UK's CMA says Microsoft-Mistral AI tie-up does not call for probe
(Reuters) - Britain's competition watchdog said on Friday the partnership between Microsoft and Mistral AI did not qualify for an investigation. The announcement comes after the Competition and Markets Authority (CMA) said in April it was seeking c...
46m ago
EU demands clarity from Microsoft on AI risks in Bing
BRUSSELS (Reuters) -The European Commission could fine Microsoft if it doesn't provide adequate information on risks stemming from generative AI features in search engine Bing by May 27. The Commission said on Friday that it is worried about the dissem...
46m ago
Hong Kong allows China's digital yuan to be used in local shops
By Selena Li HONG KONG (Reuters) - Hong Kong will allow mainland China's pilot digital currency to be used in shops in the city, the head of its de facto central bank said on Friday, marking a step forward for Beijing's efforts to internationalise...
2h ago
Prosus, parent group Naspers name Fabricio Bloisi as new CEO
(Reuters) -Dutch technology investor Prosus and its South African parent group Naspers on Friday named Fabricio Bloisi as the new chief executive, replacing long-time boss Bob van Dijk who stepped down last September. Bloisi, currently the CEO at iFood...
3h ago
Exclusive-Shanghai compiles data list eligible for faster overseas transfer, document shows
SHANGHAI (Reuters) - Shanghai has compiled a list of data that can be transferred overseas without security assessments, according to a government document seen by Reuters, a much anticipated move as China tries to lure foreign investment to boost ...
3h ago
Exclusive-Musk pushes plan for China data to power Tesla's AI ambitions
By Fanny Potkin SHANGHAI/SINGAPORE (Reuters) - Tesla is pushing ahead with plans to power the global development of its self-driving system with data from China that could be processed within the country, part of a strategic shift by Elon Musk, acc...
4h ago
British grocer Sainsbury's partners with Microsoft to use AI for data insights
LONDON (Reuters) - Britain's Sainsbury's said on Friday it has agreed a five-year strategic partnership with Microsoft that will use the technology company's artificial intelligence capabilities and the supermarket group's rich data. Seeking revenu...
6h ago
GM, LG agree on $150 million relief fund for Chevy Bolt EV owners over faulty batteries
(Reuters) - General Motors and South Korean battery firm LG Energy Solution reached a settlement to establish a $150 million fund to provide monetary relief to Chevrolet Bolt EV owners who were affected by defective batteries, documents filed in a ...
8h ago
Stability AI in talks to raise money from investor group
(Reuters) - British artificial intelligence startup Stability AI is in talks with a group of investors for a large equity investment to inject funds into the cash-strapped firm, a company spokesperson told Reuters on Thursday. "Stability AI is enga...
9h ago
Space data fuels India's farming innovation drive
By Nivedita Bhattacharjee BENGALURU (Reuters) - Lokeswara Reddy, an Indian farmer with two decades of experience, has seen his crops flourish after lean years, thanks to earth-observation satellites. Shifting climate patterns, high input costs, a s...
9h ago
Crypto boom, erratic rain spark outages in Laos, Asia's clean power export hub
By Sudarshan Varadhan BANGKOK (Reuters) - Higher electricity demand in Laos due to cryptocurrency mining and erratic rainfall have led to power shortages, an advisor to its state-run utility said, revealing challenges to the nation's prospects as a...
10h ago
Google seeks non-jury trial in US ad tech lawsuit, filing says
WASHINGTON (Reuters) - Alphabet's Google in a court filing on Thursday is seeking a non-jury trial in the U.S. Justice Department's lawsuit accusing the advertising and search giant of anticompetitive practices in the online advertising marketplace...
10h ago
Take-Two expects GTA VI launch in fall 2025, cuts bookings forecast
(Reuters) -Take-Two Interactive Software tempered expectations for fiscal 2025 bookings on Thursday, after setting the release of the highly anticipated "Grand Theft Auto VI" in the fall of calendar 2025. Shares of the New York-based company fell 3.5% ...
13h ago
Copart's third-quarter revenue beats as vehicle sales rise
(Reuters) - Online vehicle auction services provider Copart marginally beat third-quarter revenue estimates on Thursday as vehicle sales increased. The Dallas-based company, which primarily provides services to sell damaged and total-loss vehicles ...
13h ago
AI voiceover company stole voices of actors, New York lawsuit claims
By Blake Brittain (Reuters) - Two voice actors sued artificial-intelligence startup Lovo in Manhattan federal court on Thursday, accusing the company of illegally copying their voices and using them without permission in its AI voiceover technology...
14h ago
OpenAI strikes deal to bring Reddit content to ChatGPT
(Reuters) -Reddit has partnered with OpenAI to bring the social media platform's content to popular chatbot ChatGPT, the companies said on Thursday, sending Reddit's shares up 12% in extended trade. The deal underscores Reddit's attempt to diversify it...
14h ago
Applied Materials forecasts strong third quarter on AI boom
(Reuters) -Semiconductor equipment maker Applied Materials forecast third-quarter results largely above Wall Street estimates on Thursday, indicating robust demand fueled by an artificial intelligence boom. The company has benefited from growing demand...
15h ago
Figma valued at $12.5 billion in tender offer backed by Fidelity, others
By Krystal Hu (Reuters) - Cloud-based designer platform Figma is closing a deal to allow its employees and early investors to sell their stake to new and existing investors at a valuation of $12.5 billion, the company said on Thursday. Figma, whose...
16h ago
Tesla gets local council go-ahead for German factory expansion
GRUENHEIDE, Germany (Reuters) - Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric vehicle maker's plans. The green light from the Gr...
17h ago
Ampere Computing pairs with Qualcomm on AI, unveils new chip
By Stephen Nellis and Max A. Cherney (Reuters) - Ampere Computing on Thursday said it was pairing its chips with those from Qualcomm in a new offering aimed at lowering the power bills from operating artificial intelligence chips. Founded by Renee ...
19h ago
Exclusive-Vercel completes $250 million Series E round at $3.25 billion valuation
By Anna Tong (Reuters) - Vercel, a software startup that provides a platform for building cloud-based web applications, on Thursday said it has raised $250 million in a Series E funding round that values the company at $3.25 billion. The round was ...
21h ago
Cisco rises as networking equipment demand rebound takes root
(Reuters) - Cisco Systems shares rose about 4% before the bell on Thursday after an upbeat fourth-quarter forecast signaled further stabilization in networking equipment demand and benefits from its $28 billion deal for cybersecurity firm Splunk. T...
May 16, 2024
Meta faces EU investigation over child safety risks
By Foo Yun Chee BRUSSELS (Reuters) - Meta Platforms' social media sites Facebook and Instagram will be investigated for potential breaches of EU online content rules relating to child safety, EU regulators said on Thursday, a move that could lead t...
May 16, 2024
GameStop, AMC slide as meme stocks rally loses steam
(Reuters) - Retail darlings GameStop and AMC continued their slide into premarket trading on Thursday, as the euphoria over the return of "Roaring Kitty", who was the central figure in 2021 meme stock rally, fizzles out. Shares of the struggling vi...
May 16, 2024
India's Zoho plans $700 million foray into chipmaking
By Munsif Vengattil NEW DELHI (Reuters) - Indian software firm Zoho is planning a foray into chipmaking and seeking incentives from the federal government, two sources with direct knowledge of the proposal said, with one of them pegging the investm...
May 16, 2024