By Greg Bensinger and Stephen Nellis LAS VEGAS (Reuters) – Amazon.com’s cloud unit on Tuesday showed new data center servers packed with its own AI chips that will challenge Nvidia, with Apple coming aboard as a customer to use them. The new servers, based on 64 of Amazon Web Services’ Trainium2 chips, will be strung…
By Jeffrey Dastin (Reuters) – Amazon.com Inc plans to pilot a new carbon-removal material for data centers, which are at risk of worsening emissions from artificial intelligence systems they power, a startup behind the deal said on Monday. In a twist, AI itself, from the startup Orbital Materials, is what designed the carbon-filtering substance, its…
By David Shepardson WASHINGTON (Reuters) -The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana. The conditional commitment award must still be finalized and includes $6.85 billion in…
(Reuters) – Bumble said on Monday Anu Subramanian will step down as chief financial officer, effective March 14, 2025. Subramanian, who joined the dating app operator as CFO in 2020, played a key role in the company’s initial public offering in 2021. Bumble has begun searching for Subramanian’s successor. Shares of the company fell 1.7%…
(Reuters) – European and American carmakers are set to lose up to 17% of their combined annual core profits if the U.S. imposes import tariffs on Europe, Mexico and Canada, S&P Global said in a report on Friday, warning of potential credit downgrades. Premium automakers Volvo and Jaguar Land Rover, who mostly produce in Europe,…
(Reuters) -BlackRock, State Street and Vanguard have been sued by Texas and 10 other Republican-led states, which said the large asset managers violated antitrust law through climate activism that resulted in reduced coal production and higher energy prices. Wednesday’s complaint filed in the federal court in Tyler, Texas, is among the highest profile lawsuits targeting…
MILAN (Reuters) -Stellantis will again halt auto production at its historic Italian Mirafiori plant from Dec. 2 to Jan. 5 due to continuing poor sales for the electric Fiat 500 city car made there, the automaker said on Wednesday. Reuters had reported earlier this month that trade unions were expecting another production stoppage at the…
HANOI (Reuters) – Vietnamese electric vehicle (EV) manufacturer VinFast on Tuesday reported a smaller $550 million net loss for the third quarter compared with a year earlier, helped by lower costs for materials and ramped-up production volumes. The Haiphong, Vietnam-based company delivered 44,773 cars in the first nine months of 2024, more than 55% of…
By Sarah Morland MEXICO CITY (Reuters) – Financial analysts on Tuesday reacted to a threat from U.S. President-elect Donald Trump to impose 25% tariffs on top trade partners Mexico and Canada when he takes office for a second term in January in a move that could trigger a trade war. Mexico is the country’s top…
(Reuters) – Orange will enlist OpenAI and Meta to fine-tune AI Large Language Models (LLMs) to translate regional African languages for the French telecoms operator, it said on Tuesday. The project is slated to start in the first half of 2025 and will initially focus on incorporating regional languages spoken in West Africa into OpenAI’s…
