Author: Chavi Mehta
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OpenAI tech gives Microsoft’s Bing a boost in search battle with Google
By Akash Sriram and Chavi Mehta (Reuters) – The integration of OpenAI’s technology into Microsoft-owned Bing has driven people to the little-used search engine and helped it compete better with market leader Google in page visits growth, according to data from analytics firm Similarweb. Page visits on Bing have risen 15.8% since Microsoft Corp unveiled…
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Adobe builds collaborative design muscle with $20 billion deal for Figma
By Chavi Mehta and Tiyashi Datta (Reuters) -Adobe Inc will buy startup Figma for about $20 billion in its biggest deal, the Photoshop maker said on Thursday, bulking up on applications that support online collaboration amid a global shift to hybrid working. The cash-and-stock deal will give Adobe ownership of a company whose online collaborative…
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Intel, Brookfield to invest up to $30 billion in Arizona chip factories
By Chavi Mehta and Krystal Hu (Reuters) -Intel Corp and Canada’s Brookfield Asset Management on Tuesday agreed to jointly fund up to $30 billion for the U.S. chipmaker’s leading-edge chip factories in Arizona, fueling Intel’s ambition to bring more chip production onshore without weighing on its balance sheet. Brookfield’s infrastructure affiliate will invest up to…
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Chipmaker Micron tempers forecast as demand weakness deepens
By Chavi Mehta (Reuters) -Memory-chip maker Micron Technology cut its current-quarter revenue forecast on Tuesday and warned of a negative free cash flow in the following quarter as demand for chips used in personal computers and smartphones continues to drop. Fourth-quarter revenue may come in at or below the low end of its prior forecast,…
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IBM forecasts upbeat 2022 revenue on cloud strength; flags Russia hit
By Chavi Mehta (Reuters) -IBM said on Tuesday it expects to hit the top end of its revenue growth forecast for 2022 even as it accounted for a hit of a “few hundred million dollars” from the suspension of its business in Russia. IBM expects the impact from Russia to be less than “half a…
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Musk makes $43 billion offer for Twitter to build ‘arena for free speech’
By Uday Sampath Kumar and Chavi Mehta (Reuters) – Billionaire entrepreneur Elon Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media company needs to be taken private to grow and become a platform for free speech. “I think it’s very important…