Articles from www.reuters.com

Articles from www.reuters.com

Lambda, which offers cloud services and computers to train AI, raised a $480M Series D, sources say at a $2.5B valuation, taking its total funding to $863M (www.reuters.com)
2025-2-20 AI

Court documents: Nigeria sues Binance to reclaim $79.5B in alleged economic losses it says were caused by its operations in the country and $2B in back taxes (www.reuters.com)
2025-2-20 Tax Nigeria

UK CMA submission: Apple says some of the CMA's mobile browser remedies will slow innovation and it would “not be appropriate” to mandate WebKit and iOS access (www.reuters.com)
2025-2-19 IOS Mobile Apple Browser

Google agrees to pay €326M to settle an Italian tax case from 2015 to 2019, covering sanctions, penalties, and interest; Milan prosecutors plan to drop the case (www.reuters.com)
2025-2-19 Italy Google Tax

Hexaware Technologies' stock rose as much as 10% on its trading debut, valuing the company at ~$5.44B, after the IT services firm raised $1B in its Indian IPO (www.reuters.com)
2025-2-19 India IPO

President Trump said tariffs on semiconductors would start at “25% or higher” and that he planned to provide some time for chip makers to set up US factories (www.reuters.com)
2025-2-19 Trump

Bumble reports Q4 revenue down 4.4% YoY to $261.6M, Bumble app paying users up 5% to 2.8M, and forecasts Q1 revenue below estimates; BMBL drops 13%+ after hours (www.reuters.com)
2025-2-19 4Q

Bain Capital says it will not launch a tender offer for Fuji Soft, after KKR raised its offer earlier this month for the Japanese IT company, valued at over $4B (www.reuters.com)
2025-2-18 Japan

South Korea's data protection authority says new app downloads of DeepSeek have been suspended in the country after DeepSeek failed to follow its privacy rules (www.reuters.com)
2025-2-17 Korea

Tencent is testing DeepSeek for search in its messaging app Weixin, while Baidu plans to fully connect its search engine to DeepSeek and its own LLM Ernie (www.reuters.com)
2025-2-17 Tencent

Filing: Nvidia cut its Arm stake by 43.8% to 1.1M shares in Q4, valuing its remaining stake at ~$181M as of Feb. 13, and discloses a position in China's WeRide (www.reuters.com)
2025-2-15 China 4Q Nvidia

Sources: China's President Xi will chair a symposium on February 17 to boost private sector sentiment, with Tencent CEO Pony Ma and other tech execs attending (www.reuters.com)
2025-2-15 China Tencent

Sources: the White House plans to renegotiate some Chips Act awards after reassessing requirements, and has signaled delays to some upcoming disbursements (www.reuters.com)
2025-2-14

Baidu says it plans to make its next-generation AI model, Ernie 4.5, open-source starting June 30, marking a major shift in strategy as competition heats up (www.reuters.com)
2025-2-14 AI

Sources: Arm is recruiting executives from its own customers in a push to sell its own chips, and is competing against Qualcomm to sell data center CPUs to Meta (www.reuters.com)
2025-2-14

Germany's Bundeskartellamt charges Apple with abusing its market power via App Tracking Transparency, giving itself preferential treatment, and requires changes (www.reuters.com)
2025-2-14 Germany Apple

Baidu says it will make its AI chatbot Ernie free starting April 1 to all users on both desktop and mobile platforms, citing improved tech and reduced costs (www.reuters.com)
2025-2-13 Mobile AI chatbot

Sources: Bain Capital, Advent International, and EQT AB are among the PE firms competing to acquire Trend Micro, which has a market value of about $8.54B (www.reuters.com)
2025-2-13

Trump nominates Apple exec Jonathan Morrison to the NHTSA; Morrison was NHTSA chief counsel in Trump's first term and informed Tesla of inaccurate safety claims (www.reuters.com)
2025-2-13 Trump Apple Tesla

Riyadh-based BNPL startup Tabby raised a $160M Series E led by Blue Pool Capital at a $3.3B valuation; CEO Hosam Arab expects an IPO within 18 months (www.reuters.com)
2025-2-12 IPO Startup

US chip startup Groq says it has secured a $1.5B commitment from Saudi Arabia to expand the delivery of its AI chips to the country over the course of this year (www.reuters.com)
2025-2-12 Startup AI Arabia Saudi Arabia

Reno, Nevada-based Positron, which sells AI chips intended for inference and manufactured in Arizona, raised a $23.5M seed from Flume, Valor Equity, and others (www.reuters.com)
2025-2-12 AI Equity

DoorDash reports Q4 revenue up 25% YoY to $2.87B, vs. $2.84B est., total orders up 19% YoY to 685M, and plans to buy back shares worth up to $5B in FY 2025 (www.reuters.com)
2025-2-12 4Q

Filing: Binance and the US SEC have jointly asked a judge to stay the regulator's lawsuit against the crypto exchange for 60 days, citing Trump admin changes (www.reuters.com)
2025-2-12 Trump

SMIC reports Q4 profit down 38% YoY to $107.6M, below $193.5 est., revenue up 32% YoY to $2.2B, above $2.18B est., and $7.33B capex in 2024, vs. $4.5B in 2021 (www.reuters.com)
2025-2-12 4Q

Boston-based QuEra Computing, which is developing neutral-atom quantum computing to help scale systems, raised $230M+ from Google's Quantum AI unit and others (www.reuters.com)
2025-2-12 Google AI Quantum

Paris AI summit: US VP JD Vance warns the EU that excessive AI regulation could strangle the tech and rejects content moderation as “authoritarian censorship” (www.reuters.com)
2025-2-11 AI Paris

Sources: OpenAI is finalizing its first in-house chip design in the next few months, to cut its Nvidia reliance, and plans to send it for fabrication at TSMC (www.reuters.com)
2025-2-11 Nvidia

TrendForce: China's share of global mature node manufacturing capacity in 2024 was 34%, vs. Taiwan's 43%; China's share is forecasted to exceed Taiwan's by 2027 (www.reuters.com)
2025-2-10 China Taiwan Manufacturing

SolarWinds says it will go private in a $4.4B deal with buyout firm Turn/River Capital (www.reuters.com)
2025-2-8

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