Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Most companies suffer some risk-related financial loss deploying AI, EY survey shows
AMSTERDAM (Reuters) -Nearly every large company to have introduced AI has incurred some initial financial loss, an EY survey published on Wednesday said, often due to compliance failures, flawed outpu...
Thomson Reuters Oct 08, 2025
EU rolls out $1.1 billion plan to ramp up AI in key industries amid sovereignty drive
By Foo Yun Chee and Inti Landauro BRUSSELS (Reuters) -The European Commission on Wednesday announced a 1-billion-euro ($1.1 billion) plan to ramp up the use of artificial intelligence in key industrie...
Thomson Reuters Oct 08, 2025
Germany's Helsing to acquire Australian underwater drone maker
BERLIN (Reuters) -Germany's Helsing will acquire Australian underwater drone maker Blue Ocean, the defence startup said on Wednesday, as it looks to expand its AI-powered autonomous systems in the mar...
Thomson Reuters Oct 08, 2025
UK's Vertu Motors sees up to $7.4 million hit from JLR cyberattack
(Reuters) -British car dealer Vertu Motors on Wednesday warned of a hit of up to 5.5 million pounds ($7.4 million) to annual profit from disruptions due to a cybersecurity incident at Jaguar Land Rove...
Thomson Reuters Oct 08, 2025
Amazon to invest $1.16 billion in Belgium by 2027, L'Echo reports
BRUSSELS (Reuters) -U.S. tech giant Amazon plans to invest 1 billion euros ($1.16 billion) in Belgium from 2025 to 2027, newspaper L'Echo reported on Wednesday. The company said it will develop infras...
Thomson Reuters Oct 08, 2025
UK's Revolut to launch India payments platform, eyes 20 million users by 2030
MUMBAI (Reuters) -London-based digital finance firm Revolut said on Wednesday it will launch its payment platform in India, its first foray into one of the world's largest digital payments markets, as...
Thomson Reuters Oct 08, 2025
ABB to sell robots business to SoftBank in $5.38 billion deal
ZURICH (Reuters) -Swiss engineering group ABB on Wednesday said it has agreed to sell its robotics business to SoftBank Group in a deal that values the business at $5.38 billion. The deal means ABB ha...
Thomson Reuters Oct 08, 2025
Honda's grip on Vietnam motorbike market looks shaky on EV switch
By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) -Honda's dominance of Vietnam's motorbike market is under threat as Hanoi pushes for a rapid switch to electric vehicles in a boost to local EV...
Thomson Reuters Oct 07, 2025
OpenAI, Anthropic eye investor funds to settle AI lawsuits, FT reports
(Reuters) -OpenAI and Anthropic are exploring the use of investor funds to settle potential multibillion-dollar lawsuits, the Financial Times reported on Wednesday. Copyright owners have launched a se...
Thomson Reuters Oct 07, 2025
Exclusive-Data streaming software maker Confluent explores sale, sources say
By Milana Vinn (Reuters) -Confluent is exploring a sale after attracting acquisition interest, according to three people familiar with the matter, the latest data infrastructure company to draw suitor...
Thomson Reuters Oct 07, 2025
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