By Kane Wu and Scott Murdoch HONG KONG (Reuters) -Chinese artificial intelligence startup SenseTime Group is discussing the fate of its planned $767 million Hong Kong initial public offering (IPO) with the city's stock exchange on Friday, two people with direct knowledge of the matter said. The move comes after the Financial Times reported on Thursday that the United States … [Read more...] about China’s SenseTime discussing fate of $767 million Hong Kong IPO with exchange -sources
Tesla’s Musk says he is ‘thinking of’ quitting his jobs
(Reuters) - Tesla Inc Chief Executive Officer Elon Musk is "thinking of" leaving his jobs and becoming an influencer, the world's richest man tweeted on Thursday. "thinking of quitting my jobs & becoming an influencer full-time wdyt," Musk said in the tweet, without elaborating. It was not immediately clear if Musk, a prolific user of the social media platform, was … [Read more...] about Tesla’s Musk says he is ‘thinking of’ quitting his jobs
U.S. chip subsidies will support design activities -U.S. Commerce official
By Stephen Nellis (Reuters) - A $52 billion bill aimed at bolstering the U.S. semiconductor industry will include funding for chip design activities, a U.S. commerce department official told Reuters, addressing concerns the funds would mostly support manufacturing. The CHIPS Act, which passed the Senate as part of a larger package of funding in June, is meant to reverse a … [Read more...] about U.S. chip subsidies will support design activities -U.S. Commerce official
Ford caps F-150 Lightning orders at 200,000 – CEO Farley
(Reuters) - Ford Motor has stopped taking reservations for the upcoming F-150 Lightning electric pickup, Chief Executive Jim Farley told CNBC host Jim Cramer on Thursday. Farley said F-150 Lightning orders were capped at 200,000: "We had to stop taking reservations because we had so many." He said Ford originally installed production capacity for 70,000-80,000 Lightnings a … [Read more...] about Ford caps F-150 Lightning orders at 200,000 – CEO Farley
Oracle forecasts upbeat third quarter as IT spending rebounds
By Akash Sriram (Reuters) - Enterprise software maker Oracle Corp forecast current-quarter profit and revenue above market estimates on Thursday after posting upbeat results for the second quarter, helped by higher tech spending from businesses looking to support hybrid work. As the pandemic pushed more companies to shift to a hybrid work model, spending on cloud technology … [Read more...] about Oracle forecasts upbeat third quarter as IT spending rebounds
