Nvidia Agrees to Buy Hugging Face for $13 Billion
The deal comes as Nvidia ramps up efforts to develop open-weight models and related services.
----
Volkswagen Shakes Up U.S. Leadership Again After Steep Sales Declines
Veteran executive Marco Schubert is taking over the automaker's North American business as its current boss leaves the company after less than two years in the role.
----
Campbell's Looks to Reset After Quarterly Loss
Campbell's swung to a loss and logged lower sales in the latest quarter, hurt by higher costs that weighed on margins as well as softer demand.
----
Victoria's Secret Lifts Outlook Despite Cooling Sales Growth
The bra retailer said it now expects sales of $7.1 billion to $7.18 billion for the year, pointing to progress against its turnaround plan, even as second-quarter sales growth cooled.
----
China's Moonshot AI Confidentially Filed Hong Kong IPO
China's Moonshot AI has confidentially submitted an application for an initial public offering to Hong Kong's stock exchange, people familiar with the matter said.
----
Boeing's $8.4 Billion Deal Is Bleeding Red Ink
The jet maker bought Spirit AeroSystems in December, and has since uncovered large liabilities it initially hadn't identified.
----
Soitec Shares Jump After Guidance Upgrade on Strong AI Demand
The company lifted its revenue guidance for the current quarter, saying it expected revenue growth of around 50% at constant currency and scope, compared with more than 30% growth previously.
----
Impala Platinum Profit Surges on Higher Precious-Metal Prices
Fiscal-year earnings surged, buoyed by higher precious-metal prices and the reversal of prior write-downs at its Rustenburg operations in South Africa.
----
Ford's $30,000 EV Truck Sets Ambitious Goal: 100,000 Sales in Year One
The Ford Fathom is the first in an expected line of new, more affordable EVs.
----
The Hunt for AI-Proof Assets Is Leading Investors to Sports, Casinos and Travel
Venture capitalists are pivoting to physical experiences as they seek businesses insulated from the rapid development of artificial intelligence.
----
Uber, Wayve Bring Robotaxis to London
Starting Thursday, passengers using Uber's app in the U.K. capital could be matched with a vehicle outfitted with Wayve's autonomous-driving technology.
----
Microsoft to Change Reporting Structure to Reflect Effects of AI
Microsoft is changing its reporting structure from three segments to two-Agents and Infra, and Devices and Consumer.
----
Mac-and-Cheese Disruptor Goodles to Be Acquired by Barilla
The maker of flavors like Here Comes Truffle will remain as a stand-alone brand within Barilla Group.
----
Broadcom Third-Quarter Profit Soars on Growing Custom Chip Demand
Broadcom more than tripled its profit and nearly doubled its revenue in the third quarter, as the company said demand for its custom semiconductors should continue growing for the next two years.
----
HPE Boosts Outlook as AI Demand Drives Surge in Third-Quarter Profit
HPE lifted its long-term growth targets after revenue gains across both of its segments drove a more than fivefold increase in its profit during the third quarter.