Exclusive: SoftBank hired Arm’s IPO banks without clarity on fees -sources

Exclusive: SoftBank hired Arm’s IPO banks without clarity on fees -sources

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights NEW YORK, Aug 23 (Reuters) – Chip designer Arm signed up 28 banks for its blockbuster initial public offering without giving them a fee arrangement, a reflection of … Read more

Investors look to AI-darling Nvidia’s earnings as US stocks rally wobbles

Investors look to AI-darling Nvidia’s earnings as US stocks rally wobbles

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo Acquire Licensing Rights NEW YORK, Aug 23 (Reuters) – Bullish investors are hoping Wednesday’s earnings report from chip heavyweight Nvidia (NVDA.O) can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. Nvidia … Read more

From Mad Men to machines? Big advertisers shift to AI

From Mad Men to machines? Big advertisers shift to AI

LONDON, Aug 18 (Reuters) – Some of the world’s biggest advertisers, from food giant Nestle (NESN.S) to consumer goods multinational Unilever (ULVR.L), are experimenting with using generative AI software like ChatGPT and DALL-E to cut costs and increase productivity, executives say. But many companies remain wary of security and copyright risks as well as the … Read more

Israeli tech startups flock to US amid uncertainty at home

Israeli tech startups flock to US amid uncertainty at home

Up to 80% Israeli tech startups registering in US – survey Wealthy U.S. funds, pro-business policies are pull factors Some cite uncertainty over Israeli judicial overhaul JERUSALEM, Aug 16 (Reuters) – A growing number of Israel’s tech startups are incorporating in the United States, attracted by deep pocketed U.S. funds and pro-business policies, and with … Read more

Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo NEW YORK, Aug 13 (Reuters) – SoftBank Group Corp (9984.T) is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), … Read more

ChatGPT fever spreads to US workplace, sounding alarm for some

ChatGPT fever spreads to US workplace, sounding alarm for some

LONDON/WASHINGTON, Aug 11 (Reuters) – Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use. Companies worldwide are considering how to best make use of ChatGPT, a chatbot programme that uses generative … Read more

Exclusive: India bars makers of military drones from using Chinese parts

Exclusive: India bars makers of military drones from using Chinese parts

NEW DELHI, Aug 8 (Reuters) – India in recent months has barred domestic manufacturers of military drones from using components made in China over concerns about security vulnerabilities, according to four defence and industry officials and documents reviewed by Reuters. The measure comes amid tensions between the nuclear-armed neighbours and as New Delhi pursues a … Read more

Focus: Shifting trends in travel demand bedevil US airlines

Focus: Shifting trends in travel demand bedevil US airlines

A general view of Philadelphia International Airport in Philadelphia, Pennsylvania, U.S., June 17, 2023. REUTERS/Tom Brenner/File Photo CHICAGO, July 21 (Reuters) – Consumers continue to splurge on air tickets. But travel patterns are shifting so often, partly due to work-life changes wrought by the pandemic, that airlines must constantly adapt on booking plane seats and … Read more

Analysis: Stock sale frenzy foretells US IPO market comeback

Analysis: Stock sale frenzy foretells US IPO market comeback

Signage for TXO Energy Partners is seen at the New York Stock Exchange (NYSE) to celebrate their IPO in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly Acquire Licensing Rights NEW YORK, June 21 (Reuters) – A flurry of stock sales by companies points to a likely wave of initial public offerings launching come … Read more