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Ampere Computing pairs with Qualcomm on AI, unveils new chip May 16, 2024 11:03AM

By Stephen Nellis and Max A. Cherney

(Reuters) - Ampere Computing on Thursday said it was pairing its chips with those from Qualcomm in a new offering aimed at lowering the power bills from operating artificial intelligence chips.

Founded by Renee James, a former president of Intel, Ampere uses technology from Arm Holdings to make central processing chips that are used by Oracle, Alphabet's Google and others. The startup has focused on... (continue reading...)


Suspect in attack on Slovak PM showed no signs of extremism, neighbours say May 16, 2024 11:03AM

By Boldizsar Gyori, Karol Badohal and Jan Lopatka

LEVICE, Slovakia (Reuters) - A 71-year-old former security guard charged on Thursday with the attempted murder of Slovak Prime Minister Robert Fico is the author of three collections of poetry who neighbours said had shown no sign of political extremism.

Fico, 59, was shot as he greeted supporters in the small town of Handlova, in central Slovakia, and underwent hours of surgery. A... (continue reading...)


Dow hits 40,000 on earnings boost, rate cut bets: Instant View May 16, 2024 10:56AM

NEW YORK (Reuters - The Dow Jones Industrial Average surpassed 40,000 points for the first time on Thursday, the blue-chip index's fastest 10,000 point-climb, powered by strong quarterly results and rising bets of interest rate cuts by the Federal Reserve.

MARKET REACTION:

STOCKS: The Dow was last up 0.3% at 40,025.6. The S&P and Nasdaq were up as well.BONDS: U.S. 10-year yields were flat at 4.357%FOREX: The dollar index was last up... (continue reading...)


Russia declares independent news outlet SOTA an 'undesirable' organisation May 16, 2024 10:45AM

LONDON (Reuters) - Russian prosecutors on Thursday labelled the independent media outlet SOTA an "undesirable" organisation, in what amounts to ban of its work in the country.

The designation, which Moscow has handed to a host of Russian independent media as well as Western nonprofits, could put anyone working for the outlet or sharing its content online at risk of punishment by authorities.

SOTA is known for its coverage of anti-Kremlin... (continue reading...)


Exclusive-Vercel completes $250 million Series E round at $3.25 billion valuation May 16, 2024 10:41AM

By Anna Tong

(Reuters) - Vercel, a software startup that provides a platform for building cloud-based web applications, on Thursday said it has raised $250 million in a Series E funding round that values the company at $3.25 billion.

The round was led by Accel with participation from existing investors CRV, GV, Notable Capital, Bedrock, Geodesic Capital, Tiger Global, 8VC and SV Angel, the startup said.

Vercel said it... (continue reading...)


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