By Stephen Nellis SAN FRANCISCO (Reuters) -Adobe and Qualcomm said on Wednesday they are partnering with Humain, the artificial intelligence firm backed by Saudi Arabia’s sovereign wealth fund, to help the AI company develop tools for generating content in Arabic and for the broader Middle East. The deal is one of several expected on Wednesday…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be. “Even relatively conservative estimates of stablecoin growth imply an increase in the net supply…
(Reuters) -China has begun designing a new rare earth licensing regime that could speed up shipments, but it is unlikely to amount to a complete rollback of restrictions as hoped by Washington, industry insiders said. The Ministry of Commerce told some rare earth exporters they will be able to apply for new streamlined permits in…
(Reuters) -A consortium of around 20 banks is providing a project finance loan of about $18 billion to support the construction of a data center campus linked to Oracle in New Mexico, Bloomberg News reported on Friday. Sumitomo Mitsui Banking Corp, BNP Paribas SA, Goldman Sachs Group, and Mitsubishi UFJ Financial Group are administrative agents…
By Wen-Yee Lee HSINCHU, Taiwan (Reuters) -Nvidia CEO Jensen Huang on Saturday said the semiconductor giant is experiencing “very strong demand” for its state-of-the-art Blackwell chips, as its appetite for wafers from TSMC grows. “Nvidia builds the GPU (graphics processing units), but we also build the CPU (central processing units), the networking, the switches, and…
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) -The U.S. Army aims to buy at least a million drones in the next two to three years and could acquire anywhere from a half million drones to millions of them annually in the years that follow, U.S. Army Secretary Daniel Driscoll said. Driscoll detailed the major…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer sentiment slumped to near a 3-1/2-year low in early November as households across the political spectrum worried about the economic fallout from the longest government shutdown in history, which has caused disruptions ranging from food benefit payments to grounded flights. Still, the University of Michigan’s Surveys of Consumers…
By Mike Stone WASHINGTON (Reuters) -U.S. Secretary of Defense Pete Hegseth is expected to unveil sweeping changes to how the Pentagon purchases weapons on Friday, allowing the military to more rapidly acquire technology amid growing global threats. Hegseth plans to address industry leaders, military commanders and officials at the National War College, where he will…
By Aishwarya Jain (Reuters) -Vacation rental firm Airbnb forecast upbeat quarterly revenue after posting higher third-quarter results on Thursday, aided by strong bookings in markets such as Latin America and Asia Pacific. The San Francisco-based company has customized its platform for regional audiences, adding payment options and launching local marketing campaigns. Airbnb, whose shares rose 5.5%…
(Reuters) -Tesla’s UK car sales halved year-over-year in October, data from research group New AutoMotive showed on Wednesday, echoing the steep falls the U.S. electric vehicle maker saw in other European countries. There were only 495 new Tesla UK registrations in the month, down 51% from the 1,013 registrations last year, the data showed. Tesla…
