Amazon doubles down on AI startup Anthropic with $4 billion investment
By Arsheeya Bajwa (Reuters) -Amazon.com pumped in an additional $4 billion into artificial intelligence startup Anthropic, as the e-commerce giant…
Business
TJX raises annual profit forecast as off-price stores attract bargain hunters
(Reuters) -TJX Cos raised its annual profit forecast on Wednesday, benefiting from lower costs and strong demand from cash-strapped customers…
Nvidia’s Run:ai deal to get EU antitrust decision by Dec. 20
BRUSSELS (Reuters) – EU antitrust regulators will make a decision on U.S. chipmaker Nvidia’s proposed acquisition of Israeli AI startup…
Qualcomm expects $12 billion in revenue from autos, PC chips in five years
(Reuters) – Qualcomm expects $8 billion in automotive chip revenue and $4 billion in PC chip sales by fiscal 2029,…
Palantir shares rally to fresh record on plans for move to Nasdaq
By Sinéad Carew (Reuters) – Shares in Palantir Technologies Inc were up more than 6% on Friday, hitting a record…
Amazon launches low-cost ecommerce service in US to challenge Temu
(Reuters) – Amazon.com launched a low-cost ecommerce service called Amazon Haul for some customers in the United States giving them…
AMD to cut 4% of global workforce as it focuses on AI chip development
(Reuters) – Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs…
Alphabet’s Waymo opens autonomous ride-hailing service to all in Los Angeles
(Reuters) – Alphabet’s Waymo said on Tuesday its autonomous ride-hailing service, Waymo One, is now available to everyone in Los…
FAA bars US airlines from Haiti after gunfire hits planes
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration said on Tuesday it will bar U.S. airlines from operating…
Exclusive-Toyota aims to ramp up China production in a strategy pivot, sources say
By Maki Shiraki TOKYO (Reuters) – Toyota aims to make at least 2.5 million vehicles a year in China by…