(Reuters) – Walmart Canada said on Thursday it is investing about C$6.5 billion ($4.51 billion) to build new stores and expand its supply chain, marking its biggest ever investment since opening its first store nearly 30 years ago. U.S. retail giant Walmart’s Canadian branch, which plans to expand its footprint, added it would be building…
By Zaheer Kachwala and Siddarth S (Reuters) -Tesla shares gained more than 2% on Thursday after CEO Elon Musk vowed to launch long-awaited cheaper models in the first half of 2025 and start testing an autonomous ride-hailing service in June. The promises helped investors overlook a weak fourth quarter that saw margin shrink and revenue…
By Deborah Mary Sophia and Joel Jose (Reuters) -Investors punished Microsoft with a 6% share drop on Thursday as hefty AI bets failed to drive a big increase in its cloud revenue, while Meta rose 4% after CEO Mark Zuckerberg assured Wall Street about growth with promises of a “really big year”. The chief executives…
By Maytaal Angel and Marcelo Teixeira NEW YORK (Reuters) -The relentless coffee price rally continued on Thursday as arabica futures on the ICE exchange hit a new record approaching $4 per lb on extremely tight supplies and fears over the outlook for the coming crop. Arabica coffee futures in New York, used as a benchmark…
(Reuters) – The U.S. Food and Drug Administration (FDA) said on Thursday it had identified three cybersecurity risks associated with certain patient monitors from Contec and Epsimed and urged healthcare facilities to mitigate those risks. Patient monitors, used in both healthcare facilities and home settings, display vital patient information including temperature, heartbeat and blood pressure….
By Anirban Sen (Reuters) -SoftBank is in talks to invest up to $25 billion in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector. SoftBank could invest $15 billion to $25 billion directly into Microsoft-backed OpenAI, some of which may be used to…
By Niket Nishant and Manya Saini (Reuters) – Blackstone said on Thursday its massive investments in data centers would not be undermined by the low-cost artificial intelligence models from China’s DeepSeek, as the need for physical infrastructure was still vital for AI. The alternative asset manager, which has $80 billion worth of leased data centers,…
(Reuters) – Microsoft has made Chinese startup DeepSeek’s R1 artificial intelligence model available on its Azure cloud computing platform and GitHub tool for developers, the U.S. company said on Wednesday. The AI model will be available in the model catalog on the platforms and will join more than 1,800 models that Microsoft is offering. DeepSeek…
(Reuters) – U.S. President Donald Trump’s administration is considering tightening restrictions on artificial intelligence leader Nvidia’s sales of its H20 chips designed for the China market, Bloomberg News reported on Wednesday. Conversations to restrict shipments of those chips to China are in very early stages, according to the report. H20 chips can be used to…
By Dawn Chmielewski and Lisa Richwine (Reuters) – Netflix is expanding its presence in the toy business, striking its first master licensing deal with the company behind the popular Squishmallows plush toys to develop a product line inspired by its hit science-fiction series “Stranger Things.” The streaming giant granted toymaker Jazwares the right to develop…
