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By Arathy Somasekhar HOUSTON (Reuters) -U.S. oil production growth will stall if prices stay near $60 per barrel, as fewer drilling sites are profitable at that level, the CEO of Diamondback Energy, one of the country’s top oil producers, said on Wednesday. “There’s only so much Tier 1 rock,” Kaes Van’t Hof said while speaking…
(Reuters) -Intel is in early talks to add AMD as a foundry customer, Semafor reported on Wednesday, citing people familiar with the matter. AMD did not immediately respond to a request for comment, and Intel declined to comment. Semafor did not report details of any possible deal. Reuters reported in April that AMD was evaluating…
(Reuters) -Honeywell said on Wednesday that it has divested all of its Bendix asbestos liabilities, as well as certain non-Bendix asbestos liabilities, to corporate liability acquisition platform Delticus. The company is streamlining operations, with a plan to split into three independently listed companies expected to be completed by next year. Honeywell inherited asbestos liabilities and…
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…
