By Stephen Nellis and Karen Freifeld WASHINGTON (Reuters) -The U.S. Commerce Department should put trade curbs on Chinese memory chip maker Changxin Memory Technologies (CXMT) after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives’ committee on China said on Tuesday….
By Sam Nussey TOKYO (Reuters) – Sony Group Corp said on Wednesday that the success of hit drama “The Last Of Us” from television network HBO is boosting sales of the game series upon which it is based, in a stand-out case of the group repurposing its popular franchises. “We could see very, very clearly…
By Lisa Richwine and Dawn Chmielewski (Reuters) -Netflix Inc on Tuesday expanded its crackdown on password sharing to the United States and more than 100 other countries, alerting users that their accounts cannot be shared for free outside of their households. The streaming video pioneer has been looking for new ways to make money as…
(Reuters) -Lordstown Motors Corp on Tuesday announced a reverse stock split to meet Nasdaq listing norms and appease investor Foxconn, which has threatened to scrap a crucial $170 million funding for the struggling electric-vehicle maker. The 1:15 split has been scheduled for May 24, the company said, but added there was no assurance that the…
(Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a new factory by the end of this year. When the Wall Street Journal’s Thorold Barker asked Musk at an event if India was interesting, he said, “Absolutely”. Tesla is “serious” about its plans to establish…
By Joey Roulette WASHINGTON (Reuters) -Richard Branson’s bankrupt satellite launch firm, Virgin Orbit, on Tuesday revealed that it was closing for good after a $36.4 million asset sale, including an agreement to sell the bulk of its Long Beach, California, headquarters to small-launch firm Rocket Lab USA Inc. Rocket Lab, the seasoned small-rocket company whose…
By Nandita Bose WASHINGTON (Reuters) – The White House said on Tuesday it would ask workers how their employers use artificial intelligence (AI) to monitor them, as it allocates federal investments in the technology, which is expected to change the nature of work. The White House will hold a listening session with workers to understand…
(Reuters) -Shutterstock Inc said on Tuesday it would buy animated-images platform Giphy Inc from Meta Platforms Inc for $53 million in cash, months after the Facebook owner had agreed to divest the company on competition concerns. Britain’s competition regulator last year ordered Meta to sell Giphy over fears that it could deny or limit competitors…
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Things are heating up on the bitcoin blockchain. Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glassnode, almost 40% higher than the previous peak in 2017. Bitcoin’s dominance, or its share of the overall $1.16 trillion cryptocurrency market,…
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg said Tuesday there are concerns about the interaction between Tesla’s advanced driver assistance system Autopilot and drivers that is the subject of an ongoing government investigation. Since August 2021, the National Highway Traffic Safety Administration (NHTSA) has been investigating a series of Tesla crashes involving…
