By Jonathan Stempel NEW YORK (Reuters) – Walmart settled its lawsuit against Capital One over their credit card partnership, which had made Capital One the exclusive issuer of Walmart-branded consumer credit cards before ending last month. The case was dismissed on Thursday by U.S. District Judge Katherine Polk Failla in Manhattan, after the companies resolved…
By Nathan Layne and Trevor Hunnicutt (Reuters) – President Joe Biden is hunkered down with aides at Camp David for several days to get ready to debate rival Donald Trump, who is eschewing traditional preparation and instead holding informal policy discussions between campaign stops. The face-off in Atlanta, at 9 p.m. ET on Thursday (0100…
(Reuters) – Microsoft-backed OpenAI has acquired search and database analytics firm Rockset for an undisclosed sum, the ChatGPT maker said on Friday. A technology Rockset offers called vector search has benefited from increased adoption as more applications use artificial intelligence to power recommendation engines, voice assistants, chatbots and detect anomalies. WHY IT’S IMPORTANT Rockset said…
By David Randall NEW YORK (Reuters) – A blistering rally in U.S. big tech stocks may be due for a breather, offering hope for market segments that have been more tepid this year. Although the S&P 500 is up 14.6% this year, most of the broader index’s gains have been concentrated in the information technology…
(Reuters) -Honeywell has agreed to buy aerospace and defense technology company CAES Systems for $1.9 billion from private equity firm Advent International, the company said on Thursday. The all-cash deal marks Honeywell’s second acquisition in recent months to strengthen its aerospace technologies unit, amidst a realignment of its business to focus on megatrends such as…
By Stephanie Kelly NEW YORK (Reuters) – Coinbase launched on Thursday a $2 million ad campaign targeted toward Latino voters, the company told Reuters, as the crypto industry makes moves this U.S. election cycle to put friendly lawmakers into office. The ad campaign comes on top of tens of millions of dollars the crypto industry…
(Reuters) – Oracle on Thursday said it will invest more than $1 billion over the next 10 years in artificial intelligence and cloud computing in Spain, as it looks to meet increasing demand for its services in the country. The investment will be used to set up a new cloud region that will allow customers…
By Simon Lewis, Steve Holland and David Brunnstrom WASHINGTON (Reuters) -Comments by Russian President Vladimir Putin on Thursday that Russia may supply weapons for North Korea after signing a defense pact with Pyongyang are “incredibly concerning,” U.S. State Department spokesperson Matthew Miller said. Putin suggested after a visit to North Korea this week that such…
TAIPEI (Reuters) – The U.S. State Department has approved the possible sale to Taiwan of drones and missiles for an estimated $360 million, the Pentagon’s Defense Security Cooperation Agency said. The United States is bound by law to provide Chinese-claimed Taiwan with the means to defend itself despite the lack of formal diplomatic ties, to…
By Rajesh Kumar Singh EVENDALE, Ohio (Reuters) – A GE Aerospace executive said on Wednesday global supply chains will likely remain challenged even next year, despite a production slowdown at Boeing. Russel Stokes, head of GE Aerospace’s commercial engines and services, said while the company is aligned with Boeing’s production rates for this year, it…
