EU to take further action against Apple over digital market rules, Breton says
(Reuters) - The EU will take further action against Apple on Monday linked to the company's compliance to tech regulation known as the Digital Markets Act, Commissioner Thierry Breton said in a post on X. "For too long @Apple has been squeezing out...
Jun 24, 2024
Prosus full-year core headline earnings jump 84%
(Reuters) - Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong performance in e-commerce operations, it said on Monday. Its core headline earnings were $5.0 billion, compared with $2.7 bil...
Jun 24, 2024
S.Africa's Naspers profit doubles on Tencent, e-commerce performance
(Reuters) - South Africa's Naspers said on Monday its full-year earnings more than doubled, buoyed by improved performance of its e-commerce businesses and contribution from China's Tencent, which accounts for the bulk of earnings and revenues. The...
Jun 24, 2024
Exclusive-China's ByteDance working with Broadcom to develop advanced AI chip, sources say
By Eduardo Baptista BEIJING (Reuters) - China's ByteDance is working with U.S. chip designer Broadcom on developing an advanced AI processor, two sources familiar with the matter said, a move that would help TikTok's owner secure sufficient supply ...
Jun 24, 2024
CDK Global begins to restore systems after cyber hack, Bloomberg News reports
(Reuters) - Retail technology and software provider CDK Global has begun working to restore systems used by about 15,000 auto retailers to conduct day-to-day business, Bloomberg News reported on Sunday. The company expected the process to take "sev...
Jun 23, 2024
Nvidia to launch in Middle East amid U.S. curbs on AI exports to region, Ooredoo CEO says
By Andrew Mills DOHA (Reuters) - Nvidia has signed a deal to deploy its artificial intelligence technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern countries, Ooredoo's CEO told Reuters. The agreement marks Nvi...
Jun 23, 2024
Apple, Meta have discussed an AI partnership, WSJ reports
(Reuters) - Facebook parent Meta Platforms has discussed integrating Meta's generative AI model into Apple Inc's recently announced AI system for iPhones, the Wall Street Journal reported on Sunday. (Reporting by Gursimran Kaur in Bengaluru, Edit...
Jun 23, 2024
EU tariffs on China not a 'punishment', says German economy minister
BEIJING (Reuters) - Proposed European Union tariffs on Chinese goods are not a "punishment", Germany's Economy Minister Robert Habeck told Chinese officials in Beijing on Saturday. Habeck's visit to China is the first by a senior European official ...
Jun 22, 2024
Boeing's Starliner return to Earth delayed indefinitely
(Reuters) - NASA and Boeing indefinitely postponed the Starliner spacecraft's return from the International Space Station to Earth, NASA said on Friday. (Reporting by Mrinmay Dey and Joey Roulette; Editing by Sandra Maler)
Jun 22, 2024
Stability AI appoints new CEO, the Information reports
(Reuters) -British artificial intelligence startup Stability AI has appointed Prem Akkaraju as its new chief executive officer, the Information reported on Friday, citing a person involved in the decision. Akkaraju, former CEO of visual effects company...
Jun 21, 2024
Hackers hit Poland Euro 2024 match broadcast in second attack
WARSAW (Reuters) - Hackers disrupted an online broadcast of Poland's Euro 2024 match with Austria on Friday, the state broadcaster said, the second cyberattack targeting the Polish soccer team during the championships. Initial checks suggested the ...
Jun 21, 2024
Apple to delay launch of AI-powered features in Europe, blames EU tech rules
By Foo Yun Chee BRUSSELS (Reuters) - Apple will delay launching three new artificial intelligence features because landmark European Union tech rules require it to ensure that rival products and services can function with its devices, the U.S. tech...
Jun 21, 2024
Comcast, Starlink sign deal to provide satellite-based connectivity to businesses
(Reuters) - Comcast's enterprise services unit signed a deal with SpaceX's Starlink to provide satellite-based connectivity to business customers in regions with limited network access, the global media and technology firm said on Friday. WHY IT'S ...
