(Reuters) -Salesforce expects revenue of more than $60 billion in 2030, according to a presentation made at its Dreamforce event on Wednesday. Shares of the company rose by nearly 4% in aftermarket trading. (Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)
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SINGAPORE (Reuters) -Singapore will introduce a new online safety commission with powers to order social media platforms to block harmful posts, according to a new bill that was tabled in parliament on Wednesday. The new law comes after researchers from the Infocomm Media Development Authority found in February that more than half of legitimate user complaints about harmful posts relating to issues like child abuse and cyber-bullying had not been immediately addressed. The new commission will be empowered under a new law to address local user reports of harms like online harassment, doxxing, online stalking, the abuse of intimate images and child pornography by the end of the first half of 2026. It will also have powers to direct social media platforms to restrict access to harmful material within Singapore, give victims a right to reply, and ban perpetrators from accessing their platform. The commission will also be able to order internet service providers to block access to specific online locations, such as group pages or even a social media platform's website. More harms, including the non-consensual disclosure of private information and "the incitement of enmity", will be introduced over stages following the initial launch. The new commission will be set up under a new online safety bill that was introduced to lawmakers on Wednesday. It will be debated at the next available session of parliament. The setting up of an online safety commission was first mooted during the Ministry of Digital Development and Information's budget debate in March this year. "More often than not, platforms fail to take action to remove genuinely harmful content reported to them by victims,” said Josephine Teo, Minister for Digital Development and Information. The government recently targeted Meta with the first order issued under the nation's new Online Criminal Harms Act, which came into force in February 2024. In September, the home affairs ministry threatened Meta with a fine of up to S$1 million ($771,664) and fines of up to S$100,000 per day after the end of the month if it failed to introduce measures like facial recognition to curb impersonation scams on its social network Facebook. The home affairs ministry could not immediately be reached to confirm if Meta complied with the order. ($1 = 1.2959 Singapore dollars) (Reporting by Jun Yuan Yong; Editing by David Stanway)
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By Hanna Rantala LONDON (Reuters) -U.S. rock star Bruce Springsteen made a surprise appearance on the London Film Festival red carpet on Wednesday, lending his support to the cast and makers of a new biographical movie about his life. "Springsteen: Deliver Me from Nowhere" stars "The Bear" actor Jeremy Allen White as the multiple Grammy winner. But instead of focusing on his high-flying career, it offers a raw portrayal of the person behind the music. Directed and co-written by Scott Cooper, the film is based on the book of the same name by Warren Zanes. It follows a young Springsteen, on the cusp of hitting the big time, struggling with his inner demons and childhood trauma while writing the stark 1982 album "Nebraska". White said the drama, which also delves into Springsteen's fraught relationship with his father, played by Stephen Graham, shows a difficult but decisive period in the rocker's life. "I think at the core of it so much is about that longing for familial connection and the relationship between him and his father," said White. "I think he made decisions during this period in his life that allowed him to live the life that he wanted to live." The film also features "Succession" star Jeremy Strong as Springsteen's supportive, longtime manager Jon Landau. "It's a film obviously about Bruce and about the making of 'Nebraska', but it's about repairing trauma through art and confronting depression and mental health issues," said Strong. "I think it's an incredibly courageous story to tell about someone as mythologised as Bruce, to tell the story of Bruce, the man," Strong said. The movie marks the first time the musician's life has been depicted on the big screen. Springsteen, 76, was closely involved in the production. "Very early on, he listened to me singing his songs. He said, 'you sing very well. You sound like me, not just like me. You're making the songs your own and I want the whole process to feel that way,'" White recalled. "Without that sort of blessing, I don't think I would have been able to do what I did. "He's been very generous in every way. He gave me the guitar I learned to play on. I still have it," White said. The film begins its global cinematic rollout on October 22. (Reporting by Hanna RantalaEditing by Bill Berkrot)
