Microsoft to make $4.8 billion AI, cloud investment in Italy
MILAN (Reuters) -Microsoft plans to invest 4.3 billion euros ($4.8 billion) over the next two years to strengthen its artificial…
Category: Business
Tesla’s quarterly deliveries set to rise as China incentives lure wary EV buyers
By Akash Sriram and Abhirup Roy (Reuters) – Tesla is expected to report an 8% jump in third-quarter deliveries of…
Final day of quarter sees cash surge into reverse repo facility
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve Bank of New York said Monday that eligible firms…
India to probe fire at Tata plant making components for Apple iPhones
By Haripriya Suresh and Praveen Paramasivam BENGALURU (Reuters) – Indian authorities are set to begin a forensic investigation into the…
Freeport cranks up copper output as rivals scour for deals to grow
By Ernest Scheyder (Reuters) – Freeport-McMoRan is turbo-charging its copper output across three continents with no plans to join a…
OpenAI sees $11.6 billion revenue next year, offers Thrive chance to invest again in 2025
By Krystal Hu and Kenrick Cai (Reuters) – Thrive Capital is investing more than $1 billion of OpenAI’s current $6.5…
Apple drops out of talks to join OpenAI investment round, WSJ says
(Reuters) – Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the…
Alphabet to invest $3.3 billion for two data centers in South Carolina
(Reuters) – Alphabet plans to invest $3.3 billion in South Carolina to build two new data centers, CEO Sundar Pichai…
Costco Wholesale misses quarterly revenue estimates on still-muted spending
(Reuters) -Costco Wholesale missed market expectations for fourth-quarter revenue on Thursday on cautious spending by budget-conscious customers at its membership-only…
Micron forecasts upbeat first-quarter revenue on strong demand for memory chips
(Reuters) -Micron Technology forecast first-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for its high bandwidth…