Snowflake raises annual product revenue forecast, announces AI deal with Anthropic
(Reuters) -Data cloud and analytics provider Snowflake on Wednesday raised its annual product revenue forecast and announced a multi-year partnership…
Category: Business
Stellantis unveils technology to support flexible EV production, delays Ram electric pickup
By Nora Eckert DETROIT (Reuters) -Stellantis said on Tuesday it will deploy a new vehicle system that will support assembly…
Walmart stock set for best year since 1999 as profits jump
By Juveria Tabassum (Reuters) – Walmart shares are set for their best yearly gains in over two decades as the…
Trump’s social media group in talks to buy Bakkt, FT reports
(Reuters) -Donald Trump’s social media company is in advanced talks to buy crypto trading firm Bakkt, the Financial Times reported…
Facebook users affected by data breach eligible for compensation, German court says
BERLIN (Reuters) – A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and…
Intrum files for bankruptcy in US to restructure $4.5 billion debt pile
(Reuters) – Intrum, Europe’s biggest debt collector, on Friday said it had filed for Chapter 11 bankruptcy in the United…
Meta to introduce ads on Threads in early 2025, the Information reports
(Reuters) -Meta Platforms plans to introduce advertisements to its social media app Threads early next year, the Information reported on…
ValueAct takes $1-billion stake in Meta, source says
By Svea Herbst-Bayliss (Reuters) -ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for…
Boeing strike sinks October deliveries to 14 jets
SEATTLE (Reuters) – Boeing said on Tuesday it delivered 14 commercial jets in October, less than half of the 34…
Amazon offers free computing power to AI researchers, aiming to challenge Nvidia
By Stephen Nellis (Reuters) – Amazon.com’s cloud computing unit on Tuesday said it will offer free computing power to researchers…