By Amy-Jo Crowley and Oliver Hirt LONDON (Reuters) – Apax Partners, Bain Capital and CVC are each exploring potential bids for SoftwareOne, two people with knowledge of the situation said, three months…
Category: Business
Exclusive-FTC seeking details on Amazon deal with AI startup Adept, source says
By Krystal Hu, Greg Bensinger and Jody Godoy (Reuters) – The U.S. Federal Trade Commission has asked Amazon.com to provide more details on its deal to hire top executives and researchers from…
Microsoft’s hiring of former Inflection AI staff prompts UK probe
By Yadarisa Shabong and Martin Coulter (Reuters) – Britain’s competition regulator has started a formal investigation into Microsoft’s hiring of some former staff of Inflection AI and its partnership with the startup,…
Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial
(Reuters) – Shares of Warner Bros Discovery rose more than 6% on Tuesday after Bank of America (BofA) Global Research said the company could create more value for its shareholders if it…
BlackRock assets hit record-high $10.65 trillion on ETF flows, rising stocks
By Arasu Kannagi Basil and Davide Barbuscia (Reuters) – Assets managed by BlackRock hit a record $10.65 trillion in the second quarter thanks to rising client asset values and as investors pumped…
Berkshire Hathaway share price sets record high
By Jonathan Stempel (Reuters) -Berkshire Hathaway’s share price hit a record high on Monday, reflecting investors’ confidence in Warren Buffett’s company, which is often regarded as a microcosm of the broader American…
Exclusive-OpenAI working on new reasoning technology under code name ‘Strawberry’
By Anna Tong and Katie Paul ChatGPT maker OpenAI is working on a novel approach to its artificial intelligence models in a project code-named “Strawberry,” according to a person familiar with the…
Intel on track for cumulative software sales of $1 billion by end 2027, exec says
By Fanny Potkin SINGAPORE (Reuters) – Intel’s push into software is going well and the company could have cumulative software revenue of $1 billion by the end of 2027, Chief Technology Officer…
Citi profit beats on surge in investment banking, services strength
By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a 60% jump in investment banking revenue and gains in its services division,…
Tesla delays robotaxi launch to October from August, Bloomberg News reports
(Reuters) -Tesla is delaying the launch of robotaxi to October from August, Bloomberg News reported on Thursday, citing people familiar with the decision. Shares of Tesla were down more than 6%, ending…