Reuters: LumApps, which makes intranet software, agrees to merge with frontline staff communication app Beekeeper in a deal valuing the combined entity at about $1.1B — A merger between French business software provider LumApps and its Swiss peer Beekeeper will create a new unicorn worth about $1.1 billion, the two companies said.
Foo Yun Chee / Reuters: Doc: UK's Independent Publishers Alliance files an antitrust complaint with EU and the UK CMA against Google, alleging misuse of web content for AI Overviews — Alphabet's (GOOGL.O) Google has been hit by an EU antitrust complaint over its AI Overviews from a group of independent publishers …
Foo Yun Chee / Reuters: The EU says it has no plans to pause the implementation of the AI Act, after Meta, Google, Mistral, ASML, and others urged it to delay the rules by years — The European Union's landmark rules on artificial intelligence will be implemented according to the timeline agreed by legislators and EU countries …
Reuters: Sources: JD.com and Ant are lobbying the People's Bank of China to authorize yuan-based, Hong Kong-issued stablecoins to promote the yuan and counter USD coins — China's tech giants JD.com and Alibaba affiliate Ant Group are urging the central bank to authorise yuan-based stablecoins …
Jonathan Stempel / Reuters: A US judge rules that Huawei must face criminal charges in an indictment alleging racketeering, stealing trade secrets, and bank fraud tied to Iran sanctions — A U.S. judge on Tuesday rejected Huawei Technologies' bid to dismiss most of a federal indictment accusing the Chinese telecommunications company …
Krystal Hu / Reuters: Grammarly acquires email startup Superhuman as part of a push to build an AI-powered productivity suite; Superhuman was last valued at $825M in 2021 — Grammarly has acquired email efficiency tool Superhuman as part of the company's push to build an artificial intelligence-powered productivity suite …
Foo Yun Chee / Reuters: Google warns that the DMA is hampering innovation for EU users, asks regulators for more detailed guidance and critics to provide evidence to prove their case — Alphabet's (GOOGL.O) Google will on Tuesday warn EU antitrust regulators and its critics that landmark European Union rules aimed …
Sudip Kar-Gupta / Reuters: Europol says it has dismantled a crypto investment fraud ring in Spain that laundered €460M using a global network of accomplices, and five people were arrested — A cryptocurrency investment fraud ring that investigators said laundered 460 million euros ($540 million) …
Vivek Kumar M / Reuters: Indian digital payments company Pine Labs files for an IPO in India to raise up to ~$304M; source: Pine Labs is seeking a valuation of between $5B and $6B — Indian fintech firm Pine Labs' PINL.NS initial public offering could be worth about $1 billion and the company is seeking a valuation …
Reuters: Sources: Trump is planning EOs on July 23 to help US AI growth, including easing grid access for new power projects and offering federal land for data centers — The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion …
Reuters: Sources: Shein plans to file confidentially for a Hong Kong IPO; filing confidentially remains relatively rare in Hong Kong — China-founded fast-fashion retailer Shein plans to file a draft prospectus confidentially for its Hong Kong listing, marking a rare departure from the usual practice …
Reuters: Germany's DPC says DeepSeek's app illegally transfers user data to China and asks Apple and Google to block it from their app stores in the country — Germany has taken steps towards blocking Chinese AI startup DeepSeek from the Apple (AAPL.O) and Google (GOOGL.O) app stores due to concerns …
Reuters: European Commission says Meta has proposed limited changes to its pay-or-consent ad model, and Meta faces daily fines if it determines they are not sufficient — Meta Platforms made only limited changes to its pay-or-consent model, and EU regulators cannot confirm compliance with an antitrust order.
Pritam Biswas / Reuters: Corporate travel and expense management service Navan, formerly known as TripActions, confidentially files for a US IPO; it was valued at $9.2B in October 2022 — Corporate travel and expense company Navan said on Friday it had confidentially filed for a U.S. initial public offering …
Wen-Yee Lee / Reuters: Sources: Foxconn and Nvidia are in talks to deploy humanoid robots at a new Foxconn factory in Houston by Q1 2026 to produce Nvidia AI servers — Taiwan's Foxconn (2317.TW) and U.S. artificial intelligence chips maker Nvidia (NVDA.O) are in talks to deploy humanoid robots at a new Foxconn factory …
Reuters: South Korea's SK Group and AWS will invest ~$5.1B including $4B from AWS to build a 100 MW AI data center in Ulsan by 2029, and plan to expand capacity to 1 GW — South Korea's SK Group will invest around 7 trillion won ($5.11 billion) including $4 billion from Amazon Web Services …
Reuters: China's 618 mid-year shopping festival, which ran from May 13 to June 18, ended without much fanfare despite deep discounts, as consumers have economic concerns — China's biggest mid-year shopping festival, 618, ended on Wednesday evening without much fanfare after more than a month …
DhanushVignesh Babu / Reuters: The UK CMA opens an investigation into the planned $13.25B merger of ad giants Omnicom and Interpublic to assess potential lower competition in the UK ad market — Britain's competition watchdog on Monday launched a probe into the proposed merger between advertising giants Omnicom and Interpublic …
Milana Vinn / Reuters: Dealogic: tech deals accounted for $421B of the $1.67T in global deals announced in the first five months of 2025, with 75% of tech M&A involving AI software — Weighed down by tariffs and geopolitical uncertainty, dealmaking has slowed to a crawl across most industries except one: the unglamorous world of data infrastructure.
