(Reuters) -C3.ai shares jumped 24% to a six-month high on Thursday after the AI software firm delivered third-quarter results ahead of Wall Street expectations and narrowed its full-year revenue forecast on strong enterprise demand. The company’s shares have gained 227% since the end of 2022, valuing it at $4.46 billion, as it draws strong interest…
By Stephen Nellis (Reuters) -Apple plans to disclose more about its plans to put generative artificial intelligence to use later this year, Chief Executive Officer Tim Cook said during the company’s annual shareholder meeting on Wednesday. Cook said that the iPhone maker sees “incredible breakthrough potential for generative AI, which is why we’re currently investing…
(Reuters) -Coinbase Global said on Wednesday that all services on its website have been restored after an issue earlier in the day caused some users to see zero balance across their accounts. “Very few customers may still see an inaccurate balance on their account. Our team is working on resolving this display issue for these…
By Jonathan Stempel and Luc Cohen NEW YORK (Reuters) -Donald Trump on Wednesday lost a bid to pause a $454.2 million civil fraud judgment against him for overstating his net worth and real estate values to dupe lenders, meaning he must soon find the cash or post a bond to prevent New York authorities from…
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google was hit with a 2.1-billion-euro ($2.3 billion) lawsuit by 32 media groups including Axel Springer and Schibsted on Wednesday, alleging that they had suffered losses due to the company’s practices in digital advertising. Shares of the Mountain View, California-based company fell more than 2%. The move by…
By Blake Brittain (Reuters) -OpenAI has asked a federal judge to dismiss parts of the New York Times’ copyright lawsuit against it, arguing that the newspaper “hacked” its chatbot ChatGPT and other artificial-intelligence systems to generate misleading evidence for the case. OpenAI said in a filing in Manhattan federal court on Monday that the Times…
(Reuters) – Warner Bros Discovery is no longer pursuing a merger with Paramount Global, halting talks after several months of kicking the tires on merging the media companies, CNBC reported on Tuesday, citing sources familiar with the matter. (Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shinjini Ganguli)
LONDON (Reuters) – Barclays has agreed to sell about $1.1 billion of credit card debt in the United States to Blackstone, in a deal the British bank said would free up capacity to expand lending and reduce balance sheet risk. Barclays said the agreement reflected its recently-announced strategy to prioritise growing lending to consumers, and…
By Hannah Lang and Amanda Cooper WASHINGTON/LONDON (Reuters) -Bitcoin hit a two-year high on Tuesday, on track for its biggest two-day rally this year, on signs large players were buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022. Bitcoin has rallied more than 10% in two sessions, helped by…
(Reuters) – Automotive parts retailer AutoZone reported a better-than-expected quarterly profit on Tuesday, helped by a Do-It-Yourself(DIY) trend among customers wanting to keep their older cars on the road. Demand for auto parts stayed resilient during the quarter as surging prices of new and used vehicles discouraged some buyers from buying new ones. The Memphis,…
