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US Labor Department investigating Nvidia, Amazon-backed startup Scale AI

(Reuters) - The U.S. Department of Labor is investigating Scale AI, a data labeling startup backed by tech giants Nvidia, Amazon and Meta, for its compliance with the Fair Labor Standards Act, the

Broadcom’s strong forecast eases demand worries for AI chips, shares surge 16%

By Zaheer Kachwala and Max A. Cherney (Reuters) -Broadcom forecast second-quarter revenue above Wall Street expectations on Thursday due to strong demand for its custom artificial intelligence chips

Broadcom forecasts strong second quarter on upbeat AI chip demand

By Zaheer Kachwala (Reuters) - Broadcom forecast second-quarter revenue above Wall Street expectations on strong demand for its custom artificial intelligence chips from companies processing big data,

Hewlett Packard Enterprise to cut 5% of workforce in cost-saving push

(Reuters) -Hewlett Packard Enterprise said on Thursday it would lay off 5% of its workforce, or over 2,500 employees globally, as part of a cost-saving program and forecast its second-quarter revenue

Hewlett Packard Enterprise to cut jobs, forecast downbeat quarterly revenue

(Reuters) -Hewlett Packard Enterprise said on Thursday it would cut jobs as part of a cost-saving program and forecast its second-quarter revenue below Wall Street estimates. Shares of the company

Broadcom forecasts second-quarter revenue above estimates

(Reuters) - Broadcom forecast second-quarter revenue above Wall Street expectations on Thursday, bolstered by strong demand for its custom artificial intelligence chips from companies looking to

Marvell’s shares end worst day in 24 years as tepid revenue forecast reignites AI spending fears

By Arsheeya Bajwa (Reuters) -Marvell Technology's shares closed down 19.8%, marking their worst day in more than two decades and weighing on rival chipmakers' stocks on Thursday, after an in-line

Hewlett Packard Enterprise forecasts quarterly revenue below estimates

(Reuters) - Hewlett Packard Enterprise forecast second-quarter revenue below Wall Street estimates on Thursday, reflecting cautious enterprise spending amid economic uncertainty. The server maker

US House panel subpoenas Alphabet over content moderation

(Reuters) - The U.S. House Judiciary Committee subpoenaed Alphabet on Thursday seeking its communications with former President Joe Biden's administration about content moderation policies. House

Granicus’ owners explore $4 billion sale of software maker, sources say

By Milana Vinn NEW YORK (Reuters) - The private equity owners of Granicus are preparing to explore a sale of the government-services software maker that could value it at about $4 billion, including

On Camera

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

During Operation Sindoor, Pakistan likely used NATO-style aerial tactics taught by China

The Chinese are said to have hired ex-fighter pilots & air force operators from NATO countries over the past several years to help them fine-tune their operational & flying capabilities.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.