Exclusive-Walt Disney forms business unit to coordinate use of AI, augmented reality
By Dawn Chmielewski and Katie Paul (Reuters) -Walt Disney is forming a new group to coordinate the company’s use of…
Category: Business
Exxon, Chevron top Q3 profit expectations as US oil output hits record high
By Shariq Khan NEW YORK (Reuters) -U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming…
Apple to invest up to $1.5 billion in Globalstar for satellite coverage expansion
(Reuters) – Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services,…
Google brings AI answers to map applications
By Kenrick Cai (Reuters) – Alphabet’s Google on Thursday announced a set of features that incorporated Gemini, its artificial intelligence…
Mastercard’s profit beats estimates on resilient consumer spending
(Reuters) -Payments processor Mastercard reported a better-than-expected profit for the third quarter on Thursday, as customers encouraged by economic stability…
Eli Lilly’s weight-loss drug misses Wall Street expectations, shares tumble
(Reuters) -Eli Lilly missed Wall Street estimates for its popular weight-loss and diabetes drugs on Wednesday, hit by a decrease…
Alphabet says Spotify, Paramount sign to use new cloud chip
By Stephen Nellis (Reuters) – Google Cloud, a unit of Alphabet Inc, said on Wednesday that Spotify Technology and Paramount…
PepsiCo, retailers share purchase data to improve sales forecasting, exec says
By Richa Naidu and Jessica DiNapoli AMSTERDAM/NEW YORK (Reuters) – PepsiCo, which is overhauling some of its top brands like…
Pfizer profit up on COVID treatment sales as it faces activist pressure
By Michael Erman and Bhanvi Satija (Reuters) -Pfizer reported higher-than-expected profit on Tuesday due to strong sales of COVID-19 treatment…
Exclusive-OpenAI builds first chip with Broadcom and TSMC, scales back foundry ambition
By Krystal Hu, Fanny Potkin and Stephen Nellis (Reuters) – OpenAI is working with Broadcom and TSMC to build its…