By David Shepardson (Reuters) -General Motors’ Cruise self-driving unit will focus its development efforts on a next-generation Chevrolet Bolt as it indefinitely delays its planned Origin vehicl[...]
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July 23, 2024
Hackers leak documents from Pentagon IT services provider Leidos, Bloomberg News reports
(Reuters) -Hackers have leaked internal documents stolen from Leidos Holdings Inc, one of the largest IT services providers to the U.S. government, Bloomberg News reported on Tuesday, citing a person[...]
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Wall St ends slightly lower with Big Tech earnings on deck
By David French (Reuters) -Wall Street’s main indexes ended slightly lower on Tuesday, having given up meager intraday gains in the final minutes of trading, as investors switched their focus to[...]
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OpenAI assigns new project to AI safety leader Madry in revamp
(Reuters) -OpenAI Chief Executive Sam Altman said on Tuesday the ChatGPT maker’s AI safety leader Aleksander Madry was working on a new research project, as the startup rejigs the preparedness t[...]
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Exclusive-KKR-backed OneStream prices US IPO above range to raise $490 million, sources say
By Echo Wang NEW YORK (Reuters) -Financial software maker OneStream, which is backed by private equity firm KKR, priced its U.S. initial public offering (IPO) above its indicated range on Tuesday, rai[...]
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Capital One profit drops 61% as it stockpiles more money for loan losses
(Reuters) – Capital One Financial’s profit fell 61% in the second quarter, it reported on Tuesday, as it set aside more money to cover losses on loans. Net income available to common stoc[...]
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Exclusive-Nvidia clears Samsung’s HBM3 chips for use in China-market processor, sources say
By Fanny Potkin and Heekyong Yang SINGAPORE/SEOUL (Reuters) – Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processo[...]
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Nippon Steel to dissolve JV with China’s Baoshan after 20 years
By Katya Golubkova and Amy Lv TOKYO (Reuters) -Nippon Steel will dissolve its joint venture with China’s Baoshan Iron & Steel, it said on Tuesday, ending two decades of cooperation when thei[...]
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Visa reports rare quarterly revenue miss, shares drop
By Arasu Kannagi Basil (Reuters) -Visa’s third-quarter revenue growth fell short of Wall Street targets in a rare miss for the world’s largest payments processor as steep borrowing costs l[...]
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