(Reuters) -Apple is partnering with Amazon-backed startup Anthropic on a new “vibe-coding” software platform that will use artificial intelligence to write, edit, and test code on behalf of programmers, Bloomberg News reported, citing people with knowledge of the matter. “Vibe coding” refers to a programming method where AI agents generate code, a concept gaining popularity…
(Reuters) – Nvidia has told some of its biggest Chinese customers that it is tweaking the design of its artificial intelligence chips so they can be sold to Chinese businesses without clashing with U.S. export rules, The Information reported on Friday. The chip giant has spoken with customers, including Alibaba Group, TikTok-parent ByteDance and Tencent…
(Reuters) – Goldman Sachs on Friday said it expects OPEC+ to announce a second consecutive increase in supply for June on Saturday, due to modest compliance from Kazakhstan, lower-than-expected OECD inventories, and Saudi Arabia’s ability to handle lower oil prices. The Wall Street bank expects the Organization of the Petroleum Exporting Countries and its allies…
By Stephen Nellis and Akash Sriram SAN FRANCISCO (Reuters) -Apple on Thursday reported results that narrowly beat Wall Street expectations as consumers stocked up on iPhones amid fears of potential import taxes on its signature device from President Donald Trump. The Cupertino, California-based company said its sales and profit for the fiscal second quarter ended…
(Reuters) -Retail trading platform Robinhood’s first-quarter profit more than doubled and beat analysts’ estimates, driven by a surge in trading volumes from clients looking to hedge their positions amid choppy markets. The company’s transaction-based revenue, or income generated from fees for facilitating trading in options, cryptocurrency and equities, jumped 77% in the quarter. Majority of…
By Laila Kearney NEW YORK (Reuters) -Google will fund the training of tens of thousands of new U.S. electricians, the company told Reuters on Wednesday, as Big Tech wades deeper into the country’s power industry on its hunt for the massive amounts of electricity needed for its AI expansion. A lack of access to power…
(Reuters) – E-commerce firm eBay said on Wednesday that its Chief Financial Officer Steve Priest will step down in May and will be replaced by Peggy Alford, who was a vice president at PayPal. EBay beat market expectations for quarterly revenue and also forecast second-quarter revenue above estimates, bolstered by stable demand for products such…
ZURICH (Reuters) -Computer mouse and keyboards maker Logitech International on Tuesday reported weaker-than-expected fourth-quarter earnings. Logitech said its non-GAAP operating profit fell to $133 million in the three months to the end of March, missing analysts’ estimate of $134 million. The company’s figures were not affected by U.S. President Donald Trump’s hike in trade tariffs,…
(Reuters) -AI server maker Super Micro Computer said on Tuesday it cut expectations for third-quarter revenue and profit, blaming a delay in customer spending, sending shares down more than 16% in extended trading. It now expects revenue in a range of $4.5 billion to $4.6 billion, down from its earlier expectations of $5 billion to…
(Reuters) – Starbucks posted a bigger-than-expected drop in quarterly global comparable sales on Tuesday, as demand remained sluggish for its pricey coffees in the United States amid rising macroeconomic uncertainty. Total same-store sales declined 1% in the second quarter, compared with analysts’ average estimate of a 0.26% fall, according to data compiled by LSEG. “Our…
