Tag: sources say
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Chinese AI firm Moonshot files confidentially for Hong Kong IPO, sources say
HONG KONG, Sept 3 : Chinese AI startup Moonshot has confidentially filed for a Hong Kong initial public offering, joining a slew of domestic and global rivals in pursuing a public listing, said three people with knowledge of the matter.The company is targeting to raise $3 billion in the offering, one of them
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Exclusive-Anthropic planned, then abandoned $7 billion purchase of MatX, sources say
SAN FRANCISCO, Aug 27 : Anthropic discussed buying artificial intelligence chip startup MatX for roughly $7 billion, seeking to accelerate efforts to develop custom hardware for its fast-growing AI business, two people briefed on the matter told Reuters.The merger talks, which a third person said have evolved
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Former NBA players not eligible for WNBA, sources say
NEW YORK, Aug 24 : Two former NBA players who sought to enter the 2027 WNBA draft are not eligible to participate in the women’s basketball league, according to sources around the league on Monday. Enes Kanter Freedom, who played in the National Basketball Association for over a decade from 2011, and Royce W
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Xiaomi launches new Xring chip, partners with TSMC for production, sources say
BEIJING, Aug 24 : Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring smartphone processor, betting that deeper control over key components will help strengthen its supply chain and reduce reliance on external chip suppliers.The introduction of Xring O3 comes a year after
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Exclusive-Silver Lake in talks to buy Workday, sources say
Aug 13 : Private equity firm Silver Lake is in talks to acquire Workday, which has a market value of about $43 billion, in a deal that would rank among the largest software buyouts in history, according to people familiar with the matter.Silver Lake and the human-resources and financial management software co
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Exclusive-HSBC global insurance business head Moncreiffe to leave, sources say
HONG KONG, Aug 12 : HSBC’s global chief executive for insurance business, Edward Moncreiffe, is set to leave the bank after two decades with the lender, according to two people with direct knowledge of the matter.Moncreiffe, who took over the role at the Asia-focussed lender in 2024, will leave soon for exter
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Exclusive-Alkami kicks off sale process after buyer interest, sources say
NEW YORK, Aug 6 : Digital banking software provider Alkami Technology has formally launched a sale process after drawing acquisition interest from potential buyers amid mounting pressure from activist investor Jana Partners, according to people familiar with the matter.The Plano, Texas-based company’s adviser
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Trump administration to impose 15% tariff on polysilicon, sources say
WASHINGTON, Aug 5 : The Trump administration is planning to impose a 15 per cent tariff on polysilicon derivative products, sources told Reuters on Tuesday.It also plans to unveil the results of its Section 232 investigation into foreign imports of polysilicon as soon as Thursday, the sources said.
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Trump advisers tell AI firms they will not safety-test open-weight models, sources say
WASHINGTON, Aug 4 : U.S. President Donald Trump’s administration on Tuesday told leading AI companies that it will not safety-test open-weight AI models, according to two sources familiar with the discussions.
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EU regulators to issue formal warning to JD.com over Ceconomy deal, sources say
BRUSSELS, July 22 : EU regulators will issue formal charges against Chinese e-commerce giant JD.com over its $2.5 billion bid for German electronics retailer Ceconomy, underlining their concerns of unfair subsidies, people familiar with the matter said.The charges, known as a statement of grounds under the Fo
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