Science and Tech

Best Buy forecasts upbeat sales on steady gadgets demand, ads and marketplace growth

Best Buy forecasts upbeat sales on steady gadgets demand, ads and marketplace growth

May 28 (Reuters) - U.S. electronics retailer Best Buy forecast second-quarter sales above Wall Street expectations after beating Q1 estimates…

May 28, 2026

IBM commits $5 billion to secure open-source software

May 28 (Reuters) - IBM said on Thursday it has committed $5 billion to an initiative that will deploy engineers…

May 28, 2026

Exclusive-China works on AI token futures market, sources say, in race with US

May 28 (Reuters) - China is designing a futures market for AI tokens, sources familiar with the matter said, as…

May 28, 2026

Global firms use AI at Indian hubs to bring more ad work in-house

By Aditya Soni and Haripriya Suresh BENGALURU, May 27 (Reuters) - Global companies are using AI at their Indian hubs…

May 28, 2026

Musk says SpaceX agreed only six-month Colossus AI lease to Anthropic

May 28 (Reuters) - SpaceX CEO Elon Musk said on Thursday the IPO-bound company had only agreed to lease its…

May 28, 2026

Marvell sees custom chip revenue topping $10 billion by 2029 as AI demand grows

By Anhata Rooprai May 27 (Reuters) - Marvell Technology forecast on Wednesday its custom chip business would surpass $10 billion…

May 28, 2026

Exclusive-ByteDance developing custom CPU chips to support AI rollout, sources say

By Liam Mo and Fanny Potkin BEIJING/PARIS, May 28 (Reuters) - Chinese technology giant ByteDance is developing its own central…

May 28, 2026

Exclusive-Japan state-backed fund considering sale of chipmaking materials maker JSR, sources say

By Miho Uranaka and Sam Nussey TOKYO, May 28 (Reuters) - Japan Investment Corp (JIC), a state-backed fund, is considering…

May 28, 2026

NBA-League to use AI for objective calls, Silver says

By Rory Carroll May 27 (Reuters) - NBA Commissioner Adam Silver said the league will use AI to automate a…

May 28, 2026

Synopsys raises annual forecast on demand for AI chip design software

(Corrects paragraph 6 to indicate that Ghazi said AI tools and chip royalties are two separate initiatives to increase sales…

May 28, 2026