Exclusive-Databricks nears record $9.5 billion VC raise, eyes extra $4.5 billion debt
By Krystal Hu, Kenrick Cai and Echo Wang (Reuters) – Software firm Databricks is nearing a deal that could become…
US flies freed American Travis Timmerman out of Syria, official says
WASHINGTON (Reuters) -American citizen Travis Timmerman has been flown out of Syria, where he was imprisoned before being released by…
Broadcom hits trillion-dollar valuation on lofty forecasts for AI demand
By Arsheeya Bajwa and Siddarth S (Reuters) – Broadcom is predicting a massive expansion in demand for chips that power…
Exclusive-Major cloud providers could get key role in AI chip access outside the US – sources
By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) – In its latest jab at Beijing, the U.S. will empower companies…
Trump says he will use military for deportations to fullest extent of law
By Ted Hesson WASHINGTON – President-elect Donald Trump will use the U.S. military to the fullest extent of the law…
Archer Aviation raises $430 million through equity offering, partners with Anduril
By Anshuman Tripathy (Reuters) -Air-taxi maker Archer Aviation said on Thursday it has raised $430 million in fresh capital, part…
Elon Musk’s net worth tops $400 billion, Forbes billionaires list shows
(Reuters) – Tesla CEO Elon Musk’s net worth crossed $400 billion on Thursday, the Forbes real-time billionaires list showed, boosted…
Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
(Reuters) – Photoshop maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday, indicating the company’s investments to…
Stunning rally in Big Tech drives Nasdaq to 20,000
By Saqib Iqbal Ahmed, Suzanne McGee and Lewis Krauskopf NEW YORK (Reuters) – The Nasdaq Composite Index hit 20,000 for…
Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit
(Reuters) – Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year…