By Martin Coulter (Reuters) -Apple is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, Bloomberg News reported on Monday, citing people familiar with the situation. The negotiations are about licensing Gemini for some new features coming to the iPhone software this year, the report said, adding that the terms or branding […]
Adobe shares fall as downbeat forecast fans worries about competition, AI efforts
(Reuters) -Adobe shares fell 12% on Friday as a lackluster quarterly forecast reinforced concerns about rising competition for the company’s creative suite including Photoshop and disappointed investors hoping for a boost from AI integration. The company expects about $440 million in net new annual recurring revenue for the digital media segment, which houses its cloud […]
US dollar rises as strong data pares back rate cut forecasts this year
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar advanced on Thursday, boosted by data showing hotter-than-expected producer prices last month and fewer people seeking unemployment claims, which suggested that the Federal Reserve could reduce the number of rate cuts this year. The dollar index, which gauges the currency against six major peers, rose in […]
Nissan could seek partnership on EVs with Honda, Japanese media say
TOKYO (Reuters) -Nissan Motor is considering seeking a business partnership with Honda Motor, TV Tokyo reported on Wednesday, while the Nikkei business daily said they could collaborate on electric vehicles. Nissan’s board of directors decided on Tuesday to consider a potential alliance with its larger Japanese rival, TV Tokyo said, citing unidentified sources. The Nikkei […]
Ge Aerospace To Invest Over $650 Million In Factories, Supply Chain In 2024
(Reuters) – GE Aerospace said on Tuesday it planned to invest over $650 million into its manufacturing plants and supply chain this year to boost its production capacity to support demand from commercial and defense clients. The company will invest nearly $450 million in 22 GE Aerospace facilities across 14 states in the United States […]
More U.S Energy Deals Likely In 2024
(Reuters) -The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon. Dealmaking is on the rise as oil and gas producers are looking to improve longevity of inventories at low cost, and focus on cash […]
Costco Wholesale Misses Revenue Estimates on Weak Discretionary Spending
By Aatrayee Chatterjee (Reuters) -Costco Wholesale fell short of Wall Street estimates for quarterly sales on Thursday due to tepid demand for higher margin goods, pulling its shares down 5% in extended trading. With elevated day-to-day costs hammering household budgets, customers have kept a tight lid on their spending, particularly for big-ticket non-essential purchases such […]
Amplifon Sees U.S. Demand Lifting Revenue Growth in 2024
(Reuters) – Italian hearing aid maker Amplifon expects high-single-digit growth in 2024 revenues at constant exchange rates, as its market expands in the United States and stabilises in Europe, it said on Thursday. The group in January bought 50 shops of its Miracle-Ear business from a franchisee in the U.S., aiming to strengthen its presence […]
Newsletter
Apple in talks to let Google’s Gemini power iPhone AI features, Bloomberg News says
March 18, 2024
By Martin Coulter (Reuters) -Apple is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, Bloomberg News reported on Monday, citing people familiar with the situation. The negotiations are about licensing Gemini for some new features coming to the iPhone software this year, the report said, adding that the terms or branding […]
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