By Luciana Magalhaes SAO PAULO (Reuters) -Uber Technologies Inc and iFood, a Brazilian food delivery app, on Wednesday announced a strategic partnership in Brazil, where delivery and ride-hailing services have grown rapidly in recent years. Under the collaboration, iFood users will be able to book Uber rides directly from the iFood app, while Uber users…
(Reuters) -Cisco Systems said on Wednesday that its finance chief Scott Herren will retire from the company in July 26, and raised its annual results forecast, betting on steady demand from cloud customers for its networking equipment, driven by the artificial intelligence boom. Herren will be replaced by Mark Patterson, currently Cisco’s chief strategy officer,…
(Reuters) -Nvidia-backed CoreWeave beat Wall Street estimate for quarterly revenue on Wednesday, in its first set of results as a public company, signaling strength in demand for the AI cloud computing startup’s services. Shares of the New Jersey-based company jumped 11% in extended trading. Through last close, they have risen 68% since their muted Nasdaq…
(Reuters) -Netflix said on Wednesday 94 million subscribers use its advertising-supported tier, up from 70 million in November, as the video-streaming giant’s lower-priced plan sees strong support amid global economic uncertainty. With more than 300 million global customers, Netflix is seeing robust spending across all streaming tiers and had said in April it is not…
The Trade War Over Critical Metals Is Heating Up-One Firm Is on the Front Lines ⏳ Top firms like SoftBank are backing this $1.3T real estate disruptor. $2.80/share, only until 5/29 [adv] The Trade War Over Critical Metals Is Heating Up-One Firm Is on the Front Lines [sponsor] As China tightens exports and weaponizes…
By Nate Raymond (Reuters) -A coalition of 20 Democratic-led states filed two lawsuits on Tuesday seeking to block President Donald Trump’s administration from forcing them to cooperate with immigration enforcement in order to receive billions of dollars in transportation, counter-terrorism and emergency preparedness grant funding. The states in a pair of lawsuits filed in federal…
(Reuters) -The volume of processors Intel is set to produce for external customers using its upcoming manufacturing technology is currently “not significant”, finance chief David Zinsner said on Tuesday. Committed volumes, or the amount of external customers’ chips set to be produced by Intel using upcoming manufacturing tech, is presently not significant, Zinsner said at…
PARIS (Reuters) -There is room for another rate cut by the European Central Bank by the summer, ECB policymaker Francois Villeroy de Galhau said in a French newspaper group interview on Tuesday. Villeroy – who is also head of the Bank of France – said the United States would likely see an uptick in inflation…
(Reuters) – The Trump administration is weighing a deal that would allow the UAE to import more than a million advanced Nvidia chips, a quantity that far exceeds limits under Biden-era AI chip regulations, Bloomberg News reported on Tuesday. The deal, which is still being negotiated and could change, would let the UAE import 500,000…
Powering AI’s Future? One Company Is Already Doing It ⏳ Top firms like SoftBank are backing this $1.3T real estate disruptor. $2.80/share, only until 5/29 [adv] Powering AI’s Future? One Company Is Already Doing It [sponsor] Massive compute demand is choking AI’s growth. While others wait, this firm is building infrastructure now-with elite GPUs and…
