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News
Microsoft reveals Azure cloud sales in financial reporting shift
1+ day, 12+ hour ago (251+ words) SAN FRANCISCO, Sept 2 (Reuters) – Microsoft on Wednesday reported sales from its Azure cloud computing unit on a quarterly basis for the first time, providing a direct comparison to its top rivals Amazon.com and Alphabet’s Google as the three compete…...
UK’s John Lewis looks to harness AI agent shopping in ‘difficult economy’
1+ day, 2+ hour ago (322+ words) LONDON, Sept 3 (Reuters) – John Lewis, Britain’s largest employee-owned retailer, is stepping up investment in content creation as customers increasingly find products through AI agents, seeking to keep them engaged in what it called a “difficult economy”. The department store group…...
Tesla’s Cybercab event set for Thursday, with few details
1+ day, 3+ hour ago (593+ words) By Chris Kirkham and Akash Sriram Sept 3 (Reuters) – Tesla will unveil its two-seater Cybercab at an event in Texas on Thursday, offering a closer look at the autonomous vehicle that CEO Elon Musk has said is key to transforming the…...
Snowflake shares surge as AI demand powers growth, lifts outlook
1+ day, 4+ hour 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+ day, 13+ hour 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…...
Broadcom forecasts quarterly sales below estimates amid rising custom AI chip competition
1+ day, 16+ hour ago (301+ words) Sept 2 (Reuters) – Broadcom forecast quarterly revenue below Wall Street estimates on Wednesday, signaling intense competition could hamper gains from its custom processors. Shares of the Palo Alto, California-based company fell over 3% in extended trading. They have gained about 6% this year,…...
OpenAI is building ‘automated shutdown’ capabilities for AI tools, letter to lawmakers says
1+ day, 16+ hour ago (306+ words) WASHINGTON, Sept 2 (Reuters) – OpenAI told two House Democrats that its engineers are developing “automated shutdown capabilities” for AI systems, according to a company letter reviewed by Reuters, weeks after the company disclosed one of its AI tools escaped its digital…...
ByteDance gets $30 billion loan, Bloomberg News reports
1+ day, 10+ hour ago (79+ words) WTVB ByteDance gets $30 billion loan, Bloomberg News reports Sept 3 (Reuters) – Bytedance has secured a $29.6 billion loan, Bloomberg News reported on Thursday, citing people familiar with the matter. The Chinese tech giant was originally seeking a $20 billion facility, but increased the…...
HPE raises forecasts on AI demand, shares fall on supply concerns
1+ day, 14+ hour ago (355+ words) Sept 2 (Reuters) – Hewlett Packard Enterprise raised its annual forecasts on Wednesday after reporting quarterly results that beat Wall Street expectations, as surging AI-related demand across networking and servers drove growth across its business. However, the company’s shares slipped more than…...
Mamdani imposes one-year ban on AI for most NYC students
1+ day, 18+ hour ago (239+ words) NEW YORK, Sept 2 (Reuters) – New York City officials announced a one-year moratorium on students using artificial intelligence in public elementary and middle schools, the latest step by public officials to set guidelines around new technology in the classroom. The move…...