By Foo Yun Chee BRUSSELS (Reuters) -The Alliance for Open Media (AOM), whose members include Alphabet unit Google, Amazon, Apple and Meta, on Tuesday dodged a possible fine after EU antitrust regulators closed an investigation into its video licensing policy. The European Commission, which acts as the competition enforcer for the 27-country bloc, had been…
By Krystal Hu and Jaiveer Shekhawat (Reuters) -Anthropic, an artificial intelligence startup competing with OpenAI in building AI foundation models, said on Tuesday it had raised $450 million from investors including Alphabet Inc’s Google and Spark Capital. The latest round brings Anthropic’s total funding to nearly $1 billion, making it one of the most well-funded…
SAN FRANCISCO (Reuters) – Uber Technologies Inc will offer driverless cars on its ride-hailing and food delivery platform later this year through a partnership with Alphabet Inc’s Waymo, the companies said. Uber customers will be able to use a set number of Waymo’s driverless vehicles for rides and deliveries within a 180 square mile area…
By Karen Freifeld and David Shepardson WASHINGTON (Reuters) -The U.S. Senate’s top Democrat said on Tuesday he and President Joe Biden’s administration were engaging allies and businesses to address China’s ban on sales of memory chips made by U.S.-based Micron Technology Inc. The restrictions this week by China’s cyberspace regulator against Micron, the biggest U.S….
By Stephen Nellis (Reuters) -Apple Inc on Tuesday said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc to use chips made in the United States. Under the multi-year deal, Broadcom will develop 5G radio frequency components with Apple that will be designed and built in several U.S. facilities, including Fort Collins, Colorado, where…
(Reuters) – Apple Inc said on Tuesday it would host its annual developers’ conference from June 5 to June 9, where the iPhone maker is expected to unveil its latest software updates. The event will take place online, said Apple. (Reporting by Tiyashi Datta in Bengaluru)
By Joseph White DEARBORN, Michigan (Reuters) – Ford Motor Co CEO Jim Farley has yet to convince investors the automaker’s next generation of electric vehicles can hit 2026 profit targets, but he is already worrying about the third generation of Ford EVs that will launch late in this decade. “The third cycle of connected, digital…
By Foo Yun Chee LUXEMBOURG (Reuters) -EU competition regulators appealed to the bloc’s highest court on Tuesday to override a lower tribunal and make Apple pay a record 13 billion euros ($14.3 billion) in Irish back taxes. The case, which has far-reaching implications for corporate tax bills, is the most high-profile of EU antitrust chief…
By Jonathan Stempel (Reuters) – A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year in the course of buying the social media company for $44 billion. In a decision on Monday, U.S. District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked…
(Reuters) -Activist investor TCS Capital Management on Tuesday urged Yelp Inc to either explore a sale or a merger with online-services company Angi Inc, sending shares of the service-recommendation site 10% higher in premarket trading. Yelp is “shockingly undervalued” and could be sold for more than twice its share price, said TCS Capital, one of…
