AI firm Cohere doubles annualized revenue to $100 million on enterprise focus
By Echo Wang NEW YORK (Reuters) -AI startup Cohere has doubled its annualized revenue since the beginning of the year,…
Applied Materials misses second-quarter revenue estimates
(Reuters) -Chipmaking equipment maker Applied Materials missed Wall Street estimate for second-quarter revenue on Thursday, against the backdrop of heightened…
Berkshire doubles Constellation stake, sheds Citigroup
(Reuters) -Warren Buffett’s Berkshire Hathaway said on Thursday it more than doubled its stake in alcoholic beverages producer Constellation Brands,…
Uber and iFood announce strategic partnership in Brazil
By Luciana Magalhaes SAO PAULO (Reuters) -Uber Technologies Inc and iFood, a Brazilian food delivery app, on Wednesday announced a…
Cisco lifts annual forecast on AI boost, names insider Patterson as new CFO
(Reuters) -Cisco Systems said on Wednesday that its finance chief Scott Herren will retire from the company in July 26,…
Nvidia-backed CoreWeave rides AI wave in first results as public company
(Reuters) -Nvidia-backed CoreWeave beat Wall Street estimate for quarterly revenue on Wednesday, in its first set of results as a…
Netflix says ad-supported service has 94 million subscribers
(Reuters) -Netflix said on Wednesday 94 million subscribers use its advertising-supported tier, up from 70 million in November, as the…
Twenty states sue over Trump’s push to link grants to immigration enforcement
By Nate Raymond (Reuters) -A coalition of 20 Democratic-led states filed two lawsuits on Tuesday seeking to block President Donald…
Intel has limited customer commitments for latest chip manufacturing tech, CFO says
(Reuters) -The volume of processors Intel is set to produce for external customers using its upcoming manufacturing technology is currently…
ECB’s Villeroy sees room for additional rate cut by summer
PARIS (Reuters) -There is room for another rate cut by the European Central Bank by the summer, ECB policymaker Francois…