By Milana Vinn and Elvira Pollina New York (Reuters) -Yahoo is in advanced talks to sell AOL to Italian technology company Bending Spoons for about $1.4 billion, four sources familiar with the matter said, as the Apollo Global Management-backed firm sheds one of the most recognizable names of the early internet era. The Milan-based app…
(Reuters) -Elon Musk’s xAI has struck a deal with the U.S. General Services Administration (GSA) to provide the artificial intelligence startup’s Grok chatbot to federal agencies, the government’s procurement arm said on Thursday. The contract underscores Washington’s push to expand the use of AI in government operations, while intensifying competition among leading developers of the booming…
By Alberto Alerigi SAO PAULO (Reuters) -Japanese carmaker Toyota was forced to halt production at two plants in Brazil on Tuesday after heavy rain and winds severely damaged its Porto Feliz factory, the company said on Wednesday. The company said it did not know when production might resume at its plants in Porto Feliz, where…
By Eduardo Baptista BEIJING (Reuters) – Chinese tech giant Huawei has co-developed a safety-focused version of artificial intelligence model DeepSeek that it said is “nearly 100% successful” in preventing discussion of politically sensitive topics. Chinese regulators have required domestic AI models and the applications they power to reflect China’s “socialist values” before they are released…
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By Shashwat Chauhan and Johann M Cherian (Reuters) -U.S. corporate sectors that are sensitive to interest rates will be in focus as the Federal Reserve looks poised to lower borrowing costs for the first time this year, with most having already notched up gains after Chair Jerome Powell hinted at cuts last month. After easing…
(Reuters) – Shares of Workday rose nearly 9% on Wednesday, after activist investor Elliott Management unveiled a stake of more than $2 billion in the company and backed its leadership. Workday has been pushing to stay competitive in a consolidating human resources software market, where integrating AI has become key to meeting shifting client needs….
(Reuters) – Amazon.com said on Wednesday it is investing more than $1 billion to raise pay and lower healthcare costs for U.S. fulfillment and transportation employees, pushing up the average total compensation to over $30 an hour including benefits. The technology giant said the average pay would increase to more than $23 per hour, adding…
By Ateev Bhandari, Pritam Biswas and Echo Wang (Reuters) – Shares of StubHub rose about 8% in their New York Stock Exchange debut on Wednesday, valuing the ticket reseller marketplace at $9.32 billion, adding to a streak of positive day-one receptions for technology platforms. The New York-based company’s stock opened at $25.35 per share, compared…
By Nandita Bose WASHINGTON (Reuters) – U.S. President Donald Trump established a Memphis Safe Task Force on Monday modeled after the recent federal law enforcement surge in the nation’s capital, as part of a broader initiative he says is needed to combat urban violence. He said he plans to take similar action in Chicago next….
