By Deborah Mary Sophia (Reuters) – Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year,
Category: Business
Rubrik shares fall as Microsoft-backed firm nears IPO lockup expiry
(Reuters) – Shares of Rubrik fell more than 6% on Tuesday, as the markets braced for the expiry of a lockup period tied to its
Ally Financial flags ‘intensifying’ credit challenges; shares slump
(Reuters) – Ally Financial’s credit challenges have intensified over the quarter as borrowers struggled with high inflation and costs of living, the consumer lender’s chief
Campbell Soup dropping ‘soup’ in name to become ‘The Campbell’s Company’
By Jessica DiNapoli and Anuja Bharat Mistry (Reuters) – Campbell Soup is dropping “soup” from its name to become “The Campbell’s Company,” CEO Mark Clouse
Hedge funds flock to Japan as market heats up
By Summer Zhen HONG KONG (Reuters) – Japan has emerged as a standout in Asia’s subdued $400 billion hedge fund sector, drawing fund launches while
Musk’s xAI in talks for share in future Tesla revenue, WSJ reports
(Reuters) – Elon Musk’s AI startup xAI has discussed a deal that would give it some revenue from Musk’s Tesla in exchange for providing the
Boeing reaches early deal with 25% higher pay in hope to avert strike
By Allison Lampert and David Shepardson -Boeing said on Sunday it had reached a tentative agreement with a union representing more than 32,000 workers in
VW boss says European market shrinking amid tougher competition
FRANKFURT (Reuters) – Volkswagen’s CEO, who is pushing for unprecedented cutbacks in the German carmaker’s home market, said change was needed because the European market
New iPhone will use Arm’s chip technology for AI, FT reports
(Reuters) -Apple’s latest iPhone with its A18 chip, which is set to be unveiled at an event on Monday, has been developed using SoftBank-owned Arm’s
Roblox set to launch paid videogames on its virtual platform
By Zaheer Kachwala (Reuters) – Roblox will roll out paid videogames on its platform and allow developers to sell physical merchandise through their created games,