(Reuters) -Chipmaking equipment maker Applied Materials missed Wall Street estimate for second-quarter revenue on Thursday, against the backdrop of heightened uncertainty around the ongoing trade war and export curbs. Shares of the Santa-Clara, California based company fell 2% in extended trading. For the quarter ended March 31, the company reported revenue of $7.10 billion, while…
By Echo Wang NEW YORK (Reuters) -AI startup Cohere has doubled its annualized revenue since the beginning of the year, driven by growing demand for secure, customized AI tools among enterprise clients in regulated sectors, the company told Reuters. The company has crossed an annualized revenue of $100 million as of May 2025, according to…
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(Reuters) – Advanced Micro Devices on Wednesday announced a new $6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the AI trade that has powered their shares shows some signs of slowing. Shares of the Santa Clara, California-based company rose as much as 6.4%. Its shares…
(Reuters) -Perplexity AI said on Wednesday it had partnered with payments firm PayPal to enable direct purchases within its chat interface. The deal will strengthen Perplexity’s agentic commerce offering, a rapidly growing trend where AI agents not only help consumers with shopping but also handle transactions for them. Through the partnership, users will be able…
By Raphael Satter WASHINGTON (Reuters) -Alphabet’s Google said hackers responsible for paralyzing disruptions of UK retailers are turning their attention to similar companies in the United States. “US retailers should take note. These actors are aggressive, creative, and particularly effective at circumventing mature security programs,” John Hultquist, an analyst at Google’s cybersecurity arm, said in…
By Luciana Magalhaes SAO PAULO (Reuters) -Uber Technologies Inc and iFood, a Brazilian food delivery app, on Wednesday announced a strategic partnership in Brazil, where delivery and ride-hailing services have grown rapidly in recent years. Under the collaboration, iFood users will be able to book Uber rides directly from the iFood app, while Uber users…
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By Sneha S K (Reuters) – The U.S. Food and Drug Administration said on Tuesday it is starting a process to remove fluoride supplements for children from the market, the latest federal action against the tooth-strengthening mineral. Fluoride is a mineral that occurs naturally in water, soil and air that has been demonstrated to prevent…
By David Shepardson NEW YORK (Reuters) -United Airlines may not take delivery of the Boeing 737 MAX 10 until 2027 or 2028 because of uncertainty about when the plane will be approved for use, an executive for the carrier said Tuesday. Boeing has faced significant delays in getting the smaller MAX 7 certified, which must…
