May 5 (Reuters) – Meta Platforms Inc (META.O) has hired an Oslo-based team that until late last year was building artificial-intelligence networking technology at British chip unicorn Graphcore. A Meta spokesperson confirmed the hirings in response to a request for comment, after Reuters identified 10 people whose LinkedIn profiles said they worked at Graphcore until… Continue reading Untitled
Category: Uncategorized
Technology Category
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
Canada’s Magna raises profit forecast as global auto production improves
May 3 (Reuters) – Canadian auto parts maker Magna International Inc (MG.TO) raised its full-year earnings forecast on Friday, betting on increased production of cars and other light vehicles in North America and Europe as supply-chain constraints ease. Magna also joined peer Aptiv PLC (APTV.N) in issuing positive commentary on the supply chain as the… Continue reading Canada’s Magna raises profit forecast as global auto production improves
Carvana shares soar on upbeat forecast, short squeeze
May 5 (Reuters) – Carvana Co’s (CVNA.N) shares soared as much as 55% on Friday after the struggling online used-car retailer’s surprise second-quarter profit forecast caught bearish investors on the wrong foot. Carvana endured a turbulent 2022 as the company struggled to offload used cars purchased at higher prices during the pandemic due to weak… Continue reading Carvana shares soar on upbeat forecast, short squeeze
Retailcategory
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
Untitled
May 5 (Reuters) – Sonos Inc (SONO.O) and Alphabet’s Google LLC (GOOGL.O) will face off in a San Francisco federal trial on Monday over claims that Google copied Sonos’ patented smart-speaker technology in wireless audio devices like Google Home and Chromecast Audio. The case is part of a sprawling intellectual property dispute between the former… Continue reading Untitled
Legalcategory
– Robert Lewis, the founding partner of Lewis Brisbois Bisgaard & Smith, stepped down from his role as chairman of the firm, after the mass departure of at least 110 lawyers to a new firm this week. – Jenner & Block hired Boies Schiller Flexner’s executive committee member Joanna Wright as a partner in New… Continue reading Legalcategory
Tesla raises prices for new Model S, Model X in China
BEIJING, May 5 (Reuters) – Tesla Inc has raised prices for its new Model S and Model X vehicles in China by 19,000 yuan ($2,751), its website showed on Friday. ($1 = 6.9060 Chinese yuan renminbi) Reporting by Shanghai newsroom and Liz Lee; Editing by Christian Schmollinger Our Standards: The Thomson Reuters Trust Principles. Go… Continue reading Tesla raises prices for new Model S, Model X in China
article with gallery
May 5 (Reuters) – When Apple Inc (AAPL.O) surprised investors this week with a rise in iPhone sales despite a slump in the global smartphone market, Chief Executive Tim Cook credited emerging markets like India where the company is luring away Android phone users. Cook is betting that those markets will provide more opportunities for… Continue reading article with gallery
Technologycategory
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