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Oracle’s quarterly revenue beats estimates as AI boom drives cloud demand
3+ day, 16+ hour ago (321+ words) Sept 10 (Reuters) – Oracle topped Wall Street expectations for first-quarter revenue on Thursday and lifted its annual profit forecast, boosted by strong demand for its cloud computing services from surging enterprise spending on AI. Shares of the company, which have fallen…...
EU watchdog flags risk of abrupt market correction
3+ day, 23+ hour ago (291+ words) By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s financial watchdog said on Thursday, citing conflict in the Middle East and rising energy…...
China’s DeepSeek launches V4.1-Flash model
4+ day, 5+ hour ago (98+ words) 1450 AM 99.7 FM WHTC China’s DeepSeek launches V4.1-Flash model BEIJING, Sept 10 (Reuters) – Chinese artificial intelligence startup DeepSeek on Thursday launched DeepSeek-V4.1-Flash, which the company said is the smallest model in its new architecture family, according to a statement. The release…...
Amazon will raise $5.8 billion in first sterling bond sale, lead managers say
4+ day, 20+ hour ago (331+ words) LONDON, Sept 9 (Reuters) – Amazon will raise £4.25 billion ($5.76 billion) in its first-ever sterling bond sale, more than initially expected, according to a bank managing the deal, as hyperscalers rush to diversify their funding sources to finance the AI boom. The deal,…...
Snowflake shares surge as AI demand powers growth, lifts outlook
1+ week, 4+ day ago (342+ words) Sept 3 (Reuters) – Snowflake’s shares surged more than 24% before the bell on Thursday as investors cheered a stronger annual revenue forecast and signs that the company’s AI products are gaining traction. The cloud data platform provider lifted its fiscal 2027 product revenue…...
Tech pilgrims flock to China as global innovation race heats up
1+ week, 4+ day ago (935+ words) BEIJING, Sept 3 (Reuters) – Humanoid robots working on factory floors, AI models challenging global rivals and electric-vehicle plants churning out cars at breathtaking scale are drawing a new wave of foreign visitors to China. Investors and entrepreneurs are paying thousands of…...
Tesla set to hold Cybercab event in Austin, Texas
1+ week, 5+ day ago (351+ words) SAN FRANCISCO, Sept 2 (Reuters) – Tesla is set to hold an event for its purpose-built robotaxi Cybercab in Austin, Texas, on Thursday, amid much fanfare, as well as questions about regulatory hurdles and safety of the technology. • The Cybercab is a…...
Novartis signs deal worth up to $3.2 billion for Alteogen’s drug delivery technology
1+ week, 5+ day ago (172+ words) Sept 2 (Reuters) – South Korea’s Alteogen said on Wednesday it has signed a deal with Novartis worth up to $3.22 billion, giving the Swiss drugmaker access to its technology to make injectable versions of intravenous drugs. • The licensing agreement gives Novartis multiple…...
Berkshire CEO Abel sees opportunity for energy business from AI
1+ week, 5+ day ago (197+ words) NEW YORK, Sep 2 (Reuters) – Berkshire Hathaway Chief Executive Greg Abel said on Wednesday he sees significant opportunities for the conglomerate’s energy business from the buildout of AI data centers, after Berkshire made Google parent Alphabet its third-largest common stock holding....
India’s Yotta targets Jan-March 2027 IPO, seeks up to $1.5 billion amid AI boom
1+ week, 5+ day ago (359+ words) (Corrects typographical error in editing credit) By Abhirami G and Sai Ishwarbharath B Sept 2 (Reuters) – Indian data centre operator Yotta Data Services plans to launch an IPO in the January-March quarter of 2027, CEO Sunil Gupta told Reuters, as it seeks…...