Articles from www.reuters.com

Articles from www.reuters.com

SCOTUS rejects Apple's request to temporarily block a judicial order in the Epic Games lawsuit that found Apple in violation of court-mandated App Store changes (www.reuters.com)
20 days ago Apple

CRM software company Freshworks said it plans to cut 11% of its workforce, or ~500 jobs, as it deals with AI's impact; FRSH has dropped ~26% in 2026 (www.reuters.com)
20 days ago AI CRM

EA reports Q4 net bookings up 3.6% YoY to $1.86B, vs. $2B est., weighed down by a post-launch drop-off in engagement for Battlefield 6 (www.reuters.com)
20 days ago 4Q

Super Micro reports Q3 revenue up 123% YoY to $10.24B, vs. $12.33B est., forecasts Q4 revenue and adjusted profit above estimates; SMCI jumps 17%+ after hours (www.reuters.com)
20 days ago 4Q

AMD reports Q1 revenue up 38% YoY to $10.25B, Data Center revenue up 57% to $5.8B, and forecasts Q2 revenue above estimates, as AI chip demand stays strong (www.reuters.com)
21 days ago AI AMD

Pennsylvania sues Character.AI, alleging that one of its characters posed as a psychiatrist, as the state seeks to prevent chatbots from impersonating doctors (www.reuters.com)
21 days ago AI chatbot

Coinbase CEO Brian Armstrong announces the company is cutting ~700 jobs, or ~14% of its global workforce, to reduce costs, saying “AI is changing how we work” (www.reuters.com)
21 days ago AI Coinbase

Meta says it will expand Instagram teen account safeguards to 27 EU countries, and plans to roll them out on Facebook in the US, ahead of the UK and EU in June (www.reuters.com)
21 days ago Facebook Instagram

New Mexico child safety trial: New Mexico asks a judge to declare Meta a public nuisance and to order it to pay $3.7B and overhaul its apps to protect children (www.reuters.com)
21 days ago Mexico

Duolingo reports Q1 revenue up 27% YoY to $292M, vs. $288.5M est., bookings up 14% to $308.5M, and expects slower growth in Q2; DUOL drops 12%+ after hours (www.reuters.com)
21 days ago

Palantir reports Q1 revenue up 85% YoY to $1.63B, vs. $1.54B est., US government revenue up 84% to $687M, and US commercial revenue up 133% to $595M (www.reuters.com)
22 days ago

Sources: more than two dozen prediction-market ETFs have been pushed back as the SEC seeks more information; they were originally expected to launch this week (www.reuters.com)
22 days ago ETF

Investment and tech firm Long Lake says it will buy corporate travel operator Amex GBT for $6.3B, citing AI's ability to modernize the business travel sector (www.reuters.com)
22 days ago AI

Amazon debuts Supply Chain Services, allowing other companies to use its logistics network to move, store, and deliver raw materials, final products, and more (www.reuters.com)
22 days ago Amazon Logistics

Source: Cerebras is expected to price its shares at between $115 and $125 and go public with the “CBRS” ticker; Cerebras is targeting a $40B valuation (www.reuters.com)
22 days ago

China's Linkerbot, which holds 80%+ of global dexterous robotic hands market, raised a Series B+ at a $3B valuation and seeks a $6B valuation in its next round (www.reuters.com)
22 days ago China Robot

Amadeus IT Group, which operates the world's largest travel booking system, plans to acquire French biometrics company Idemia Public Security, for €1.2B in cash (www.reuters.com)
23 days ago France

An investigation finds Nobitex was founded by two brothers from Iran's Kharrazi family; the crypto exchange processed hundreds of millions beyond US sanctions (www.reuters.com)
24 days ago Iran

A UK court orders Samsung to pay ZTE $392M for patents needed to enable phone network access; Samsung faces similar suits from ZTE in China, Germany, and Brazil (www.reuters.com)
24 days ago China Germany Samsung Brazil

The Academy of Motion Picture Arts and Sciences issues new rules saying acting and writing must be performed by humans and not AI to be eligible for Oscars (www.reuters.com)
24 days ago AI

The US Navy awards Domino Data Lab a contract worth up to $100M for AI software that teaches underwater drones to identify new mines in the Strait of Hormuz (www.reuters.com)
25 days ago AI Drone

Western Digital reports Q3 revenue up 45% YoY to $3.34B, vs. $3.25B est., and forecasts Q4 revenue above estimates; WDC drops 7%+ after hours (www.reuters.com)
25 days ago 4Q Western Digital

Atlassian reports Q3 revenue up 32% YoY to $1.79B, vs. $1.69B est., and raises its annual revenue forecast; TEAM jumps 17%+ after hours (www.reuters.com)
25 days ago Atlassian

Tim Cook says iPhone sales, which slightly missed Q2 estimates, were held back by chip supply constraints, as “demand was off the charts” (www.reuters.com)
25 days ago iPhone Tim Cook

Sources: strong AI demand in China nearly doubles prices for Nvidia's B300 servers to ~$1M each, as a crackdown on chip smuggling dries up black market supply (www.reuters.com)
26 days ago China AI Nvidia

SpaceX IPO filing: Elon Musk can only be removed as CEO via a vote by holders of Class B super-voting shares, which he will control post-IPO, a rare provision (www.reuters.com)
27 days ago IPO Elon Musk SpaceX

Cognizant agrees to acquire Astreya, which helps manage data center infrastructure, AI lab environments, and enterprise networks, for ~$600M, set to close in Q2 (www.reuters.com)
27 days ago AI

Filing: TSMC sold its remaining 1.11M Arm shares at $207.65 per share for a total of ~$231M this week; TSMC invested ~$100M in Arm's 2023 IPO at $51 per share (www.reuters.com)
27 days ago IPO

Microsoft is rolling out Copilot 365 to all of Accenture's roughly 743,000 employees, in the biggest enterprise deal for Copilot, following a 2023 pilot (www.reuters.com)
27 days ago Microsoft

EU countries and lawmakers reach an impasse on a deal watering down the EU's AI Act due to some parties seeking exemptions for already regulated industries (www.reuters.com)
27 days ago AI

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