News
Brazil retailer Assai to launch pharmacy operation with Sao Paulo store
5+ hour, 49+ min ago (155+ words) SAO PAULO, July 15 (Reuters) – Brazilian retailer Assai is set to launch its own pharmacy operation on Thursday, the firm said in a statement, opening its first unit in Sao Paulo state and marking its entry into the pharmaceutical sector. • The…...
Amazon AWS executive and CEO advisor Dave Brown to leave after 19 years
7+ hour, 43+ min ago (232+ words) SAN FRANCISCO, July 15 (Reuters) – Amazon veteran Dave Brown, a senior vice president in Amazon Web Services and member of the elite internal group advising CEO Andy Jassy, is leaving the company after 19 years. He is leaving for another job, according…...
EU accepts action plan by Elon Musk’s X to become more transparent
5+ hour, 49+ min ago (139+ words) BRUSSELS, July 15 (Reuters) – The European Union, which fined Elon Musk’s social media network X €120 million ($137.2 million) last year, said on Wednesday it had accepted an action plan by X to comply with transparency rules under the EU’s Digital Services Act....
White House weighs releasing controversial intel on China and US elections, sources say
5+ hour, 49+ min ago (837+ words) By Erin Banco, Jonathan Landay and Phil Stewart WASHINGTON, July 15 (Reuters) – The White House is considering releasing sensitive intelligence related to China and its ability to interfere in U.S. elections that some Trump officials worry could be misleading, according to…...
Australia to establish government AI office to coordinate regulation
1+ day, 11+ hour ago (273+ words) SYDNEY, July 14 (Reuters) – Australia will create an office at the heart of government to manage the development of AI standards, seeking to balance the need to attract investment with effective regulation of the disruptive technology. The “Office of AI” will…...
Tower Semiconductor to invest $3 billion in Japan, backed by government grants
1+ day, 13+ hour ago (153+ words) July 14 (Reuters) – Israeli chipmaker Tower Semiconductor said on Tuesday it will invest $3 billion to bolster chip manufacturing in Japan, including $1 billion in grants from the Japanese government. U.S.-listed shares of the company rose more than 18% in premarket trading…...
IBM warns AI boom squeezing software budgets; shares sink in sector rout
1+ day, 13+ hour ago (590+ words) By Harshita Mary Varghese and Rashika Singh July 14 (Reuters) – IBM said it had “faltered” in keeping pace with a shift in corporate spending from software to data-center infrastructure and would take a big earnings hit in the second quarter, in…...
Shein’s secretive founder Sky Xu faces biggest public test with Hong Kong IPO
5+ day, 5+ hour ago (667+ words) By Kane Wu, Helen Reid and Julie Zhu HONG KONG/LONDON, July 10 (Reuters) – Shein’s high-profile stock market listing may force its secretive founder and CEO, Sky Xu, to finally come out of the shadows. The fast-fashion giant secured approval for…...
Meta debuts Muse Spark 1.1 model with preview open to developers
6+ day, 5+ hour ago (408+ words) By Harshita Mary Varghese and Katie Paul July 9 (Reuters) – Meta Platforms on Thursday released long-awaited developer access to its Muse Spark AI alongside an upgraded version, pitting it directly against the business models of Anthropic and OpenAI in charging for…...
SpaceXAI launches Grok 4.5 model for coding, agentic tasks
1+ week, 15+ min ago (330+ words) July 8 (Reuters) – SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company’s most intelligent offering to date designed for coding and agentic tasks. Here are some details: • SpaceXAI said Grok 4.5 was trained across tens of thousands of Nvidia…...