By Tom Hals WILMINGTON, Delaware (Reuters) – A U.S. judge has scheduled a rare holiday court hearing on Monday, in a case brought by Democratic state attorneys general seeking to protect major federal agencies from Elon Musk’s government cost-cutting team known as DOGE. U.S. District Judge Tanya Chutkan in Washington, D.C., on Sunday called the…
WARSAW (Reuters) -Microsoft plans to invest an additional 700 million dollars in Poland to improve Polish cybersecurity in cooperation with the country’s armed forces, the company’s president said on Monday without elaborating. In a joint press conference with Polish Prime Minister Donald Tusk, Microsoft President Smith said the investment would be for a second phase…
By Michael Martina, Yimou Lee and Ben Blanchard WASHINGTON/TAIPEI (Reuters) – Taiwan is exploring buying arms worth billions of dollars from the United States, sources briefed on the matter said, hoping to win support from the new Trump administration as China continues to apply military pressure on the island. Three sources familiar with the situation,…
By Shankar Ramakrishnan (Reuters) -Banks led by Morgan Stanley have sold to investors another chunky portion of loans that formed the $13 billion debt supporting Elon Musk’s $44 billion acquisition of Twitter, now X, in 2022, a source with knowledge of the deal said. On Thursday, they completed the secondary sale of $4.74 billion of…
By Katie Paul and Harshita Mary Varghese (Reuters) -Meta Platforms is establishing a new division within its Reality Labs unit to develop AI-powered humanoid robots that can assist with physical tasks, according to an internal company memo viewed by Reuters on Friday. Facebook parent Meta is entering the competitive field of humanoid robotics, joining rivals…
(Reuters) -Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk’s xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter. Shares of the company gained 4% after the report, which said Dell would sell servers containing Nvidia’s GB200 semiconductors to…
(Reuters) -Elon Musk’s xAI is discussing to raise $10 billion that could value the artificial intelligence startup at about $75 billion, Bloomberg News reported on Friday, citing a person familiar with the matter. Existing investors, including Sequoia Capital, Andreessen Horowitz and Valor Equity Partners are in talks to participate in the transaction, the report said….
By Tom Hals WILMINGTON, Delaware (Reuters) – Two federal judges will consider on Friday whether Elon Musk’s government cost-cutting team known as DOGE will have access to Treasury Department payment systems and potentially sensitive data at U.S. health, consumer protection and labor agencies. Musk’s team has swept through government agencies since Republican Donald Trump became…
By Nathan Layne (Reuters) -Gavin Kliger, one of the top staffers working with Elon Musk in his efforts to overhaul the federal government, arrived at the Internal Revenue Service on Thursday to examine the agency’s operations, according to two people familiar with the matter. Kliger was meeting with senior executives at the tax-collecting agency, marking…
By Rich McKay (Reuters) – At least 24 cases of measles have been reported in an outbreak in Gaines County, Texas, state officials said, warning that more cases of the highly contagious disease were likely to surface. None of the infected people in the community, about 90 miles southwest of Lubbock, Texas, and near the…