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TAIPEI (Reuters) -TSMC, the world's largest manufacturer of advanced artificial intelligence chips, is set to post a 28% jump in third-quarter profit to reach a record high due to surging demand for AI infrastructure, though U.S. tariffs may complicate its outlook. Taiwan Semiconductor Manufacturing Co, the world's biggest contract chipmaker and a key supplier to Nvidia and Apple, is likely to report a net profit of T$415.4 billion ($13.59 billion) for the three months through September 30, showed an LSEG SmartEstimate compiled from 20 analysts. SmartEstimates place greater weight on forecasts from analysts who are more consistently accurate. TSMC has already flagged a market-forecast-beating rise in third-quarter revenue of 30%. Any profit result above T$398.3 billion would be the chipmaker's highest-ever and its seventh consecutive quarter of profit growth. TSMC, Asia's most-valuable listed company with a market capitalisation of around $1.2 trillion – nearly three times that of South Korean rival Samsung Electronics – will report financial results on Thursday and provide fourth-quarter guidance in an earnings call scheduled for 0600 GMT. On Wednesday, top semiconductor equipment maker ASML, for whom TSMC is a major customer, said third-quarter bookings beat market forecasts but that it expected a significant fall in demand from China next year. Samsung on Tuesday said it expected its biggest quarterly profit in over three years, also on the AI boom. It remains unclear how much U.S. President Donald Trump's tariffs will affect TSMC. Taiwan's exports to the United States are currently subject to a 20% tariff, but that excludes chips. U.S. Secretary of Commerce Howard Lutnick proposed last month that Taiwanese companies split their production of chips 50-50 between Taiwan and the U.S., compared to the current setup where the vast majority of production is on the island. Taiwan has rejected that idea. TSMC is already investing $165 billion building factories in the U.S. in the state of Arizona. Shares in TSMC have gained 36% so far this year on optimism over AI, largely brushing off tariff concerns. The heavyweight's rise has powered the benchmark Taiwanese index's 18% advance over the same period. ($1 = 30.5680 Taiwan dollars) (Reporting by Ben Blanchard; Editing by Christopher Cushing)
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TAIPEI (Reuters) -TSMC, the world's largest manufacturer of advanced artificial intelligence chips, is set to post a 28% jump in third-quarter profit to reach a record high due to surging demand for AI infrastructure, though U.S. tariffs may complicate its outlook. Taiwan Semiconductor Manufacturing Co, the world's biggest contract chipmaker and a key supplier to Nvidia and Apple, is likely to report a net profit of T$415.4 billion ($13.59 billion) for the three months through September 30, showed an LSEG SmartEstimate compiled from 20 analysts. SmartEstimates place greater weight on forecasts from analysts who are more consistently accurate. TSMC has already flagged a market-forecast-beating rise in third-quarter revenue of 30%. Any profit result above T$398.3 billion would be the chipmaker's highest-ever and its seventh consecutive quarter of profit growth. TSMC, Asia's most-valuable listed company with a market capitalisation of around $1.2 trillion – nearly three times that of South Korean rival Samsung Electronics – will report financial results on Thursday and provide fourth-quarter guidance in an earnings call scheduled for 0600 GMT. On Wednesday, top semiconductor equipment maker ASML, for whom TSMC is a major customer, said third-quarter bookings beat market forecasts but that it expected a significant fall in demand from China next year. Samsung on Tuesday said it expected its biggest quarterly profit in over three years, also on the AI boom. It remains unclear how much U.S. President Donald Trump's tariffs will affect TSMC. Taiwan's exports to the United States are currently subject to a 20% tariff, but that excludes chips. U.S. Secretary of Commerce Howard Lutnick proposed last month that Taiwanese companies split their production of chips 50-50 between Taiwan and the U.S., compared to the current setup where the vast majority of production is on the island. Taiwan has rejected that idea. TSMC is already investing $165 billion building factories in the U.S. in the state of Arizona. Shares in TSMC have gained 36% so far this year on optimism over AI, largely brushing off tariff concerns. The heavyweight's rise has powered the benchmark Taiwanese index's 18% advance over the same period. ($1 = 30.5680 Taiwan dollars) (Reporting by Ben Blanchard; Editing by Christopher Cushing)
