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☆ Aeva to supply self-driving sensors to NTT-backed May Mobility
▼ + stars: | 2023-11-08 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Sensor is seen on a vehicle at Aeva Inc, a Mountain View, California-based startup that makes lidar sensors to help self-driving vehicles see the road in an undated handout photo provided September 4, 2020. Courtesy of Aeva Inc/Handout via REUTERS/ File Photo Acquire Licensing RightsNov 8 (Reuters) - Aeva Technologies (AEVA.N) on Wednesday said it has inked a deal to supply May Mobility with a key sensor for its self-driving shuttles. Silicon Valley-based Aeva has developed what is known as a lidar sensor that helps self-driving vehicles gain a detailed, long-range view of the road. Under the deal, Aeva will supply multiple sensors for "thousands" of May Mobility vehicles through 2028, Aeva Chief Executive Officer Soroush Salehian told Reuters in an interview. He said May Mobility will need to rewrite some of its software to use the Aeva sensors but that they will eventually improve the long-range sensing of its shuttles, which are based on Toyota Sienna minivans.

Persons: Cruise, Soroush Salehian, Edwin Olson, Olson, Stephen Nellis, Mark Potter Organizations: Aeva Inc, REUTERS, Aeva Technologies, Mobility, Motors, Japan's Nippon, Telephone, NTT, Toyota, Aeva, Reuters, May Mobility, Toyota Sienna, San, Thomson Locations: , California, Silicon, Michigan, San Francisco

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 8 (Reuters) - Semiconductor company Arm Holdings (O9Ty.F), on Wednesday gave a fiscal third-quarter sales outlook below Wall Street estimates, with the company attributing the forecast to a large deal that will likely land later than expected. Arm became publicly listed again in September after Japan's SoftBank Group (9984.T), which still owns more than 90% of Arm, sold off some of its shares. For the current fiscal third quarter, Arm expects a revenue range with a midpoint of $760 million, below analyst estimates of $767.84 million, according to LSEG data. Arm said that royalty revenue for the fiscal second quarter declined to $418 million, below analyst expectations of $420.3 million, according to data from Visible Alpha. Child told Reuters that Arm's second quarter royalty revenues still reflected a chip glut that affected the chip industry broadly.

Persons: Dado Ruvic, Japan's, Ben Bajarin, Jason Child, Child, Stephen Nellis, Max A, Yuvraj Malik, Aurora Ellis, Lisa Shumaker Organizations: REUTERS, - Semiconductor, Arm Holdings, Wednesday, Analysts, Creative, Reuters, Nvidia, Intel, Alpha, Thomson Locations: San Francisco, Bengaluru

☆ Aeva inks sensor deal with Nikon for industrial machines
▼ + stars: | 2023-11-06 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Courtesy of Aeva Inc/Handout via REUTERS/File photo Acquire Licensing RightsNov 6 (Reuters) - Aeva Technologies (AEVA.N) on Monday said that it has signed a deal to produce sensors for Nikon (7731.T) industrial machines that can scan objects like cars coming off an assembly line for microscopic defects. While Aeva is targeting the automotive market, its sensor can also be used in other applications that require three-dimensional scanning, and in 2021 the company said it was working with Nikon to improve the Japanese firm's industrial equipment. The Aeva sensor aims to make the machines smaller and cheaper so that more vehicles can be inspected. Aeva said it expects to start supplying sensors to Nikon next year, with Nikon products with Aeva sensors hitting the market in 2025. Salehian declined to say how many sensors Aeva will ship or how much revenue the company expects from the Nikon deal.

