Science and Tech

Nebius powers past estimates as customers race to secure AI computing power

Nebius powers past estimates as customers race to secure AI computing power

By Rashika Singh Aug 12 (Reuters) - Nebius beat quarterly revenue estimates on Wednesday as booming demand for AI infrastructure…

August 12, 2026

Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short

BEIJING, Aug 12 (Reuters) - Tencent Holdings reported an 11% rise in second-quarter revenue on Wednesday, driven by strong advertising…

August 12, 2026

CoreWeave, Super Micro climb on signs of sustained AI buildout

By Akriti Shah Aug 12 (Reuters) - Shares of CoreWeave and Super Micro Computer climbed on Wednesday after upbeat forecasts…

August 12, 2026

AI code review platform CodeRabbit valued at $1.5 billion in latest funding round

Aug 12 (Reuters) - AI code review startup CodeRabbit said on Wednesday it had raised $143 million in a funding…

August 12, 2026

Australia to make tech companies pay more outlets for content under reworked media law

SYDNEY, Aug 12 (Reuters) - Australia will raise the number of deals large tech firms must strike with local news…

August 12, 2026

Goldman Sachs to buy ETF provider NEOS in $2.3 billion deal

Aug 12 (Reuters) - Goldman Sachs will acquire exchange-traded funds provider NEOS Investments for as much as $2.25 billion, the…

August 12, 2026

Nebius beats quarterly revenue estimates as AI demand fuels growth

Aug 12 (Reuters) - Nebius Group surpassed second-quarter revenue estimates on Wednesday as booming demand for AI infrastructure and cloud…

August 12, 2026

German advocacy group lodges criminal complaint over Meta AI glasses

FRANKFURT, Aug 12 (Reuters) - A German advocacy group has filed a criminal complaint against Meta and other companies selling…

August 12, 2026

German advocacy group lodges criminal complaint over Meta AI glasses

FRANKFURT, Aug 12 (Reuters) - A German advocacy group has filed a criminal complaint against Meta and other companies selling…

August 12, 2026

Meta, 29 states head to court in biggest test yet of youth social media litigation

By Diana Novak Jones Aug 12 (Reuters) - Meta Platforms will face a coalition of state attorneys general in a…

August 12, 2026