(Reuters) -The U.S. is considering unilateral restrictions on China’s access to AI memory chips such as those made by Micron Technology and SK Hynix and equipment capable of making such semiconductors, as soon as next month, Bloomberg News reported on Wednesday. The measures are meant to prevent Micron, and South Korea’s SK Hynix and Samsung…
By Niket Nishant and Manya Saini (Reuters) -As PayPal embarks on an ambitious turnaround strategy to revitalize growth after a post-pandemic slump, Wall Street analysts expressed some caution over competition from Big Tech and beyond. The concerns highlight the challenges to the profit margins of the company, which for years enjoyed the first-mover advantage in…
(Reuters) – Pershing Square USA said on Wednesday it was withdrawing its initial public offering, a day after hedge fund manager Bill Ackman’s new portfolio in the United States disclosed it would raise roughly $2 billion in capital. Ackman said on Wednesday he would revisit the IPO once he is ready to launch a revised…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – A Tesla Model S car was in “Full Self-Driving” mode when it hit and killed a 28-year-old motorcyclist in the Seattle area in April, police said, making it at least the second accident involving the technology on which Tesla CEO Elon Musk is pinning his hopes. The 56-year-old…