Persons: Salehian, Aeva, Stephen Nellis, Kirsten Donovan Organizations: Aeva Inc, REUTERS, Aeva Technologies, Nikon, Reuters, Thomson Locations: , California, View , California, San Francisco

A woman looks at a new iPhone 15 Pro and a Huawei Mate 60 Pro as Apple's new iPhone 15 officially goes on sale across China, at an Apple store in Shanghai, China September 22, 2023. Research firm Canalys estimated that overall smartphone sales in China fell 3% in July-September from a year earlier as consumers bought fewer smartphones as an economic recovery was choppy. On the other hand, analysts estimate that Huawei's China smartphone sales grew strongly in the quarter. Apple said on Thursday that its overall sales in China dipped 2.5% but it blamed tough Mac computer and iPad sales for that. Aggressive discounting on the iPhone 15 series in the run up to the annual Singles Day shopping festival by major Chinese online retailers is also encouraging demand.

Persons: Aly, Tim Cook, Apple, Cook, Canalys, Apple's, Huawei's, Yuvraj Malik, Bengaluru ， Stephen Nellis, Yelin, Arsheeya Bajwa, Harshita Varghese, Sayantani Ghosh, Gerry Doyle Organizations: Huawei, Apple, REUTERS, Huawei Technologies, Reuters, Research, HK, Taobao, Pro Max, Qualcomm, Thomson Locations: China, Shanghai, Bengaluru ，, San Francisco, Yelin Mo, Beijing, Bengaluru

Apple shares, which have risen 37% so far this year, dropped 3.4% after-hours, following the forecast. Maestri said Apple expects to have higher iPhone sales for the fiscal first quarter, even though this year's holiday quarter has one fewer week of sales than the year-ago. Cook said the company's new high-end handset models - the iPhone 15 Pro and Pro Max devices - are facing supply constraints. Apple's sales in China fell to $15.08 billion from $15.47 billion in the fourth quarter a year ago. Cook said that after accounting for foreign-exchange rates, Apple's business in China grew year-over-year, driven by iPhone sales and services revenue.

Persons: Tim Cook, Apple, Cook, Luca Maestri, Bob O'Donnell, Davidson, Tom Forte, Aly, Max, Nabila Popal, Lionel Messi, Stephen Nellis, Yuvraj Malik, Sayantani Ghosh, Peter Henderson, Matthew Lewis, Leslie Adler Organizations: Huawei, Apple, TECHnalysis Research, Mac, REUTERS, Huawei Technologies, U.S, Reuters, Pro, Apple Watch, Thomson Locations: China, Cupertino , California, Shanghai, San Francisco, Bengaluru

☆ US lawmakers press Biden for plans on Chinese use of open chip technology
▼ + stars: | 2023-11-02 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

RISC-V, pronounced "risk five," is a free open-source technology that competes with costly proprietary technology from British semiconductor and software design company Arm Holdings (O9Ty.F), and Intel Corp (INTC.O). It can be used as a key part of anything from a smartphone chip to advanced processors for artificial intelligence. U.S. firms such as Qualcomm (QCOM.O) and Alphabet's (GOOGL.O) Google have embraced RISC-V, but so too have many Chinese companies. Reuters last month reported that at least four influential U.S. lawmakers view Chinese use of the technology as a potential national security threat because RISC-V is not captured by the sweeping export controls the U.S. has imposed on sending chip technology to China. They also asked the Biden administration about how it might apply an existing executive order to require U.S. companies to get an export license before working with Chinese companies on RISC-V technology.

Persons: Florence Lo, Biden, Raimondo, Stephen Nellis, Jamie Freed Organizations: REUTERS, FRANCISCO, Reuters, Arm Holdings, Intel Corp, Qualcomm, Google, Republican, Representatives, Commerce, Thomson Locations: U.S, China, New Jersey , Florida , Michigan, Indiana, San Francisco

Chipmakers have been grappling with a smartphone market slump. Last week, Qualcomm rival MediaTek (2454.TW) said it saw sales growth in its smartphone chip business. Qorvo (QRVO.O), another important smartphone chip supplier, on Wednesday projected revenue growth for fiscal 2024, sending its shares up slightly. In Qualcomm's intellectual property licensing business, sales of $1.26 billion were in line with estimates of $1.25 billion according to FactSet data. In its chip business, Qualcomm said fourth-quarter revenue from smartphone handsets was $5.46 billion, beating analysts' expectations of $5.34 billion according to FactSet data.

