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Qualcomm revamps mobile phone chips for AI, signs Samsung and others

Qualcomm revamps mobile phone chips for AI, signs Samsung and others By Stephen Nellis Oct 21 (Reuters) - Qualcomm QCOM.O said on Monday it is bringing technology first developed for its laptop chips to its mobile phone chips, aiming to make them more powerful for generative AI tasks. The San Diego-based company is the world's biggest seller of mobile phone chips.
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Evergy to build natural gas power plants in Kansas amid booming demand

Evergy to build natural gas power plants in Kansas amid booming demand Oct 21 (Reuters) - Evergy EVRG.O will build two 705 megawatt natural gas power plants in Kansas to meet an expected spike in electricity demand, the U.S. utility firm said on Monday. Utilities across the country are ramping up investments in their infrastructure ahead of a projected surge in power demand by the end of the decade, driven by artificial intelligence data centers and a growing number of consumers.
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Murdoch's Dow Jones, New York Post sue Perplexity AI for 'illegal' copying of content

UPDATE 3-Murdoch's Dow Jones, New York Post sue Perplexity AI for 'illegal' copying of content Lawsuit claims Perplexity AI engages in illegal copying of copyrighted work Perplexity's AI allegedly substitutes original news sources, harming publishers News Corp-owned publishers among those suing AI firms for copyright infringement Adds further detail from lawsuit By Dawn Chmielewski and Katie Paul Oct 21 (Reuters) - Media baron Rupert Murdoch's Dow Jones and New York Post filed a lawsuit against
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Wall St muted as investors pause ahead of big corporate earnings

US STOCKS-Wall St muted as investors pause ahead of big corporate earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Boeing gains after offering new wage deal Humana climbs after report Cigna resumes merger talks 114 S&P 500 companies to report results this week Indexes: Dow down 0.21%, S&P 500 down 0.07%, Nasdaq up 0.01% Updated at 09:45 a.m.
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Honeywell partners with Google to integrate data with generative AI

Honeywell partners with Google to integrate data with generative AI Oct 21 (Reuters) - Honeywell HON.O has signed a deal with Google GOOGL.O to connect artificial intelligence technology with its industrial data, both companies said on Monday, with a view to offer streamlined autonomous operations for its customers. The partnership will bring together Alphabet-owned Google's Gemini - its most advanced AI technology - and Honeywell's industrial data collected through its Forge platform to automat
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AI firm Nebius, split from Russia's Yandex, gains in volatile Nasdaq debut

UPDATE 3-AI firm Nebius, split from Russia's Yandex, gains in volatile Nasdaq debut Nebius emerged after $5.4 billion deal to split Yandex's assets Shares gain, recovering from 26% slump at market opening Mostly Western investors holding 78.1% free float Nebius anticipates revenue of $500-$700 million in 2025 Updates share price By Alexander Marrow Oct 21 (Reuters) - Amsterdam-based Nebius Group NBIS.O closed 5.6% higher on Monday, recovering from huge early losses when trading for the first tim
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Honeywell Signs Deal With Google To Bring Gemini Generative Ai To Industrial Sector- CNBC

BRIEF-Honeywell Signs Deal With Google To Bring Gemini Generative Ai To Industrial Sector- CNBC Oct 21 (Reuters) - HONEYWELL SIGNS DEAL WITH GOOGLE TO BRING GEMINI GENERATIVE AI TO INDUSTRIAL SECTOR- CNBC Source: https://tinyurl.com/mv3yf369
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Italy moves to ensure Big Tech share in costs of telecom networks rollout

Italy moves to ensure Big Tech share in costs of telecom networks rollout ROME, Oct 21 (Reuters) - Italy is moving to introduce measures aimed at ensuring that Big Tech firms share the cost of developing telecoms infrastructure in the country, Industry Minister Adolfo Urso said on Monday. Telecoms companies argue that Alphabet's Google GOOGL.O , Meta's Facebook META.O , Amazon AMZN.O , Apple APPL.O and Microsoft MSFT.O should bear some of the high-speed network rollout costs because they make up
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Italian tech company Bending Spoons has eye on US for potential IPO

REFILE-Italian tech company Bending Spoons has eye on US for potential IPO Refiles to amend final bullet point Bending Spoons seen as potential candidate for IPO after string of acquisitions CEO says there are no firm plans but working to be ready Says Milan is great location but faces capital and regulatory constraints Milan bourse has seen a series of departures, delistings By Elvira Pollina MILAN, Oct 21 (Reuters) - The head of Italy's Bending Spoons says Milan is a great location for a start
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Investors expect volatile Nasdaq return for AI firm split from Russia's Yandex

Investors expect volatile Nasdaq return for AI firm split from Russia's Yandex Nebius emerged after $5.4 billion deal to split Yandex's assets High volatility expected due to 78.1% free float held by Western investors Nebius anticipates revenue growth of$500-$700 million by 2025 By Alexander Marrow Oct 21 (Reuters) - Investors in Amsterdam-based Nebius Group NBIS.O expect volatile trading on Monday when the AI infrastructure firm's Nasdaq listing, formerly held by Yandex, often dubbed "Russia's
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Take Five: Up and away