Reuters: Sources: Google, Scale AI's largest customer, plans to cut ties with the company after the Meta deal; Microsoft, OpenAI, and xAI also plan to step back — Alphabet's (GOOGL.O) Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta (META.O) …
Reuters: Customs data shows Foxconn exported $3.2B worth of iPhones from India between March and May, with an average 97% to the US, up from a 2024 average of 50.3% — Nearly all the iPhones exported by Foxconn from India went to the United States between March and May, customs data showed …
Max A. Cherney / Reuters: Cloud computing startup Crusoe plans to buy ~$400M worth of AI chips from AMD to rent to customers for its US data center that will come online by fall — Crusoe CEO Chase Lochmiller said on Thursday the artificial intelligence data center builder planned to purchase roughly $400 million worth …
Foo Yun Chee / Reuters: Meta and TikTok challenge the EU's DSA supervisory fee, set at 0.05% of annual global net income, in the EU's General Court, arguing it is disproportionate — Meta Platforms (META.O) and TikTok said a European Union supervisory fee levied on them was disproportionate and based on a flawed methodology …
Anna Tong / Reuters: Linear, which makes software development and project planning tools that rival Atlassian's Jira, raised an $82M Series C led by Accel, valuing it at $1.25B — Enterprise software maker Linear has raised an $82 million Series C funding round valuing the startup at $1.25 billion, the company said on Tuesday.
Reuters: Sources: OpenAI plans to add Google Cloud to meet its growing needs for computing capacity, a surprising collaboration; source: the deal was finalized in May — OpenAI plans to add Alphabet's (GOOGL.O) Google cloud service to meet its growing needs for computing capacity, three sources told Reuters …
Sam Tabahriti / Reuters: Ofcom launches nine Online Safety Act investigations, including into 4chan over alleged illegal content and into seven file-sharing services over possible CSAM — Britain's media regulator Ofcom on Tuesday launched nine investigations over possible breaches of online safety laws …
Reuters: Sources: Shein and Reliance plan to expand their Indian supplier base from 150 to 1,000 and sell India-made, Shein-branded clothes globally within 12 months — Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start international sales …
Sam Tabahriti / Reuters: The UK Financial Conduct Authority partners with Nvidia to debut a Supercharged Sandbox in which financial companies can test AI tools, starting in October 2025 — Financial firms in Britain will be able to test artificial intelligence tools later this year in a regulatory “sandbox” …
Sam Tobin / Reuters: Getty's copyright lawsuit against Stability AI begins at London's High Court, accusing it of unlawfully scraping millions of images; Stability denies the claims — Getty Images' landmark copyright lawsuit against artificial intelligence company Stability AI begins at London's High Court on Monday …
Ashwin Manikandan / Reuters: Walmart's Flipkart secures a lending license from the RBI, letting the e-commerce company offer loans directly to Indian customers and sellers on its platform — Walmart's (WMT.N) Flipkart has secured a lending licence from the Indian central bank and banking regulator …
Reuters: OpenAI appeals a court order in The New York Times case requiring it to keep ChatGPT outputs indefinitely, saying it conflicts with its user privacy commitments — OpenAI is appealing an order in a copyright case brought by the New York Times that requires it to preserve ChatGPT output data indefinitely …
Munsif Vengattil / Reuters: Source: Apple expands its Tata partnership in India by assigning it the iPhone and MacBook after-sales repair business, taking over from Taiwan's Wistron — Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market …
Reuters: Didi reports Q1 revenue up 8.5% YoY to ~$7.4B, a ~$334M net income, up from a ~$194M loss YoY, transactions up 10% YoY to 3.3B, and ~$418M international revenue — Chinese ride-hailing company Didi Global reported an 8.5% rise in revenue in the first quarter of 2025 to 53.3 billion yuan …
Supantha Mukherjee / Reuters: Microsoft launches a free cybersecurity program for European governments to boost defenses against AI-enhanced threats, particularly state-sponsored attacks — Microsoft (MSFT.O) is offering free of charge to European governments a cybersecurity programme, launched on Wednesday …
