Latest
-
Technology
Brazil agency orders Discord chat platform to suspend livestreaming over child safety concerns
BRASILIA, Aug 12 (Reuters) - Brazil's data protection authority ANPD ordered chat platform Discord to suspend livestreaming features, citing failures to protect children and teens from exposure to content promoting violence, self-harm and suicide.
-
Technology
AI code review platform CodeRabbit valued at $1.5 billion in latest funding round
Aug 12 (Reuters) - AI code review startup CodeRabbit said on Wednesday it had raised $143 million in a funding round that valued it at $1.5 billion.
-
Technology
Australia to make tech companies pay more outlets for content under reworked media law
SYDNEY, Aug 12 (Reuters) - Australia will raise the number of deals large tech firms must strike with local news outlets under a revamp of its media licensing laws to be introduced to parliament on Thursday, the government said, adding the measure would distribute advertising revenue to more domestic outlets.
-
Technology
Goldman looks to expand active-ETF presence with $2.3 billion Neos deal
Aug 12 (Reuters) - Goldman Sachs will acquire exchange-traded funds provider Neos Investments for as much as $2.25 billion, as the investment bank looks to bolster its presence in active asset management.
-
Technology
Nebius powers past estimates as customers race to secure AI computing power
Aug 12 (Reuters) - Nebius beat quarterly revenue estimates on Wednesday as booming demand for AI infrastructure helped it land larger contracts and increase prices, sending shares of the cloud-computing company up more than 20%.
-
Technology
German advocacy group lodges criminal complaint over Meta AI glasses
FRANKFURT, Aug 12 (Reuters) - A German advocacy group has filed a criminal complaint against Meta and other companies selling the technology group's AI glasses in Germany, arguing the devices violate privacy laws.
-
Technology
Factbox-What's the latest in the trials over claims social media is hurting children?
Aug 12 (Reuters) - Meta Platforms, Google's YouTube, TikTok parent ByteDance and Snap Inc are facing thousands of lawsuits brought by states, school districts and individuals alleging they intentionally designed their platforms to keep young users hooked.
-
Technology
CoreWeave, Super Micro surge on signs of sustained AI buildout
Aug 12 (Reuters) - Shares of CoreWeave and Super Micro Computer jumped to their highest since June on Wednesday after upbeat forecasts from the two AI infrastructure companies signaled booming demand for computing capacity.
-
Technology
Meta, 29 states head to court in biggest test yet of youth social media litigation
Aug 12 (Reuters) - Meta Platforms will face a coalition of state attorneys general in a California federal court trial beginning on Wednesday over claims it engineered Facebook and Instagram to be addictive to children, a case that could expose the company to massive damages and force it to make sweeping changes to its platforms.
-
Technology
Nintendo to launch Switch consoles in Indonesia in December
JAKARTA, Aug 12 (Reuters) - Japanese game maker Nintendo said on Wednesday that it would launch its Switch consoles in Indonesia for the first time this year, marking its entrance into Southeast Asia's largest economy.
-
Technology
Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short
BEIJING, Aug 12 (Reuters) - Tencent Holdings reported an 11% rise in second-quarter revenue on Wednesday, driven by strong advertising sales and steady gaming income, as the Chinese technology giant ramps up AI spending.
-
Technology
Bank of America pledges $250 billion for US infrastructure financing
NEW YORK, Aug 12 (Reuters) - Bank of America said on Wednesday it plans to deploy $250 billion by July 2027 to support U.S. digital and infrastructure projects, a move it says will boost the country's economic growth and help create tens of thousands of jobs.
-
Social media
Brazil demands safety controls on Discord after livestreamed suicide
Brazilian authorities are calling on US-based messaging platform Discord to take action after a suicide case sparked outcry and the first lady called for its shutdown.
-
Technology
Hedge funds upped short AI bets in July, Hazeltree says
LONDON, Aug 12 (Reuters) - Hedge funds upped short bets on AI-related stocks in July, according to a Wednesday report from data platform Hazeltree, part of a broad shift in the month that saw chipmaker shares tumble around the world
-
AI
His startup’s goal: AI that is trainable and not controlled by a big company
A co-founder of xAI is going all in on building open-source artificial intelligence so that "anyone can control and shape AI for their own needs."
-
Cybersecurity
Delta probes unauthorised WiFi on flight after hacker event
Delta Air Lines Inc is investigating an unauthorised WiFi network on a Monday (Aug 10) flight out of Las Vegas, where a major cybersecurity conference was held over the weekend.
-
Social media
Meta meets its own 'tobacco' moment in court
With billions of users around the world, Meta will defend itself against allegations of harming children in a new trial in the United States this week, which experts describe as social media's big tobacco moment.
-
Technology
Taiwan's Foxconn reports 35% rise in Q2 profit, beats forecasts
TAIPEI, Aug 12 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, reported on Wednesday a 35% rise in second-quarter profit, beating analyst forecasts, on continued strong demand for AI.
-
Technology
South Korea unveils future technology drivers, targets moon landing by 2030
SEOUL, Aug 12 (Reuters) - South Korea unveiled on Wednesday an ambitious technology strategy centred on seven projects ranging from nuclear energy and quantum computing to space and biotechnology, as the country seeks to secure new growth engines beyond semiconductors and AI.
-
Internet
Phoebe Gates knew Phia shopping app took credit for sales it didn’t drive
Phia co-founders Phoebe Gates and Sophia Kianni pushed for features in the e-commerce startup's software that took credit for sales it didn't drive, according to internal communications and people with knowledge of the matter.
