BARCELONA (Reuters) – Chinese artificial intelligence firm iFlyTek is planning to expand its European business as trade tensions rise between the United States and China, Vice President Vincent Zhan said. “The U.S. and China trade war has some impact for us,” Zhan said in an interview on the sidelines of the Mobile World Congress in…
(Reuters) -Reddit on Thursday launched tools aimed at helping people adhere to community rules and better understand content performance, its latest step to boost engagement on the platform. The announcement follows a recent slowdown in quarterly user growth due to a change in Google’s algorithm that impacted traffic from the search engine. The traffic from…
NEW YORK (Reuters) -Major U.S. stock indexes declined sharply on Thursday with investors concerned about the impact President Donald Trump’s trade policy may have on companies and the broader economy, while Marvell Technology’s revenue forecast sparked concerns about spending on artificial intelligence infrastructure. Below are investor comments about the selloff, which saw the S&P 500…
By Svea Herbst-Bayliss, Abigail Summerville and Sabrina Valle NEW YORK (Reuters) -A private equity firm in early talks to buy a small U.S. snack food maker and merge it with a Canadian rival was optimistic about getting a deal done this year – until U.S. President Donald Trump took office in late January. The talks…
By David Shepardson WASHINGTON (Reuters) -Billionaire Elon Musk, who is advising President Donald Trump on plans to radically shrink the U.S. government said Wednesday that the U.S. Postal Service and passenger railroad Amtrak should be privatized. “I think logically we should privatize anything that can reasonably be privatized,” Musk said at a Morgan Stanley conference….
By AJ Vicens and Raphael Satter DETROIT (Reuters) – U.S. authorities have in recent weeks begun releasing seized Chinese-made equipment used for cryptocurrency mining, two industry executives told Reuters. Cryptocurrency miners – basically souped-up computers with advanced chips – compete with one another to solve mathematical puzzles, a process which helps build the blockchains underpinning…
(Reuters) – Elon Musk’s satellite company SpaceX said Wednesday its Starlink unit has no intent to take over any Federal Communications Commission telecommunications contract, rejecting media reports. “Starlink is a possible partial fix to an aging system. There is no effort or intent for Starlink to ‘take over’ any existing contract,” SpaceX wrote on X….
By Joey Roulette WASHINGTON (Reuters) – SpaceX is planning to invest at least $1.8 billion to build new Starship launchpads and processing facilities on Florida’s Space Coast, eyeing a key expansion for the rocket program beyond Texas amid pending environmental reviews, according to the state’s governor. Elon Musk’s SpaceX has been looking to build new…
By Tim Reid WASHINGTON (Reuters) – U.S. President Donald Trump is expected to boast about his sweeping cuts to the federal bureaucracy during an address to a joint session of Congress on Tuesday night, with praise for tech billionaire Elon Musk’s so-called Department of Government Efficiency (DOGE). Trump has given Musk and his DOGE team…
By Amanda Stephenson CALGARY (Reuters) -Tariffs on Canadian oil would need to be in place for years before significantly altering the amount of crude the U.S. imports from its northern neighbour, the CEO of Canadian pipeline company Enbridge Inc. said on Tuesday. CEO Greg Ebel told reporters the energy systems of the two countries are…
