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Technology
SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom
SEOUL (Reuters) -South Korea's SK Hynix Inc said it expected a full recovery in memory chips on AI demand, posting its highest profit in nearly two years on sales of advanced DRAM chips with high bandwidth memory (HBM) for use in generative AI chipsets.
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Technology
Cisco says hackers subverted its security devices to spy on governments
WASHINGTON (Reuters) - Technology firm Cisco Systems said that hackers have subverted some of its digital security devices to break in to government networks globally.
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Technology
Disappointing Meta forecast pulls down tech peers in extended trade
NEW YORK (Reuters) - Disappointing forecasts from Facebook parent Meta Platforms has proven contagious, sparking a sell-off in tech and tech-related stocks in after-hours trading.
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Technology
IBM to buy HashiCorp in $6.4 billion deal to expand in cloud
(Reuters) -International Business Machines will buy HashiCorp in a deal valued at $6.4 billion, the company said on Wednesday, expanding its cloud-based software products to tap into an AI-powered boom in demand.
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Technology
Meta shares sink on higher AI spending, light revenue forecast
(Reuters) -Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and lighter-than-expected revenue, knocking nearly $200 billion off its stock market value and raising fears the surging cost of AI is outpacing its benefits.
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Technology
TSMC says 'A16' chipmaking tech to arrive in 2026, setting up showdown with Intel
SANTA CLARA, California (Reuters) -Taiwan Semiconductor Manufacturing Co said on Wednesday that a new chip manufacturing technology called "A16" will enter production in the second half of 2026, setting up a showdown with longtime rival Intel over who can make the world's fastest chips.
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Technology
TikTok artists and advertisers to stay with app until 'door slams shut'
(Reuters) - Ban or no ban, TikTok's partners in the music and advertising world plan to stick with the massively popular short-form video platform until the bitter end, seven industry leaders told Reuters.
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Technology
TikTok to suspend TikTok Lite's reward programme amid EU concerns
BRUSSELS (Reuters) - TikTok will voluntarily suspend its new app TikTok Lite's reward programme while it works to address EU concerns, the company said on X social media platform on Wednesday.
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Technology
ASML approves Christophe Fouquet as CEO at annual meeting
AMSTERDAM (Reuters) -ASML has approved the appointment of Christophe Fouquet as the company's new CEO.
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Technology
AT&T beats estimates for subscriber additions, free cash flow
(Reuters) -AT&T surpassed Wall Street expectations for first-quarter wireless subscriber additions and free cash flow on Wednesday as more people purchased its higher-tier unlimited plans.
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Technology
Exclusive-Google rival Tuta complains to EU tech regulators about de-ranking
BRUSSELS (Reuters) - German email service Tuta Mail has complained to European Union tech regulators about what it described as a sudden drop in Google search results on the day the bloc's new tech rules kicked in.
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Technology
Microsoft's AI lead puts Amazon cloud dominance on watch
(Reuters) - Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com as more businesses switch to its services, attracted by a clutch of generative AI features that are powered by OpenAI's technology.
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Technology
TE Connectivity beats quarterly profit estimates on sensor demand
(Reuters) - TE Connectivity beat Wall Street estimates for second-quarter profit on Wednesday, helped by strong demand for its sensor technology from electric vehicle (EV) makers across the globe.
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Technology
UK watchdog seeks views on Microsoft's and Amazon's AI partnerships
(Reuters) -Britain's competition watchdog said on Wednesday it was seeking comments on the AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
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Technology
Texas Instruments' upbeat Q2 forecast pushes chip stocks higher
(Reuters) -Texas Instruments jumped around 6.5% on Wednesday, sparking a rally in chip stocks as its strong second-quarter revenue forecast fanned optimism that chip demand was picking up after a years-long slump.
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Internet
Italy fines Amazon over ‘recurring’ purchase option
Italy’s competition authority said April 24 it had fined two Amazon companies €10mil (RM51.04mil) for unfair commercial practices, for pushing customers into agreeing to “recurring” rather than “one-time” purchases online.
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Technology
Taiwan chipmaker UMC warns of muted auto, industrial demand
TAIPEI (Reuters) - Taiwanese chipmaker UMC said on Wednesday it expected a rise in wafer shipments in the second quarter as inventory levels for computing, consumer and communications segments improved, but warned of muted auto and industrial demand.
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Technology
Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears
(Reuters) - Tesla shares surged 10% on Wednesday after the electric-car maker eased some worries about growth with a prediction that sales would rise this year and said it would roll out more affordable models in early 2025.
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Social media
TikTok ban looms with Biden poised to start 270-day countdown
For TikTok, the clock has started running in its existential fight to avoid a US ban.
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Internet
Computer-generated fake nudes discovered by victims on the Internet, Florida cops say
A rapidly spreading form of sexual exploitation hit home for three people in Florida, when they discovered surreal nude photos of themselves posted on the Internet, according to investigators.