(Reuters) -Tesla will likely spend between $3 billion and $4 billion on its purchases of chip company Nvidia’s hardware this year, CEO Elon Musk said in a post on X on Tuesday. Musk also said that out of the $10 billion in artificial intelligence-related capital expenditure this year, around half would be internal spend. “For…
By Ted Hesson and Mica Rosenberg WASHINGTON (Reuters) -Migrants caught illegally crossing the U.S.-Mexico border could be denied the chance to claim asylum and quickly deported or turned back to Mexico under new restrictions announced on Tuesday, part of a sweeping enforcement effort by U.S. President Joe Biden. The new measures will take effect immediately…
(Reuters) – Short video app TikTok has taken measures to stop a cyberattack targeting several brand and celebrity accounts, including news network CNN, a spokesperson for the company said on Tuesday. “We have been collaborating closely with CNN to restore account access and implement enhanced security measures to safeguard their account moving forward,” the spokesperson…
By Elizabeth Howcroft and Hannah Lang AMSTERDAM/NEW YORK (Reuters) – The president of U.S. crypto firm Ripple is “optimistic” that a lobbying push by the crypto industry will yield results in this year’s U.S. elections, after her company helped the industry lead a record fundraising haul to back political candidates who are crypto-friendly. San Francisco-based…
(Reuters) – JetBlue Airways on Monday forecast a smaller drop in second-quarter revenue than it had previously forecast due to healthy travel demand, sending its shares up 2.3% in premarket trading. Major U.S. carriers expect record passenger numbers for the summer season but uneven demand on certain routes has led to overcapacity and is hurting…
(Reuters) -Spotify raised prices for its premium plans in the United States on Monday, the latest step by the Swedish music-streaming service in its push to increase margins. On a monthly basis, Spotify has raised prices of its individual plan to $11.99 from $10.99, duo plan to $16.99 from $14.99 and its family plan to…
By Jasper Ward (Reuters) – Roughly a day since joining TikTok, Republican presidential candidate Donald Trump had attracted 3 million followers on the short video social media platform that he tried to ban as president on national security grounds. The decision to join the platform on Saturday could help the former president reach younger voters…
By Arsheeya Bajwa TAIPEI (Reuters) – Advanced Micro Devices unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader Nvidia. At the Computex technology trade show in Taipei, AMD CEO Lisa Su introduced the MI325X accelerator, which…
By David Shepardson WASHINGTON (Reuters) – U.S. regulators will not immediately allow Boeing to increase 737 MAX production as it addresses ongoing safety issues, the agency’s administrator said on Thursday, after a three-hour meeting with company officials, including outgoing CEO Dave Calhoun. The Federal Aviation Administration’s enhanced oversight of Boeing will continue in coming months,…
By Liz Lee, Joey Roulette, Joe Brock and Eduardo Baptista BEIJING (Reuters) -China landed an uncrewed spacecraft on the far side of the moon on Sunday, overcoming a key hurdle in its landmark mission to retrieve the world’s first rock and soil samples from the dark lunar hemisphere. The landing elevates China’s space power status…
