By Aditya Kalra and Yuvraj Malik NEW DELHI (Reuters) -Walt Disney is exploring options to sell or find a joint venture partner for its India digital and TV business, a source with direct knowledge said on Wednesday. The talks are in a “very, very nascent” stage and no potential buyer or partner has been approached…
By Heekyong Yang and Ju-min Park SUWON, South Korea (Reuters) – The trial of a South Korean chip executive accused of stealing sensitive information developed by Samsung Electronics began on Wednesday in a case that underscores South Korea’s crackdown on industrial espionage. Prosecutors have alleged that Choi Jinseog, a former Samsung Elec executive and a…
By Deborah Mary Sophia (Reuters) – Back-to-school spending is expected to fall for the first time in nine years as shoppers across all income levels pull back on non-essential purchases and prioritize necessities amid sticky inflation, according to a Deloitte report on Wednesday. Consumers are expected to spend 10% less this year, with average spend…
By Jeffrey Dastin AUSTIN (Reuters) – A key way that Amazon’s cloud division aims to set itself apart from rivals perceived to have a leg up on artificial intelligence is by competing on price, an executive said on Tuesday. The AI models behind a viral chatbot like ChatGPT require immense computing power to train and…
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil on Tuesday said its net profit surged 89.1% in the second quarter on the back of foreign exchange gains. The company, controlled by the family of Mexican tycoon Carlos Slim, posted a net profit of 25.87 billion pesos ($1.5 billion), beating the Refinitiv estimate of 22.61 billion…
By Stephen Nellis SAN FRANCISCO (Reuters) – International Business Machines (IBM) is considering the use of artificial intelligence chips that it designed in-house to lower the costs of operating a cloud computing service it made widely available this week, an executive said Tuesday. In an interview with Reuters at a semiconductor conference in San Francisco,…
(Reuters) -KPMG said on Tuesday it will spend $2 billion on artificial intelligence and cloud services through an expanded partnership with Microsoft, closely following Accenture in betting on the latest technologies to weather a slowdown in advisory deals. The accounting firm said it will incorporate AI into its core audit, tax and advisory services for…
By Jonathan Stempel (Reuters) – A U.S. judge on Tuesday dismissed a lawsuit in which the founder of WallStreetBets, which helped ignite investors’ fascination with “meme” stocks, accused Reddit of wrongly banning him from moderating the community and usurping his trademark rights. Jaime Rogozinski, who founded WallStreetBets in 2012, said Reddit ousted him in April…
(Reuters) – Faraday Future Intelligent Electric said on Tuesday its interim finance chief has resigned and the company will restate its financial statements for 2022 and the quarter ended March 2023 after it uncovered some errors, highlighting continued turmoil at the electric vehicle firm. The company, which had raised going-concern doubts last year, appointed outsider…
By Jeffrey Dastin AUSTIN (Reuters) -Months since ChatGPT’s debut, engineers and marketers at the stock exchange operator Nasdaq are embracing newer artificial intelligence, while its lawyers are treading more cautiously, its chief technology and chief information officer said on Tuesday. Inside Nasdaq, which also sells technology for global markets, workers across different departments are exploring how…
