4imag team
Tesla profit margins worst in five years as price cuts, incentives weigh
By Hyunjoo Jin, Akash Sriram (Reuters) - Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while
TI beats quarterly profit estimates as chip demand turns steady
By Arsheeya Bajwa (Reuters) - Texas Instruments beat analysts' estimates for second-quarter profit on Tuesday, powered by stabilizing demand for analog chips from markets such as personal electronics and lower manufacturing costs. A rebound in smartphones and personal computers sales has enabled
Philippines to start winding down operations of offshore gaming hubs
By Neil Jerome Morales MANILA (Reuters) - The Philippines' gaming regulator said on Tuesday it will cancel the licenses of offshore gambling firms and work with law enforcement agencies to implement President Ferdinand Marcos Jr's order of a total ban on
Founder of South Korea’s Kakao arrested for suspected stock manipulation
By Joyce Lee SEOUL (Reuters) - The billionaire founder of South Korean tech giant Kakao Corp, Kim Beom-su was arrested on Tuesday on accusations of manipulating stocks during the acquisition of a K-Pop agency last year. The case is the latest legal
Cybersecurity firm Wiz calls off $23 billion deal with Google, memo says
By Shivani Tanna in Bengaluru, Steven Scheer and Deborah Sophia (Reuters) - Cybersecurity startup Wiz has walked away from a reported $23 billion deal to be acquired by Google-parent Alphabet and has chosen to pursue an initial public offering, according to
Embraer’s Eve rolls out flying taxi prototype, cash needs covered until 2027
By Gabriel Araujo GAVIAO PEIXOTO, Brazil (Reuters) - Electric aircraft maker Eve has showcased for the first time the full-scale prototype of its "flying taxi," achieving a milestone as the company aims to obtain certification and enter service in 2026. Eve, controlled
Nvidia preparing version of new flaghip AI chip for Chinese market, sources say
By Fanny Potkin SINGAPORE - Nvidia is working on a version of its new flagship AI chips for the China market that would be compatible with current U.S. export controls, three sources familiar with the matter said. The AI chip giant in
Embraer’s Eve rolls out flying taxi prototype, cash needs covered until 2027
By Gabriel Araujo GAVIAO PEIXOTO, Brazil (Reuters) - Electric aircraft maker Eve has showcased for the first time the full-scale prototype of its "flying taxi," achieving a milestone as the company aims to obtain certification and enter service in 2026. Eve, controlled
India ed-tech firm Byju’s founder faces reckoning as startup implodes
By Aditya Kalra NEW DELHI (Reuters) - Byju Raveendran, an Indian mathematics whiz who soared from teacher to startup billionaire before his education-technology company imploded this year, now faces his biggest test. The future of Raveendran's eponymous Byju's online coaching firm rests