News
Instant View: Anthropic IPO filing ratifies Wall Street's AI obsession
5+ hour, 46+ min ago (371+ words) NEW YORK, June 1 (Reuters) " AI giant Anthropic said on Monday it has confidentially filed for a U. S. initial public offering, teeing up a watershed moment for Wall Street's AI frenzy. Tech stocks continue to lead the Nasdaq Composite and S&P…...
Nvidia courts Korea's tech giants at Taipei dinner as AI push deepens
10+ hour, 9+ min ago (398+ words) By Ben Blanchard and Wen-Yee Lee TAIPEI, June 1 (Reuters) " Nvidia CEO Jensen Huang hosted top South Korean tech executives including the boss of chipmaker SK Hynix at a boisterous dinner on Monday, as he "looks to deepen ties with key…...
Florida becomes first state to sue Open AI over child safety risks
8+ hour, 32+ min ago (385+ words) June 1 (Reuters) " Florida sued Open AI and its CEO Sam Altman on Monday, accusing the company of misrepresenting the safety of its Chat GPT platform, which the lawsuit said has harmed children "by providing information to school shooters, offering guidance…...
Unit of China's Haisco, Eli Lilly sign collaboration, licensing deals
14+ hour, 55+ min ago (178+ words) HANGZHOU, June 1 (Reuters) " U. S. drugmaker Eli Lilly has entered into an agreement to collaborate on "and possibly licence experimental "medicines from a unit of Haisco Pharmaceutical Group, with potential payments of up to around $3 billion if milestones are "met, "the Chinese…...
Exclusive-EU cloud rules to curb Amazon, Google access to strategic tenders, draft document shows
13+ hour, 57+ min ago (291+ words) By Foo Yun Chee and Toby Sterling BRUSSELS/AMSTERDAM, June 1 (Reuters) " Europe plans to propose strict criteria for cloud computing services in highly critical state tenders "that could exclude Amazon, Microsoft and Google from "such projects, according to documents seen…...
US takes step to halt Nvidia AI chip shipments to Chinese firms outside China
1+ day, 13+ min ago (461+ words) By Karen Freifeld and Fanny Potkin May 31 (Reuters) " The U. S. Department of Commerce on Sunday moved to close a potential loophole that may have led companies to export the world's most advanced chips " like Nvidia's most sophisticated Blackwell processors " to subsidiaries…...
Voting starts in Malta parliamentary elections, ruling party set to win
2+ day, 15+ hour ago (283+ words) VALLETTA, May 30 (Reuters) " Voting in parliamentary elections opened in Malta on Saturday, with opinion polls showing the ruling Labour Party on course to win "a record-breaking fourth term. Prime Minister Robert Abela called "the snap election just four years into…...
Nomura-backed Laser Digital secures conditional approval for US banking license
2+ day, 23+ hour ago (322+ words) May 29 (Reuters) " Nomura's digital asset subsidiary Laser Digital has secured conditional approval for a national trust bank charter, becoming the latest firm to benefit from "the Trump administration's crypto-friendly stance. The move would allow it "to hold and administer tokenized,…...
Blackstone-backed Liftoff targets $3. 7 billion valuation in US IPO
2+ day, 23+ hour ago (342+ words) By Utkarsh Shetti and Prakhar Srivastava May 29 (Reuters) " Liftoff Mobile, backed by Blackstone, said on Friday it is targeting a valuation of up to $3. 66 billion in its U. S. initial "public offering, in a renewed attempt to test investor "appetite in public…...
China's Shenzhou-21 astronaut crew returns to Earth
3+ day, 4+ hour ago (85+ words) WTAQ China's Shenzhou-21 astronaut crew returns to Earth BEIJING, May 29 (Reuters) " China's Shenzhou-21 "crew of three astronauts returned to Earth on "Friday "after nearly seven "months in space and were in "good health, "state "media reported. The "mission launched "on…...