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FRANKFURT (Reuters) – Amazon’s video streaming services in Germany will continue as before, the U.S. technology giant said on Friday, despite a German court ruling that it was violating a patent owned by Finnish network equipment maker Nokia. The regional court in the western city of Duesseldorf said earlier on Friday that it ruled that …

Amazon says German customers won’t lose Amazon Prime as a result of court ruling Read More »

(Reuters) – French telecoms group Iliad said on Friday it would invest 3 billion euros ($3.10 billion) in AI infrastructure, such as datacentres and computing power. Ahead of the Artificial Intelligence Action Summit taking place in Paris on Monday, the group said it will invest via its subsidiary OpCore, which operates the group’s 13 data …

Iliad to invest $3.1 billion to boost AI infrastructure in Europe Read More »

(Reuters) -Amazon.com shares fell 4% on Friday after the technology heavyweight’s quarterly cloud computing revenue growth disappointed investors waiting for a bigger payoff from heavy spending on AI. The results echoed slower-than-expected growth at Microsoft and Alphabet-owned Google, and come as leading U.S. cloud-computing companies face greater investor scrutiny over their massive spending on AI …

Amazon dips after cloud growth disappoints investors Read More »

By Nikhil Sharma and Johann M Cherian (Reuters) – European shares closed lower on Friday, with automakers among top decliners as investors grew skittish on worries of a global trade war escalating, while a bleak profit margin forecast from luxury carmaker Porsche further added to the unease.  The pan-European STOXX 600 index was down 0.4%, …

European shares end lower as trade war worries spike; automakers slide Read More »

(Reuters) – UK stocks were lower on Friday, with the FTSE 100 easing from a record high, as tariff uncertainty added to investor nerves after data showed weaker-than-expected U.S. jobs growth. The FTSE 100 lost 0.3%, while the mid-cap FTSE 250 slipped 0.8% and was set to end the week marginally higher. The FTSE 100 …

FTSE 100 eases from record high on tariff uncertainty, weak US jobs data Read More »

By Kenrick Cai, Krystal Hu and Anna Tong (Reuters) – Safe Superintelligence, an artificial intelligence startup co-founded by OpenAI’s former chief scientist Ilya Sutskever last year, is in talks to raise funding at a valuation of at least $20 billion, four sources told Reuters. That would quadruple the company’s $5 billion valuation from its last …

Exclusive-OpenAI co-founder Sutskever’s SSI in talks to be valued at $20 billion, sources say Read More »

By Elvira Pollina MILAN (Reuters) -French telecoms group Iliad and CVC Capital Partners have separately informed the Italian government of their respective interest in potential deals involving former phone monopoly Telecom Italia (TIM), sources told Reuters on Friday. Italy considers TIM as strategic and any deal involving its assets needs Rome’s backing. The government has …

Iliad, CVC sound out Rome over Telecom Italia plans, sources say Read More »

(Reuters) -Chevron is speeding up its expansion of Kazakhstan’s Tengiz oilfield, two sources familiar with the plans told Reuters, raising its output to around 1% of global crude supply. Chevron said in January it had begun a $48 billion expansion of Tengiz, which is one of the world’s deepest and most complex fields due to …

Chevron accelerates Kazakh oilfield ramp-up, sources say Read More »

By Amy-Jo Crowley, Iain Withers and Yadarisa Shabong LONDON (Reuters) -Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion in cash and said the Japanese firm would take a 5% stake in the British insurer, in the biggest strategic move so far under CEO …

Britain’s L&G sells US protection unit to Japanese insurer for $2.3 billion Read More »