Universal’s Virgin Music CEOs push back against critics of Downtown Music deal
By Foo Yun Chee BRUSSELS (Reuters) -The two co-chief executives of Universal Music Group’s Virgin Music Group on Thursday pushed…
Business
Microsoft to cut about 4% of jobs amid hefty AI bets
(Reuters) -Microsoft will lay off nearly 4% of its workforce, the company said on Wednesday, in the latest job cuts…
OpenAI turns to Google’s AI chips to power its products, The Information reports
(Reuters) -OpenAI has recently begun renting Google’s artificial intelligence chips to power ChatGPT and other products, The Information reported on…
Microsoft’s next-gen AI chip production delayed to 2026, The Information reports
(Reuters) -Microsoft’s next-generation Maia AI chip is facing a delay of at least six months, pushing its mass production to…
Texas Instruments plans $60 billion US investment amid Trump’s onshoring push
(Reuters) -Texas Instruments said it would spend more than $60 billion to expand its U.S. manufacturing footprint, the latest chipmaker…
EV maker VinFast sets up first dealership in California
(Reuters) -VinFast said on Wednesday its first dealership in San Diego, California, is set to begin operations this month, as…
Stablecoins’ market cap surges to record high as US senate passes bill
(Reuters) -The total market capitalization of stablecoins surged to a record high on Wednesday, data showed, as the U.S. Senate…
Waymo expands robotaxi services into more parts of San Francisco Bay Area
(Reuters) -Waymo will expand into more areas of the San Francisco peninsula and parts of Silicon Valley, as the sole…
War insurance costs to Israel soar after Iranian attacks, sources say
By Jonathan Saul LONDON (Reuters) -War risk insurance premiums for shipments to Israel are as much as three times higher…
Amazon’s workforce to reduce on rollout of generative AI, agents
(Reuters) -Rollout of generative AI and agents will reduce Amazon’s total corporate workforce in the next few years, Andy Jassy,…