By Echo Wang (Reuters) -CoreWeave plans to reduce the size of its U.S. initial public offering and price its shares below the indicated range, a person familiar with the matter told Reuters on Thursday, dampening expectations that the listing would boost investor appetite for IPOs. The Nvidia-backed cloud services provider is now looking to sell…
LONDON (Reuters) – E-commerce platform TikTok Shop said it will launch to users in France, Germany, and Italy on Monday, expanding its reach further into Europe even as TikTok faces being shut down in the U.S. if Chinese owner ByteDance does not find an American buyer. The shopping arm of social media app TikTok has…
(Reuters) -Reddit was down for thousands of users in the U.S. on Thursday, as X’s services appeared to stabilize, according to outage tracking website Downdetector.com. There were more than 26,000 incidents of people reporting issues with Reddit as of 3:36 p.m. ET, Downdetector showed, which tracks outages by collating status reports from a number of…
(Reuters) -Microsoft has abandoned data center projects set to use 2 gigawatts of electricity in the U.S. and Europe in the last six months due to an oversupply relative to its current demand forecast, TD Cowen analysts said on Wednesday. The tech giant’s withdrawal from new capacity leasing was largely led by the decision not…
(Reuters) – OpenAI is not expecting its cash flow to turn positive until 2029, Bloomberg News reported on Wednesday, citing a person familiar with the matter. The San Francisco-based artificial intelligence bellwether is grappling with significant costs from chips, data centers and talent needed to develop cutting-edge AI systems, according to the report. By 2029,…
By Jaspreet Singh (Reuters) – Elon Musk-owned social media platform X is poised for the company’s first year of advertising revenue growth since its acquisition by the billionaire in 2022, data from research firm Emarketer showed on Wednesday. Brands are returning to X at a time when Musk’s influence has grown in the Trump administration,…
WASHINGTON (Reuters) -The U.S. Space Force said on Wednesday it has cleared Boeing and Lockheed Martin’s Vulcan rocket to launch national security satellites for the United States. SpaceX was the first company to handle such missions. “Vulcan certification adds launch capacity, resiliency, and flexibility needed by our nation’s most critical space-based systems,” said Brigadier General…
By Marianna Parraga (Reuters) -Loading of Venezuela’s heavy crude at its main oil ports slowed this week after the U.S. imposed a tariff on trade with countries buying the South American nation’s oil and producer Chevron began reducing its tanker fleet there, according to shipping data and a document seen on Tuesday. On Monday, U.S….
WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday he would love to see federal funding end for news outlets NPR and PBS. When asked if he would be interested in defunding and taking away taxpayer dollars sent to the two outlets, Trump said, “I would love to do that. I think it’s very unfair….
(Reuters) -GameStop said on Tuesday that its board has unanimously approved the addition of bitcoin as a treasury reserve asset, sending its shares up 6.2% in extended trading. The decision comes close on the heels of U.S. President Donald Trump signing an executive order earlier this month to establish a strategic reserve of cryptocurrencies by…
