(Reuters) – AT&T said on Monday it had struck a $1 billion multi-year deal with Corning to buy fiber, cable, and connectivity solutions, as the U.S. telecom giant looks to expand its high-speed internet services. WHY IT’S IMPORTANT With the U.S. wireless market facing a slowdown, telecom companies such as AT&T and rival Verizon have…
(Reuters) -Meta Platforms is working on an artificial intelligence-based search engine as it looks to reduce dependence on Alphabet’s Google and Microsoft’s Bing, the Information reported on Monday. The AI search engine segment is heating up with ChatGPT-maker OpenAI, Google and Microsoft all vying for dominance in the rapidly evolving market. Meta’s web crawler will…
By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) – JPMorgan Chase CEO Jamie Dimon blasted several major U.S. regulatory initiatives on capital rules, card payments and open banking at a conference on Monday. The outspoken executive, 68, who runs the largest U.S. lender, criticized what he called overlapping or ill-conceived regulations. “It’s time to…
By Aditya Soni (Reuters) – Microsoft is expected to report its slowest quarterly revenue growth in a year on Wednesday, while investors await signs of AI demand amid growing worries about the slow payoff from hefty investments in the technology. The software giant is widely seen as the front-runner in the race to capitalize on…
