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Smartphone is seen in front of Microsoft logo displayed in this illustration, taken July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 24 (Reuters) – Microsoft (MSFT.O) on Tuesday beat Wall Street estimates for fiscal first-quarter results in all segments, driven particularly by strength in its cloud-computing and PC businesses. The company’s revenue rose … Read more
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[1/2]The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo Acquire Licensing Rights Oct 23 (Reuters) – Nvidia (NVDA.O) dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers. Nvidia has quietly begun … Read more
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Biggest-ever gaming deal closes after UK approval UK regulator CMA had blocked the acquisition in April Microsoft agreed to sell streaming rights to win approval CMA says ‘sticking to its guns’ pays off for gamers LONDON, Oct 13 (Reuters) – Xbox maker Microsoft (MSFT.O) closed its $69 billion deal for Activision Blizzard (ATVI.O) on Friday, … Read more
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[1/2]OpenAI and ChatGPT logos are seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights WASHINGTON, Oct 11 (Reuters) – The U.S. Space Force has paused the use of web-based generative artificial intelligence tools like ChatGPT for its workforce over data security concerns, according to a memo seen by Reuters. A … Read more
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Best quarterly profit so far this year Shares open 3.3% higher Memory chip prices likely hit bottom in Q3-analysts SEOUL, Oct 11 (Reuters) – Samsung Electronics (005930.KS) on Wednesday said its preliminary third-quarter profit dropped by a smaller-than-expected 78%, as the battered memory chip market shows early signs of recovering from a severe downturn. Samsung … Read more
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The ByteDance logo is seen at the company’s office building in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights Oct 2 (Reuters) – China’s ByteDance is buying back shares from U.S. employees in a deal that values the TikTok parent company at $223.5 billion, about 26% lower than a valuation a year … Read more
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[1/5]People look at the new iPhone 15 Pro as Apple’s new iPhone 15 officially goes on sale across China at an Apple store in Shanghai, China September 22, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights Sept 30 (Reuters) – Apple (AAPL.O) on Saturday said it has identified a few issues which can cause new iPhones … Read more
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The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights NEW YORK, Sept 29 (Reuters) – Surging bond yields are rattling U.S. stocks, and some investors worry the richly valued shares of … Read more
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NEW YORK/LONDON, Sept 29 (Reuters) – Bankers and investors are embracing a degree of optimism for the IPO market following a slew of major market debuts in September that made for one of the busiest months since the start of 2022. So far this year there have been $423 billion worth of equity capital markets … Read more
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[1/5]Sony’s virtual production facility is pictured in Tokyo, Japan September 20, 2023. REUTERS/Sam Nussey Acquire Licensing Rights TOKYO, Sept 29 (Reuters) – Sony Group (6758.T) is increasing its focus on the virtual production business where it is seeing market-beating growth, a company executive said, riding on the strength of the Japanese entertainment conglomerate’s technology. The … Read more