Online comics platform Webtoon reveals revenue growth, profitability in US IPO filing
(Reuters) - Online comics platform Webtoon Entertainment swung to a profit in the first quarter while growing its revenue by 5%, it disclosed on Friday in its filing for an initial public offering (IPO) in the United States. The company, owned by S...
May 31, 2024
Spanish police investigate whether hackers stole millions of drivers' data
MADRID (Reuters) - Spanish police said on Friday there were investigating whether the private information of millions of vehicle drivers had been offered up for sale online after the traffic authority detected an attempted data breach earlier this ...
May 31, 2024
Nvidia set to overtake Apple as world's second-most valuable company
By Medha Singh (Reuters) - Nvidia could soon surpass Apple to become the world's second-most valuable company, as the kingmaker behind the AI revolution takes on the iPhone maker that has ruled Wall Street for decades. The reliance of virtually all...
May 31, 2024
Polish news agency probably hit by Russian cyberattack, minister says
WARSAW (Reuters) -Poland's state news agency PAP was probably hit by a Russian cyberattack on Friday, a government minister said, after a false article about military mobilisation appeared on its news feed. Warsaw has repeatedly accused Moscow of attem...
May 31, 2024
US agency seeks more details on self-driving Zoox crashes
WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said on Friday it is seeking more information in its investigation into Amazon.com's self-driving Zoox vehicles due to unexpected braking leading to two rear-end collisi...
May 31, 2024
Temu will have to comply with tougher EU online content rules, EU says
By Foo Yun Chee and Benoit Van Overstraeten BRUSSELS (Reuters) -Temu will have to comply with stricter EU online content rules after its user numbers exceeded a key criterion, the European Commission said on Friday, putting the PDD Group's fast-fashion...
May 31, 2024
DMM Bitcoin says bitcoin worth about 48.2 billion yen leaked
TOKYO (Reuters) - Japan's cryptocurrency exchange DMM Bitcoin said on Friday that bitcoin worth about 48.2 billion yen ($308 million) had been leaked. ($1 = 156.6400 yen) (Reporting by Kaori Kaneko; Editing by Hugh Lawson)
May 31, 2024
EU's Vestager says more European Chips Act approvals coming soon
CATANIA, Italy (Reuters) - European Union antitrust chief Margrethe Vestager expects further approvals for state funding projects under the European Chips Act, she said after the bloc's approval on Friday of state aid for an STMicroelectronics plan...
May 31, 2024
Dell shares slump as heavy AI investments expected to dent margin
(Reuters) - Dell Technologies shares tumbled about 14% in premarket trading on Friday, as the PC and server maker expects sizeable AI investments to dent its quarterly profit. Dell is on track to lose more than $17 billion in market value, if prema...
May 31, 2024
Spain's data protection agency suspends two of Meta's EU election apps
MADRID (Reuters) - Spain's data protection watchdog AEPD has ordered the provisional suspension of two planned Meta products set to be deployed in the upcoming European election on its social media platforms Instagram and Facebook, it said on Frida...
May 31, 2024
Tesla to recall over 125,000 vehicles over seat belt warning system
(Reuters) - Tesla is recalling 125,227 Model 3, S, X and Y vehicles over a malfunction of its seat belt warning system, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. Tesla will release an over-the-air software upda...
May 31, 2024
Online betting firm Flutter names Rob Coldrake as new group CFO
(Reuters) - Flutter, the world's largest online betting firm, named Rob Coldrake as its new group CFO on Friday and said current group finance head Paul Edgecliffe-Johnson would be stepping down from his role as group CFO and executive director. Ea...
May 31, 2024
EU clears 2 billion Italian state aid for STMicroelectronics chip plant in Sicily
(Reuters) - The European Commission on Friday approved Italian state aid measures worth 2 billion euros ($2.16 billion) to support chipmaker STMicroelectronics set up a new semiconductor manufacturing facility in Catania, Sicily. The aid will take...
May 31, 2024
Taiwan accuses Chinese Apple supplier of trying to illegally poach tech talent
TAIPEI (Reuters) - Taiwanese law enforcement has accused a Chinese Apple supplier of illegally operating in Taiwan and trying to poach tech talent, and said a U.S.-sanctioned Chinese firm had illegally set up operations on the island. Taiwan, which...
May 31, 2024
Zscaler shares soar as strong cybersecurity demand powers upbeat Q4 forecast
(Reuters) - Zscaler forecast fourth-quarter revenue and profit above estimates on Thursday, as businesses spend more on cybersecurity and networking solutions to combat complex online threats, sending its shares up 14% after the bell. Cybersecurity...
May 30, 2024
Amazon's Twitch terminates members of safety advisory council, CNBC reports
(Reuters) - Amazon.com's streaming unit Twitch will end the contracts for all members of its safety advisory council on Friday, CNBC reported, citing documents and sources familiar with the situation. Unveiled in 2020, the council consisted of expe...
May 30, 2024
Exclusive-TikTok preparing a US copy of the app's core algorithm, sources say
By Krystal Hu and Sheila Dang (Reuters) - TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version that operates independently of its Chinese parent and be more palatable to American l...
May 30, 2024
Dell beats first-quarter revenue estimates as AI boom bolster server demand
(Reuters) - Dell Technologies beat Wall Street estimates for first-quarter revenue on Thursday, ending a streak of six-quarters of decline, helped by growing demand for its AI-powered servers. A surge in demand for high-performance computing and la...
May 30, 2024
Marvell Technology misses first-quarter revenue estimates
(Reuters) -Chipmaker Marvell Technology missed Wall Street expectations for first-quarter revenue on Thursday, hurt by weak client spending in its wireless carrier and enterprise markets. The company reported revenue of $1.16 billion, compared with est...
May 30, 2024
Terraform Labs, Do Kwon agree to settle SEC fraud case
(Reuters) - Singapore-based Terraform Labs and its founder Do Kwon have reached a tentative settlement with the U.S. Securities and Exchange Commission in the regulator's case alleging they misled investors before the 2022 collapse of the stablecoi...
May 30, 2024
Robots play soccer at Geneva AI showcase
GENEVA (Reuters) - Teams of robots jostled on a miniature artificial soccer pitch as androids answered trivia questions and took jabs at human ignorance on Thursday at an artificial intelligence summit on the technology's wide-ranging uses. Organis...
May 30, 2024
Hundreds of thousands of US internet routers destroyed in newly discovered 2023 hack
By Christopher Bing WASHINGTON (Reuters) - - An unidentified hacking group launched a massive cyberattack on a telecommunications company in the U.S. heartland late last year that disabled hundreds of thousands of internet routers, according to res...
May 30, 2024
Major tech firms develop AI networking standard but without major player Nvidia
(Reuters) - Major tech firms, including Meta, Microsoft, Advanced Micro Devices and Broadcom, said on Thursday they have developed a new industry standard for networking in AI data centers, the latest effort to break the dominance of market leader ...
May 30, 2024
Exclusive-Google, augmented reality startup Magic Leap strike partnership deal
By Katie Paul NEW YORK (Reuters) - Alphabet's Google and augmented reality startup Magic Leap are forming a strategic technology partnership and working on building immersive experiences that blend the physical and digital worlds. Magic Leap said i...
May 30, 2024
Salesforce plummets as weak forecast sparks concern of AI competition
(Reuters) - Salesforce shares sank 16% before the bell on Thursday after its lowest quarterly revenue growth forecast on record raised fears that high interest rates and AI offerings from rivals were hampering demand at the cloud-based software fir...
May 30, 2024