Amazon adds $230 million in cloud credits to AI startups
By Krystal Hu (Reuters) - Amazon said it is investing $230 million in the form of Amazon Web Service (AWS) credits in artificial intelligence startups, the latest example of cloud providers trying to capture AI clients from nascent stages. The cred...
Jun 13, 2024
EU asks porn platforms details on measures to protect minors online
(Reuters) - The European Commision on Thursday said it had asked internet platforms Pornhub, Xvideos and Stripchat what measures they take to protect minors and to prevent the spread of illegal content online. The companies must provide detailed in...
Jun 13, 2024
Philippines cracks down on illegal offshore gambling firms
By Neil Jerome Morales MANILA (Reuters) - Philippine authorities have launched a crackdown on illegal offshore gambling operators, several run by Chinese firms, as calls to ban these activities mount due to their alleged links to criminal syndicate...
Jun 13, 2024
Microsoft president to testify before House panel over security lapses
WASHINGTON (Reuters) - Microsoft President Brad Smith will testify before a House of Representatives panel on homeland security on Thursday, fielding questions about the company's security practices after Russian and Chinese hackers breached its sy...
Jun 13, 2024
Samsung chief Lee discusses cooperation with Meta, Amazon and Qualcomm
SEOUL (Reuters) - Samsung Electronics said on Thursday its chairman met with the heads of Meta, Qualcomm and Amazon this week to discuss cooperation and that topics included artificial intelligence, cloud services and chips. Meta's Mark Zuckerberg ...
Jun 13, 2024
Reliance's Jio Platforms clears hurdle in bid to launch satellite internet in India
By Nivedita Bhattacharjee BENGALURU (Reuters) - A joint venture between Reliance Industries' Jio Platforms and Luxembourg-based SES to provide gigabit fibre internet has won approval from the Indian space regulator to operate satellites there, a go...
Jun 13, 2024
Wise forecasts up to 20% underlying income growth this year
LONDON (Reuters) - British money transfer company Wise forecast 15% to 20% growth in underlying income this year, a slowdown on the 31% seen in the year to end-March, when it was boosted by customer growth and higher interest rates. The company on ...
Jun 13, 2024
Alphabet hit with Austrian privacy complaint over alleged browser tracking
By Foo Yun Chee BRUSSELS (Reuters) - Alphabet's Google was hit with a complaint by Austrian advocacy group NOYB on Thursday for allegedly tracking users of its Chrome Web browser, an issue already on EU antitrust regulators' radar. The U.S. tech gi...
Jun 13, 2024
China's Ant Group invests $2.9 billion in technology research last year
SHANGHAI (Reuters) - China's Ant Group said Thursday it invested a record high 21.19 billion yuan ($2.92 billion) in technology research and development in 2023, largely focussed on AI technology. The firm, which disclosed the investments as part o...
Jun 13, 2024
Amazon, Vrio to launch satellite internet in South America, competing with Starlink
By Eliana Raszewski BUENOS AIRES (Reuters) - Amazon and telecommunications firm Vrio will jointly launch a satellite internet service in seven South American countries, the two parties said on Thursday, putting them in direct competition with Elon ...
Jun 13, 2024
Google partners with Nevada utility for geothermal to power data centers
NEW YORK (Reuters) - Google has entered into an agreement with Berkshire Hathaway electric utility NV Energy to power its Nevada data centers with advanced geothermal electricity, the U.S. technology company said on Wednesday. The deal, which has b...
Jun 13, 2024
China hopes EU will reconsider EV tariffs, state media reports
HONG KONG (Reuters) - China hopes the European Union will seriously reconsider tariffs for Chinese EVs and stop going further in the "wrong direction", according to a commentary in state-backed news Xinhua. The statement comes after the European Co...
