European AI Firms Push Back Against Calls to Slow Development
European artificial intelligence firms are pushing back against calls from leading U.S. AI companies to slow the development of increasingly powerful models, arguing that such measures could reinforce the dominance of established players. France-based...
Amazon Plans First-Ever Sterling Bond Sale as AI Funding Needs Grow
Amazon has hired banks for its first-ever sterling bond sale, according to a memo seen by Reuters, as major technology companies increasingly tap global debt markets to fund the surge in spending driven by...
Best Buy Raises Full-Year Sales and Profit Forecasts
Best Buy has raised its full-year sales and profit forecasts, betting that an artificial intelligence-driven device upgrade cycle will help offset cautious consumer spending. The U.S. electronics retailer now expects annual revenue of $42.3...
Alibaba Launches $10.2 Billion Share Sale to Fund AI Push
Alibaba shares fell sharply in Hong Kong on Monday after the Chinese e-commerce and cloud computing giant launched a $10.2 billion share sale to finance its artificial intelligence ambitions. The company is offering HK$80...
Nvidia in Talks to Invest in Perplexity at $30B+ Valuation
Nvidia is reportedly in discussions to invest in AI search startup Perplexity as part of a funding round that would value the company at more than $30 billion, according to The Information. The potential...
Uber and Zipline Partner to Launch Drone Delivery Across the US
Uber Technologies and drone delivery company Zipline announced a partnership on Monday to bring autonomous drone deliveries to Uber Eats customers across the United States. The deal also includes a strategic investment by Uber...