Exclusive-Former Cruise CEO Vogt’s robotics startup valued at $2 billion in new funding, sources say

By Anna Tong, Krystal Hu and Kenrick Cai (Reuters) – Kyle Vogt, former CEO of self-driving car company Cruise, has raised $150 million in a new funding round led by Greenoaks for his robotics startup The Bot Company, valuing the firm launched less than a year ago at $2 billion, sources told Reuters.  This capital injection follows a previous $150 million raised from investors such as Spark Capital and former GitHub CEO Nat Friedman that … Read more…

Tariffs, Inflation….Turmoil by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) Consumers Sentiment Sinks… The University of Michigan Consumer Sentiment Survey, conducted by Janet Hsu, revealed many concerns. Government job eliminations, lingering wars, and immigration back-lashes, and ..tariffs have saddled the U.S. Consumer. The latest University of Michigan survey released mid-March was drastically lower, dropping 11% to 57.9% [last month was 64.7%] falling steadily since President Trump was elected. Recession concerns are on the rise as “soft-landing talk” has pretty … Read more…

Elon Musk calls for prosecutions of Pentagon staff who leaked to the New York Times

By Nandita Bose WASHINGTON (Reuters) -Elon Musk said Pentagon staff who spoke to reporters at the New York Times should be prosecuted, after the newspaper reported the billionaire was due to be briefed about the U.S. military’s plan for any war that might break out with China. “The New York Times is pure propaganda,” Musk said in a post on his social media platform X on Friday. “Also, I look forward to the prosecutions of … Read more…

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Nvidia to open quantum computing lab, CEO says

By Stephen Nellis SAN JOSE, California (Reuters) -Nvidia will open a quantum computing research lab in Boston, where it plans to collaborate with scientists from Harvard University and the Massachusetts Institute of Technology, CEO Jensen Huang said on Thursday. Huang made the announcement at Nvidia’s annual software developer conference in San Jose, California, where Nvidia held a day of events focused on quantum computing. Nvidia added the program after Huang in January said useful quantum computers … Read more…

Eli Lilly launches weight-loss drug Mounjaro in India, beats Novo Nordisk to major market

By Rishika Sadam HYDERABAD (Reuters) -Eli Lilly launched its blockbuster diabetes and weight-loss drug Mounjaro in India on Thursday, beating rival Novo Nordisk for a much-awaited entry into the world’s most populous country grappling with increasing rates of obesity and diabetes. U.S.-based Lilly and Danish Novo Nordisk have seen skyrocketing global demand for their innovative weight-loss drugs, with investor interest also boosting the drugmakers’ valuations. Mounjaro, a once-weekly injection approved by India’s drug regulator, is … Read more…

Apple shakes up AI executive ranks in bid to turn around Siri, Bloomberg News reports

(Reuters) – Apple is shaking up its executive ranks to get its AI efforts back on track after months of delays, Bloomberg News reported on Thursday citing people familiar with the situation. Some AI improvements to voice assistant Siri will be delayed until 2026, Apple had said earlier this month without giving any reason for the delays. Mike Rockwell, vice president in charge of the Vision Products Group, will now be in charge of the … Read more…

Perplexity AI in talks to raise funds at $18 billion valuation, source says

By Jaspreet Singh and Akash Sriram (Reuters) -Perplexity AI is in talks to raise funds at an $18 billion valuation, a person familiar with the matter told Reuters on Thursday, as the Nvidia-backed startup looks to grow and capture soaring demand for its search tools. The jump in valuation doubles the previous $9 billion figure, reported by Reuters in November. Perplexity is an AI startup that provides information by searching the internet, just like ChatGPT … Read more…

Amazon loses court fight against record $812 million Luxembourg privacy fine

By Foo Yun Chee BRUSSELS (Reuters) – Amazon lost its fight against a record 746 million euro ($812.4 million) fine handed out by Luxembourg’s privacy regulator four years ago as a court sided with the watchdog, according to a statement on the regulator’s website. The Luxembourg National Commission for Data Protection (CNPD) said the country’s administrative court dismissed Amazon’s appeal in a March 18 ruling. The watchdog had penalised Amazon for processing personal data in … Read more…

Nvidia CEO says orders for 3.6 million Blackwell GPUs exclude Meta

(Reuters) -Nvidia CEO Jensen Huang said on Wednesday that orders for some 3.6 million of its flagship “Blackwell” chips from four top cloud service providers “under represented” demand, since they did not include orders from key customer Meta. Facebook-owner Meta Platforms is among the largest buyers of Nvidia chips and Mark Zuckerberg, CEO of the social media giant, said early last year the company planned to use Blackwell chips to train the company’s open-source large … Read more…

Argentina IMF loan plan gets Congress’ approval, paving way for deal

By Nicolás Misculin BUENOS AIRES (Reuters) -Argentina’s lower house on Wednesday gave its stamp of approval for the government to kick off talks with the International Monetary Fund (IMF), a key hurdle for the program the country needs to get its finances in order. The lower Chamber of Deputies, in a divided vote, passed a decree issued by President Javier Milei’s government earlier this month that supported a new IMF program. Congress could have blocked … Read more…

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