By Sam Nussey and Miho Uranaka TOKYO (Reuters) -SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said, in what could mark another America[...]
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Technology
Disney exploring sale or partners for India business, source says
By Aditya Kalra and Yuvraj Malik NEW DELHI (Reuters) -Walt Disney is exploring options to sell or find a joint venture partner for its India digital and TV business, a source with direct knowledge sai[...]
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Back-to-school spending set for first decline in nine years as inflation bites – report
By Deborah Mary Sophia (Reuters) – Back-to-school spending is expected to fall for the first time in nine years as shoppers across all income levels pull back on non-essential purchases and prio[...]
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Amazon touts its low-cost cloud computing in generative AI race
By Jeffrey Dastin AUSTIN (Reuters) – A key way that Amazon’s cloud division aims to set itself apart from rivals perceived to have a leg up on artificial intelligence is by competing on pr[...]
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IBM mulls using its own AI chip in new cloud service to lower costs
By Stephen Nellis SAN FRANCISCO (Reuters) – International Business Machines (IBM) is considering the use of artificial intelligence chips that it designed in-house to lower the costs of operatin[...]
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KPMG to invest $2 billion in AI, cloud services
(Reuters) -KPMG said on Tuesday it will spend $2 billion on artificial intelligence and cloud services through an expanded partnership with Microsoft, closely following Accenture in betting on the lat[...]
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Reddit beats lawsuit by WallStreetBets founder
By Jonathan Stempel (Reuters) – A U.S. judge on Tuesday dismissed a lawsuit in which the founder of WallStreetBets, which helped ignite investors’ fascination with “meme” stock[...]
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Faraday Future interim CFO resigns, firm to restate certain financial reports
(Reuters) – Faraday Future Intelligent Electric said on Tuesday its interim finance chief has resigned and the company will restate its financial statements for 2022 and the quarter ended March[...]
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Generative AI comes to Nasdaq, winning over engineers
By Jeffrey Dastin AUSTIN (Reuters) -Months since ChatGPT’s debut, engineers and marketers at the stock exchange operator Nasdaq are embracing newer artificial intelligence, while its lawyers are[...]
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