(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…
(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…
(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…
By Jessica DiNapoli NEW YORK (Reuters) -Newell Brands is looking for more clarity on how newly lowered U.S. tariffs will be applied before potentially resuming shipments of its Graco baby strollers and child car seats from China, a spokesperson said on Monday. Atlanta-based manufacturer Newell, whose products range from coffee makers to pens, paused purchase…
(Reuters) -The developer of a major U.S. offshore wind project warned that it will cancel the Empire Wind facility off the coast of New York if it cannot reach a resolution over a stop-work order issued by the Trump administration in the coming days. Molly Morris, president of the U.S. renewable energy arm of Norway’s…
(Reuters) -OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant’s access to cutting-edge AI models, the Financial Times reported on Sunday. A critical issue is how much equity in OpenAI’s new for-profit business…
(Reuters) -Google has agreed to pay $1.375 billion in a settlement in principle reached with the state of Texas over allegations the company violated users’ data privacy, Texas Attorney General Ken Paxton said on Friday. The agreement settles two lawsuits that covered three products for allegedly violating Texas consumer protection laws. “In Texas, Big Tech…
By Michael Hogan, Peter Hobson and Gus Trompiz HAMBURG/CANBERRA/PARIS (Reuters) -Chinese buyers bought between 400,000 and 500,000 metric tons of wheat from Australia and Canada in recent weeks, traders said, as heat threatens to damage crops in China’s agricultural heartlands. China is the world’s top wheat grower and also imports large amounts of grain when…
(Reuters) -Nippon Steel Vice Chairman Takahiro Mori is headed to Washington next week as the company seeks to win approval of its $15 billion bid for U.S. Steel, a person familiar with the matter said. Semaphor, which first reported news of the visit, said Mori would meet with Trump administration officials during the trip,citing sources….
(Reuters) -Online travel platform Expedia missed Wall Street estimates for quarterly revenue on Thursday, due to weaker than expected demand in the U.S., as the industry braces for a slowdown amid slower consumer spending. Shares of the company were down close to 5% in after-market trading. They have fallen more than 9% since the start…
