Global AI summit in Seoul aims to forge new regulatory agreements
SEOUL (Reuters) - Global leaders and officials taking part in an AI summit being hosted by South Korea and Britain are expected to strike new agreements focused on how to practically regulate the rapidly evolving technology, government and industry...
2h ago
Sanofi partners with OpenAI, Formation Bio on AI-driven drug development
(Reuters) - French drugmaker Sanofi on Tuesday announced it is collaborating with artificial intelligence company OpenAI and Formation Bio to boost its drug development projects through the use of Artificial Intelligence. Sanofi said in a statement...
4h ago
Exclusive-Apple supplier Foxconn among firms asked to cut power use in Vietnam, sources say
By Francesco Guarascio and Ben Blanchard HANOI/TAIPEI (Reuters) - Vietnamese officials have called on Apple supplier Foxconn to voluntarily reduce power use by 30% at its assembly plants in the north of the country where there were electricity outa...
5h ago
Scarlett Johansson says OpenAI chatbot voice 'eerily similar' to hers
By Dawn Chmielewski and Anna Tong Scarlett Johansson on Monday accused OpenAI of creating a voice for the ChatGPT system that sounded "eerily similar" to the actress after she declined to voice the chatbot herself. Johansson made the comments in a stat...
9h ago
Samsung Elec appoints new chief for its chip business
SEOUL (Reuters) - Samsung Electronics said it has appointed YoungHyun Jun as the company's new chief for its semiconductor unit. "This is a preemptive measure to strengthen the future competitiveness," Samsung Electronics said in a statement. (Rep...
10h ago
AI-intensive sectors are showing a productivity surge, PwC says
LONDON (Reuters) - EMBARGOED 0001 LOCAL TUESDAY The types of business which are most likely to use artificial intelligence are seeing growth in workers' productivity that is almost five times faster than elsewhere, raising hopes for a boost to the ...
11h ago
Keysight forecast third-quarter profit below estimates on slow demand
(Reuters) - Electronic equipment maker Keysight Technologies forecast third-quarter profit below estimates on Monday, anticipating slow demand in electronics industrial markets amid high borrowing costs. Shares of Keysight, which provides electroni...
13h ago
Trump's social media company discloses inquiry from FINRA
(Reuters) -The owner of Donald Trump's social media company Truth Social said on Monday it had cooperated with an inquiry from the Financial Industry Regulatory Authority (FINRA) tied to its blank-check merger. The inquiry from FINRA, Wall Street's sel...
13h ago
Bitcoin rises to $70,206
(Reuters) - Bitcoin rose to $70,206 at 20:03 GMT on Monday, adding $3,931 to its previous close. The world's biggest and best-known cryptocurrency is up 82.3% from the year's low of $38,505 on Jan. 23. Ether, the coin linked to the ethereum blockch...
13h ago
Zoom Video raises full-year revenue forecast
(Reuters) -Zoom Video Communications raised its full-year revenue forecast on Monday, helped by robust demand for its product portfolio as companies continue to adopt hybrid work models. The upbeat outlook suggests that Zoom's efforts to incorporate ar...
14h ago
Palo Alto Networks forecasts quarterly billings above estimates
(Reuters) - Palo Alto Networks forecast fourth-quarter billings above Wall Street estimates on Monday, a sign that clients are turning to the cybersecurity firm for its integrated software security tools. The company expects fourth-quarter billings...
14h ago
Exclusive-Sprout Social's founders in bid to take social media tools provider private, sources say
By Milana Vinn and Anirban Sen NEW YORK (Reuters) - The founders of Sprout Social are in talks to take the provider of social media tools to businesses private, changing course after listing the company in the stock market five years ago, people fa...
15h ago
Jabil replaces CEO after investigation, pulls 2025 forecast
(Reuters) - Jabil CEO Kenneth Wilson will leave immediately, the company said on Monday, following the completion of a previously disclosed investigation related to "corporate policies" and will be succeeded by finance chief Michael Dastoor. The el...
16h ago
Self-proclaimed bitcoin inventor lied 'repeatedly' to support claim, says UK judge
LONDON (Reuters) - An Australian computer scientist who claimed he invented bitcoin lied "extensively and repeatedly" and forged documents "on a grand scale" to support his false claim, a judge at London's High Court ruled on Monday. Craig Wright h...
20h ago
Crypto manager Grayscale appoints Goldman exec Peter Mintzberg as new CEO
(Reuters) - Grayscale Investments on Monday said it has appointed Goldman Sachs executive Peter Mintzberg as its Chief Executive Officer, effective mid-August, weeks after the digital asset manager withdrew its application for Ethereum futures ETF....
21h ago
Ukraine's Kyivstar allocated $90 million to deal with cyberattack aftermath
(Reuters) - Ukraine's leading mobile operator Kyivstar has allocated $90 million to deal with a suspect Russian cyberattack on its services and said it had hit its growth. The hack, described by its CEO as the biggest cyberattack on telecoms infras...
21h ago
Website creator Wix.com Q1 profit tops estimates, raises 2024 outlook
JERUSALEM (Reuters) - Wix.com, which helps small businesses build and operate websites, reported on Monday a higher-than-expected rise in quarterly net profit, boosted by its new artificial intelligence (AI) and Studio products for designing advanc...
23h ago
CyberArk to acquire Venafi in $1.5 billion deal
(Reuters) - Cybersecurity firm CyberArk said on Monday it will acquire Venafi from equity firm Thoma Bravo in a deal valued at around $1.54 billion. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Vijay Kishore)
May 20, 2024
Microsoft to unveil AI devices and features ahead of developer conference
By Max A. Cherney SEATTLE (Reuters) - Microsoft plans to announce several pieces of hardware and software related to consumer devices on Monday at an event at its Redmond, Washington, campus. The Windows maker is expected to reveal a new version of...
May 20, 2024
Google invests 1 billion euros in Finnish data centre to drive AI growth
HELSINKI (Reuters) - Alphabet-owned Google will invest a further 1 billion euros ($1.1 billion) into the expansion of its data centre campus in Finland to drive its artificial intelligence (AI) business growth in Europe, it said in a statement on M...
May 20, 2024
Kirin's electric spoon leaps from Ig Noble infamy to the dinner table
By Tom Bateman TOKYO (Reuters) - Japanese drinks giant Kirin Holdings will start selling an electrified spoon that researchers claim can promote healthier eating by enhancing salty tastes without extra sodium. Monday's product launch marks the firs...
May 20, 2024
Apple slashes iPhone prices in China amid fierce Huawei competition
BEIJING (Reuters) - Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models. The discounting comes as the U.S. tech giant seeks to defend its p...
May 20, 2024
Paris vies for Europe's AI crown as key conference beckons
By Martin Coulter LONDON (Reuters) - France will this week host tech executives and political figures including former U.S. secretary of state John Kerry, EU industrial chief Thierry Breton and ex-Google boss Eric Schmidt as it looks to assert Pari...
May 20, 2024
Wall Street bets on stellar quarterly results from Nvidia
By Arsheeya Bajwa (Reuters) - Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can maintain its explosive growth and stay ahead of ...
May 20, 2024
French startup Pasqal to deploy first quantum computer in Saudi Arabia
PARIS (Reuters) - Paris-based quantum computer startup company Pasqal announced it had signed a partnership with Saudi Arabia's state oil giant Aramco to install the first quantum computer in the country. Pasqal will install, maintain, and operate ...
May 20, 2024