(Reuters) – U.S. President Donald Trump’s administration is considering tightening restrictions on artificial intelligence leader Nvidia’s sales of its H20 chips designed for the China market, Bloomberg News reported on Wednesday. Conversations to restrict shipments of those chips to China are in very early stages, according to the report. H20 chips can be used to…
By Dawn Chmielewski and Lisa Richwine (Reuters) – Netflix is expanding its presence in the toy business, striking its first master licensing deal with the company behind the popular Squishmallows plush toys to develop a product line inspired by its hit science-fiction series “Stranger Things.” The streaming giant granted toymaker Jazwares the right to develop…
By Eduardo Baptista and Alessandro Diviggiano BEIJING (Reuters) – Chinese bloggers, state media and local citizens have welcomed DeepSeek’s global success with pride and glee, with some saying the homegrown AI startup’s meteoric rise is a sign China is beating back Washington’s attempts to contain the country’s tech industry. DeepSeek last week launched a free…
By Andrew Goudsward WASHINGTON (Reuters) -U.S. prosecutors on Wednesday moved to end the criminal case against two associates of President Donald Trump for allegedly helping to obstruct a probe into Trump’s mishandling of classified documents, a court filing showed. The pair, Trump’s personal valet Walt Nauta and property manager Carlos De Oliveira, did not object…
(Reuters) – Alphabet’s self-driving unit Waymo announced on Wednesday it plans to expand testing of its autonomous driving technology in over 10 new cities in 2025. After testing the Waymo Driver in multiple cities, the company says the technology is adapting successfully to new environments, leading to the expansion. In addition to ongoing trips to…
KARLSRUHE, Germany (Reuters) – German federal judges indicated on Tuesday that they could back the country’s antitrust regulator in a legal battle with Apple, following over three hours of deliberations over whether the U.S. tech giant should be subject to additional controls. The German cartel office said in April 2023 it considered Apple a “company…
(Reuters) -Novo Nordisk said on Tuesday the U.S. FDA has approved its blockbuster drug Ozempic to lower the risk of progression of chronic kidney disease and the organ’s failure, and death due to heart problems in adults with type 2 diabetes. Ozempic belongs to a class of drugs known as GLP-1 receptor agonists and has…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Monday’s massive selloff in AI-darling Nvidia’s shares did little to blunt options traders’ enthusiasm for the chipmaker’s shares, with traders quick to pile back into bullish Nvidia contracts as the stock recovered on Tuesday. Nvidia shares slumped about 17% or close to $593 billion in market value…
By Will Dunham WASHINGTON (Reuters) – Atomic scientists on Tuesday moved their “Doomsday Clock” closer to midnight than ever before, citing Russian nuclear threats amid its invasion of Ukraine, tensions in other world hot spots, military applications of artificial intelligence and climate change as factors underlying the risks of global catastrophe. The Bulletin of the…
By Shashwat Chauhan (Reuters) – Short sellers of artificial intelligence-related stocks raked in bumper profits after the smashing debut of low-cost AI models from China’s DeepSeek spooked Wall Street, with bets against Nvidia yielding record profits totaling more than $6 billion. Traders betting against AI-darling Nvidia earned profits of about $6.6 billion – the biggest…
