Nvidia-backed CoreWeave plans to downsize US IPO, source says
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…
GameStop shares tumble as investors question bitcoin pivot
By Lisa Pauline Mattackal (Reuters) – Shares of GameStop fell more than 15% on Thursday after the company’s plan to finance its bitcoin pivot raised questions about the timing of…
Stellantis’ Maserati boosts customisation options ahead of relaunch plans
ROME (Reuters) – Italian sports car maker Maserati, one of the worst performing brands within the Stellantis group, said on Wednesday it was boosting lucrative customisation services while working on…
X to report first annual ad revenue growth since Musk’s takeover, data shows
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,…
OpenAI does not expect to be cash-flow positive until 2029, Bloomberg News reports
(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…
Boeing-Lockheed’s Vulcan cleared to launch US national security satellites
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…
AT&T in talks to buy Lumen’s consumer fiber unit, Bloomberg News reports
(Reuters) -AT&T is in talks to acquire Lumen Technologies’ consumer fiber operations, in a deal that could value the unit at more than $5.5 billion, Bloomberg News reported on Tuesday,…
Oil loading slows at Venezuela’s ports amid US tariffs, license termination, data shows
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…
China’s DeepSeek releases AI model upgrade, intensifies rivalry with OpenAI
BEIJING (Reuters) – Chinese artificial intelligence startup DeepSeek released a major upgrade to its V3 large language model, intensifying competition with U.S. tech leaders like OpenAI and Anthropic. The new…
Ripple Labs says it settles with US SEC, will pay reduced $50 million fine
By Jonathan Stempel NEW YORK (Reuters) – Ripple Labs agreed to settle a U.S. Securities and Exchange Commission civil lawsuit over the alleged sale of unregistered securities and pay just…