Persons: Dado Ruvic, Qualcomm, MediaTek, FactSet, Chavi Mehta, Stephen Nellis, Richard Chang Organizations: Qualcomm, REUTERS, Wall, Apple, LSEG, Huawei Technologies, U.S ., Samsung Electronics, IDC, Microsoft, Thomson Locations: San Diego , California, Bengaluru, San Francisco

☆ LinkedIn hits 1 billion members, adds AI features for job seekers
▼ + stars: | 2023-11-01 | by ( Stephen Nellis | ) www.reuters.com time to read: +1 min

A keyboard is placed in front of a displayed LinkedIn logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 1 (Reuters) - LinkedIn, the business-focused social network owned by Microsoft (MSFT.O), on Wednesday said it now has more than 1 billion members and is adding more artificial intelligence features for paying users. About 80% of recent members are signing up from outside of the United States, the company has said. LinkedIn has a free tier of membership but also offers subscriptions from $30 per month. The system can also recommend profile changes to make the user more competitive for a job.

Persons: Dado Ruvic, Tomer Cohen, Stephen Nellis, Edwina Gibbs Organizations: REUTERS, LinkedIn, Microsoft, Thomson Locations: United States, San Francisco

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia's stock fell to as low as $392.30, down 4.7%, to the lowest level since mid-June. "The stock is getting oversold," said Tom Plumb, chief executive and lead portfolio manager at Plumb Funds, which has Nvidia as one of its largest holdings. "Previously, Nvidia has said this is not going to have a short-term impact but it's more in the long term. "These new export controls will not have a meaningful impact in the near term," the Nvidia spokesperson said in a statement.

Persons: Tom Plumb, Plumb, Biden, Thomas Hayes, Chibuike Oguh, Stephen Nellis, Amruta, Lance Tupper, Jonathan Oatis Organizations: NVIDIA, Handout, REUTERS, Nvidia Corp, Nvidia, Alibaba, HK, Baidu, U.S . Commerce Department, Wall, Nasdaq, Plumb Funds, Beijing, Great, Thomson Locations: Santa Clara , California, China, U.S, Iran, Russia, New York, San Francisco, Bengaluru

☆ Apple expected to unveil new Macs as PC industry slump eases
▼ + stars: | 2023-10-30 | by ( Stephen Nellis | ) www.reuters.com time to read: +3 min

The new Apple Mac Studio computer and Studio Display are displayed shortly after going on sale at the Apple Store on 5th Avenue in Manhattan, in New York City, New York, U.S., March 18, 2022. Reuters last week reported that Nvidia also plans to jump into the PC market as early as 2025. At Apple, the Mac hit $40.18 billion in revenue for its fiscal 2022, or about 11% of its revenue. While that was up 14% from the previous fiscal year, sales this year have slowed along with the rest of the PC industry, which has suffered a post-pandemic slump. Bajarin said he thinks that supply constraints will lead Apple to focus on higher-end Mac models used by large businesses.

Persons: Mike Segar, Ben Bajarin, Bajarin, Stephen Nellis, Marguerita Choy Organizations: Apple Mac, Apple, REUTERS, Windows, Intel, IDC, Arm Holdings, Qualcomm, Reuters, Nvidia, Creative, Analysts, Taiwan Semiconductor Manufacturing, San, Thomson Locations: Manhattan, New York City , New York, U.S, San Francisco

☆ Nvidia tests chatbots in chip design process in bid to use more AI
▼ + stars: | 2023-10-30 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Oct 30 (Reuters) - Nvidia (NVDA.O) on Monday published new research into using chatbots that can generate human-like responses in the process of designing semiconductors. "It turns out a lot of our senior designers spend a fair amount of their time answering questions from junior designers," Nvidia's chief scientist Bill Dally told Reuters. This can save senior designers a huge amount of time." Dally said a big chunk of engineers' time is dedicated to finding a part of the chip that doesn't work and using testing tools to find out why. To carry out that testing, AI systems can quickly write piece of code called a script that operates the tool.