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(Reuters) -Goldman Sachs Asset Management's global co-head and chief investment officer of public investing, Ashish Shah, will retire from the partnership next year, according to a memo seen by Reuters on Wednesday. Shah is set to assume the role of an advisory director, post retirement, at the end of the first quarter of 2026, the memo added. After joining Goldman Sachs as a partner in 2018, Shah served as global co-head and chief investment officer of Fixed Income and Liquidity Solutions, where he was also a portfolio manager for fixed income strategies. Goldman Sachs has lost more than a dozen senior investment bankers this year, a higher number than normal, after internal shake-ups and a sluggish start to 2025 drove them to seek new opportunities, Reuters reported on Monday, citing three sources familiar with the situation. (Reporting by Saeed Azhar in New York and Neil J Kanatt in Bengaluru; Editing by Shailesh Kuber)
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(Reuters) -Adtalem Global Education said on Wednesday it will partner with Alphabet's Google Cloud to launch an artificial intelligence credential program aimed at students and healthcare professionals to use AI tools in clinical practice. The program, set to debut in 2026, will provide students and practicing clinicians across Adtalem's network, including Chamberlain University and Walden University, with hands-on experience using Google Cloud's AI tools, such as Gemini models and Vertex AI services. Adtalem said participants will complete coursework covering AI applications in clinical practice, ethical considerations, patient safety protocols, and hands-on experience with healthcare-specific AI tools commonly used across hospital systems and clinical practices. The initiative comes as hospitals invest heavily in AI to ease staffing shortages, but many physicians and nurses remain unprepared to adopt the technology, said the healthcare educator, which serves more than 91,000 students across its institutions, and has around 365,000 alumni. Michael Betz, Adtalem's chief digital officer, said the "partnership with Google Cloud gives our students a competitive edge in their careers — whether they're treating patients, providing mental health counseling, or leading healthcare teams." He added, "our graduates will enter the workforce confident in using AI to enhance their clinical decisions, spend less time on paperwork and more time connecting with patients." Brent Mitchell, vice president of Google Public Sector, said the partnership aims to ensure clinicians can implement AI "safely, responsibly and effectively." A Harris poll from last month showed more than half of U.S. healthcare workers are actively looking to leave their current jobs. The survey also showed 42% of employees worry AI will replace some aspects of their job, with 41% or less than half feeling comfortable using AI tools in their current role. (Reporting by Puyaan Singh in Bengaluru; Editing by Shailesh Kuber)
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(Reuters) -Electric aircraft maker Beta Technologies said in a regulatory filing on Wednesday that it was aiming for a U.S. listing valuing the company at about $7.22 billion. Vermont-based Beta plans to offer 25 million shares priced between $27 and $33 each and is seeking to raise up to $825 million. The offering comes amid a rebound in U.S. IPO activity driven by easing market volatility, which is lifting investor sentiment after a period of trade policy uncertainty. Despite the U.S. government shutdown, companies can allow their statements to become effective automatically, which involves setting their IPO pricing 20 days before the listing instead of finalizing it the night before after a U.S. Securities and Exchange Commission review. Cornerstone investors including Alliance Bernstein, BlackRock, Ellipse, GE Aerospace and Federated may buy up to $300 million in Class A shares in the offering. Beta designs, manufactures and sells high-performance electric aircraft, advanced electric propulsion systems, charging systems and components. The company filed for an initial public offering in late September and reported a net loss of $25.57 per share for the six months ended June 30, compared with $19.38 per share a year earlier. It will list on the New York Stock Exchange under the ticker symbol "BETA". Morgan Stanley, Goldman Sachs, BofA Securities, Jefferies and Citigroup are among the underwriters for the offering. (Reporting by Anuj T in Bengaluru; Editing by Pooja Desai)
