FRANKFURT (Reuters) -Porsche expects a 300 million euro ($351 million) hit to results as a consequence of absorbing U.S. import…
Meta takes around 3% stake in Ray-Ban-parent EssilorLuxottica, source says
By Elisa Anzolin and Juby Babu (Reuters) -Meta Platforms has acquired a nearly 3% stake in eyewear maker EssilorLuxottica, a…
Newmont to fire at least 10% of staff at Suriname’s Merian mine
(Corrects second paragraph to say operating costs have increased, not fallen) PARAMARIBO (Reuters) -Newmont, the world’s largest listed gold miner,…
US drillers cut oil and gas rigs for 10th week in a row, Baker Hughes says
(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for a 10th week…
Nvidia briefly on track to become world’s most valuable company ever
By Noel Randewich and Shashwat Chauhan (Reuters) -Nvidia hit a market value of $3.92 trillion on Thursday, briefly putting it…
US SEC, SolarWinds reach preliminary deal to end breach lawsuit
By Chris Prentice and AJ Vicens NEW YORK (Reuters) -The U.S. Securities and Exchange Commission has reached a deal in…
Microsoft to cut about 4% of jobs amid hefty AI bets
(Reuters) -Microsoft will lay off nearly 4% of its workforce, the company said on Wednesday, in the latest job cuts…
AOS settles with US over unauthorized Huawei shipments
By Karen Freifeld (Reuters) -Alpha and Omega Semiconductor Limited has agreed to pay $4.25 million to settle with the U.S.…
Cloudflare launches tool to help website owners monetize AI bot crawler accessÂ
By Krystal Hu NEW YORK (Reuters) -Cloudflare has launched a tool that blocks bot crawlers from accessing content without permission…
OpenAI turns to Google’s AI chips to power its products, The Information reports
(Reuters) -OpenAI has recently begun renting Google’s artificial intelligence chips to power ChatGPT and other products, The Information reported on…