Tag: Business
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Exclusive-Uber’s commitment to self-driving startup Nuro is close to $500 million, sources say
SAN FRANCISCO, June 3 : Uber has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters, detailing the extent of a major investment by the ride-hailing company in developing commercial robotaxis.After years of false starts, the robotaxi in
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Broadcom forecasts quarterly revenue above estimates on strong AI chip demand
(Corrects to say adjusted profit beat estimates, not trailed, in paragraph 7)June 3 : Broadcom forecast third-quarter revenue above Wall Street expectations on Wednesday, betting on robust demand for its custom AI chips and networking gear.However, shares of the Palo Alto, California-based company fel
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Broadcom stock slips on disappointing software revenue
Broadcom reported fiscal second-quarter results on Wednesday and missed estimates for revenue.
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As Honeywell Aerospace readies for its standalone debut, its CEO is forecasting big growth
By 2030 Honeywell is targeting annual earnings of at least $6.5 billion and full-year free cash flow of at least $4 billion.
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Talent is abundant in Spain; the challenge is funding
At Ibiza Tech Forum 2026, Pilar Carrato explains why scale, financial discipline and exits are vital for Spanish startups, and shows founders how to turn ideas into success.
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Japan electronics retailers Yamada, Edion plan merger to create sector giant, Nikkei Asia reports
June 4 : Japan’s consumer electronics retailers Yamada Holdings and Edion Corp are planning to merge, with combined sales of around 2.5 trillion yen ($15.62 billion), Nikkei Asia reported on Thursday.Both companies are likely to hold board meetings as early as this week to reach a basic agreement on the merge
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SpaceX wins Texas county tax incentives for Terafab chip project despite local opposition
ANDERSON, Texas/NEW YORK, June 3 : SpaceX secured tax incentives on Wednesday for its proposed Terafab chip manufacturing project in Grimes County, Texas, despite fierce opposition from residents who warned the development could strain local resources and transform the rural community.The project is central t
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US agency considers reforming, ending $3 billion school internet subsidy program
June 3 : The U.S. Federal Communications Commission said on Wednesday the agency is considering reforming or ending the roughly $3 billion annual E-Rate subsidy program for schools and libraries.The FCC said the commission wants to ensure E-Rate-funded internet networks and services are being used for educati
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British lawmaker sues Musk’s xAI over sexualised Grok images
LONDON, June 3 : British lawmaker Jess Asato is suing Elon Musk’s xAI, saying in a statement on Wednesday the Grok AI platform had been used to create fake sexualised images of her.Grok, distributed through Musk’s social media platform X, is currently subject to regulatory probes in several countries after an
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Automakers, retailers warn US memory-chip shortage is impacting prices
WASHINGTON, June 3 : The increasing need for memory chips to power artificial intelligence data centers could lead to dramatic price hikes in U.S. consumer goods and disrupt supply chains, groups representing automakers, retailers, electronic firms and others said on Wednesday.The groups said in a letter to t
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