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SpaceX IPO earns millions for US Small Business Administration head Kelly Loeffler

WASHINGTON, July 17 (Reuters) – U.S. Small Business Administration head Kelly Loeffler multiplied the value of her investment in Elon Musk’s SpaceX after she was nominated for the ‌job, earning millions of dollars from the company’s record initial public offering, a Reuters review of her financial disclosures showed.   Loeffler invested between $1 million and […]

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Musk’s SpaceX in talks to supply the Pentagon with computing power, WSJ reports

July 17 (Reuters) – Elon Musk’s SpaceX (SPCX.O), opens new tab is in talks to provide the U.S. Department of Defense with access to data center ‌capacity worth billions of dollars to run AI models, the Wall Street Journal reported on Friday, citing people familiar with the matter. Such an agreement would extend the Pentagon’s existing relationship with

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Meta AI image detector fails to identify some of its own cropped AI images, Reuters analysis finds

July 10 (Reuters) – A new AI detection tool from Meta (META.O), opens new tab, which the tech company previewed this week alongside the launch of its image-generation model, Muse ‌Image, failed to identify some of its own AI-generated images once they were cropped, according to a Reuters analysis. The finding highlights the challenges of verifying AI-generated images

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Altera returns to growth as AI, robotics fuel demand, CEO says

SAN FRANCISCO, July 10 (Reuters) – Altera, a maker of programmable chips spun out of Intel (INTC.O), opens new tab, is growing roughly 20% a year and more than doubling operating income as it prepares for an eventual public listing, Chief Executive Raghib Hussain told Reuters in ‌an interview. Altera became fully independent last September after Intel

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India’s HCLTech wins $1.14 billion deal with European firm

BENGALURU, July 3 (Reuters) – India’s HCLTech (HCLT.NS), opens new tab has won a $1.14 billion deal with a ‌major European firm, the software services exporter said on Friday. The announcement pushed HCLTech’s shares up by as much as 6.3%, boosting gains on the Nifty IT index, which ⁠was up 2.7%. Here are some details: The ​deal will help

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Google loses fight against record €4.1 billion EU antitrust fine

BRUSSELS, July 2 (Reuters) – Alphabet’s (GOOGL.O), opens new tab Google on Thursday lost its long-running fight against a record EU antitrust fine for using its Android mobile operating system ‌to block rivals, a court ruling which is seen as likely to boost Europe’s crackdown on Big Tech. The European Commission, the bloc’s antitrust regulator, has fined Google

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Exclusive: Binance set to lose permission to operate in EU, sources say

FRANKFURT, June 16 (Reuters) – Binance, the world’s largest crypto exchange, is set to ‌lose permission to serve European Union clients from next month because its licence application is about to be rejected, two people familiar with the matter told Reuters. Under new EU rules, called MiCA, crypto firms have until the end of June to obtain a

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AT&T names Jennifer Biry as CFO from 2027, Desroches to retire

June 16 (Reuters) – Telecom provider AT&T (T.N), opens new tab said on Tuesday Pascal Desroches will retire as CFO ‌at the end of 2026 and that Jennifer Biry would succeed him. Here are more details: Jennifer ​Biry, the former CFO of McAfee, ⁠is set to become ​AT&T’s CFO at the start of ​2027, according to a company

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SpaceX surges past $2 trillion in Nasdaq debut, closes in on Amazon

June 12 (Reuters) – SpaceX (SPCX.O), opens new tab shares jumped 19% in their Nasdaq debut on Friday, sending the company’s value past $2 trillion to make it the sixth-biggest U.S. company by value and turning Elon Musk into the world’s first trillionaire. Investors jumped at the chance to get a piece of Musk’s sprawling empire spanning rockets, satellites and

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Zuckerberg says Meta made ‘mistakes’ in AI workforce shift

June 12 (Reuters) – Meta (META.O), opens new tab CEO Mark Zuckerberg has told employees that the social media giant has made mistakes in its AI transformation of its workforce, according to an internal memo seen ‌by Reuters. Zuckerberg is pumping hundreds of billions of dollars into AI as he seeks to reshape his company’s inner workings around

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