By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Intel has received 515.55 million euros ($536 million) in default interest from EU antitrust regulators related to a 1.06 billion euro fine levied in 2009, EU antitrust chief Teresa Ribera has told EU lawmakers. Intel sued the European Commission for 593 million euros in 2022 after…
By Jessica DiNapoli NEW YORK (Reuters) – Colgate Palmolive is looking at ways to reduce the impact of possible tariffs on its toothpastes, which the company manufactures in Mexico for the U.S. market, Chief Financial Officer Stan Sutula said on a call with Wall Street analysts on Friday. Sutula’s comments come one day before President…
By Jarrett Renshaw and Karen Freifeld WASHINGTON (Reuters) -U.S. President Donald Trump will meet with Nvidia chief executive Jensen Huang at the White House on Friday, a White House official said, following reports the Trump administration is studying new ways to restrict AI chip sales to China. Details about the meeting were not immediately available….
By Atharva Singh and Arasu Kannagi Basil (Reuters) -Infinity Natural Resources notched a valuation of $1.30 billion after shares of the oil and natural gas producer jumped nearly 11% in their New York Stock Exchange debut on Friday. The listing comes amid a steady stream of initial public offerings by energy companies against the backdrop…
By Niket Nishant and Manya Saini (Reuters) – Blackstone said on Thursday its massive investments in data centers would not be undermined by the low-cost artificial intelligence models from China’s DeepSeek, as the need for physical infrastructure was still vital for AI. The alternative asset manager, which has $80 billion worth of leased data centers,…
LONDON (Reuters) – Gold exports from Switzerland rose year on year in December as supplies to the United States soared to the highest since March 2022 and offset lower deliveries to top consumer China, Swiss customs data showed on Thursday. Switzerland, the world’s biggest bullion refining and transit hub, along with Britain, home to the…
By Deborah Mary Sophia and Joel Jose (Reuters) -Investors punished Microsoft with a 6% share drop on Thursday as hefty AI bets failed to drive a big increase in its cloud revenue, while Meta rose 4% after CEO Mark Zuckerberg assured Wall Street about growth with promises of a “really big year”. The chief executives…
By Zaheer Kachwala and Siddarth S (Reuters) -Tesla shares gained more than 2% on Thursday after CEO Elon Musk vowed to launch long-awaited cheaper models in the first half of 2025 and start testing an autonomous ride-hailing service in June. The promises helped investors overlook a weak fourth quarter that saw margin shrink and revenue…
(Reuters) – Microsoft has made Chinese startup DeepSeek’s R1 artificial intelligence model available on its Azure cloud computing platform and GitHub tool for developers, the U.S. company said on Wednesday. The AI model will be available in the model catalog on the platforms and will join more than 1,800 models that Microsoft is offering. DeepSeek…
By Stephen Nellis, Krystal Hu, Jeffrey Dastin, Anna Tong and Katie Paul (Reuters) – Top White House advisers this week expressed alarm that China’s DeepSeek may have benefited from a method that allegedly piggybacks off the advances of U.S. rivals called “distillation.” The technique, which involves one AI system learning from another AI system, may…