Persons: Bill Dally, Dally, Stephen Nellis, Marguerita Choy Organizations: Nvidia, Reuters, San, Thomson Locations: San Francisco

NEW YORK, Oct 26 (Reuters) - The founder of the world's biggest chipmaker, Morris Chang, said on Thursday that increasing tensions over technology between the United States and China will slow down the global chip industry. The company has helped the democratically governed island of Taiwan become the world's leading producer of advanced chips. Chang, 92, said that cutting off China's chip industry from the rest of the world would affect other players beyond China. Of course, the immediate purpose is to slow China down, and I think it's doing that," Chang said. Born and raised in China, Chang built a career in the U.S., where he become a naturalized citizen in 1962, before being recruited to build the chip industry in Taiwan.

Persons: Morris Chang, Chang, Krystal Hu, Stephen Nellis, Sandra Maler Organizations: Taiwan Semiconductor Manufacturing, Asia Society, Huawei Technologies, U.S, Thomson Locations: United States, China, New York, Taiwan, U.S, Arizona, San Francisco

☆ Qualcomm unveils new PC laptop chip with AI features for 2024
▼ + stars: | 2023-10-24 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. Qualcomm executives said that the company's new Snapdragon Elite X chip will be available in laptops starting next year and has been redesigned to better handle artificial intelligence tasks like summarizing emails, writing text and generating images. Qualcomm will be the first to market with a chip to challenge Apple, whose laptop and desktop computers have more than doubled their market share since the iPhone maker introduced custom-designed chips in 2020. Qualcomm claimed on Tuesday that the X Elite is faster than Apple's M2 Max chip at some tasks and more energy efficient than both Apple and Intel (INTC.O) PC chips. Reporting by Stephen Nellis in San Francisco; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Alex Katouzian, Katouzian, Francis Sideco, You've, Sideco, Stephen Nellis, Lisa Shumaker Organizations: Qualcomm, REUTERS, Microsoft, Reuters, Nvidia, Devices, Apple, Intel, TIRIAS, Thomson Locations: San Diego , California, San Francisco

Microsoft's chief financial officer Amy Hood said on a conference call with analysts that higher-than-expected AI consumption was responsible for a 3 percentage point boost to its cloud business. Alphabet has prioritized snaring AI startups as customers for its cloud division, while Microsoft has relied on its existing relationships to secure larger customers. Azure revenue rose 29%, higher than a 26.2% growth estimate from market research firm Visible Alpha. RBC Capital Markets has previously estimated that Microsoft will clock over $3 billion in revenue from generative AI offerings this fiscal year. Quite surprising to see strong growth reacceleration in the Azure Cloud segment, which is clearly driven by AI-as-a-service related demand," said Global X analyst Tejas Dessai.

Persons: Microsoft's, Bob O'Donnell, Bing, Bard, Amy Hood, Krishna Chintalapalli, capex, Akash Sriram, Anna Tong, Max Cherney, Yuvraj Malik, Greg Bensinger, Stephen Nellis, Sayantani Ghosh, Sonali Paul Organizations: Microsoft, Wall, Microsoft's, TECHnalysis, Parnassus Investments, DAZZLES, Alpha, RBC Capital Markets, Reuters Graphics Microsoft, Tejas Dessai, AWS, Thomson Locations: Bengaluru, Anna, San Francisco

The company's revenue rose 13% to $56.5 billion in the quarter ended Sept. 30, compared with analysts' consensus estimate of $54.52 billion, according to LSEG data. Revenue from Microsoft's Intelligent Cloud unit, which houses the Azure cloud-computing platform, grew to $24.3 billion, compared with analysts' estimate of $23.49 billion, LSEG data showed. Microsoft said on Tuesday that its fiscal first-quarter profit was $2.99 per share, above analyst estimates of $2.65 per share, according to LSEG data. Sales of its Windows operating system and other products in the segment grew to $13.7 billion, compared with analysts' consensus estimate of $12.82 billion, according to data from LSEG. The segment containing the LinkedIn social network and its office productivity software grew to $18.6 billion, compared with analysts' consensus estimate of $18.20 billion, according to LSEG data.

