bitcoin miner backed by Donald Trump Jr. and Eric Trump, said it will list on the Nasdaq via an all-stock merger with Gryphon Digital Mining (www.reuters.com)
2025-5-13 Trump U.S. Bitcoin

Chegg says subs dropped 31% in Q1 to 3.2M; it will lay off 248 employees, or ~22% of its staff, to cut costs as students keep turning to AI tools like ChatGPT (www.reuters.com)
2025-5-13 AI

Chinese government data: Chinese shipments of foreign-branded cellphones, including iPhones, dropped by 49.6% YoY to 1.887M in March 2025 (www.reuters.com)
2025-5-12 China

Israeli quantum computing startup Classiq raised a $110M Series C led by Entree Capital, taking its total funding to $173M since its 2020 founding (www.reuters.com)
2025-5-12 Israel Startup Quantum

Japan's NTT, which owns 57.7% of IT services provider and data center operator NTT Data, launches a $16.4B take-private tender offer to buy the remaining stake (www.reuters.com)
2025-5-10 Japan

Google agrees to pay $50M to settle a lawsuit accusing it of systemic racial bias against Black employees, covering 4,000+ employees in California and New York (www.reuters.com)
2025-5-10 Google New York California

Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., increases its share buyback program to $750M after activist pressure; LYFT jumps 6%+ after hours (www.reuters.com)
2025-5-9

The UK says the Digital Services Tax remains unchanged under the trade deal agreed between the US and the UK, both of which will work on a “digital trade deal” (www.reuters.com)
2025-5-9 Tax

SMIC reports Q1 revenue up 28.4% YoY to $2.2B, vs. $2.3B est., profit up 161.9% YoY to $188M, vs. $222.4M est., and says H2 has “opportunities and challenges” (www.reuters.com)
2025-5-8

In prepared Senate testimony, Microsoft and others urge US lawmakers to streamline federal AI energy permits and open government data sets for AI training (www.reuters.com)
2025-5-8 Microsoft Energy AI Senate

Nebius Group's Toloka, which uses human experts to train and evaluate AI models and has worked with Amazon and Anthropic, raised $72M led by Bezos Expeditions (www.reuters.com)
2025-5-8 Amazon AI

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