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HSBC bans customers from buying bitcoin-backer MicroStrategy shares

By Tom Wilson LONDON (Reuters) - HSBC has banned customers of its online share-trading platform from buying or moving into their accounts MicroStrategy Inc stock, a message seen by Reuters showed, calling it a "virtual currency product". The bank will not facilitate the buying or exchange of products related to or...

Nvidia to directly challenge Intel with Arm-based 'Grace' server chip

By Stephen Nellis (Reuters) - Nvidia Corp on Monday said it plans to make a server processor chip based on technology from the United Kingdom's Arm Ltd, putting it in the most direct competition yet with rival Intel Corp and adding a layer of complexity to the antitrust review of Nvidia's $40 billion deal to buy Arm. ...

Tesla rallies after Canaccord upgrades rating, says it is like Apple

By Noel Randewich (Reuters) - Shares of Tesla climbed 3% on Monday after Canaccord Genuity raised its rating on the electric car maker to "buy" and compared its brand to Apple. Canaccord Genuity analyst Jed Dorsheimer upgraded Tesla to "buy" from "hold" and increased his price target to $1,071, the second highest among...

Intel's Mobileye teams with startup Udelv on automated delivery

By Paul Lienert (Reuters) - Intel Corp’s Mobileye has teamed with four-year-old Silicon Valley startup Udelv in an effort to put automated electric delivery vehicles into service in the United States by 2023, the companies said on Monday. Mobileye is supplying a fully automated driving system for Udelv’s new Transporter,...

Nvidia, Volvo Cars accelerate auto industry's data-processing power race

By Joseph White DETROIT (Reuters) - Volvo Cars said Monday it will use a new generation of high-powered chips from Nvidia Corp to enable more autonomous driving functions in future vehicles, starting next year. Volvo is among a crowd of new and established automakers putting digital processing power ahead of horsepower...

Microsoft to buy AI firm Nuance for $16 billion to boost healthcare business

By Chavi Mehta and Krystal Hu (Reuters) - Microsoft Corp said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications Inc for about $16 billion, as it builds out its cloud strategy for healthcare and enterprise customers. The deal comes after the companies partnered in 2019 to automate...

Exclusive: GameStop initiates search for new CEO - sources

By Svea Herbst-Bayliss (Reuters) - GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from being a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday. It would be the biggest shakeup at GameStop since Ryan Cohen, the...

Improve Data Architecture With an Operational Data Store

Businesses today face a common dilemma: How does one make sense of all gathered data and transform them into useful insights that will help in decision making? Data’s prominence in today’s business processes has made it a core element in every organization’s success. Companies should either keep up or get left behind as forward-thinking ones grab opportunities...

After sanctions, Huawei turning to businesses less reliant on high-end U.S. tech

By David Kirton SHENZHEN, China (Reuters) -Chinese telecoms equipment maker Huawei Technologies is making business resilience its top priority with a push to develop its software capabilities as it seeks to overcome U.S. restrictions that have devastated its smartphone business. Huawei was put on an export blacklist by...

General Motors' Cruise unit signals progress with Dubai deal

DETROIT (Reuters) - General Motors Co's majority owned Cruise self-driving car subsidiary said on Monday it plans to begin deploying its robotaxis in Dubai beginning in 2023, in a deal that signals the company is more confident about launching its first commercial service in San Francisco before then. Dubai's Road and Transit Authority...

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