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(Reuters) -Adtalem Global Education said on Wednesday it will partner with Alphabet's Google Cloud to launch an artificial intelligence credential program aimed at students and healthcare professionals to use AI tools in clinical practice. The program, set to debut in 2026, will provide students and practicing clinicians across Adtalem's network, including Chamberlain University and Walden University, with hands-on experience using Google Cloud's AI tools, such as Gemini models and Vertex AI services. Adtalem said participants will complete coursework covering AI applications in clinical practice, ethical considerations, patient safety protocols, and hands-on experience with healthcare-specific AI tools commonly used across hospital systems and clinical practices. The initiative comes as hospitals invest heavily in AI to ease staffing shortages, but many physicians and nurses remain unprepared to adopt the technology, said the healthcare educator, which serves more than 91,000 students across its institutions, and has around 365,000 alumni. Michael Betz, Adtalem's chief digital officer, said the "partnership with Google Cloud gives our students a competitive edge in their careers — whether they're treating patients, providing mental health counseling, or leading healthcare teams." He added, "our graduates will enter the workforce confident in using AI to enhance their clinical decisions, spend less time on paperwork and more time connecting with patients." Brent Mitchell, vice president of Google Public Sector, said the partnership aims to ensure clinicians can implement AI "safely, responsibly and effectively." A Harris poll from last month showed more than half of U.S. healthcare workers are actively looking to leave their current jobs. The survey also showed 42% of employees worry AI will replace some aspects of their job, with 41% or less than half feeling comfortable using AI tools in their current role. (Reporting by Puyaan Singh in Bengaluru; Editing by Shailesh Kuber)
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By David Lawder WASHINGTON (Reuters) -The U.S. again purchased Argentine pesos in the open market on Wednesday, Treasury Secretary Scott Bessent told reporters, adding that the department was working with banks and investment funds to create a $20 billion facility to invest in the South American country's sovereign debt. Bessent said during a press conference that the facility would sit alongside a new $20 billion U.S. currency swap line for Argentina, providing a total of $40 billion in support for Latin America's third-largest economy. Bessent did not provide details of the peso operation, which follows an initial U.S. purchase on October 9. He also clarified that the U.S. would continue to support Argentina financially as long as President Javier Milei's government pursues "good policies," regardless of the outcome of a parliamentary election on October 26. President Donald Trump said on Tuesday that the U.S. would not "waste our time" with Argentina if Milei's party loses the elections. Bessent said the Trump administration's support for Argentina "is not election-specific," but a win for Milei's La Libertad Avanza party would ensure that the right-wing Argentine president has a sufficient majority to be able to veto policies aimed at ending his libertarian fiscal austerity agenda and free-market overhauls of the country's crisis-prone economy. "It is policy-specific. So as long as Argentina continues enacting good policy, they will have U.S. support," Bessent said. BESSENT SAYS 'WE COULD' BUY DEBT Asked if the peso operation would be accompanied by U.S. purchases of Argentine debt, Bessent said, "We could," without elaborating. Work on the private-sector debt investment facility has been underway for weeks, but Bessent did not provide a timeline for any debt purchases. "So it is a private-sector solution to Argentina's upcoming debt payments," Bessent said. "Many banks are interested in it, and many sovereign funds have expressed interest in being part of it." The Trump administration has disclosed few details about the $20 billion swap line that it has pledged to Argentina. Bessent confirmed it would be backed by International Monetary Fund Special Drawing Rights assets that are held in the Treasury's Exchange Stabilization Fund and would be converted to dollars. Asked whether the U.S. would assume a preferred creditor status ahead of the IMF or private-sector lenders, Bessent said: "No, that's what China does, we don't do that." (Reporting by David Lawder; editing by Paul Simao)
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