By Stephen Nellis and Greg Bensinger LAS VEGAS (Reuters) – Amazon.com’s cloud unit on Tuesday showed new data center servers packed with its own AI
Category: Business
Bumble CFO to step down next year amid growth challenges
(Reuters) – Bumble said on Monday Anu Subramanian will step down as chief financial officer, effective March 14, 2025. Subramanian, who joined the dating app
Amazon to pilot AI-designed material for carbon removal
By Jeffrey Dastin (Reuters) – Amazon.com Inc plans to pilot a new carbon-removal material for data centers, which are at risk of worsening emissions from
US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture
By David Shepardson WASHINGTON (Reuters) -The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of
Nvidia among investors in $700 million capital raise by AI firm Nebius Group
By Alexander Marrow LONDON (Reuters) – AI infrastructure firm Nebius Group on Monday said it was raising $700 million in a private placement from investors
BlackRock, Vanguard, State Street sued by Republican states over climate push
By Jonathan Stempel (Reuters) -BlackRock, Vanguard and State Street have been sued by Texas and 10 other Republican-led states, which said the large asset managers
Netflix set for biggest weekly gain since January after Paul-Tyson fight
By Caroline Valetkevitch NEW YORK (Reuters) – Netflix shares were on track for a fifth consecutive gain on Friday and set for their biggest weekly
Snowflake shares surge on rosy forecast, AI deal with Anthropic
(Reuters) -Snowflake’s shares surged more than 28% on Thursday after the data analytics provider raised its annual product revenue forecast, signaling growing demand for cloud-based
Citron Research discloses short position in bitcoin buyer MicroStrategy
(Reuters) – Citron Research has taken a short position in MicroStrategy, the company said in a post on social media platform X on Thursday. Shares
Nestle plays down RFK Jr’s anti-packaged food rhetoric
By Richa Naidu VEVEY, Switzerland (Reuters) -Nestle on Tuesday sought to play down any differences with Robert F. Kennedy Jr., who has been critical of