2+ day, 15+ hour ago   (321+ words) Sept 10 (Reuters) – Oracle topped Wall Street expectations for first-quarter revenue on Thursday and lifted its annual profit forecast, boosted by strong demand for its cloud computing ​services from surging enterprise spending on AI. Shares of the ‌company, which have fallen…...

2+ day, 19+ hour ago   (269+ words) Sept 10 (Reuters) – Positron AI, a startup developing chips to run AI models, said on Thursday it has raised $875 million in its latest funding ​round, more than quadrupling its valuation in seven ‌months to $5 billion. The startup had raised $230 million in…...

3+ day, 18+ hour ago   (331+ words) LONDON, Sept 9 (Reuters) – Amazon will raise £4.25 billion ($5.76 billion) in its first-ever sterling bond sale, more than initially expected, according to a bank managing the deal, as ​hyperscalers rush to diversify their funding sources to finance the ‌AI boom. The deal,…...

1+ week, 3+ day ago   (342+ words) Sept 3 (Reuters) – Snowflake’s shares surged more than 24% before the bell on Thursday as investors cheered a stronger annual revenue forecast and signs that the company’s AI products are ​gaining traction. The cloud data platform provider lifted its fiscal ‌2027 product revenue…...

1+ week, 3+ day ago   (347+ words) SEOUL, Sept 2 (Reuters) – South Korean foreign exchange authorities bought about $20 billion in U.S. dollars that SK Hynix sold after its $26.5 billion American depositary receipt listing in July, a source with ​direct knowledge of the matter said on Wednesday. The Foreign…...

1+ week, 3+ day ago   (171+ words) Sept 2 (Reuters) – AI company Owkin said on Wednesday it has signed a licensing deal ​with Germany’s Boehringer Ingelheim, ‌giving the drugmaker access to its AI research platform and patient data to speed up discovery of drugs for cancer ‌and ​immunity-related…...

1+ week, 4+ day ago   (861+ words) HONG KONG, Sept 2 (Reuters) – While Nvidia is synonymous with the AI boom, a lesser-known group of power and cooling equipment suppliers is cashing in on a global data centre construction spree as developers race to avoid infrastructure bottlenecks. Energy-hungry data…...

1+ week, 4+ day ago   (359+ words) (Corrects typographical error in editing credit) By Abhirami G and Sai Ishwarbharath B Sept 2 (Reuters) – Indian data centre operator Yotta Data Services plans to launch an IPO in the January-March quarter of 2027, ​CEO Sunil Gupta told Reuters, as it seeks…...

1+ week, 4+ day ago   (119+ words) BRUSSELS, Sept 2 (Reuters) – Europe’s second-highest court on Wednesday rejected Norwegian ​browser maker Opera’s ‌challenge against EU antitrust regulators’ decision to exempt Microsoft’s browser Edge from rules ‌reining ​in the ⁠power of Big ⁠Tech. The European Commission in its 2024 decision said…...

1+ week, 4+ day ago   (192+ words) BRUSSELS, Sept 1 (Reuters) – The licensing practices of U.S. cloud computing company Oracle are on the radar ​of EU antitrust regulators, a person ‌familiar with the matter said, in a case similar to one involving German rival SAP which was settled…...