Joby Aviation, Inc. ( JOBY ) shares are trading lower in the premarket session on Tuesday. The company is reportedly envisioning a futuristic commute – flying above traffic from downtown Manhattan to JFK Airport in under seven minutes, rivaling Uber Technologies, Inc.’s cost. With $400 million support from Toyota Motor Corporation ( TM ) and $60 million from Delta Air Lines, Inc. ( DAL ) , Joby aims...

(Reuters) - Chip startup Rivos said on Tuesday it raised $250 million in a funding round that will enable it to manufacture its first server chip geared for artificial intelligence. Nvidia's ( NVDA ) combination of chips and CUDA software dominates the market for AI-related computing, and Nvidia ( NVDA ) gobbled up more than 80% market share of AI...

April 16 (Reuters) - Advanced Micro Devices ( AMD ) unveiled a new series of chips for artificial intelligence-enabled personal computers on Tuesday as it looks to expand its share of the lucrative AI PCs market. The chip designer said its latest Ryzen PRO 8040 Series is built for business laptops and mobile workstations while its AMD Ryzen PRO 8000...

COLOMBO (Reuters) -Sri Lanka on Tuesday rejected international bondholders' proposal to restructure more than $12 billion in debt, putting at risk critical International Monetary Fund support and delaying its efforts to resolve a two-year-long debt crisis. Some of the proposal's baseline assessments and a lack of a contingency option in the case of continued economic weakness were two the main...