By Krystal Hu and Niket Nishant (Reuters) -Databricks has secured a $62 billion valuation after raising $10 billion in one of the largest venture capital funding rounds in history, underscoring the unprecedented appetite for AI-focused startups. The round, led by Joshua Kushner’s Thrive Capital, drew commitments from elite investors including Andreessen Horowitz, DST Global, GIC,…
BERLIN (Reuters) – NATO has taken over coordination of Western military aid to Ukraine from the United States as planned, a source said on Tuesday, in a move widely seen as aiming to safeguard the support mechanism against NATO sceptic U.S. President-elect Donald Trump. The step, coming after a delay of several months, gives NATO…
By Ann Saphir WASHINGTON (Reuters) -Since Donald Trump’s election to a second term last month, Federal Reserve policymakers including Chair Jerome Powell have said it is too soon to factor in the U.S. president-elect’s yet-to-be-detailed policies into forecasts. But eight years ago Powell as a Fed governor joined the majority of his colleagues in doing…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales increased more than expected in November as households stepped up purchases of motor vehicles and online merchandise, consistent with strong underlying momentum in the economy as the year winds down. The report from the Commerce Department on Tuesday had no impact on expectations that the Federal Reserve…
By Harry Robertson LONDON (Reuters) – Investors have poured a record $600 billion into global bond funds this year, taking advantage of some of the highest yields in decades ahead of an uncertain 2025. Dwindling inflation has finally allowed central banks to lower interest rates, pushing investors to lock in the relatively high yields available…
(Reuters) – U.S. government agencies failed to meet government fleet electric vehicle purchase targets, a Government Accountability Office report released Tuesday said. The report said in the 2023 budget year, agencies bought mostly gas-powered vehicles and bought just 5,500 total EVs — 60% of 11 agencies’ combined targets of 9,500. President Joe Biden in December…
By Jeff Mason and Steve Holland PALM BEACH, Florida (Reuters) -President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on Monday that SoftBank would invest $100 billion in the U.S. over the next four years in what would be a boost to the U.S. economy. Trump said in his joint appearance…
WASHINGTON (Reuters) – President-elect Donald Trump said on Monday that the U.S. military should tell the American public about the nature of the drone sightings that have plagued the East Coast over the last several weeks. “The government knows what is happening,” Trump said. “For some reason, they don’t want to comment. And I think…
By Jeffrey Dastin VANCOUVER (Reuters) – Former OpenAI chief scientist Ilya Sutskever, one of the biggest names in artificial intelligence, had a prediction to make on Friday: reasoning capabilities will make technology far less predictable. Accepting a “Test Of Time” award for his 2014 paper with Google’s Oriol Vinyals and Quoc Le, Sutskever said a…
By Joey Roulette ORLANDO (Reuters) – Boeing and Lockheed Martin’s joint rocket venture, United Launch Alliance (ULA), plans to upgrade a version of its Vulcan rocket to challenge SpaceX’s Starship in the low Earth orbit satellite launch market, the company’s CEO said. ULA wants to develop a Vulcan model tailored to the increasingly lucrative low…
