(Reuters) -The U.S. Department of Commerce has recently asked Nvidia to look into how the company’s products ended up in…
FedEx to spin off its freight trucking business
By Lisa Baertlein and Abhinav Parmar (Reuters) -FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as…
Eli Lilly’s Alzheimer’s treatment approved in China
(This Dec. 17 story has been corrected to say that the EU regulator reversed its July decision in November to…
U.S. Steel forecasts fourth-quarter surprise loss, shares fall
(Reuters) -United States Steel on Thursday forecast a surprise loss for the fourth quarter, sending its shares down nearly 5%…
Lamborghini delays first EV launch to 2029 as market not ready
(This Dec. 16 story has been corrected to fix the timing of Ferrari’s EV launch in paragraph 2) SANT’AGATA BOLOGNESE,…
AI startup Databricks hits $62 billion valuation in record VC round
By Krystal Hu and Niket Nishant (Reuters) -Databricks has secured a $62 billion valuation after raising $10 billion in one…
AI startup Basis raises $34 million for accounting automation ‘agent’
By Anna Tong (Reuters) – Artificial intelligence startup Basis has raised $34 million in a Series A funding round for…
Lockheed forms subsidiary to help defense companies adopt AI
(Reuters) – Lockheed Martin said on Monday it had formed a subsidiary that will help U.S. defense companies incorporate artificial…
To rival SpaceX’s Starship, ULA eyes Vulcan rocket upgrade
By Joey Roulette ORLANDO (Reuters) – Boeing and Lockheed Martin’s joint rocket venture, United Launch Alliance (ULA), plans to upgrade…
Meta urges California attorney general to stop OpenAI from becoming for-profit, WSJ reports
(Reuters) -Meta Platforms is urging California’s attorney general to block OpenAI’s planned conversion to a for-profit company, the Wall Street…