Jun 21, 2024
Tesla tells judge that shareholder vote should reverse Musk pay ruling
By Tom Hals WILMINGTON, Delaware (Reuters) - A Delaware judge should recognize a vote by Tesla shareholders in favor of Elon Musk's $56 billion pay package and reverse her January ruling that voided the compensation, the company said in a filing th...
Jun 21, 2024
OpenAI acquires database analytics firm Rockset
(Reuters) - Microsoft-backed OpenAI has acquired search and database analytics firm Rockset for an undisclosed sum, the ChatGPT maker said on Friday. A technology Rockset offers called vector search has benefited from increased adoption as more app...
Jun 21, 2024
US proposes targeted restrictions for AI, tech investment in China
By Andrea Shalal, David Lawder and Karen Freifeld WASHINGTON/NEW YORK(Reuters) - The United States on Friday issued what it described as targeted draft rules to ban or require notification of U.S. investments in artificial intelligence and other ke...
Jun 21, 2024
US imposes sanctions on Russia's AO Kaspersky Lab executives over cyber risks
WASHINGTON (Reuters) - The United States slapped sanctions on 12 people in senior leadership roles at AO Kaspersky Lab on Friday, citing cybersecurity risks a day after the Biden administration announced plans to bar the sale of the Russian company...
Jun 21, 2024
A $40 billion valuation would rank Revolut alongside Europe's biggest banks
By Elizabeth Howcroft and Tommy Reggiori Wilkes LONDON (Reuters) - British fintech Revolut is seeking a valuation of more than $40 billion through a planned share sale, sources have told Reuters, a valuation that would make it worth more than Germa...
Jun 21, 2024
Exclusive-Multiple AI companies bypassing web standard to scrape publisher sites, licensing firm says
By Katie Paul (Reuters) - Multiple artificial intelligence companies are circumventing a common web standard used by publishers to block the scraping of their content for use in generative AI systems, content licensing startup TollBit has told publ...
Jun 21, 2024
Ferrari says new plant will boost flexibility, shorten car development times
MARANELLO, Italy (Reuters) - Ferrari will use its new production site to boost manufacturing flexibility and shorten the time needed to develop and roll out new models, rather than to increase output, the CEO of the Italian luxury sports carmaker s...
Jun 21, 2024
FactSet rides on cost cuts to lift annual profit forecast
(Reuters) - FactSet Research Systems raised its forecast for annual adjusted profit on Friday, as the financial data and analytics company bets on cost cuts to counter sluggish revenue growth. Shares of the company rose 4.2% to $425.45 before the b...
Jun 21, 2024
Huawei says it has made huge strides, from operating systems to AI
SHENZHEN, China (Reuters) - China's Huawei Technologies said on Friday it had made breakthroughs in fields from operating systems to artificial intelligence, and that it had taken the company 10 years to do what the United States and Europe took 30...
Jun 21, 2024
Analysis-Nvidia's staggering gains leave investors wondering whether to cash in or buy more
By Lewis Krauskopf NEW YORK (Reuters) - The huge rally in Nvidia Corp's shares has investors weighing whether to cash in, hold on for more gains or chase a stock that has tripled during the past year. Nvidia this week briefly became the largest U.S...
Jun 21, 2024
SoftBank CEO talks up firm's AI ambitions
TOKYO (Reuters) - SoftBank Group CEO Masayoshi Son said on Friday that the group's mission was to help in humanity's progress by realising artificial super intelligence, which he said would exceed human capabilities by a factor of 10,000. "SoftBank...
Jun 21, 2024
In China, AI transformed Ukrainian YouTuber into a Russian
By Alessandro Diviggiano BEIJING (Reuters) - Olga Loiek, a University of Pennsylvania student was looking for an audience on the internet - just not like this. Shortly after launching a YouTube channel in November last year, Loiek, a 21-year-old fr...
Jun 21, 2024