Jun 13, 2024
Revolut picks new Canary Wharf HQ as it expands headcount
By Elizabeth Howcroft LONDON (Reuters) - Britain's Revolut is to become the first tenant in a newly refurbished building in London's Canary Wharf financial district, taking on 40% more floorspace for its new headquarters as the fintech firm acceler...
Jun 12, 2024
Samsung announces turnkey approach to AI chipmaking
SEOUL/SAN JOSE (Reuters) - Samsung Electronics said on Wednesday that its chip contract manufacturing business plans to harness the AI boom by offering a one-stop shop for clients to get their AI chips made faster by integrating its global No. 1 me...
Jun 12, 2024
Chipmaker Broadcom raises annual revenue forecast, unveils stock split
(Reuters) - Tech conglomerate Broadcom raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from businesses investing in artificial intelligence infrastructure. Shares of the Palo A...
Jun 12, 2024
Roaring Kitty may have cut GameStop options position, strategists say
By Saqib Iqbal Ahmed NEW YORK (Reuters) - A surge of trading in some short-dated GameStop options contracts on Wednesday suggested to some market participants that Keith Gill, the stock influencer known as Roaring Kitty, may have sold some of his r...
Jun 12, 2024
US agency seeks answers from Waymo in self-driving vehicle probe
WASHINGTON (Reuters) - The National Highway Traffic Safety Administration said Wednesday it is seeking additional details about a series incidents that raise concerns about the performance of Alphabet's Waymo self-driving vehicles. In May, the U.S....
Jun 12, 2024
Crypto firm Terraform Labs agrees to pay $4.47 billion to resolve dispute with SEC
(Reuters) - Crypto firm Terraform Labs has agreed to pay $4.47 billion to resolve a lawsuit filed by the Securities and Exchange Commission, the regulator said on Wednesday. (Reporting by Niket Nishant in Bengaluru; Editing by Anil D'Silva)
Jun 12, 2024
French cognac makers 'deeply concerned' after EU slaps tariffs on Chinese EVs
PARIS (Reuters) - French cognac producers are "deeply" worried about the results of a Chinese probe into European cognac imports, a trade body said on Wednesday, after the European Commission imposed tariffs on imports of Chinese electric vehicles....
Jun 12, 2024
Hungary condemns EU tariffs on Chinese EV imports
BUDAPEST (Reuters) - Hungary disagrees with Europe's "brutal" punishment of Chinese electric car manufacturers, its economy ministry said on Wednesday, hours after the European Commission said it would impose tariffs on Chinese electric vehicle (EV...
Jun 12, 2024
Audi to invest 1 billion euros in electric vehicles projects in Mexico
MEXICO CITY (Reuters) -German carmaker Audi will invest one billion euros ($1.08 billion) in electric vehicle projects in the Mexican state of Puebla, the state's governor said on Tuesday. The investment will lead to the creation of 500 new jobs, the P...
Jun 12, 2024
Apple overtakes Microsoft to return as world's most valuable company
(Reuters) -Apple once again became the world's most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology. Its shares rose more than 2% to $211.7...
Jun 12, 2024
Citron Research closes GameStop short position
By Pranav Kashyap and Medha Singh (Reuters) - Citron Research no longer has a short position in retail traders' favorite GameStop, the short seller said on X.com on Wednesday, days after taking a bearish position in the company. "It's not because w...
Jun 12, 2024
Bitcoin miner Riot Platforms attacks takeover target Bitfarms over poison pill
(Reuters) - Riot Platforms said Bitfarms' move to adopt a poison pill to thwart its acquisition by the bitcoin miner was "shareholder unfriendly" and highlighted the lack of solid corporate governance standards. Riot said on Wednesday it had privat...
Jun 12, 2024
Apple becomes the first $1 trillion global brand, Kantar says
(Reuters) - U.S. technology firm Apple has become the first brand to cross $1 trillion in brand value, a 15% jump from last year, a global ranking by Kantar's BrandZ showed on Wednesday. The iPhone maker retained its crown as the world's most valua...
Jun 12, 2024