(Reuters) -A number of U.S. technology firms on Tuesday announced artificial intelligence deals in the Middle East as U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.S. companies during a tour of Gulf states. Among the biggest deals, Nvidia said it will sell hundreds of thousands of AI chips in…
By Kalea Hall DETROIT (Reuters) -Mercedes executives on Monday said the company will add production of its GLC SUV for North America at its plant in Tuscaloosa, Alabama. Earlier this month, the German automaker said it would bring a new vehicle to the Alabama plant in 2027 that would “deepen our commitment to the U.S.” …
(Corrects to remove reference to Amazon in paragraph 6) (Reuters) -Amazon said on Monday it has struck a new partnership with FedEx in late February to handle some parts of its package deliveries. FedEx shares rose 1.7% after the closing bell. Business Insider first reported the news on Monday, citing an internal document. The deal…
(Reuters) -OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant’s access to cutting-edge AI models, the Financial Times reported on Sunday. A critical issue is how much equity in OpenAI’s new for-profit business…
(Reuters) -Google has agreed to pay $1.375 billion in a settlement in principle reached with the state of Texas over allegations the company violated users’ data privacy, Texas Attorney General Ken Paxton said on Friday. The agreement settles two lawsuits that covered three products for allegedly violating Texas consumer protection laws. “In Texas, Big Tech…
(Reuters) -Netflix said on Wednesday it plans to revamp its TV app interface and introduce generative AI to the iOS mobile platform, allowing users to ask for content in natural and everyday language. The updates arrive as the streaming giant seeks to maintain and expand its market share amid growing uncertainties and concerns about a…
By Fabian Cambero SANTIAGO (Reuters) -Amazon’s cloud computing division will invest $4 billion to build its first data centers and other cloud infrastructure in Chile, the company’s head of South Latin America told Reuters. Amazon Web Services (AWS) expects the cloud region, its third in Latin America after Brazil and Mexico, to be operational by…
(Reuters) -Gilead Sciences announced $11 billion in new planned investment in the U.S. to boost its domestic manufacturing and research heft, becoming the latest company to announce spending plans in reaction to President Donald Trump’s tariff policy. The new investments, unveiled on Wednesday, will supplement an already planned spending of $21 billion in U.S. manufacturing…
SAN FRANCISCO (Reuters) -Intel shareholders on Tuesday approved a measure by the chipmaker aimed at topping up share reserves to attract and retain new employees, and compensation for its new CEO Lip-Bu Tan. Intel shares fell 1.6% in early afternoon trading after dropping 36% in the past year. Shareholders approved the Santa Clara, California-based company’s board…
By Stephen Nellis SAN FRANCISCO (Reuters) -Microsoft on Tuesday said it will release a new laptop and tablet with chips from Qualcomm at lower prices than before, aiming to get new AI features to a broader set of customers. The newest Surface 13-inch laptop and Surface Pro 12-inch tablet will go on sale on May…
