(Reuters) -Alphabet shares jumped 4% on Thursday, rising for a second straight day, as investors cheered the Google parent’s artificial intelligence updates including the rolling out of “AI Mode” to all its U.S. users. A $249.99-a-month subscription for its AI power users, teased at its annual developer conference, also allayed concerns over funding the huge…
(Reuters) -The U.S. Justice Department is probing whether Alphabet’s Google violated antitrust law in its agreement with Character.AI that allows the tech giant to use the AI startup’s technology, Bloomberg Law reported on Thursday. Antitrust enforcers have recently told Google they are examining whether the company structured the agreement with Character.AI to avoid formal government…
By Ateev Bhandari and Niket Nishant (Reuters) -MNTN, an advertising platform for internet-connected TVs which has actor Ryan Reynolds as its chief creative officer, secured a valuation of $1.62 billion after its shares jumped 31.25% in their debut on the NYSE on Thursday, signaling continued momentum in the recovering IPO market. The U.S. adtech’s stock…
(Reuters) -Amazon is testing AI-powered short-form audio summaries on select product detail pages, the e-commerce giant said on Wednesday, as tech companies continue to integrate artificial intelligence across their platforms. The new feature offers summaries about products based on an AI-driven analysis of product details, customer reviews, and other related information from the internet. Currently…
(Reuters) -Apple is preparing to allow third-party developers to write software using its artificial intelligence models, in a push to boost the creation of new applications, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. The tech major is working on a software development kit and related frameworks that would allow outsiders…
By Yuka Obayashi and Ritsuko Shimizu TOKYO (Reuters) -Japan’s Nippon Steel remains committed to acquiring a full stake in U.S. Steel, a senior executive said, adding that it is seeking a meeting with U.S. Treasury Secretary Scott Bessent to clarify President Donald Trump’s stance on the deal. The steelmakers face a May 21 deadline for…
By David French (Reuters) -The private equity owner of Northwind Midstream is exploring a potential sale of the Permian Basin gas infrastructure operator, with any deal expected to value the company at around $2 billion including debt, people familiar with the matter said. Five Point Infrastructure is working with investment bankers at Piper Sandler on…
(Reuters) -Dell Technologies on Monday unveiled new servers powered by Nvidia’s Blackwell Ultra chips, aiming to capitalize on the booming demand for artificial intelligence systems. The servers, available in both air-cooled and liquid-cooled variations, support up to 192 Nvidia Blackwell Ultra chips but can be customized to include as many as 256 chips. These servers…
By Hannah Lang (Reuters) -Galaxy Digital, founded by Mike Novogratz, made its Nasdaq debut on Friday, capping off a momentous week for cryptocurrency in public markets, with Coinbase joining the S&P 500 and retail brokerage eToro also going public. Galaxy Digital, a crypto investment company that also specializes in artificial intelligence data center infrastructure, had…
(Reuters) – Tesla will add Chipotle executive Jack Hartung to its board of directors and audit committee in June, the electric vehicle maker said on Friday. Hartung’s addition will expand Tesla’s board to nine members. Joe Gebbia, the co-founder of Airbnb was the last addition to the board in 2022. Tesla’s board has come under…