Persons: Dado Ruvic, Jesse Cohen, Jeremy Goldman, Anna Tong, Stephen Nellis, Yuvraj Malik, Devika Syamnath, Peter Henderson, Matthew Lewis Organizations: Microsoft, REUTERS, Investing.com, Alpha, Intelligence, Thomson Locations: Investing.com ., Redmond, Washington, San Francisco, Bengaluru

FILE PHOTO: An Apple logo is pictured outside an Apple store in Lille, France, September 13, 2023. REUTERS/Stephanie Lecocq/File Photo Acquire Licensing RightsWASHINGTON, Oct 24 (Reuters) - Apple (AAPL.O) on Tuesday will announce plans to make parts, tools and documentation needed to fix its iPhones and computers available to independent repair shops and consumers nationwide, the White House said. In recent years, Apple executives have begun touting the longevity and resale value of its devices while making it easier to fix them and to access spare parts. Apple started distributing parts and manuals to some independent repair shops in 2019. While Apple has provided spare parts to repair shops since 2019, the California bill also requires it to supply diagnostic tools to those shops as well.

Persons: Stephanie Lecocq, Apple, Joe Biden, Lael Brainard, Brainard, Nathan Proctor, Proctor, Andrea Shalal, Stephen Nellis, Lisa Shumaker Organizations: Apple, REUTERS, Rights, National Economic, Manufacturers, Thomson Locations: Lille, France, U.S, California, Colorado , New York, Minnesota, San Francisco

☆ Apple to hold special event on Oct. 30 dubbed 'Scary Fast'
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: 1 min

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar/File Photo Acquire Licensing RightsOct 24 (Reuters) - IPhone maker Apple (AAPL.O) said on Tuesday it will hold a special event named "Scary Fast" on Oct. 30. The company will hold the event at 5 pm Pacific Time (8 pm EST), a departure from its usual morning events. In June, Apple launched a larger MacBook Air with the new M2 chip at a price of $1,299, a year after the company upgraded the 13-inch MacBook Air with the same processor. Reporting by Akash Sriram in Bengaluru and Stephen Nellis in San Francisco; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, Akash Sriram, Stephen Nellis, Krishna Chandra Organizations: Apple, REUTERS, Media, Air, Thomson Locations: Manhattan, New York City, Bengaluru, San Francisco

Nvidia and AMD could sell PC chips as soon as 2025, one of the people familiar with the matter said. Nvidia and AMD would join Qualcomm (QCOM.O), which has been making Arm-based chips for laptops since 2016. Nvidia spokesperson Ken Brown, AMD spokesperson Brandi Marina, Arm spokesperson Kristen Ray and Microsoft spokesperson Pete Wootton all declined to comment. Executives at Microsoft have observed how efficient Apple’s Arm-based chips are, including with AI processing, and desire to attain similar performance, one of the sources said. AMD's entry into the Arm-based PC market was earlier reported by chip-focused publication SemiAccurate.

Persons: Intel’s, Ken Brown, Brandi Marina, Kristen Ray, Pete Wootton, ”, Jay Goldberg, Will Moss, Stephen Nellis, Max A, Kenneth Li, Josie Kao Organizations: NVIDIA, Handout, REUTERS, Nvidia, Arm Holdings, Reuters, Windows, Apple, IDC, Devices, AMD, Qualcomm, Microsoft, Intel, D2D, Software, Thomson Locations: Santa Clara , California, San Francisco

A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. U.S. officials asked for input in devising a "tamperproof" way to keep systems that might contain up to 256 AI chips from being strung together into a supercomputer. The other primary gift that U.S. officials gave Nvidia, Intel and AMD was hobbling their most capable Chinese competitors. New rules will make it nearly impossible for Moore Threads and Biren, two well-funded Chinese startups founded by Nvidia veterans, to have their designs manufactured using cutting-edge chipmaking technology. That means whatever Nvidia is able to sell to China will likely be Chinese buyers' best legal option.

