By Stephen Nellis SAN FRANCISCO, Dec 1 (Reuters) – The Trump administration has agreed to take a stake in xLight – a startup seeking to develop free-electron lasers viewed as key to making faster computing chips. The U.S. Department of Commerce said on Monday the government will inject up to $150 million into the company …
Trump administration to inject up to $150 million into chip laser startup xLight Read More »
By Renju Jose SYDNEY, Dec 2 (Reuters) – Australia on Tuesday unveiled a roadmap to ramp up the adoption of artificial intelligence across its economy but said it would rely on existing laws to manage emerging risks, stepping back from earlier plans for tougher rules on high-risk scenarios. Australia currently has no specific AI laws …
Australia rolls out AI roadmap, steps back from tougher rules Read More »
By Chuck Mikolajczak NEW YORK, Dec 1 (Reuters) – U.S. stocks closed modestly lower on Monday, weighed down by a jump in Treasury yields and economic data that showed tariffs remained a drag on the manufacturing sector, as investors looked toward the Federal Reserve’s policy announcement next week. The Institute for Supply Management’s survey showed …
Wall Street ends lower as yields climb; crypto stocks drop Read More »
By Nicholas P. Brown and Chandni Shah Dec 1 (Reuters) – U.S. consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion three-day online shopping frenzy that exceeded analyst expectations, kicking off the holiday season. Adobe Analytics said online spending on Monday was up 4.5% from last year …
US holiday shoppers shake off economic blues for online spending spree Read More »
Dec 1 (Reuters) – U.S. shoppers spent $9.1 billion online on Cyber Monday, Adobe Analytics said, capping a strong Black Friday weekend marked by splurges from wealthier consumers and deal-hunting by lower-income households. Online spending was up 4.5% year-over-year through 6:30 p.m. ET (2330 GMT), according to Adobe, which tracks more than 1 trillion visits …
US Cyber Monday online sales hit $9.1 billion, Adobe Analytics says Read More »
By Jonathan Stempel NEW YORK, Dec 1 (Reuters) – A U.S. judge on Monday rejected Bristol Myers Squibb’s bid to dismiss a $6.7 billion lawsuit claiming it cheated shareholders of the former Celgene by delaying federal approval for three drugs, including the cancer treatment Breyanzi. While dismissing some claims, U.S. District Judge Jesse Furman in …
Bristol Myers must face $6.7 billion lawsuit over delayed cancer drug, US judge rules Read More »
By Kritika Lamba and Krystal Hu Dec 1 (Reuters) – ChatGPT-maker OpenAI has taken a stake in Thrive Holdings as part of a partnership to embed artificial intelligence into traditional industries such as accounting and IT services, the companies said on Monday. OpenAI will work with Thrive’s industry specialists to integrate its technology into business …
OpenAI takes stake in Thrive Holdings in latest enterprise AI push Read More »
Dec 1 (Reuters) – Shoppers spent $17.3 billion online on Cyber Monday, Salesforce data showed, capping the Black Friday weekend. Global online sales were up 5.3% through 12 p.m. ET (1700 GMT), according to the data firm. It expects online spending to rise 6% to $52.7 billion by the day’s end. Meanwhile, U.S. online sales …
Global Cyber Monday online sales hit $17.3 billion, Salesforce data shows Read More »
By Howard Schneider WASHINGTON, Dec 1 (Reuters) – The U.S. Federal Reserve, sometimes criticized for being too consensus-driven, may see a run of divided votes on interest rates that could weaken its policy message and intensify doubts about its independence from political influence. A divide among Fed policymakers has emerged since the summer, as progress …
Flurry of Fed dissents in coming meetings could pose market, political risks Read More »
Dec 1 (Reuters) – Amazon.com said on Monday it is testing ultra-fast delivery of household essentials and fresh groceries in parts of Seattle and Philadelphia, as the company doubles down on efforts to grow its domestic footprint. The service, called “Amazon Now”, will deliver items including milk, eggs, fresh produce and electronics, in about 30 …
Amazon to deliver essentials, groceries in 30 minutes in parts of Seattle, Philadelphia Read More »
