By Haripriya Suresh BENGALURU (Reuters) – Tens of thousands of JPMorgan Chase software engineers increased their efficiency, delivering products 10% to 20% faster by using a coding assistant tool developed by the bank, its global chief information officer Lori Beer said. The gains present “a great opportunity” for the lender to assign its engineers to…
(Reuters) – Elon Musk’s Tesla said in a letter to the US trade representative Jamieson Greer that President Donald Trump’s trade war could make it a target for retaliatory tariffs against the U.S. “As a U.S. manufacturer and exporter, Tesla encourages USTR to consider the downstream impacts of certain proposed actions taken to address unfair…
(Reuters) -Adobe beat Wall Street expectations for first-quarter revenue on Wednesday, benefiting from strong spending on its portfolio of design products that boast artificial intelligence features. The company reported revenue of $5.71 billion, beating estimates of $5.66 billion, according to data compiled by LSEG. Adobe reaffirmed its annual revenue forecast and its CEO said the…
By David French, Isla Binnie and Mrinalika Roy (Reuters) – Dealmakers expect 2025 to be a bumper year for mergers and acquisitions in the U.S. power industry, with a voracious appetite for assets as the sector gears up to meet massive demand growth from data centers for artificial intelligence. Record power demand and dizzying projections…
(Reuters) – Blackstone is exploring options for Hello Sunshine, one of the best-known assets in the portfolio of its Hollywood media company, Candle Media, including the possibility of combining it with another company, four people familiar with the matter told Reuters. Candle Media’s acquisition of Reese Witherspoon’s Hello Sunshine, the female-focused entertainment company behind Apple…
(Reuters) – OpenAI launched new tools for developers on Tuesday that will help them build advanced AI agents, using a few application programming interfaces (APIs), amid growing competition from Chinese AI startups. AI agents are designed to independently execute complex real-world tasks without direct human intervention, while API is a strings of code which enables…
(Reuters) -Uber has decided to terminate its agreement to acquire Delivery Hero’s Foodpanda business in Taiwan and will pay a termination fee of around $250 million, the food delivery company said on Tuesday. Uber said in an emailed statement that it would not appeal the decision of the Taiwan Fair Trade Commission. Taiwan had in…
By Svea Herbst-Bayliss and Saeed Azhar NEW YORK (Reuters) – Bank of America eliminated some investment banking roles on Monday, including in New York, according to three sources familiar with the situation who declined to be identified discussing personnel matters. The cuts affected junior bankers, including analysts and associates, the three sources said. The employees…
By Sheila Dang HOUSTON (Reuters) -Chevron would like to see durability in U.S. energy policy rather than swings from one extreme to another, CEO Mike Wirth said on Monday. U.S. President Donald Trump’s first weeks in office during his second term have been marked by a rapid overhaul of government and the reversal of many…
(Reuters) -Apple is preparing a major overhaul of its software, due later this year, which will change the look of the operating systems and the interface of the iPhone, iPad and Mac, Bloomberg News reported on Monday, citing people familiar with the effort. The revamp, which is loosely based on Vision Pro’s software, would include…