Persons: Ann Wang, ChatGPT, Thomas Krueger, They're, Moore, Piper Sandler, Dan Hutcheson, Japan's, Clete Willems, Akin Gump, Gregory Allen, David Kanter, Stephen Nellis, Max A, Kenneth Li, Jamie Freed Organizations: REUTERS, FRANCISCO, Biden, Nvidia, Intel, Devices, U.S . Bureau of Industry and Security, U.S . National Security Council, BIS, AMD, Japan's Nikon, U.S, Center for Strategic, International Studies, Real, Thomson Locations: Taipei, Taiwan, China, U.S, Netherlands, Japan, San Francisco

The new restrictions will also affect rival chips produced by Advanced Micro Devices (AMD.O) and Intel (INTC.O), according to analysts. In its filing, Nvidia said two of its modified advanced AI chips - the A800 and H800 - both of which it created for the Chinese market to comply with previous export rules, would be blocked for sale under the new rules. Nvidia declined to comment beyond the filing. Chips being built by Intel and Advanced Micro Devices that aim to compete with Nvidia will also be impacted. Intel declined to comment on the Gaudi 2 chip and said it was assessing the new rules.

Persons: Dado Ruvic, Dylan Patel, Intel's Gaudi, Bernstein, Stacy Rasgon, Patel, Biden, chipmaker, Yuvraj Malik, Max A, Sriraj Kalluvila, Leslie Adler Organizations: NVIDIA, REUTERS, Nvidia, Beijing, Micro Devices, Intel, Gaudi, AMD, Thomson Locations: China, Bengaluru, Max, San Francisco

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Reuters reported in June that the very AI chips barred by prior regulations could be purchased from vendors in China's Shenzhen. AI capabilities, aided by supercomputing and advanced chips, improve the speed and accuracy of military decision-making, planning and logistics, according to the regulations released Tuesday. LICENSING EXPANDEDThe new measures also expand licensing requirements for exports of advanced chips to more than 40 additional countries that present risks of diversion to China and are subject to U.S. arms embargoes. "We don’t think incremental semiconductor equipment restrictions are likely to have significant long term effects" on equipment suppliers, Wolfe Research said in a client note.

Persons: Florence Lo, Biden, Moore, Gina Raimondo, Biren, ASML, Lam, Raimondo, Jake Sullivan, Janet Yellen, Alexandra Alper, Karen Freifeld, Stephen Nellis, David Shepardson, Max A, Chris Sanders, Jamie Freed, Daniel Wallis Organizations: REUTERS, Rights, Nvidia, Beijing, Commerce, Reuters, Georgetown University's Center for Security, Emerging Technology, Xilinx, Intel, supercomputing, HIT, AMD, U.S, Lam, Applied Materials, Wolfe Research, Semiconductor Industry Association, Thomson Locations: China, U.S, Iran, Russia, Beijing, China's Shenzhen, Georgetown, CHINA, Macau, Netherlands

☆ How the US will cut off China from more AI chips
▼ + stars: | 2023-10-17 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

CAPTURING MORE CHIPSThe original rules last year restricted chips if they met a two-pronged test for how much computing power the chips contained and how fast they could talk to other chips. Nvidia (NVDA.O) , the top AI chip supplier, responded by creating chips that stayed just under the communication limits for the Chinese market but that still proved useful for AI work. BLACKLISTING CHINA'S NVIDIA CHALLENGERSChip industry watchers believe that if U.S. AI chips are banned in China, Chinese firms will seek to fill the void in the market. On Tuesday, U.S. officials added two leading Chinese chip startups, Biren and Moore Threads, to a U.S. trade blacklist. That threshold would encompass nearly all advanced AI chips and is aimed at helping chip factories spot efforts to work around the rules.

