(Reuters) -Facebook parent Meta Platforms on Tuesday launched a separate app for its Meta AI assistant, similar to those offered…
Investors fear Big Oil could cut share buybacks as crude prices slump
By Sheila Dang HOUSTON (Reuters) -When Exxon Mobil and Chevron report first-quarter results this week, investors will be focused on…
TikTok to enter Japan’s e-commerce industry, Nikkei reports
(Reuters) -Chinese social media platform TikTok will enter the online shopping industry in Japan within the next few months, the…
China’s Huawei develops new AI chip, seeking to match Nvidia, WSJ reports
(Reuters) -China’s Huawei Technologies is preparing to test its newest and most powerful artificial-intelligence processor, hoping to replace some higher-end…
Elon Musk’s xAI Holdings in talks to raise $20 billion from investors, Bloomberg News reports
(Reuters) -Elon Musk’s xAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly…
Nike sued over closure of crypto business
By Jonathan Stempel NEW YORK (Reuters) -Nike was sued on Friday by purchasers of Nike-themed non-fungible tokens (NFTs) and other…
Lam Research beats quarterly revenue estimates on surging AI chip demand
By Priyanka G (Reuters) -Chip-making equipment supplier Lam Research beat Wall Street expectations for third-quarter revenue on Wednesday, fueled by…
Musk’s Neuralink could fetch $8.5 billion valuation, Bloomberg News reports
(Reuters) -Elon Musk’s brain implant company Neuralink is planning to raise about $500 million at a pre-money valuation of $8.5…
Discover Financial profit jumps on lower loss provision and higher interest income
(Reuters) -U.S. credit card issuer Discover Financial reported a 30% rise in first-quarter profit on Wednesday, helped by a drop…
PulteGroup beats quarterly results estimates as incentives lift housing demand
(Reuters) -PulteGroup’s first-quarter profit and revenue beat Wall Street estimates on Tuesday, as the company’s incentives helped improve housing demand.…