By Akash Sriram and Abhirup Roy (Reuters) -Rivian said on Wednesday it would cut its workforce by 10% and forecast EV production for this year that widely missed estimates, hurt by downtime for factory upgrades and slowing demand for electric vehicles due to high interest rates. Shares of the company tumbled about 16% in extended…
(Reuters) – Google said on Wednesday that some of its artificial intelligence tools that it offers to businesses will be powered by the company’s “Gemini” AI models and available at a lower-priced plan as it looks to compete with Microsoft-backed OpenAI. The Alphabet unit in August last year introduced “Duet AI in Workspace”, a set…
By Howard Schneider WASHINGTON (Reuters) – Inflation data in January, with consumer and wholesale prices rising faster than anticipated, complicate upcoming U.S. central bank interest rate decisions, Richmond Federal Reserve President Thomas Barkin said on Wednesday. The reports released last week “underline the challenge we have had in the recent data,” with a slowdown of…
(Reuters) – U.S. miner Piedmont Lithium said on Wednesday it would sell its remaining shares in Australian miner Sayona Mining for about A$59.9 million ($39.28 million). Weakness in lithium prices due to global supply outweighing demand led to Piedmont cutting 27% of its workforce earlier this month as part of a broader cost cutting plan….
By Tom Wilson LONDON (Reuters) -Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision the company said on Wednesday “aligned with its efforts to ensure that USDC remained trusted, transparent and safe”. Boston-based Circle said in a blog that, effective immediately, it would no longer…