Persons: Florence Lo, Biden, Moore, Stephen Nellis, Marguerita Choy Organizations: REUTERS, Nvidia, Taiwan Semiconductor Manufacturing, San, Thomson Locations: China, U.S, Macau, San Francisco

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. The rules restrict a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklist Chinese chip designers Moore Threads and Biren. Nvidia's business has soared since the imposition of last year's rules because its China-only chips are still better than alternatives. LICENSING EXPANDEDThe new measures also expand licensing requirements for exports of advanced chips to more than 40 additional countries that present risks of diversion to China and are subject to U.S. arms embargoes. The Biden administration also hit 21 countries outside China with a licensing requirement for chipmaking tools.

Persons: Florence Lo, Biden, Moore, Gina Raimondo, " Raimondo, Biren, ASML, Raimondo, Jake Sullivan, Janet Yellen, Alexandra Alper, Karen Freifeld, Stephen Nellis, David Shepardson, Max A, Chris Sanders, Jamie Freed, Daniel Wallis Organizations: REUTERS, Rights, Nvidia, Commerce, HIT, AMD, Intel, U.S, Lam Research, Materials, Embassy, Semiconductor Industry Association, Thomson Locations: China, U.S, Beijing, Iran, Russia, United States, CHINA, Macau, Netherlands, Washington

☆ Oracle's NetSuite adds AI features to finance software
▼ + stars: | 2023-10-17 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

NetSuite, owned by Oracle (ORCL.N), said that it is using its parent company's cloud-based systems to develop the new "Text Enhance" feature. In NetSuite's case, some of the new features are aimed at automating the mundane day-to-day tasks of a finance department. Other new NetSuite features are aimed at reading and analyzing financial data to generate summaries and reports. NetSuite said the "Text Enhance" features will roll out over the next six months. The company said typical use levels of the new features, which rely on a new supercomputer built by Oracle, will be included in existing subscription prices, but further new AI features or higher use levels may include additional costs.

Persons: Evan Goldberg, NetSuite's, Goldberg, we've, NetSuite, Stephen Nellis, Will Dunham Organizations: Oracle, Microsoft, LinkedIn, Adobe, Thomson Locations: San Francisco

"I just want to say how deeply saddened that we all are about the recent horrific attacks on Israel ... He warned that the war in Ukraine, compounded by the attacks on Israel, could have "far-reaching impacts on energy and food markets, global trade, and geopolitical relationships." On Friday, Citigroup CEO Jane Fraser included Israel in her opening remarks on the bank's earnings call. "Once someone ventures into the space of, 'who is the perpetrator and who is the victim,' you enter into the exposure of social media disinformation and risk," Kotok said. Some large companies including Apple (AAPL.O) and Walmart (WMT.N) had yet to issue statements, while some prominent personalities including NBA star LeBron James have spoken out.

Persons: JPMorgan Chase, Jamie Dimon, Albert Bourla, Jefferies, Michael Bloomberg, Goldman Sachs, Jane Fraser, Israel, Fraser, Larry Fink, David Kotok, Cumberland, Kotok, Antonio Neri, Andy Jassy, Sundar Pichai, Satya Nadella, LeBron James, Gigi Hadid, Lananh Nguyen, Aditya Soni, Stephen Nellis, Siddharth Cavale, David Gaffen, Arriana, Sayantani Ghosh, David Gregorio Our Organizations: JPMorgan, Pfizer, UBS, New York City, Bloomberg, Delta Air Lines, Citigroup, BlackRock, Cumberland Advisors, Hewlett Packard Enterprise, Amazon, Meta, Union, Google, Microsoft, Apple, Walmart, NBA, Thomson Locations: Israel, Ukraine, New York, Florida, Bengaluru

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