AMSTERDAM (Reuters) - Computer chip equipment maker ASML's CEO on Wednesday made the case that the advent of efficient AI models such as one China's DeepSeek has launched is a net positive for chip markets. Christophe Fouquet said that perceptions of AI spending are skewed by the massive investments being made by hyperscalers - companies such as Google, Meta and...

Group 1 Automotive Inc ( GPI ) reported fourth-quarter financial results before the market open on Wednesday. Here’s a rundown of the report. Q1 Revenue: $5.55 billion, versus estimates of $5.25 billion Q4 Adjusted EPS: $10.04, versus estimates of $9.08 Total revenue was up 23.8% on a year-over-year basis. New vehicle units sold came in at 57,939 and used vehicles...

Jan 29 (Reuters) - Spirit Airlines ( SAVEQ ) said on Wednesday it has rejected a bid from rival Frontier Group ( ULCC ) as it was not favorable for the low-cost carrier and expects to exit bankruptcy in the first quarter. Frontier offered Spirit shareholders $400 million in debt and a 19% stake in Frontier earlier this month, Spirit...

(Reuters) - UVeye, a startup that uses AI-driven technology to inspect vehicles to avoid defects and target repairs, said on Wednesday it has raised $191 million in debt and equity to scale up production in North America and Europe. The company's $41 million funding round was led by Woven Capital, the investment arm of Toyota ( TM ) and its...