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UK pledges regulatory overhaul in bid to lure wary investors

UPDATE 3-UK pledges regulatory overhaul in bid to lure wary investors Adds details PM Starmer hosts London investment summit Regulation to be reviewed in growth push Summit expected to draw tens of billions of pounds Concerns remain over debt-laden public finances and potential tax hikes By Alistair Smout, William James LONDON, Oct 14 (Reuters) - British Prime Minister Keir Starmer promised on Monday to scrap regulation that holds back economic growth as he hosted some of the world's biggest bus
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UK pledges regulatory overhaul in bid to lure wary investors

UPDATE 3-UK pledges regulatory overhaul in bid to lure wary investors Adds details PM Starmer hosts London investment summit Regulation to be reviewed in growth push Summit expected to draw tens of billions of pounds Concerns remain over debt-laden public finances and potential tax hikes By Alistair Smout, William James LONDON, Oct 14 (Reuters) - British Prime Minister Keir Starmer promised on Monday to scrap regulation that holds back economic growth as he hosted some of the world's biggest bus
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UK promises regulation overhaul in bid to court wary investors

UK promises regulation overhaul in bid to court wary investors LONDON, Oct 14 (Reuters) - Britain on Monday asked its antitrust regulator to make growth and investment a priority as the government sought to woo some of the world's biggest businesses at a conference in London, in search of deals to help boost the sluggish economy. Prime Minister Keir Starmer won power in July pledging to reinvigorate run-down public services and infrastructure by ending an era of instability under the previous go
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DNA testing company Nebula accused of violating privacy in US lawsuit

DNA testing company Nebula accused of violating privacy in US lawsuit By Mike Scarcella Oct 11 (Reuters) - DNA testing company Nebula Genomics is facing a proposed federal class action in Chicago for allegedly violating an Illinois state law that restricts the collection and disclosure of personal genetic information. The lawsuit was filed by an Illinois resident on Thursday against the gene testing company and Meta, Microsoft and Google, claiming Nebula's collection and sharing of genetic infor
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What Masayoshi Son can teach us about investing

RPT-BREAKINGVIEWS-What Masayoshi Son can teach us about investing The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Felix Martin LONDON, Oct 11 (Reuters Breakingviews) - When OpenAI raised $6.6 billion of fresh capital last week , the pioneering artificial intelligence startup’s implied $157 billion valuation was the headline-grabbing news.
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What Masayoshi Son can teach us about investing

BREAKINGVIEWS-What Masayoshi Son can teach us about investing The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Felix Martin LONDON, Oct 11 (Reuters Breakingviews) - When OpenAI raised $6.6 billion of fresh capital last week , the pioneering artificial intelligence startup’s implied $157 billion valuation was the headline-grabbing news.
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Microsoft 365 On Users In Europe Facing Outlook Crashing Says It Declared The Incident Mitigated - X Post

BRIEF-Microsoft 365 On Users In Europe Facing Outlook Crashing Says It Declared The Incident Mitigated - X Post Oct 10 (Reuters) - Microsoft Corp MSFT.O : MICROSOFT 365 ON EUROPE OUTLOOK CRASH: DECLARED THE INCIDENT MITIGATED - X POST Source text: https://tinyurl.com/yj4pukhr Further company coverage: MSFT.O
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Big Tech proposes power-rate terms in Ohio data-center fight

UPDATE 1-Big Tech proposes power-rate terms in Ohio data-center fight Adds broader context about the regulatory fight and details about the proposal throughout NEW YORK, Oct 10 (Reuters) - Microsoft MSFT.O , Alphabet GOOGL.O , Meta META.O , Amazon AMZN.O , along with other companies, have proposed an alternative framework for how data centers pay for power in Ohio, according to documents filed with regulators on Thursday.
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S&P 500 earnings to put investor focus on tech, AI

PREVIEW-S&P 500 earnings to put investor focus on tech, AI Tech and communication services sectors forecast strongest growth Investors hope earnings justify high stock prices Concerns over consumer health and impact of oil prices Technology sector earnings in aggregate expected up 15.4% from year-ago quarter Updates to add graphic By Caroline Valetkevitch NEW YORK, Oct 10 (Reuters) - Investors will be looking for evidence that investment in artificial intelligence among S&P 500 companies is begi
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Big Tech proposes power-rate terms in Ohio data-center fight

Big Tech proposes power-rate terms in Ohio data-center fight NEW YORK, Oct 10 (Reuters) - Microsoft MSFT.O , Alphabet GOOGL.O , Meta META.O , Amazon AMZN.O and other tech firms have proposed an alternative framework for how data centers pay for power in Ohio, according to documents filed with regulators on Thursday. The companies had been fighting a proposal brought by utility AEP Ohio in May that would require data centers and cryptocurrency miners to provide pre-payments and other financial as
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Healthcare startup Suki raises $70 million to build AI assistants for hospitals

