GM to use Nvidia AI chips, software to automate vehicles, factories

By Kalea Hall and Abhirup Roy (Reuters) – General Motors will use artificial intelligence chips and software from Nvidia to develop autonomous vehicle technology for its vehicles and improve workflow at its factories, the companies said on Tuesday. Traditional automakers have struggled to commercialize autonomous technology that has been more challenging and expensive than expected…

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Pfizer to sell entire Haleon stake

(Reuters) -Pfizer will sell its remaining stake in British consumer healthcare group Haleon, the companies said on Tuesday. Pfizer will sell about 662 million ordinary shares, or 7.3%, of Haleon, created in a merger of GSK and Pfizer’s consumer healthcare businesses in 2019, and spun off in 2022. Under the deal, the Sensodyne maker has…

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Alphabet back in talks to buy cybersecurity startup Wiz for $30 billion, source says

(Reuters) -Google-parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for around $30 billion, a source familiar with the matter said on Monday, potentially marking the tech giant’s largest deal to date. The deal hasn’t been signed and could still change, the person said. Alphabet and Wiz did not immediately reply to Reuters…

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Quantum computing, AI stocks rise as Nvidia kicks off annual conference

By Lisa Pauline Mattackal (Reuters) – Shares of quantum computing and artificial intelligence companies rose on Monday, as investors hoped that Nvidia would blow some life back into the beaten-down sectors with new announcements at its annual conference. The five-day GTC AI conference, which was already underway, will devote an entire day to quantum computing…

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Amazon defeats shareholder lawsuit over third-party sellers, capacity expansion

By Jonathan Stempel (Reuters) -A U.S. judge dismissed a lawsuit accusing Amazon.com of defrauding shareholders about its treatment of third-party sellers and plans to expand capacity, culminating in a Federal Trade Commission antitrust case against the online retail giant. Monday’s dismissal by U.S. District Judge John Chun in Seattle was with prejudice, meaning the proposed…

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Sweden’s Klarna discloses 24% revenue surge in much-awaited U.S. IPO filing

(Reuters) – Swedish fintech firm Klarna disclosed on Friday that its revenue jumped 24% in 2024 as the buy now, pay later pioneer made public its filing for a much-anticipated U.S. stock market listing. The company, which reshaped online shopping through its short-term financing model, drew investor attention as its valuation soared from $5.5 billion…

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