X will be what PayPal has not been, a bank
Not just transactions, passing money between accounts, but a true financial hub. That is Elon Musk’s achievable (and soon to be achievable) wish shared by CEO Linda Yaccarino for X,…
‘Mario Wonder’ latest mushroom power-up for Nintendo Switch
By Sam Nussey TOKYO (Reuters) – Nintendo made a pitch for the ongoing match fitness of its aging Switch console on Wednesday, as the Kyoto-based gaming company continues to churn…
Meta bars political advertisers from using generative AI ads tools
By Katie Paul NEW YORK (Reuters) – Facebook owner Meta is barring political campaigns and advertisers in other regulated industries from using its new generative AI advertising products, a company…
Elon Musk’s X restructuring curtails disinformation research, spurs legal fears
By Sheila Dang (Reuters) – Social media researchers have canceled, suspended or changed more than 100 studies about X, formerly Twitter, as a result of actions taken by Elon Musk…
Japan’s JSR slashes profit forecast on chip recovery weakness
By Sam Nussey and Miho Uranaka TOKYO (Reuters) – Japanese chip materials maker JSR Corp on Monday slashed its operating profit forecast for the current financial year by 62%, citing…
Europe urged not to repeat tech underdog role ahead of space talks
By Tim Hepher (Reuters) – Europe is being warned not to “miss the train” on the emerging space economy as more than 20 countries gather in Spain, expected to focus…
Panasonic cuts battery unit’s profit outlook, warns on high-end EV sales
By Daniel Leussink TOKYO (Reuters) – Panasonic Holdings, which supplies Tesla, said on Monday it had cut automotive battery production in Japan in the September quarter and shrank the division’s…
Ford shares fall after pulling full-year forecast, wider losses in EV unit
By Shivansh Tiwary (Reuters) – Shares of Ford Motor Co closed down 12.3% on Friday, after the automaker reported a wider loss from its electric-vehicle (EV) business due to pressures…
Google agrees to invest up to $2 billion in OpenAI rival Anthropic
By Krystal Hu (Reuters) – Alphabet‘s Google has agreed to invest up to $2 billion in the artificial intelligence company Anthropic, a spokesperson for the startup said on Friday. The company has…
Stellantis resets China strategy with $1.6 billion stake in EV firm Leapmotor
By Zhang Yan and Brenda Goh HANGZHOU, China (Reuters) – Stellantis is buying a 21% stake in Leapmotor for $1.6 billion, it said on Thursday, in a reset of its…