UPDATE 1-Healthcare startup Suki raises $70 million to build AI assistants for hospitals Adds detail on customers in paragraph 6 Update with details on healthcare partnership in paragraph 6 By Krystal Hu Oct 10 (Reuters) - Suki , a startup that offers to build artificial intelligence (AI) assistants in healthcare, has raised $70 million in a Series D round, the company told Reuters, as investors place bets on the adoption of generative AI-powered applications in the sector.
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AMD sees next AI chip in mass production later this year

UPDATE 6-AMD sees next AI chip in mass production later this year Adds CEO comments, background, updates shares, paragraphs 2-3 and 11-12 AMD's MI325X AI chip to start mass production in Q4 2024 Next-gen MI350 series chips to release in H2 2025 with improved performance New server and PC chips unveiled based on Zen 5 architecture Shares fall nearly 5% By Max A.
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Google’s EMEA boss to leave company after a decade in post

Google’s EMEA boss to leave company after a decade in post By Martin Coulter LONDON, Oct 10 (Reuters) - The man charged with overseeing Google’s GOOGL.O operations in Europe, the Middle East, and Asia has stepped down after a decade in post. Matt Brittin first joined the tech giant as head of UK and Ireland operations in 2007, before rising through the ranks to become vice president of northern and central Europe, and then EMEA president in 2014. Prior to his time at Google, Brittin spent se
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Brazil suggests reform to tighten antitrust regulation for big techs

Brazil suggests reform to tighten antitrust regulation for big techs BRASILIA, Oct 10 (Reuters) - Brazil's government on Thursday recommended a reform to its competition law that would allow antitrust authority CADE to designate certain digital platforms as systemically relevant, subjecting them to new obligations if necessary. WHY IT'S IMPORTANT Brazil's Finance Ministry says that local legislation needs to be equipped with more tools to address a new reality where big tech firms, due to their
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S&P 500 earnings to put investor focus on tech, AI

PREVIEW -S&P 500 earnings to put investor focus on tech, AI Tech and communication services sectors forecast strongest growth Investors hope earnings justify high stock prices Concerns over consumer health and impact of oil prices Technology sector earnings in aggregate expected up 15.4% from year-ago quarter By Caroline Valetkevitch NEW YORK, Oct 10 (Reuters) - Investors will be looking for evidence that investment in artificial intelligence among S&P 500 companies is beginning to pay off as th
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Musk's X to dodge requirements of landmark EU tech rules, sources say

EXCLUSIVE-Musk's X to dodge requirements of landmark EU tech rules, sources say Adds the European Commission declines comment, details By Foo Yun Chee BRUSSELS, Oct 10 (Reuters) - Elon Musk's X will not be designated as a gatekeeper under landmark EU tech rules known as the Digital Markets Act which would have subjected it to an onerous list of obligations, people with direct knowledge of the matter said on Thursday.
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Delta warns of revenue hit from US presidential election

UPDATE 5-Delta warns of revenue hit from US presidential election US election is seen limiting travel bookings for two weeks Delta's bookings are projected to rebound thereafter Company expects record Q4 profit on improved pricing, strong holiday bookings Updates share price, comments from earnings call, paragraphs 5-7 By Rajesh Kumar Singh CHICAGO, Oct 10 (Reuters) - Delta Air Lines DAL.N on Thursday warned of a hit to its fourth-quarter revenue, saying consumers want to be home around the upco
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Delta forecasts record fourth quarter profit on improved pricing, strong holiday bookings

Delta forecasts record fourth quarter profit on improved pricing, strong holiday bookings By Rajesh Kumar Singh CHICAGO, Oct 10 (Reuters) - Delta Air Lines DAL.N on Thursday said the current quarter is shaping up to be one of the most profitable fourth quarters in its history, thanks to improved pricing power as well as strong holiday travel bookings.
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Polenergia Enters Development Programme With Brookfield Power US Holding America And Microsoft Corporation

BRIEF-Polenergia Enters Development Programme With Brookfield Power US Holding America And Microsoft Corporation Oct 10 (Reuters) - Microsoft Corp MSFT.O : ENTERS DEVELOPMENT PROGRAMME UNDER FRAMEWORK DEAL SIGNED WITH BROOKFIELD POWER US HOLDING AMERICA AND MICROSOFT CORPORATION UNDER DEAL UNIT SIGNS BACK-TO-BACK DEAL WITH BROOKFIELD BACK-TO-BACK D
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Google's Nobel prize winners stir debate over AI research

Google's Nobel prize winners stir debate over AI research AI pioneers with ties to Google shared in Nobel prizes for physics and chemistry Google faces competitive pressure and regulatory scrutiny Traditional academia struggles to compete with Big Tech in AI research By Martin Coulter LONDON, Oct 10 (Reuters) - The award this week of Nobel prizes in chemistry and physics to a small number of artificial intelligence pioneers affiliated with Google GOOGL.O has stirred debate over the company's res
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