Video game maker Ubisoft swings to full-year operating profit on record bookings
By Gaelle Sheehan (Reuters) - French video games group Ubisoft swung to an operating profit for its full-year to end-March, it said on Wednesday, as record bookings helped it reverse a year earlier loss of 500 million euros, its biggest ever. Ubiso...
4h ago
Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users
By Yuvraj Malik and Arsheeya Bajwa (Reuters) - Uber Technologies is introducing a shuttle service in the U.S. and widening a delivery tie-up with membership-only retailer Costco as part of a series of initiatives unveiled on Wednesday to attract p...
5h ago
Data platform firm WekaIO notches $1.6 billion valuation after lastest funding round
(Reuters) - Data platform company WekaIO notched a valuation of $1.6 billion in a round led by Valor Equity Partners as a funding winter, especially for tech startups focused on artificial intelligence, is easing. The company said on Wednesday that...
5h ago
US, China hold AI risk, safety talks, White House says
WASHINGTON (Reuters) - The United States and China on Tuesday held talks on artificial intelligence, the White House said in a statement. U.S. and Chinese officials held a 'candid and constructive discussion' on AI risk management in meetings in Sw...
5h ago
AI could bring 50 billion euro benefit to Italian companies, Accenture study shows
ROME (Reuters) - Italian companies could increase the added value they create by about 50 billion euros ($54.30 billion) by 2030 with the generalised use of generative Artificial Intelligence (AI), according to a study by Accenture published on Wed...
6h ago
Veon teams up with partners to bridge online 'AI language gap'
(Reuters) - Telecom company Veon, mobile operator Beeline Kazakhstan, the Barcelona Supercomputing Center and the GSMA lobby group said on Wednesday they would work together to bridge an "AI language gap" for under-represented languages. Large lang...
6h ago
Cerebras Systems, Aleph Alpha to supply AI to German military
By Max A. Cherney (Reuters) - Silicon Valley firm Cerebras Systems on Wednesday said it will supply a supercomputing system to Aleph Alpha, a German technology startup that will use it to develop artificial intelligence for the German Armed Forces....
6h ago
Wallet recovery firms buzz as locked-out crypto investors panic in bitcoin boom
By Ankika Biswas and Johann M Cherian (Reuters) - The recent surge in bitcoin prices has the phones at crypto wallet recovery firms ringing off the hook, as retail investors locked out of their digital vaults make frantic calls to regain access to...
8h ago
SK Innovation considering sale of battery materials unit SKIET, paper reports
SEOUL (Reuters) - South Korea's SK Innovation is considering selling its subsidiary SK IE Technology (SKIET) to restructure its battery business, the Maeil Business newspaper reported on Wednesday. The move is aimed at easing financial difficulty f...
8h ago
Frank McCourt's Project Liberty forms consortium to bid for TikTok's US operations
(Reuters) - Entrepreneur and former Los Angeles Dodgers owner Frank McCourt said on Wednesday his non profit Project Liberty is forming a consortium to buy social media platform TikTok in the United States. A law signed by President Joe Biden on Ap...
9h ago
UK refers AlphaTheta-Serato DJ tech deal to deeper probe
(Reuters) - Britain's competition regulator referred Japan-based DJ equipment maker AlphaTheta's proposed deal to acquire New Zealand's Serato to a lengthier probe on Wednesday. The move to launch a phase 2 investigation comes two weeks after the C...
9h ago
US House committee to vote on bill to restrict BGI, WuXi AppTec
By Karen Freifeld (Reuters) - U.S. legislation that would restrict business with China's BGI, WuXi AppTec and certain other biotech companies on national security grounds will be voted on by a committee in the House of Representatives on Wednesday....
9h ago
Exclusive-Musk's Neuralink has faced issues with its tiny wires for years, sources say
By Rachael Levy (Reuters) - Neuralink's disclosure last week that tiny wires inside the brain of its first patient had pulled out of position is an issue the Elon Musk company has known about for years, according to five people familiar with the ma...
10h ago
GameStop, AMC soar in Frankfurt as meme-stock rally roars on
LONDON (Reuters) - Retail investor darlings GameStop and AMC Entertainment's Frankfurt-listed shares jumped on Wednesday, in a continuation of this week's rally after posts from "Roaring Kitty" Keith Gill a central figure behind the 2021 meme stock...
10h ago
US senators unveil AI policy roadmap, seek government funding boost
By David Shepardson WASHINGTON (Reuters) - A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government research funding of artificial intelligence as they debate new legal safeguard...
10h ago
Malaysia to ask Meta to explain removal of Facebook posts on PM's Hamas meeting
KUALA LUMPUR (Reuters) - Malaysia will ask Meta Platforms to explain the removal of posts from Facebook related to media reports of Prime Minister Anwar Ibrahim's publicised meeting this week with a Hamas leader, its government said on Wednesday. A...
12h ago
Amazon Web Services plans $8.4 billion cloud investment in Germany
STOCKHOLM (Reuters) - Amazon Web Services (AWS) said on Wednesday it plans to invest 7.8 billion euros ($8.44 billion) in Germany through 2040 as it builds a cloud computing infrastructure specifically for Europe. AWS last year announced plans to s...
14h ago
Sony shares leap 12% on buyback and dividend plans, higher profit outlook
By Sam Nussey TOKYO (Reuters) - Shares in Sony Group jumped 12% in early Tokyo trading on Wednesday after the company pledged to boost shareholder returns and forecast higher annual profit with a boost from its image sensors business. The tech and ...
17h ago
Huawei flagship store surge in China signals showdown with Apple
By Josh Ye HONG KONG (Reuters) - Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone's throw away from Apple shops, as it seeks to retake the premium electronics throne in the world's bi...
18h ago
Australia's Iress says client data at OneVue platform compromised
(Reuters) - Australia's Iress Ltd said on Wednesday a stolen credential from its third-party user space was used to gain access to client data in the production environment of the financial services software platform OneVue over the weekend. "It ha...
19h ago
China's Hailiang, Shinzoom to build auto battery plants in Morocco
By Ahmed Eljechtimi RABAT (Reuters) - Chinese auto battery manufacturers Hailiang and Shinzoom will set up two separate plants in Morocco, as the country seeks to adapt its growing automotive sector to increasing demand for electric vehicles, Moroc...
19h ago
Tesla to lay off an additional 601 employees in California - government notice
SAN FRANCISCO (Reuters) - Tesla plans to lay off an additional 601 employees in California, according to its notice to government agencies on Monday. The electric carmaker said last month it will lay off 6,020 people in California and Texas, as par...
20h ago
YouTube to block Hong Kong protest anthem videos after court order
MOUNTAIN VIEW, California (Reuters) -Alphabet's YouTube on Tuesday said it will comply with a Hong Kong court decision and block access to 32 video links deemed to be prohibited content. The action follows a government application granted by Hong Kong'...
20h ago
OpenAI co-founder Ilya Sutskever departs
(Reuters) -OpenAI co-founder Ilya Sutskever said on Tuesday he is leaving the ChatGPT maker. "After almost a decade, I have made the decision to leave OpenAI," he said in a post on X. Sam Altman, CEO of the Microsoft-backed company said Jakub Pachocki ...
20h ago
El Salvador mined nearly 474 bitcoins, adding to state crypto holding, in last three years
By Nelson Renteria SAN SALVADOR (Reuters) - El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government's total bitcoin portfolio to nearly $354 mi...
20h ago