Articles from www.reuters.com

Articles from www.reuters.com

Polymarket and Kalshi expect to pay out ~$450M total to US election bettors; Kalshi says 28K bet on Harris, 40K on Trump; one Polymarket user bet $40M on Trump (www.reuters.com)
2024-11-7 Trump

Sources: the US has recently renewed calls for Italy to repeal its domestic web tax, which applies to Meta, Google, and Amazon and raises under €500M per year (www.reuters.com)
2024-11-6 Italy Google Amazon Tax

GlobalFoundries reports Q3 revenue down 6% YoY to $1.7B and expects Q4 revenue of $1.8B-$1.85B, vs. $1.8B est., driven by smartphone chip demand; GFS jumps 11%+ (www.reuters.com)
2024-11-6 4Q

French judicial source: investigators searched Netflix's offices in France and the Netherlands as part of a preliminary investigation into tax fraud laundering (www.reuters.com)
2024-11-5 France Tax Netflix Netherlands

Robinhood, Kraken, and others unveil the Global Dollar Network to accelerate stablecoin usage and launch USDG, a Paxos-issued stablecoin pegged to the US dollar (www.reuters.com)
2024-11-5

Palantir reports Q3 revenue up 30% YoY to $725.5M, vs. $701.1M est., and raises 2024 revenue forecast again on robust AI adoption; PLTR jumps 11%+ after hours (www.reuters.com)
2024-11-5 AI

Shenzhen-based autonomous driving startup DeepRoute.ai raised $100M from an unnamed Chinese automaker, and plans to launch 10+ models with clients in 2025 (www.reuters.com)
2024-11-4 China Startup AI Shenzhen

The US fines GlobalFoundries $500K and says it sent 74 shipments worth $17.1M to SJ Semiconductor, an affiliate of SMIC, without seeking a license (www.reuters.com)
2024-11-4

Filing: US regulators rejected a proposal to let Amazon buy nuclear power for AWS data centers in Pennsylvania over energy grid reliability and other concerns (www.reuters.com)
2024-11-3 Amazon Energy

Intel scraps forecast of selling $500M+ worth of Gaudi AI accelerator chips in 2024, with CEO Pat Gelsinger citing chip transition and slower uptake to software (www.reuters.com)
2024-11-2 Intel AI

Disney forms the Office of Technology Enablement to coordinate its use of emerging technologies such as AI and mixed reality, to be led by CTO Jamie Voris (www.reuters.com)
2024-11-2 AI

Chinese researchers linked to the People's Liberation Army developed an AI model using Llama 2 for potential military use; Meta says such use is “unauthorized” (www.reuters.com)
2024-11-1 China AI

The Biden admin unveils an $825M investment in an Albany-based chip research and development facility; the NTSC says the facility aims to drive EUV innovation (www.reuters.com)
2024-11-1

eBay reports Q3 revenue up 3% YoY to $2.58B, GMV up 2% to $18.3B, net income down 51% to $636M, and forecasts Q4 revenue below est.; EBAY drops 9%+ after hours (www.reuters.com)
2024-10-31 eBay 4Q

Robinhood reports Q3 revenue up 36% YoY to $637M, vs. $657.9M est., and crypto transaction revenue up 165% to $61M; HOOD drops 8%+ after hours (www.reuters.com)
2024-10-31

DoorDash reports Q3 revenue up 25% YoY to $2.71B, vs. $2.66B est., total orders up 18% YoY to 643M, and forecasts Q4 adjusted EBITDA above estimates (www.reuters.com)
2024-10-31 4Q

Global Payments agrees to sell medical software business AdvancedMD to investment firm Francisco Partners for $1.13B; the deal is expected to close in Q4 2024 (www.reuters.com)
2024-10-31 4Q

Colorado says that some partial passwords for the state's voting systems were accidentally posted online but pose no threat to the November 5 general election (www.reuters.com)
2024-10-31

Sources: Reliance Retail plans to leverage its 3,000 supermarkets to catch up with India's quick commerce boom, which is expected to hit $6B in sales in 2024 (www.reuters.com)
2024-10-30 India Retail

EA reports Q2 net bookings up 14% YoY to $2.08B vs. $2.04B est., revenue up 6%, raises its FY 2025 bookings forecast, as its American football titles outperform (www.reuters.com)
2024-10-30 U.S.

AMD reports Q3 revenue up 18% YoY to $6.82B, vs. $6.71B est., Data Center revenue up 122% to $3.5B, and Q4 revenue forecast below est.; AMD drops 5% after hours (www.reuters.com)
2024-10-30 4Q AMD

Dozens of sources explain how Intel CEO Pat Gelsinger fumbled the company's revival, including offending TSMC with comments on Taiwan and losing a chip discount (www.reuters.com)
2024-10-30 Taiwan Intel

Consensys, the maker of the MetaMask crypto wallet, is cutting 162 staff, ~20% of its workforce, and notes costly fights with regulators (www.reuters.com)
2024-10-30

Sources: OpenAI is working with Broadcom and TSMC to build its first in-house AI chip focusing on inference, and has scaled back its foundry ambitions (www.reuters.com)
2024-10-30 AI

Hurun China Rich List: ByteDance founder Zhang Yiming, who stepped down as CEO in 2021, is China's richest person at $49.3B, as ByteDance's global revenue jumps (www.reuters.com)
2024-10-29 China

The Biden admin finalizes rules to limit US investments in AI and other tech sectors in China that could threaten national security, effective January 2 (www.reuters.com)
2024-10-29 China AI

Sierra, an AI startup co-founded by OpenAI board chairman and former Salesforce co-CEO Bret Taylor, raised $175M, valuing it at $4.5B, up from ~$1B previously (www.reuters.com)
2024-10-29 Startup AI Salesforce

Sources: TSMC halted shipments to Chinese chip designer Sophgo, which was co-founded by Bitmain's Micree Zhan, after TSMC chips were found on Huawei AI chips (www.reuters.com)
2024-10-27 China AI

Delta sues CrowdStrike, saying the July 19 outage caused mass flight cancellations, disrupted travel plans of 1.3M customers, and cost the carrier over $500M (www.reuters.com)
2024-10-26

Chinese self-driving firm WeRide raised $120M in its US IPO at a $4.21B valuation, and sold 7.7M shares at $15.50 a piece, the lower end of its targeted range (www.reuters.com)
2024-10-25 China IPO

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