Disney’s Iger may have to add slowing growth to his turnaround checklist

May 9 (Reuters) – Walt Disney Co’s (DIS.N) quarterly revenue growth is expected to hit its lowest in nearly two years, underlining the hurdles that Chief Executive Bob Iger faces in revitalizing a company that is now caught in what could be a long strike by Hollywood writers. The results, slated for Wednesday, will mark… Continue reading Disney’s Iger may have to add slowing growth to his turnaround checklist

US shares of EV makers skid after Lucid, Fisker target cuts

[1/2] A Lucid Air electric car with built-in Alexa is displayed in an Amazon booth during CES 2023, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 6, 2023. REUTERS/Steve… Read more NEW YORK, May 9 (Reuters) – Cuts to production forecasts by Lucid Group Inc (LCID.O) and Fisker Inc (FSR.N) slammed… Continue reading US shares of EV makers skid after Lucid, Fisker target cuts

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May 9 (Reuters) – Anthropic, an artificial intelligence startup backed by Google owner Alphabet Inc (GOOGL.O), on Tuesday disclosed the set of written moral values that it used to train and make safe Claude, its rival to the technology behind OpenAI’s ChatGPT. The moral values guidelines, which Anthropic calls Claude’s constitution, draw from several sources,… Continue reading Untitled

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MEXICO CITY, May 9 (Reuters) – U.S. retail giant Walmart (WMT.N) wants to get on top of Mexico’s fintech market with its Cashi digital wallet, yet analysts say its drive is strewn with potential pitfalls due to the proliferation of risky clients in the largely untapped market. Walmart de Mexico (Walmex) (WALMEX.MX) in April said… Continue reading Untitled

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Walmart takes fintech plunge into Mexico’s risky marketplaceFOCUS · May 9, 2023 · 3:11 PM UTC · undefined ago U.S. retail giant Walmart wants to get on top of Mexico’s fintech market with its Cashi digital wallet, yet analysts say its drive is strewn with potential pitfalls due to the proliferation of risky clients in… Continue reading Technologycategory

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BERLIN, May 9 (Reuters) – Porsche (P911_p.DE) will incorporate automated assistance and navigation functions from Mobileye’s (MBLY.O) so-called “SuperVision” technology platform in future models, Mobileye said on Tuesday. The agreement is the technology provider’s second large signing for the platform with a large automotive group after China’s Geely [RIC:RIC:GEELY.UL]. Mobileye’s “SuperVision” system allows drivers to… Continue reading Untitled

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Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source

IBM unveils new watsonx, AI and data platform

OAKLAND, California, May 9 (Reuters) – International Business Machines Corp (IBM.N) on Tuesday launched watsonx, a new artificial intelligence and data platform to help companies integrate AI in their business. The new AI platform launch comes over a decade after IBM’s software called Watson got attention for winning the game show Jeopardy. IBM at the… Continue reading IBM unveils new watsonx, AI and data platform

Iveco to fully own venture with Nikola on electric, hydrogen trucks

Summary Companies Deal to have 44-mln-euro negative impact on Iveco’s Q1 Iveco sees no impact on 2023 cash targets Shares open down in Milan Iveco to pay $35 mln in cash and buy 20 mln Nikola shares MILAN, May 9 (Reuters) – Iveco Group (IVG.MI) will buy full ownership of its joint venture with U.S.… Continue reading Iveco to fully own venture with Nikola on electric, hydrogen trucks