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SLB, Shell partner to develop AI-powered solutions for energy industry
Reuters· 2025-12-11 14:32
Core Insights - SLB is partnering with Shell to develop digital and artificial intelligence tools aimed at enhancing performance and efficiency in upstream operations [1] Company Summary - SLB is collaborating with Shell to leverage technology for operational improvements [1] - The focus of the partnership is on digital and AI tools specifically for upstream operations [1] Industry Summary - The initiative reflects a growing trend in the oil and gas industry towards the adoption of digital solutions and AI to optimize performance [1]
Disney sends cease-and-desist letter to Google, CNBC reports
Reuters· 2025-12-11 14:28
Walt Disney has sent a cease-and-desist letter to Alphabet's Google, CNBC reported on Thursday. ...
Cost of insuring Oracle debt against default surges
Reuters· 2025-12-11 14:17
The cost of insuring Oracle debt against default surged on Thursday to its highest in at least five years, after the company's results missed forecasts, reigniting investor concern about its massive b... ...
Microsoft fights $2.8 billion UK lawsuit over cloud computing licences
Reuters· 2025-12-11 14:05
Core Viewpoint - Microsoft has been accused of overcharging thousands of British businesses for the use of Windows Server software on cloud computing services provided by competitors such as Amazon, Google, and Alibaba [1] Group 1: Allegations and Impact - The allegations suggest that Microsoft’s pricing practices may be unfairly disadvantaging British businesses that rely on cloud services [1] - The hearing is considered pivotal in determining the future of Microsoft's pricing strategy in the cloud computing market [1] Group 2: Competitive Landscape - The accusations highlight the competitive dynamics in the cloud computing industry, particularly how major players like Amazon, Google, and Alibaba are affected by Microsoft's pricing [1] - This situation may lead to increased scrutiny of pricing practices across the industry, potentially impacting market strategies [1]
Disney makes $1 billion investment in OpenAI, brings characters to Sora
Reuters· 2025-12-11 14:04
Core Insights - Disney announced a $1 billion equity investment in OpenAI, indicating a strategic partnership aimed at integrating Disney characters into OpenAI's Sora video generation platform [1] Group 1: Investment Details - The investment amount is specified as $1 billion, highlighting Disney's commitment to leveraging AI technology [1] Group 2: Strategic Partnership - The agreement between Disney and OpenAI focuses on bringing Disney characters to the Sora video generation platform, which may enhance content creation capabilities [1]
Kosmos Energy says Senegal has no plans to nationalise Yakaar-Teranga gas field
Reuters· 2025-12-11 14:00
Core Viewpoint - Kosmos Energy announced that Senegal's energy ministry has confirmed there are no plans to nationalize the Yakaar-Teranga gas field, where Kosmos holds a 90% stake [1] Group 1 - The confirmation from Senegal's energy ministry alleviates concerns regarding potential nationalization of the Yakaar-Teranga gas field [1] - Kosmos Energy maintains a significant ownership position with a 90% stake in the gas field, indicating strong investment in the region [1]
EU antitrust regulators erred in clearing Broadcom's VMware deal, cloud industry lobby says
Reuters· 2025-12-11 13:42
EU antitrust regulators failed to analyse properly the risks of Broadcom's $69 billion acquisition of cloud computing firm VMware before clearing the deal, the Cloud Infrastructure Services Providers ... ...
Volkswagen says demand to determine if range extender introduced in Europe, US
Reuters· 2025-12-11 13:37
Core Viewpoint - Volkswagen Group has integrated its range extender concept into its future Scalable Systems Platform (SSP) for electric vehicles, indicating a strategic move towards enhancing electric vehicle technology [1] Group 1 - The incorporation of the range extender concept signifies Volkswagen's commitment to advancing its electric vehicle offerings [1]
Kalshi, Crypto.com launch prediction markets coalition as investor interest soars
Reuters· 2025-12-11 13:29
Kalshi and Crypto.com said on Thursday they had launched a national alliance of prediction market operators that includes cryptocurrency exchange Coinbase , retail trading platform Robinhood and sports gaming operator Underdog. ...
Banco BPM CEO says no talks with Credit Agricole, nothing on table with MPS
Reuters· 2025-12-11 12:44
Banco BPM Chief Executive Giuseppe Castagna said on Thursday his bank had not examined any deal with France's Credit Agricole and had nothing on the table regarding Monte dei Paschi di Siena , though ... ...