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News
AMD falls as investors demand bigger AI payoff
10+ hour, 57+ min ago (318+ words) Aug 5 (Reuters) – Advanced Micro Devices shares tumbled on Wednesday as the chipmaker’s revenue forecast failed to impress investors seeking clearer signs that a multibillion-dollar AI spending boom will translate into faster growth. Shares were last down 6.6% at $482.53, set to erase…...
Thomson Reuters lifts full-year revenue forecast with focus on AI rollout
9+ hour, 51+ min ago (468+ words) Aug 5 (Reuters) – Thomson Reuters lifted its full-year organic revenue forecast on Wednesday, with CEO Steve Hasker saying that the Toronto-based content and technology company’s focus was on investing and developing AI across its portfolio. The company said last week that…...
Netlist, Samsung settle patent disputes in new five-year memory deal
10+ hour, 1+ min ago (238+ words) Aug 5 (Reuters) – Netlist has struck a five-year deal to license its memory chip patents to Samsung Electronics, it said on Wednesday, gaining access to the South Korean firm’s products and ending years of legal disputes between the companies. • Netlist develops…...
US service sector maintains strong growth pace in July
6+ hour, 49+ min ago (441+ words) WASHINGTON, Aug 5 (Reuters) – The U.S. services sector maintained a strong pace of growth in July as an acceleration in new orders was offset by higher prices for inputs and a decline in employment. The Institute for Supply Management said on…...
Analysis-Europe’s established tech firms emerge as unexpected AI winners
12+ hour, 31+ min ago (640+ words) August 5 (Reuters) – The AI boom was widely expected to favour the new companies building the models. Recent earnings suggest it is some of Europe’s biggest, well-established technology groups that are emerging as AI beneficiaries. SAP, Capgemini, Sopra Steria and OVHcloud…...
Canada’s Shopify forecasts revenue above estimates, shares surge
9+ hour, 30+ min ago (342+ words) Aug 5 – Canada’s Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company’s AI efforts were drawing more merchants to its suite of e-commerce services, sending its U.S.-listed shares up 26% premarket. The company’s solid outlook…...
Arista forecasts upbeat quarterly revenue on AI-driven networking demand
22+ hour, 45+ min ago (153+ words) Aug 4 (Reuters) – Arista Networks forecast third-quarter revenue above Wall Street estimates on Tuesday, betting on strong demand for its networking gear as companies expand their AI infrastructure. The company has been expanding beyond its core cloud customer base into enterprise…...
Australia’s new data centres must be majority renewable powered, says minister
12+ hour, 30+ min ago (390+ words) By Peter Hobson and Helen Clark CANBERRA/PERTH, Aug 5 (Reuters) – Australia’s energy minister Chris Bowen said on Wednesday that plans by the Northern Territory to use its large-scale shale gas resources to power data centres would run counter to proposed…...
Match’s weak quarterly revenue forecast masks improving trends at Tinder
21+ hour, 15+ min ago (357+ words) Aug 4 (Reuters) – Match Group forecast third-quarter revenue below Wall Street estimates on Tuesday, overshadowing signs of improvement in its struggling Tinder dating app and continued growth at Hinge, sending its shares down 9% in extended trading. The weak outlook stems from…...
SpaceX’s first quarterly results as a public company beat expectations, but AI costs hit stock
1+ day, 21+ min ago (565+ words) NEW YORK, Aug 4 (Reuters) – SpaceX on Tuesday posted its first quarterly results as a public company, highlighting a 92% rise in revenue on strong growth in its Starlink satellite-internet and AI businesses, and announced a datacenter-chip partnership with Nvidia. Shares fell…...