Supantha Mukherjee / Reuters: Brookfield says it plans to invest ~$10B to build an AI data center in the Swedish city of Strangnas, after committing to spend €20B in France earlier in 2025 — Brookfield Asset Management (BAM.TO) plans to invest up to 95 billion Swedish crowns ($9.9 billion) to build a data centre …
Nathan Vifflin / Reuters: Nokia, Nvidia, Safran, and 40+ organizations plan to build an EU-funded unmanned drone project to protect critical infrastructure, set to launch in three years — A consortium of more than 42 organizations, led by Nokia (NOKIA.HE), will work on an unmanned drone project aimed at protecting …
Yadarisa Shabong / Reuters: UK neobank Monzo reports FY 2025 revenue up 48% YoY to £1.2B, pretax profit up 335% YoY to £60.5M, deposits up 48% YoY to £16.6B, and users up 25% YoY to 12.2M — Monzo reported revenue above 1 billion pounds ($1.35 billion) for the first time and a sharp rise in annual profit …
Reuters: Sources: Anthropic's annualized revenue hit ~$3B at the end of May, driven by business demand, up from $2B around the end of March and ~$1B in December 2024 — Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter …
Reuters: Letter: Synopsys tells staff to stop sales, services, and new orders in China to comply with new US export curbs, and pulls its annual and quarterly forecasts — Semiconductor design software firm Synopsys (SNPS.O) has told staff in China to halt services and sales in the country and stop taking …
Stephen Nellis / Reuters: The US Department of Energy says its Doudna supercomputer, due in 2026, will use Nvidia's latest Vera Rubin chips built into liquid-cooled servers by Dell — The U.S. Department of Energy on Thursday said its “Doudna” due in 2026 will use technology from Nvidia and Dell.
Priyanka G / Reuters: Marvell reports Q1 revenue up 63% YoY to $1.9B, vs. $1.88B est., data center revenue up 76% YoY to $1.44B, and forecasts Q2 revenue above est. on AI chip demand — Marvell Technology (MRVL.O) forecast second-quarter revenue above Wall Street estimates on Thursday, betting on strong demand …
Reuters: Sources: Shein is shifting its IPO plans from London to Hong Kong after failing to secure approval from Chinese regulators, and aims to file in the coming weeks — Shein is working towards a listing in Hong Kong after the online fast-fashion retailer's proposed initial public offering (IPO) …
Reuters: Global Payments says it will sell its Heartland Payroll Solutions unit, which has 50K+ clients, to Michigan-based fintech Acrisure for $1.1B, closing in H2 2025 — Global Payments (GPN.N) said on Wednesday it would sell its payroll division, Heartland Payroll Solutions …
Leo Marchandon / Reuters: Capgemini says it is partnering with SAP to deploy custom Mistral AI tools for industries with stringent data requirements, such as aerospace and defense — French IT firm Capgemini (CAPP.PA) said on Monday it was partnering with Germany's SAP (SAPG.DE) to deploy custom Mistral AI solutions for sensitive industries.
Kane Wu / Reuters: Sources: Foxconn is among potential bidders for Singapore-based semiconductor assembly and testing firm UTAC in a deal that could value the company at ~$3B — Taiwan's Foxconn (2317.TW) is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings …
Reuters: Sources: DOGE is using a customized Grok to analyze US government data, including at DHS where it has not been approved, raising security and privacy concerns — Billionaire Elon Musk's DOGE team is expanding use of his artificial intelligence chatbot Grok in the U.S. federal government to analyze data …
Reuters: Distributed Denial of Secrets: the TeleMessage hacker stole messages from 60+ US government users covering about one day ending on May 4, including travel plans — A hacker who breached the communications service used by former Trump national security adviser Mike Waltz earlier …
Reuters: Sources: Intel is considering divesting its networking and edge businesses, which generated $5.8B in 2024 revenue, to focus on PC and data center chips — Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company its new chief executive does …
Reuters: China says the US must “immediately correct its wrongdoings” and stop “discriminatory” measures, after US guidance warning companies not to use Chinese AI chips — China on Monday urged the United States to “immediately correct its wrongdoings” and stop “discriminatory” …
Reuters: Xiaomi CEO Lei Jun says on Weibo that Xiaomi invested ~$1.9B to build its Xring O1 chip and plans to invest $6.9B+ in chip design over at least the next decade — China's Xiaomi will launch its highly-anticipated YU7 electric sports utility vehicle on Thursday, as well as other products …