Google set to bring ads in search AI Overviews

(Reuters) – Google will start testing search and shopping ads in its AI-generated answers in the U.S., the Alphabet-owned company said on Tuesday, days after it rolled out the AI Overviews feature widely at its annual I/O conference. Ads will appear in a ‘sponsored’ section within AI Overview based on the query’s relevance and information, , the company said in a blog post. Google has been looking to extend its dominance beyond traditional search advertising … Read more…

Robinhood lowers interest rate on margin loans in growth push

By Niket Nishant (Reuters) – Trading app Robinhood Markets is lowering the rate of interest it charges on its margin loans, it said on Tuesday, to encourage more customers to avail this facility that allows them to borrow against securities they hold. WHY IT’S IMPORTANT The company has rolled out a series of features recently as it looks to grow into a full-fledged broker and meet the demands of retail investors for sophisticated products. The … Read more…

Apple says US antitrust lawsuit should be dismissed

By David Shepardson WASHINGTON (Reuters) -Apple said on Tuesday it plans to ask a U.S. judge to dismiss a lawsuit filed by the Justice Department and 15 states in March that alleged the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices. In a letter to U.S. District Judge Julien X. Neals in New Jersey, Apple said “far from being a monopolist, Apple faces fierce competition from well-established rivals, and the … Read more…

Amazon’s cloud unit pauses orders of Nvidia’s most powerful chip, FT reports

(Reuters) – Amazon.com’s cloud services unit has paused orders of Nvidia’s most advanced “superchip” to wait for a more powerful new model, the Financial Times reported on Tuesday. The new model called Blackwell, the chip sector heavyweight’s new flagship AI processor, is expected to ship later this year, Nvidia said in March. Amazon Web Services, the world’s largest cloud services firm, had “fully transitioned” its previous orders for Nvidia’s Grace Hopper chip, the report said. … Read more…

Wall Street bets on stellar quarterly results from Nvidia

By Arsheeya Bajwa (Reuters) – Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can maintain its explosive growth and stay ahead of rivals. The results will be the latest test for Wall Street’s picks-and-shovels trade that has turned Nvidia into the biggest winner of the generative AI boom, thanks to its chips that are essential … Read more…

Dell deepens AI push with new PCs, Nvidia-powered servers

By Jaspreet Singh and Arsheeya Bajwa (Reuters) -Dell Technologies unveiled a range of AI-enabled PCs powered by Qualcomm processors and said a new server which supports Nvidia’s latest chips will be available from the second half of 2024. Dell made the announcements at an event in Las Vegas on Monday, aiming to maintain momentum in the lucrative market for artificial intelligence servers and bracing for an expected recovery in the PC market this year after … Read more…

Nippon Steel executive to visit U.S. to meet stakeholders of U.S. Steel deal

By Urvi Dugar, Akanksha Khushi and Yuka Obayashi , TOKYO (Reuters) -Japan’s Nippon Steel said on Saturday its vice chairman, Takahiro Mori, a key negotiator for its planned purchase of U.S. Steel, will travel to the United States next week to meet stakeholders as part of continued efforts to complete the deal. A spokesperson for Nippon Steel in Tokyo said Mori will visit the United States to continue dialogues with various stakeholders of the deal … Read more…

Target lowering prices on 5,000 items in bid to lure more shoppers

(Reuters) – Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday, as it looks to attract budget-stretched customers. Still-high food prices and borrowing costs have made cash-crunched customers more conscious of their spending on pricey items and look for cheaper products in stores and online, forcing retailers to lower prices to get more consumers to their stores. Target … Read more…

Google invests 1 billion euros in Finnish data centre to drive AI growth

HELSINKI (Reuters) – Alphabet-owned Google will invest a further 1 billion euros ($1.1 billion) into the expansion of its data centre campus in Finland to drive its artificial intelligence (AI) business growth in Europe, it said in a statement on Monday. In recent years, many data centres have been located in the Nordic countries because of the region’s cooler climate, tax breaks and abundant availability of renewable power. Finland’s Nordic neighbours Sweden and Norway have … Read more…

Hershey faces larger lawsuit over missing designs on Reese’s candies

By Jonathan Stempel (Reuters) – Hershey is facing a renewed, larger lawsuit claiming it misled consumers about the amount of artistic detail they would find on several Reese\’s peanut butter candies after opening the packaging. In a proposed class action on Friday, four Reese\’s consumers in southern Florida said they were \”very disappointed\” that the candies they bought late last year looked plain, and lacked the \”explicit carved out artistic designs\” shown on the packaging. … Read more…