By Zaheer Kachwala and Siddarth S (Reuters) -Tesla shares gained more than 2% on Thursday after CEO Elon Musk vowed to launch long-awaited cheaper models in the first half of 2025 and start testing an autonomous ride-hailing service in June. The promises helped investors overlook a weak fourth quarter that saw margin shrink and revenue…
(Reuters) – Microsoft has made Chinese startup DeepSeek’s R1 artificial intelligence model available on its Azure cloud computing platform and GitHub tool for developers, the U.S. company said on Wednesday. The AI model will be available in the model catalog on the platforms and will join more than 1,800 models that Microsoft is offering. DeepSeek…
By Stephen Nellis, Krystal Hu, Jeffrey Dastin, Anna Tong and Katie Paul (Reuters) – Top White House advisers this week expressed alarm that China’s DeepSeek may have benefited from a method that allegedly piggybacks off the advances of U.S. rivals called “distillation.” The technique, which involves one AI system learning from another AI system, may…
By David Morgan MIAMI (Reuters) – A three-day meeting of U.S. House Republicans, meant to jumpstart President Donald Trump’s $4 trillion tax cut agenda, ended on Wednesday without a deal as party fiscal hawks refused to move ahead unless the plan reduced the $1.8 trillion federal deficit. House of Representatives Speaker Mike Johnson called the…
By Dawn Chmielewski and Lisa Richwine (Reuters) – Netflix is expanding its presence in the toy business, striking its first master licensing deal with the company behind the popular Squishmallows plush toys to develop a product line inspired by its hit science-fiction series “Stranger Things.” The streaming giant granted toymaker Jazwares the right to develop…
By Stephen Nellis (Reuters) – Helion, a startup working to generate electricity from nuclear fusion, on Tuesday said it has raised $425 million in venture funding from a group of investors including SoftBank Group’s Vision Fund 2. The Everett, Washington-based Helion said the funding will help it speed up the development of its next generation…
By Tom Polansek and Juveria Tabassum (Reuters) – Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff by Hong Kong-based WH Group. The biggest U.S. pork processor also is…
By Daphne Psaledakis WASHINGTON (Reuters) – A purge of senior staff at the U.S. Agency for International Development appeared designed to silence any dissent over President Donald Trump’s plans to dramatically reshape U.S. foreign aid, current and former USAID officials told Reuters. Trump, who ordered a 90-day pause in most foreign aid and said his…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Monday’s massive selloff in AI-darling Nvidia’s shares did little to blunt options traders’ enthusiasm for the chipmaker’s shares, with traders quick to pile back into bullish Nvidia contracts as the stock recovered on Tuesday. Nvidia shares slumped about 17% or close to $593 billion in market value…
By Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia on Monday said Chinese AI firm DeepSeek’s advances show the usefulness of its chips for the Chinese market and that more of its chips will be needed in the future to meet demand for DeepSeek’s services. Nvidia issued a statement on Monday after its shares tumbled 17% on…
