(Reuters) -China’s Huawei Technologies is preparing to test its newest and most powerful artificial-intelligence processor, hoping to replace some higher-end products of U.S. chip giant
Category: Business
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 cryptocurrency assets who said they
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 combined artificial intelligence startup and
China’s Xi calls for self sufficiency in AI development amid U.S. rivalry
By James Pomfret and Summer Zhen HONG KONG (Reuters) -China’s President Xi Jinping pledged “self-reliance and self-strengthening” to develop AI in China, state media reported
Nike seeks brand boost in shoe science for Kipyegon’s 4-minute mile bid
By Nicholas P. Brown (Reuters) – At a time when its knack for innovation is in question, Nike on Wednesday announced a project to help
Explainer-What happens to Apple and Meta after the EU fine?
By Supantha Mukherjee STOCKHOLM (Reuters) -European Union antitrust regulators on Wednesday fined Apple 500 million euros ($570 million) and Meta 200 million euros to make
US crude stockpiles post surprise build as imports jump, EIA says
By Stephanie Kelly NEW YORK (Reuters) -U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline and distillate inventories fell more
Gold’s record run gains further traction; market conquers $3,500/oz
By Ashitha Shivaprasad and Anjana Anil (Reuters) -Gold’s remarkable run higher is reaching new heights, with the market touching $3,500 per ounce as confidence in the U.S.
GE Aerospace CEO Culp advocates tariff-free regime for aviation industry
By Rajesh Kumar Singh CHICAGO (Reuters) -GE Aerospace CEO Larry Culp said on Tuesday he advocated re-establishing a tariff-free regime for the aerospace industry under
Reddit back up after outage affecting thousands of users worldwide
(Reuters) -Social media platform Reddit was restored after thousands of users worldwide experienced outages on Monday, according to Downdetector.com. On its status page, Reddit said