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Shopping News / Articles
Zara owner Inditex looks to US for next phase of growth
5+ hour, 26+ min ago (567+ words) LONDON, Sept 11 (Reuters) – Fast fashion giant Inditex is investing in the United States as a key growth market, CEO Oscar Garcia Maceiras told Reuters, as the Zara owner opens new stores and revamps existing outlets to woo more aspirational shoppers....
Altman tells staff OpenAI is open to slowing AI development, Bloomberg News reports
9+ hour, 31+ min ago (253+ words) Sept 10 (Reuters) – OpenAI Chief Executive Sam Altman told employees at a company meeting this week that the firm was open to slowing development of its AI systems, Bloomberg News reported on Thursday, citing sources, amid growing concern about the safety…...
Tencent-backed Enflame surges 188% in Shanghai debut after $912 million IPO
10+ hour, 31+ min ago (135+ words) HONG KONG/SHANGHAI, Sept 11 (Reuters) – Chinese artificial intelligence chipmaker Shanghai Enflame Technology opened 188% higher in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public offering. The stock opened at 410 yuan versus its…...
US House to take up bill aimed at curbing data center-driven electricity costs
13+ hour, 5+ min ago (114+ words) Sept 10 (Reuters) – Republican lawmakers plan to bring legislation to the House floor next week that seeks to rein in electricity bill increases tied to data center expansion, a spokesperson for Speaker Mike Johnson said on Thursday. The plan to hold…...
Microsoft plans 38 gigawatts of data center capacity by 2032, Bloomberg News reports
13+ hour, 42+ min ago (206+ words) Sept 10 (Reuters) – Microsoft plans to build out its data-center capacity to about 38 gigawatts by 2032, more than triple its current footprint, Bloomberg News reported on Thursday, citing people familiar with the matter. • According to the report only about 2 gigawatts of the…...
Pentagon in talks to lend $5 billion to AI cloud startup Fluidstack, WSJ reports
14+ hour, 10+ min ago (110+ words) Sept 10 (Reuters) - The Pentagon is in talks to lend roughly $5 billion to AI cloud-computing startup Fluidstack to shore up the U.S. data-center supply chain, the Wall Street Journal reported on Thursday, citing people familiar with the m... Pentagon in…...
Exclusive-Silver Lake, Intel-backed Altera prepares IPO that could raise over $2 billion as early as 2026, sources say
16+ hour, 16+ min ago (500+ words) By Milana Vinn and Echo Wang NEW YORK, Sept 9 (Reuters) – Silver Lake and Intel-backed chipmaker Altera is preparing for an initial public offering that could raise over $2 billion as early as 2026, according to people familiar with the matter, in one…...
Oracle’s quarterly revenue beats estimates as AI boom drives cloud demand
15+ hour, 15+ min ago (321+ words) Sept 10 (Reuters) – Oracle topped Wall Street expectations for first-quarter revenue on Thursday and lifted its annual profit forecast, boosted by strong demand for its cloud computing services from surging enterprise spending on AI. Shares of the company, which have fallen…...
Anthropic disrupts Russian, Chinese AI campaigns targeting its Claude models
15+ hour, 41+ min ago (368+ words) Sept 10 (Reuters) – Anthropic on Thursday said it had disrupted several alleged malicious uses of its Claude models over the past eight months, including a suspected Russia-linked cyber espionage campaign and efforts by Chinese AI firms it accused of trying to…...
OpenAI launches ChatGPT for financial services industry
18+ hour, 35+ min ago (315+ words) Sept 10 (Reuters) – OpenAI on Thursday launched a version of ChatGPT built for the financial services industry, combining its latest AI model with built-in data from providers including LSEG, PitchBook and Daloopa to target investment bankers and equity researchers. The product,…...
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