Latest
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Technology
Trump poised to clinch $1.3 billion social media company stock award
(Reuters) - Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares.
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Technology
Amazon launches low-cost grocery delivery subscription plan in US
(Reuters) - Ecommerce giant Amazon.com launched a new grocery delivery subscription on Tuesday in the United States for members of its Prime program and customers who are recipients of the government food assistance benefits.
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Technology
Spotify profits up, but lower marketing hits user growth
STOCKHOLM (Reuters) -Spotify's quarterly gross profit topped 1 billion euros ($1.1 billion) for the first time after it reined in marketing spending, although that meant the music streaming giant missed its forecast for monthly active users.
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Technology
Adobe to bring full AI image generation to Photoshop this year
(Reuters) -Adobe said on Tuesday it plans to place a tool for full artificial intelligence image generation in its Photoshop software later this year.
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Technology
Tesla shares edge higher ahead of quarterly results
(Reuters) - Shares of Tesla edged higher on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years.
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Social media
TikTok risks fines as EU issues ultimatum over app launch
The European Union opened a new probe Monday into whether ByteDance Ltd violated the bloc’s new content law when it launched its TikTok Lite app in France and Spain without providing a full risk assessment.
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Social media
TikTok’s crackdown on Ozempic influencers threatens weight-loss drug hype machine
TikTok is trying to rein in the Ozempic hype.
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Technology
China’s cheap EVs redraw the map of where cars get made
China is set to change the map of global automaking by stepping up electric-car exports that will intensify mass-market competition, according to the International Energy Agency.
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Technology
Microsoft launches lightweight AI model
(Reuters) -Microsoft on Tuesday launched a lightweight artificial intelligence model, as it looks to attract a wider client base with cost-effective options.
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Technology
Tesla layoffs draw suit claiming not enough warning for workers
Tesla Inc was sued by a former employee who claims the company’s decision to lay off about 10% of its workforce in a global retrenchment violated the law by failing to provide required advance notice.
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TECH
China wants everyone to trade in their old cars, fridges to help save its economy
China’s world-beating electric vehicle industry, at the heart of growing trade tensions with the US and Europe, is set to receive a big boost from the government’s latest effort to accelerate growth.
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Internet
HK$888,888 for a set of plastic utensils? Hongkongers have some fun with ban
As city bans single-use plastic, some residents are offering ‘out-of-production’ items for eye-watering prices online. Facebook users discussing sales offer enthusiastic support, with one urging people to buy it quickly as ‘prices will rise further’.
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Technology
North Korea hacking teams hack South Korea defence contractors - police
SEOUL (Reuters) - Major North Korean hacking groups have mounted "all-out" cyber attacks against South Korean defence companies for more than a year, breaching the firms' internal networks and stealing technical data, South Korea's police said on Tuesday.
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Technology
Vietnam's FPT to invest $200 million in AI factory using Nvidia chips
HANOI (Reuters) - Vietnam's top tech firm FPT plans to build a $200 million artificial intelligence (AI) factory using Nvidia's graphics chips and software, the two firms said on Tuesday.
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Internet
Report urges fixes to online child exploitation CyberTipline before AI makes it worse
A tipline set up 26 years ago to combat online child exploitation has not lived up to its potential and needs technological and other improvements to help law enforcement go after abusers and rescue victims, a new report from the Stanford Internet Observatory has found.
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Technology
OVH's shares plunge after it cuts 2024 profit target
(Reuters) -OVH Groupe's shares plunged more than 14% on Tuesday, heading for their biggest daily fall, after the French cloud services company cut its 2024 core profit target citing weaker demand in its key European market.
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AI
Tech CEOs assess the AI revolution so far
With artificial intelligence technology rapidly advancing for a variety of use cases across industries, tech leaders say companies leading the current AI revolution have a responsibility to guide the ship through collaborative research and development efforts toward uses that are safe and practical.
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Gadgets
Your brain waves are up for sale. A new law wants to change that.
With the advent of consumer neurotechnologies, the data being collected from consumers is becoming ever more intimate.
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Internet
Here’s how to file your income tax returns online with LHDN, deadline May 15
For those who have been putting it off and may need a refresher, or first-timers fresh out of school at their first job, here's a guide along with some tips to get through it.
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AI
Earth Day: How AI is helping drive down food waste
As intriguing for some as it is threatening for others, artificial intelligence is nonetheless an additional tool in the fight to reduce food waste, estimated at 1.05 billion tonnes worldwide in 2022, according to recent UN data. This Earth Day, here's a look at three initiatives that are using this new technology to help find solutions to the problem of food waste.