BEIJING (Reuters) – Chinese AI startup DeepSeek on Saturday disclosed some cost and revenue data related to its hit V3 and R1 models, claiming a theoretical cost-profit ratio of up to 545% per day, though it cautioned that actual revenue would be significantly lower. This marks the first time the Hangzhou-based company has revealed any…
(Reuters) -Intel’s promised $28 billion chip fabrication plants in Ohio are facing further delays, with the first factory in New Albany now expected to be completed only by 2030, the struggling chipmaker said on Friday. The first factory will begin operations sometime shortly thereafter, between 2030 and 2031, the company said, extending its original timeline…
By Suzanne McGee (Reuters) -CME Group said on Friday that it plans to roll out futures contracts on cryptocurrency Solana on March 17, pending regulatory review. The exchange said it expects to debut two contracts, one for 500 Solana coins and a “micro-sized” contract for 25 Solana. “We are responding to increasing client demand for…
By Greg Bensinger (Reuters) – Amazon.com cut “a small number” of jobs at its Wondery podcast unit, known for “Dr. Death” and “Business Wars,” the company said in a statement to Reuters on Friday. Amazon purchased Wondery in 2020 for a reported $300 million and last year signed a three-year $100 million deal for rights…
By Ashitha Shivaprasad and Shivansh Tiwary (Reuters) – Demand for industrial precious metals platinum and palladium will likely fall if tariffs proposed by President Donald Trump on U.S. auto imports dampen vehicle sales, analysts said. Earlier this month, Trump said levies on automobiles would be coming as soon as April 2. This would mean imports…
(Reuters) -Tesla has applied for a permit typically associated with chauffeur-operated services, Bloomberg News reported on Thursday, marking the first phase of a series of regulatory approvals required for the electric car maker to launch its promised robotaxi service. The automaker currently has the approval to test autonomous vehicles with a safety driver in California,…
(Reuters) – Philadelphia Federal Reserve Bank President Patrick Harker on Thursday expressed support for continuing to hold short-term U.S. borrowing costs in their current range of 4.25%-4.50%, a level he believes will help get inflation back down to the Fed’s 2% target but isn’t hurting the job market or the economy more generally. “The policy…
(Reuters) -Apollo Global Management is in talks to lead a roughly $35 billion financing package for Meta Platforms to help develop data centers in the U.S., Bloomberg News reported on Thursday citing people with knowledge of the matter. The alternative asset manager has discussed providing a major part of the financing, according to the report….
By Patricia Zengerle WASHINGTON (Reuters) – A critical minerals deal Donald Trump has negotiated with Ukraine could ease tensions between Kyiv and the U.S. president and at the same time win back support from his Republicans in Congress for a new round of aid to the war-torn country. Ukrainian President Volodymyr Zelenskiy is expected to…
WASHINGTON (Reuters) – Donald Trump accepted an invitation from King Charles on Thursday to visit Britain, making the U.S. President the first elected political leader in modern times to be hosted for two state visits by a British monarch. British Prime Minister Keir Starmer handed Trump a letter from Charles during a press conference with…