GRAPHIC-Take Five: Up and away Updates story first published on Friday. Changes reference to this weekin par 2, adds China rate cut into theme 4. Oct 21 (Reuters) - Start your electric engines, Tesla is the first of the "Magnificent Seven" to report earnings, while finance chiefs descend on Washington and markets get a taste of how business activity is holding up in October just as the U.S.
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Google granted request to pause order on Play store overhaul

UPDATE 2-Google granted request to pause order on Play store overhaul Jury last year ruled against Google in antitrust lawsuit Judge's order had embraced recommendations by Epic Games Adds comment from Epic in paragraphs 6, 7 By Mike Scarcella Oct 18 (Reuters) - A federal judge in California has granted Google's request to temporarily pause his order directing the Alphabet GOOGL.O unit to overhaul its Android app store Play by Nov.
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AI cloud firm Nebius predicts sharp growth as Nasdaq return nears

UPDATE 2-AI cloud firm Nebius predicts sharp growth as Nasdaq return nears Adds detail in paragraphs 8-11 By Alexander Marrow Oct 18 (Reuters) - AI infrastructure firm Nebius Group NBIS.O expects to make annual recurring revenue of $500 million to $1 billion in 2025, the company said on Friday before trading of its shares resumes on Nasdaq on Monday after a lengthy suspension.
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US judge grants Google request to put Play store overhaul on temporary hold

US judge grants Google request to put Play store overhaul on temporary hold Jury last year ruled against Google in antitrust suit Judge's order had embraced recommendations by Epic Games By Mike Scarcella Oct 18 (Reuters) - Google said on Friday that a federal judge in California granted its request to pause his order directing the Alphabet GOOGL.O unit to overhaul its Android app store Play by Nov.
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Meta releases AI model that can check other AI models' work

Meta releases AI model that can check other AI models' work By Katie Paul NEW YORK, Oct 18 - Facebook owner Meta META.O said on Friday it was releasing a batch of new AI models from its research division, including a "Self-Taught Evaluator" that may offer a path toward less human involvement in the AI development process. The release follows Meta's introduction of the tool in an August paper, which detailed how it relies upon the same "chain of thought" technique used by OpenAI's recently releas
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Netflix valuation is a goal stretched too far

BREAKINGVIEWS-Netflix valuation is a goal stretched too far The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to say "steam" not "stream" in first paragraph. By Jennifer Saba NEW YORK, Oct 18 (Reuters Breakingviews) - Netflix’s NFLX.O lofty valuation is headed for a reality check. The $300 billion streaming video giant reported on Thursday quarterly revenue rose 15% year-over-year and subscriber additions were better than expected.
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Take Five: Up and away

GRAPHIC-Take Five: Up and away Oct 18 (Reuters) - Start your electric engines, Tesla is the first of the "Magnificent Seven" to report earnings, while finance chiefs descend on Washington and markets get a taste of how business activity is holding up in October just as the U.S. election looms. Here's your look at what matters for markets next week from Kevin Buckland in Tokyo, Ira Iosebashvili in New York, and Naomi Rovnick, Dhara Ranasinghe and Karin Strohecker in London.
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Amazon AWS CEO: Quit if you don't want to return to office

UPDATE 2-Amazon AWS CEO: Quit if you don't want to return to office Adds additional comment from Garman in paragraph 5 By Greg Bensinger Oct 17 (Reuters) - One of Amazon's AMZN.O top executives defended the new, controversial 5-day-per-week in-office policy on Thursday, saying those who do not support it can leave for another company. Speaking at an all-hands meeting for AWS, unit CEO Matt Garman said nine out of 10 workers he has spoken with support the new policy, which takes effect in January
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Amazon AWS CEO: Quit if you don't want to return to office

Amazon AWS CEO: Quit if you don't want to return to office By Greg Bensinger Oct 17 (Reuters) - One of Amazon's AMZN.O top executives defended the new, controversial 5-day-per-week in-office policy on Thursday, saying those who don't support it can leave for another company. Speaking at an all-hands meeting for AWS, unit CEO Matt Garman said nine out of 10 workers he has spoken with support the new policy, which takes effect in January, according to a transcript reviewed by Reuters.
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Nebius set to resume Nasdaq trading after completing split from Russia’s Yandex

UPDATE 2-Nebius set to resume Nasdaq trading after completing split from Russia’s Yandex Adds background in paragraph 6-11 Oct 17 (Reuters) - AI infrastructure firm Nebius Group NBIS.O said on Thursday its shares will resume Nasdaq trading on Monday after being halted following Russia's February 2022 invasion of Ukraine. At that time, the stock traded under the YNDX.O ticker of Russian internet giant Yandex through its Amsterdam-based parent company.
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