Disney exploring sale or partners for India business, source says
By Aditya Kalra and Yuvraj Malik NEW DELHI (Reuters) -Walt Disney is exploring options to sell or find a joint…
Technology
Trial starts for Korean chip exec accused of stealing Samsung secrets for China factory
By Heekyong Yang and Ju-min Park SUWON, South Korea (Reuters) – The trial of a South Korean chip executive accused…
Back-to-school spending set for first decline in nine years as inflation bites – report
By Deborah Mary Sophia (Reuters) – Back-to-school spending is expected to fall for the first time in nine years as…
Amazon touts its low-cost cloud computing in generative AI race
By Jeffrey Dastin AUSTIN (Reuters) – A key way that Amazon’s cloud division aims to set itself apart from rivals…
Mexico’s America Movil Q2 net profit surges to beat estimates
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil on Tuesday said its net profit surged 89.1% in the second quarter…
IBM mulls using its own AI chip in new cloud service to lower costs
By Stephen Nellis SAN FRANCISCO (Reuters) – International Business Machines (IBM) is considering the use of artificial intelligence chips that…
KPMG to invest $2 billion in AI, cloud services
(Reuters) -KPMG said on Tuesday it will spend $2 billion on artificial intelligence and cloud services through an expanded partnership…
Reddit beats lawsuit by WallStreetBets founder
By Jonathan Stempel (Reuters) – A U.S. judge on Tuesday dismissed a lawsuit in which the founder of WallStreetBets, which…
Faraday Future interim CFO resigns, firm to restate certain financial reports
(Reuters) – Faraday Future Intelligent Electric said on Tuesday its interim finance chief has resigned and the company will restate…
Generative AI comes to Nasdaq, winning over engineers
By Jeffrey Dastin AUSTIN (Reuters) -Months since ChatGPT’s debut, engineers and marketers at the stock exchange operator Nasdaq are embracing…