By Arpan Chaturvedi, Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -OpenAI faces an uphill climb as it argues that Indian courts cannot hear lawsuits about its U.S.-based business in the country, where Telegram has failed with similar defences and U.S. technology firms have faced government heat on compliance. OpenAI, which counts India as its…
(Reuters) – Short video app TikTok’s owner ByteDance seems to be slow-rolling negotiations for a sale while waiting for approval from the Chinese government, even as President Donald Trump’s allies race to broker a deal to sell it to an American bidder, the Washington Post reported on Wednesday. China is likely to take a hard-line…
(Reuters) -Alphabet’s Google is scrapping its goal to hire more employees from historically underrepresented groups and is reviewing some of its diversity, equity and inclusion (DEI) initiatives, the Wall Street Journal reported on Wednesday. With this, Google joins a slew of U.S. businesses that have been scaling back their diversity initiatives, years after pushing for…
(Reuters) – UnitedHealth has reached out to the U.S. Securities and Exchange Commission about billionaire investor Bill Ackman’s now-deleted post on social media platform X that said he would take a short position in the healthcare conglomerate. WHY IT’S IMPORTANT “If I still shorted stocks, I would short United Healthcare,” Ackman said in his post,…
By Shankar Ramakrishnan NEW YORK (Reuters) -Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk’s $44 billion acquisition of Twitter, now called X, in 2022, said a source with knowledge of the deal. The acquisition was funded by a $6.5 billion secured term…
By Waylon Cunningham (Reuters) – U.S. diner chain Waffle House has added a 50-cent surcharge for every egg in a customer’s order, the company said in a statement posted in its restaurants on Monday. The fee is temporary, the company said in a statement Tuesday, and is a response to a “dramatic increase in egg…
(Reuters) – Microsoft-backed OpenAI said on Tuesday it will roll out an education-specific version of its chatbot to about 500,000 students and faculty at California State University as it looks to expand its user base in the academic sector and counter competition from rivals like Alphabet . The rollout will cover 23 campuses of the…
WHITE HOUSE (Reuters) – U.S. President Donald Trump on Tuesday signed a presidential memorandum reimposing a tough policy on Iran meant to block the country from achieving a nuclear weapon and to limit its oil exports. Speaking at the Oval Office in the White House, Trump said Iran cannot have a nuclear weapon and that…
WASHINGTON (Reuters) – The U.S. State Department has approved the potential sale of Lockheed Martin and Northrop Grumman Corp’s defense systems to Egypt, the Pentagon’s Defense Security Cooperation Agency said on Tuesday. The State Department has approved the possible sale of Lockheed’s fast missile craft modernization estimated at $625 million and the potential sale of…
By Arsheeya Bajwa (Reuters) – AMD investors will closely examine the chip designer’s artificial intelligence strategy when it reports fourth-quarter results on Tuesday as Big Tech’s shift to custom silicon raises doubts about its place in the AI infrastructure race. Analysts expect AMD’s December-quarter revenue to surge over 22% to $7.53 billion, but the company’s…
