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Apple's Ternus eyes engineering-led overhaul, Bloomberg News reports

Apple's Ternus eyes engineering-led overhaul, Bloomberg News reports

Sept 29 (Reuters) - Apple's new chief executive officer, John Ternus, is weighing a broad overhaul of the iPhone maker aimed at sharpening its engineering focus, introducing products more frequently and creating a leaner organization, Bloomberg News reported on Tuesday.
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Meta taps MongoDB CEO Desai to drive enterprise AI push

Meta taps MongoDB CEO Desai to drive enterprise AI push

By Harshita Mary Varghese Sept 28 (Reuters) - Meta Platforms has poached MongoDB CEO Chirantan "CJ" Desai to spearhead a new business designed to bring the social media giant's AI tools to corporate customers.
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Exclusive-Anthropic's IPO prospectus shows sweeping AI vision, surging costs

Exclusive-Anthropic's IPO prospectus shows sweeping AI vision, surging costs

By Echo Wang Sept 28 (Reuters) - Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. But the cost to get there will be staggering.
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Anthropic's path from AI startup to industry-defining IPO

Anthropic's path from AI startup to industry-defining IPO

Sept 28 (Reuters) - Anthropic's IPO prospectus, reviewed by Reuters, laid out a sweeping vision in which AI would reshape the global economy more profoundly than industrialization, electricity and the internet, as the Claude maker moved closer to what could be the first listing by a frontier AI lab.
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S&P 500 flat as higher bond yields counter tech optimism

S&P 500 flat as higher bond yields counter tech optimism

By Shashwat Chauhan and Tharuniyaa Lakshmi Sept 29 (Reuters) - The benchmark S&P 500 was flat on Tuesday, as rising government bond yields hurt risk sentiment and offset gains in AI-related stocks driven by optimism about Anthropic's plan to go public.
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Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance

Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance

By Anhata Rooprai Sept 28 (Reuters) - Nvidia boosted its share buyback authorization by a record $150 billion, eclipsing Apple's $110 billion approval in 2024, making a big bet on its own stock as intensifying AI-chip competition weighs on its performance relative to peers.
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Factbox-Anthropic IPO prospectus shows key executives and board

Factbox-Anthropic IPO prospectus shows key executives and board

Sept 28 (Reuters) - Anthropic's IPO prospectus, seen by Reuters, reveals its board and key executives at the helm of the AI giant, as it moves to beat its arch rival OpenAI to go public. 
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US stock futures inch up as yields ease, inflation report looms

US stock futures inch up as yields ease, inflation report looms

Sept 30 (Reuters) - US stock index futures were slightly higher on Wednesday as bond yields eased and some megacap and growth stocks ticked up heading into a crucial inflation report that could help shape market expectations about the Federal Reserve's rate path.
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US stock futures slip ahead of inflation report

US stock futures slip ahead of inflation report

By Shashwat Chauhan and Tharuniyaa Lakshmi Sept 30 (Reuters) - US stock index futures fell in choppy trading on Wednesday, as heavyweight technology stocks eased ahead of a key inflation report and GDP data that could help shape market expectations for the Federal Reserve's rate path.
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Wall St falls as bond yields test multi-decade highs

Wall St falls as bond yields test multi-decade highs

By Shashwat Chauhan and Tharuniyaa Lakshmi Sept 29 (Reuters) - US stocks were under pressure on Tuesday, with most sectors taking a hit as government bond yields resumed their uptrend, though gains in AI-linked stocks on optimism about Anthropic's plan to go public helped limit losses.
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Anthropic's IPO prospectus shows sweeping AI vision, surging costs

Anthropic's IPO prospectus shows sweeping AI vision, surging costs

By Echo Wang Sept 28 (Reuters) - Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. But the cost to get there will be staggering.
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Amazon Echo Show 8 (3rd Gen) Praised for Balanced Performance and Smart Home Integration

Amazon Echo Show 8 (3rd Gen) Praised for Balanced Performance and Smart Home Integration

Amazon Echo Show 8 (3rd Gen) Praised for Balanced Performance and Smart Home Integration