Nvidia’s results spark nearly $300 billion rally in AI stocks
By Noel Randewich and Sinéad Carew (Reuters) -Stocks related to artificial intelligence surged in extended trade on Wednesday, adding almost…
Technology
Nvidia shares soar nearly 30% as sales forecast jumps and AI booms
By Chavi Mehta and Stephen Nellis (Reuters) -Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street…
Verizon warns customer service employees of impending layoffs- The Verge
(Reuters) – Verizon Communications Inc held a meeting with customer service employees to notify them of upcoming “restructuring” and “streamlining”…
Facebook owner Meta slashes business teams in final round of layoffs
By Katie Paul NEW YORK (Reuters) -Meta Platforms Inc, owner of Facebook, slashed jobs across its business and operations units…
Microsoft appeals against UK block on Activision Blizzard deal
LONDON (Reuters) -Microsoft filed an appeal on Wednesday of Britain’s decision to block its $69 billion takeover of “Call of…
EU, Google to develop voluntary AI pact ahead of new AI rules, EU’s Breton says
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet and the European Commission aim to develop an artificial intelligence (AI) pact…
OpenAI may leave the EU if regulations bite – CEO
LONDON (Reuters) – OpenAI CEO Sam Altman said on Wednesday the ChatGPT maker might consider leaving Europe if it could…
US business borrowing for equipment falls 8% in April- ELFA survey
(Reuters) – U.S. companies borrowed nearly 8% less in April than last year to finance equipment investments, industry body Equipment…
Amazon beats all 18 shareholder-led proposals at annual meeting
By Arriana McLymore NEW YORK, NY (Reuters) – Amazon.com Inc investors voted against all 18 shareholder-led proposals during the e-commerce…
Exclusive: Fast-fashion giant Shein plans Mexico factory – sources
By Krystal Hu and Arriana McLymore (Reuters) – Online fashion giant Shein is exploring plans to build a factory in…