(Reuters) -OpenAI said on Monday that its annualized revenue run rate surged to $10 billion as of June, positioning the…
Category: Business
Disney to pay additional $438.7 million for NBCU’s stake in Hulu
(Reuters) -Walt Disney said on Monday it has completed its purchase of Hulu, agreeing to pay NBCUniversal an additional $438.7…
Retail traders scooped up Tesla as Trump-Musk spat hit stock
By Suzanne McGee and Saqib Iqbal Ahmed NEW YORK (Reuters) -Retail investors seem to have spotted an opportunity in the…
Stablecoin firm Circle adds to stellar first day gains with another stock surge
By Arasu Kannagi Basil (Reuters) -Stablecoin issuer Circle Internet’s shares climbed 48% on Friday, extending a stellar run after a…
STMicro to cut 5,000 jobs in next 3 years, says CEO
By Nathan Vifflin (Reuters) -STMicroelectronics expects 5,000 staff to leave the company in the next three years, including 2,800 job…
Apple and Alibaba’s AI rollout in China delayed by Trump’s trade war, FT reports
(Reuters) – Apple and Alibaba’s rollout of artificial intelligence services in China is being delayed by a Beijing regulator, the…
AI-driven search ad spending set to surge to $26 billion by 2029, data shows
By Jaspreet Singh (Reuters) -Spending on AI-powered search advertising is poised to surge to nearly $26 billion by 2029 from…
JPMorgan gives consumer banking head Lake more responsibility as incumbent leaves
(Reuters) -JPMorgan Chase has given Marianne Lake, widely seen as a potential successor to CEO Jamie Dimon, the additional responsibility…
Palantir defies tech gloom as Trump momentum powers stellar share gains
By Arsheeya Bajwa (Reuters) -Palantir Technologies has succeeded where most tech stocks have struggled this year: staying hot in a…
Disney laying off several hundred in film, TV, finance
(Reuters) -Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a source familiar…