Business

By Kalea Hall and Abhirup Roy (Reuters) – General Motors will use artificial intelligence chips and software from Nvidia to develop autonomous vehicle technology for its vehicles and improve workflow at its factories, the companies said on Tuesday. Traditional automakers have struggled to commercialize autonomous technology that has been more challenging and expensive than expected but has emerged as a way to boost sales and rake in subscription revenue from motorists. The companies plan to … Read more…

(Reuters) – Widely used prescription medicines could get caught up in the Trump administration’s tariff trade wars and EU retaliation. The following is a list of major prescription drugs whose ingredients or components are imported into the United States from the European Union, based on U.S. Food and Drug Administration import data from 2023 and 2024. Company Used to Country Comments Brand Treat of Import Comp Name any (chemic al name) AbbV Rinvoq rheumatoid Germany, … Read more…

By Stephen Nellis SAN FRANCISCO (Reuters) – Adobe on Tuesday said it is rolling out artificial intelligence “agents” that brands can use to help consumers navigate their websites. Adobe is known for consumer apps such as Photoshop but also sells a suite of business-to-business software tools used in online marketing, which made up a quarter of Adobe’s $21.5 billion in sales in its most recent fiscal year. The new tools use AI technology to help … Read more…

(Reuters) – Alphabet’s Google on Monday expanded its partnership with Reddit amid concerns that the social media platform’s user growth relies heavily on traffic from Google Search. Redburn Atlantic analyst James Cordwell initiated coverage on Reddit’s stock with a “sell” rating, saying the company’s growth in daily active users (DAUs) — a key metric in determining traffic on a web-based platform — is vulnerable to algorithm changes by Google. Google’s algorithm change has already started … Read more…

(Reuters) – Alphabet’s Google is preparing to partner with Taiwan’s MediaTek on the next version of its AI chips, Tensor Processing Units, that will be made next year, the Information reported on Monday, citing people involved in the project. However, Google has not cut ties with Broadcom, the chip designer it has worked with exclusively on the AI chips over the past several years, the report said, citing an employee at the San Jose-based company. … Read more…

By Polina Devitt LONDON (Reuters) – Investors seeking shelter from political and economic volatility triggered by the new U.S. administration are increasingly moving into gold Exchange-Traded Funds, adding momentum to the market’s record rally. Since U.S. President Donald Trump took office in January, his radical policy shift, including trade tariffs, comments he aims to annex Greenland and his unconventional approach to diplomacy to try to end the war in Ukraine have driven gold prices to … Read more…

(Reuters) -SoftBank plans to transform a former Sharp LCD panel plant in Japan into a data centre for operating artificial intelligence agents developed in collaboration with U.S.-based ChatGPT creator, OpenAI, according to a Nikkei report on Friday. The Japanese telecom giant intends to purchase the facility and part of the land at Sharp’s closed TV LCD factory in Osaka for about 100 billion yen ($677.05 million). The centre is expected to start operations in 2026 … Read more…

(Reuters) – Apple is planning a new AirPods feature that would allow the device to live-translate conversations with people into another language, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The feature will be offered as a part of an AirPods software upgrade later this year, the report said, and will be tied to the iOS 19 update to its mobile operating system. Rival earbuds such as Google’s Pixel Buds have … Read more…

(Reuters) -Uber has decided to terminate its agreement to acquire Delivery Hero’s Foodpanda business in Taiwan and will pay a termination fee of around $250 million, the food delivery company said on Tuesday. Uber said in an emailed statement that it would not appeal the decision of the Taiwan Fair Trade Commission. Taiwan had in February blocked Uber’s $950 million purchase of Delivery Hero’s Foodpanda business on the island because of concerns it would be … Read more…

By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines on Monday slashed its profit estimates for the current quarter through March, citing increased macroeconomic uncertainty. The Atlanta-based company said it now expects a profit in the range of 30 cents-50 cents a share, compared with 70 cents and $1 a share estimated in January. Analysts on average expected the company to report a quarterly profit of 86 cents per share, according to data compiled by … Read more…