Articles from www.reuters.com

Articles from www.reuters.com

Filing: Gloo, a developer of AI tools for Christian churches with ex-Intel CEO Pat Gelsinger as its head of technology, seeks an $873.4M valuation in its US IPO (www.reuters.com)
1 hour ago Intel IPO AI

Filing: Meta plans to raise money through bond offerings worth up to $30B; the company has said its capex next year would be “notably larger” than in 2025 (www.reuters.com)
7 hours ago

Apple expects Q1 revenue to grow 10% to 12% YoY, with iPhone sales up by double digits, and reports Q4 China revenue down 4% YoY to $14.5B, vs. $16.24B est. (www.reuters.com)
7 hours ago China iPhone Apple 4Q

Swedish startup Legora, whose AI tools help legal teams research and more, raised a $150M Series C at a $1.8B valuation, up from $675M in May after raising $80M (www.reuters.com)
18 hours ago Startup AI Sweden

Sources: OpenAI is preparing for an IPO that could value it at ~$1T and has looked at raising $60B+, filing as soon as H2 2026 and listing in 2027 (www.reuters.com)
1 day ago IPO

Microsoft reports Q1 Azure and other cloud services revenue up 40% YoY, vs. 38.4% est., and capital expenditures at $34.9B, vs. $30.34B est. (www.reuters.com)
1 day ago Microsoft

Meta recorded a one-time income tax charge of $15.93B related to Trump's Big Beautiful Bill and expects 2025 capex of $70B-$72B, up from a $66B-$72B forecast (www.reuters.com)
1 day ago Trump Tax

The US FCC votes 3-0 to tighten restrictions on telecom equipment from Chinese companies on its Covered List, including Huawei and ZTE, to close loopholes (www.reuters.com)
1 day ago China

USC sues Google in Texas federal court, alleging that Google Earth, Maps, and Google Street View violate its patents for overlaying 2D images onto 3D models (www.reuters.com)
1 day ago Google Texas

Palantir announces a partnership to use Nvidia's chips and software to help its customers speed up decision-making in complex fields such as logistics (www.reuters.com)
2 days ago Nvidia Logistics

Foxconn says it plans to deploy Nvidia's Isaac GR00T N model of humanoid robots at its factory in Houston, Texas, which produces AI servers for Nvidia (www.reuters.com)
2 days ago AI Robot Nvidia Texas

Sources: Francisco Partners is in talks to acquire Jamf, which provides remote device management tools, taking it private; Jamf has a market cap of ~$1.5B (www.reuters.com)
2 days ago

Celebrity video shoutout app Cameo sues OpenAI for trademark infringement, alleging Sora's “cameo” feature is likely to cause confusion and dilute its brand (www.reuters.com)
2 days ago

Skyworks buys rival Qorvo for ~$9.76B in a cash-and-stock deal, forming a $22B combined company that supplies radio-frequency chips to Apple and others (www.reuters.com)
2 days ago Apple

Riyadh-based BNPL startup Tabby completes a secondary share sale of existing shareholders' stakes, valuing it at $4.5B ahead of a possible IPO (www.reuters.com)
2 days ago IPO Startup

NXP reports Q3 revenue down 2% YoY to $3.17B, vs. $3.16B est., automotive revenue flat YoY to $1.83B, and expects above estimates Q4 revenue of $3.20B to $3.40B (www.reuters.com)
3 days ago 4Q

Sources: the Netherlands took control of Nexperia over fears its ex-CEO Zhang Xuezheng was dismantling its European operations and moving production to China (www.reuters.com)
3 days ago China Europe Netherlands

A US judge decertifies a class action that accused Apple of monopolizing the market for iPhone apps, citing errors in the plaintiffs' damages model (www.reuters.com)
3 days ago iPhone Apple

Chegg plans to cut 388 roles, or about 45% of the workforce, citing the “new realities of AI”, and says executive chairman Dan Rosensweig returns as CEO (www.reuters.com)
3 days ago AI

NextEra Energy and Google sign a 25-year power supply deal, which includes restarting the 615MW Duane Arnold nuclear plant in Iowa, shut down in 2020 (www.reuters.com)
3 days ago Google Energy

Sources: SAP is considering a new bid for software company BlackLine, after its previous offer of $66 per share, or nearly $4.5B, was rejected in June (www.reuters.com)
3 days ago

Sources: Amazon plans to lay off ~10% of corporate staff, or ~30,000 people, its largest layoffs since 2022, to reduce costs and address pandemic overhiring (www.reuters.com)
3 days ago Amazon Layoffs

The US forms a $1B partnership with AMD to construct two supercomputers, Lux and Discovery, accelerating research in fusion energy, drug development, and more (www.reuters.com)
3 days ago Energy AMD

Papers, patents, and tenders show China's military is integrating DeepSeek and Qwen models in weapons like AI-powered drones, and continues to use Nvidia chips (www.reuters.com)
3 days ago China AI Drone Nvidia

Australia sues Microsoft for allegedly misleading ~2.7M Microsoft 365 users into accepting a price hike for Copilot plans while hiding cheaper non-AI options (www.reuters.com)
4 days ago Australia Microsoft AI

Kyrgyzstan launches a national stablecoin and a CBDC in partnership with Binance; CZ says a national cryptocurrency reserve includes Binance's BNB token (www.reuters.com)
5 days ago Cryptocurrency

Xiaomi says surging memory chip prices have raised the cost of making smartphones, after pricing of its new Redmi K90 series disappointed Chinese consumers (www.reuters.com)
5 days ago China Xiaomi

Shares of Japanese optical fiber maker Fujikura are up ~171% YTD, outpacing the Nikkei's 22% and lifting its market cap to $33B+ amid the AI data center boom (www.reuters.com)
5 days ago Japan AI

Lindo St. Angel, VP of hardware at Amazon's Lab126 R&D unit since 2010, plans to leave on October 31; he helped develop the Echo, Astro robot, and Fire tablet (www.reuters.com)
6 days ago Amazon Robot

Oreo maker Mondelez has spent $40M+ on an AI tool, developed with Publicis and Accenture, to cut costs for the production of marketing content by 30% to 50% (www.reuters.com)
6 days ago AI

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