By Abhirup Roy NORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian’s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from the design of its flagship SUVs and pickups. The result of Rivian retooling its manufacturing…
SEOUL (Reuters) – A nuclear-powered U.S. aircraft carrier, the Theodore Roosevelt, arrived in the South Korean port city of Busan on Saturday to take part in joint military exercises later this month with the host nation and Japan, naval officials said. The leaders of the three countries agreed at a summit last August to hold…
CAIRO (Reuters) – A drone attack caused damage to a merchant vessel 65 nautical miles west of Yemen’s Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) and British security firm Ambrey said on Sunday. “All crew members are reported safe, and the vessel is proceeding to its next port of call,” UKMTO said in an…
(Reuters) -Facebook parent Meta Platforms has discussed integrating Meta’s generative AI model into Apple Inc’s recently announced AI system for iPhones, the Wall Street Journal reported on Sunday. Apart from Google and Meta, AI startups Anthropic and Perplexity have also been in discussions with Apple to bring their generative AI to Apple Intelligence, the Journal…
By Andrew Mills DOHA (Reuters) – Nvidia has signed a deal to deploy its artificial intelligence technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern countries, Ooredoo’s CEO told Reuters. The agreement marks Nvidia’s first large-scale launch in a region to which Washington has curbed the export of sophisticated U.S….
By Nathan Layne and Trevor Hunnicutt (Reuters) – President Joe Biden is hunkered down with aides at Camp David for several days to get ready to debate rival Donald Trump, who is eschewing traditional preparation and instead holding informal policy discussions between campaign stops. The face-off in Atlanta, at 9 p.m. ET on Thursday (0100…
WASHINGTON (Reuters) – The United States slapped sanctions on 12 people in senior leadership roles at AO Kaspersky Lab on Friday, citing cybersecurity risks a day after the Biden administration announced plans to bar the sale of the Russian company’s antivirus software. The sanctions targeted company leadership including the chief business development officer, chief operating…
By Echo Wang (Reuters) -The S&P 500 and Nasdaq closed marginally lower on Friday, weighed down by a decline in Nvidia shares for a second straight day, which dragged down the technology sector. Technology was the biggest loser among the 11 major S&P 500 sectors, down 0.84%, weighed by Nvidia, while communication services led the…
(Reuters) – Under Armour said on Friday it would settle a 2017 shareholder class action lawsuit that accused the apparel maker and CEO Kevin Plank of intentionally misleading them about the company’s financial health. Under Armour said it intends to pay the settlement amount of $434 million through cash on hand as well as by drawing on…
By Tom Hals WILMINGTON, Delaware (Reuters) – A Delaware judge should recognize a vote by Tesla shareholders in favor of Elon Musk’s $56 billion pay package and reverse her January ruling that voided the compensation, the company said in a filing that was made public on Friday. In addition, Chancellor Kathaleen McCormick should not consider…
