News
Cadence rolls out AI agent to speed circuit board, chip packaging design
10+ hour, 37+ min ago (315+ words) SAN FRANCISCO, July 15 (Reuters) – Cadence Design Systems on Wednesday launched an artificial-intelligence “super agent” that designs printed circuit boards and chip packages, extending the company’s push to automate more of the engineering process. The tool, called AuraStack, lets engineers describe…...
JPMorgan CEO Dimon says Anthropic’s Mythos AI risks are a ‘real issue’
8+ hour, 41+ min ago (250+ words) July 15 (Reuters) – JPMorgan Chase CEO Jamie Dimon said on Wednesday that risks posed by Anthropic’s Mythos AI model are a “real issue” that the U.S. government is on top of, underscoring concerns about the powerful model that have caused…...
China’s Xi to outline AI diplomacy vision at key Shanghai forum
5+ hour, 27+ min ago (618+ words) BEIJING, July 16 (Reuters) – Chinese President Xi Jinping is expected to outline an ambitious vision for China’s role in global AI governance at a forum on Friday, as Huawei showcases its most advanced AI computing cluster yet in a sign of…...
White House weighs releasing controversial intel on China and US elections, sources say
13+ hour, 27+ min ago (837+ words) By Erin Banco, Jonathan Landay and Phil Stewart WASHINGTON, July 15 (Reuters) – The White House is considering releasing sensitive intelligence related to China and its ability to interfere in U.S. elections that some Trump officials worry could be misleading, according to…...
Wall Street’s investment banking machine firing on all cylinders
17+ hour, 55+ min ago (592+ words) July 15 (Reuters) – A broad revival in investment banking is taking hold on Wall Street, fueled by a surge in IPOs, mergers and debt issuance. The biggest U.S. banks said this week that deal activity is strengthening across their investment banking…...
OpenAI’s first hardware device will be a speaker, Bloomberg News reports
1+ day, 6+ hour ago (282+ words) July 14 (Reuters) – OpenAI will launch a portable, screen-free smart speaker as its first consumer hardware product, Bloomberg News reported on Tuesday, days after Apple sued the AI startup and two former employees of the iPhone maker for trade-secret theft. Apple’s…...
Exclusive-AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk
1+ day, 9+ hour ago (334+ words) SAN FRANCISCO, July 14 (Reuters) – AI cloud computing company CoreWeave is exploring the use of financial derivatives as a potential hedge against a future drop in memory and storage chip prices, according to a person familiar with the matter. The unusual…...
UK banks’ lack of Mythos access a wake-up call, says government AI adviser
1+ day, 17+ hour ago (577+ words) LONDON, July 14 (Reuters) – UK banks’ inability to access Anthropic’s powerful AI model Mythos emphasises the urgent need for Britain to build its own AI capabilities and adopt a more strategic approach to the technology, a government-appointed banking sector adviser said....
IBM warns AI boom is squeezing software budgets; shares sink in sector rout
1+ day, 20+ hour ago (590+ words) By Harshita Mary Varghese and Rashika Singh July 14 (Reuters) – IBM said it had “faltered” in keeping pace with a shift in corporate spending from software to data-center infrastructure and forecast second-quarter earnings below estimates, the clearest sign yet of AI’s…...
Altera returns to growth as AI, robotics fuel demand, CEO says
5+ day, 14+ hour ago (398+ words) SAN FRANCISCO, July 10 (Reuters) – Altera, a maker of programmable chips spun out of Intel, is growing roughly 20% a year and more than doubling operating income as it prepares for an eventual public listing, Chief Executive Raghib Hussain told Reuters in…...