Lead Crafts Media Team.

March 13 (Reuters) – Adobe’s battered shares fell another 6% on Friday as news that the Photoshop maker’s long-time CEO would step down cast fresh doubts over its strategy to battle mounting AI competition.   Shantanu Narayen is credited ‌with crafting the modern Adobe (ADBE.O), opens new tab by turning its creative tools into a subscription service […]

March 13 (Reuters) – Adobe (ADBE.O), opens new tab said on Friday it ‌will pay $75 million to resolve a U.S. government lawsuit accusing the Photoshop and Acrobat maker of harming consumers by concealing hefty termination fees and making it difficult to cancel subscriptions.   The San Jose, California-based company said it will also provide $75 million

March 7 (Reuters) – Caitlin Kalinowski, head of robotics and consumer hardware at OpenAI, announced her resignation on Saturday, citing ​concerns about the company’s agreement with the Department ‌of Defense. In a social media post on X, Kalinowski wrote that OpenAI did not take enough time before agreeing to deploy its AI models ​on the Pentagon’s classified cloud

BEIJING, March 7 (Reuters) – China’s commerce ministry on Saturday raised the possibility of ‌another global semiconductor supply chain crisis due to “new conflicts” between Dutch chipmaker Nexperia and its Chinese subsidiary. Production across the global auto industry was disrupted in October when Beijing imposed export controls on Chinese-made Nexperia ​chips after The Hague seized the company from its Chinese parent Wingtech (600745.SS),

Feb 27 (Reuters) – OpenAI said on Friday it is raising $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840 billion, in a deal that signals the feverish pace of investment in artificial intelligence. The funding round includes a $30 billion investment from SoftBank, $30 billion from Nvidia (NVDA.O), opens new

Feb 27 (Reuters) – Netflix jumped more than 9% premarket on Friday as investors cheered its decision to exit the fight for Warner Bros Discovery, while Paramount rose about 10% on winning the race for some of the world’s most prized TV and film assets. The end of the months-long bidding war put the focus back on the

Feb 18 (Reuters) – Indian data centre company Yotta Data Services said on Wednesday it will build one of Asia’s largest AI computing hubs using Nvidia’s (NVDA.O), opens new tab latest Blackwell Ultra chips, in a project costing more than $2 billion. The project includes a four-year engagement worth over $1 billion under which Nvidia will establish one

Feb 18 (Reuters) – Microsoft (MSFT.O), opens new tab on Wednesday said it is on pace to invest $50 billion by the end of the decade to help expand AI to countries across the ‘Global South’. The announcement was made at the AI summit in New Delhi, where top executives from global AI giants meet several world leaders this

SINGAPORE/HONG KONG, Feb 13 (Reuters) – ByteDance is in advanced talks to sell Shanghai Moonton Technology, the studio behind the popular mobile game Mobile Legends: Bang Bang, to Saudi Arabia’s Savvy Games Group in a deal valued at between $6 billion and $7 billion, sources said. A deal could be sealed as soon as this quarter,

WASHINGTON, Feb 13 (Reuters) – The U.S. withdrew an updated list of Chinese firms allegedly aiding Beijing’s military shortly after it was posted earlier on Friday with the addition of some of China’s biggest companies, including Alibaba (9988.HK), opens new tab and Baidu (9888.HK), opens new tab. The link to the U.S. government’s Federal Register where the Pentagon’s 1260H