Ace Business Desk – Business & Markets handpicked from Reuters News Agency
- Microsoft has been pressing the Trump administration to halt plans to bar Chinese imports of a key component used in AI data centers, three people familiar with the situation said.
- Anthropic’s IPO is set to raise as much as $64.4 billion, a regulatory filing showed, in a landmark test of whether Wall Street’s faith in the AI boom outweighs concerns over its risks. Reuters exclusively reported that Anthropic and some of its investors plan to sell shares in an indicative price band of between $70 and $78 per share.
- Tesla’s move to discontinue its Cybertruck next year is perhaps the highest-profile flameout in a category that automakers had once hyped: huge electric pickups.
- China’s trade surplus surged past $1 trillion in the first 10 months as a global race to build AI infrastructure buoyed sales of high-tech products and helped offset weak domestic demand, a dynamic likely to sharpen tensions with major trading partners.
- Three contract workers have died at a Tata Electronics factory that makes parts for Apple iPhones in India’s southern Tamil Nadu state, the latest supply chain incident affecting the US company in its most critical manufacturing base after China.
- The scientist and investor Kai-Fu Lee has spent decades working on self-teaching computers. In this episode of The Big View podcast, he tells Peter Thal Larsen why most companies aren’t seeing benefits from AI, and why those that develop new applications will reap the biggest reward
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