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Technology

Trump met with Nvidia CEO Jensen Huang on export controls, source says

Dec 3 (Reuters) - U.S. President Donald Trump met with chip giant Nvidia's CEO Jensen Huang on Wednesday to discuss export controls, a source familiar with the matter told Reuters. 

Technology

Apple's longtime design executive Alan Dye to join Meta

Dec 3 (Reuters) - Meta Platforms has hired Alan Dye, Apple's longtime head of human interface design, a spokesperson for Apple confirmed on Wednesday, as the Facebook owner accelerates efforts to build AI-powered consumer devices.

Technology

Citadel debuts new AI tool for equities investors, CTO Subramanian says

NEW YORK, Dec 3 (Reuters) - Citadel, the hedge fund founded by billionaire Ken Griffin, has launched a new artificial intelligence-powered tool that aims to help investors conduct research on stocks faster and more efficiently, the firm's chief technology officer said on Wednesday.

Technology

Barclays exec says top five tech firms could need $100 billion in funding next year

NEW YORK, Dec 3 (Reuters) - The funding needs of the top five U.S. technology firms could reach almost $100 billion in 2026, Meghan Graper, global head of debt capital markets at Barclays, said on Wednesday at a Reuters NEXT panel.

Technology

Micron to exit consumer memory business amid global supply shortage

Dec 3 (Reuters) - Memory chipmaker Micron Technology said on Wednesday it will exit its consumer business, as it doubles down on advanced memory chips used in artificial intelligence data centers amid a global supply shortage of the essential semiconductors.

Technology

Russia blocks access to US children's gaming platform Roblox

Dec 3 (Reuters) - Russia has blocked access to the U.S. children's gaming platform Roblox, accusing it of distributing extremist materials and "LGBT propaganda".

Technology

AI-powered security firm Verkada valued at $5.8 billion in latest investment round

Dec 3 (Reuters) - Verkada was valued at $5.8 billion in its latest investment round led by CapitalG, more than a billion dollars higher than its previous round in February, the AI-based security products maker said on Wednesday.

Technology

Microsoft lowers AI software sales quota as customers resist new products, The Information reports

Dec 3 (Reuters) - Multiple divisions at Microsoft have lowered sales growth targets for certain artificial intelligence products after many sales staff missed goals in the fiscal year that ended in June, The Information reported on Wednesday.

Technology

FDA scrutiny of WHOOP signals challenges for niche wearable device makers

(Corrects dateline to Dec 3)

Technology

LSEG to integrate financial data into ChatGPT in AI push

Dec 3 (Reuters) - LSEG will integrate its financial data and analytics into ChatGPT and make OpenAI's enterprise tool available to its employees, it said on Wednesday, deepening its push to embed artificial intelligence across financial markets.

Technology

AI companies' safety practices fail to meet global standards, study shows

Dec 3 (Reuters) - The safety practices of major artificial intelligence companies, such as Anthropic, OpenAI, xAI and Meta, are "far short of emerging global standards," according to a new edition of Future of Life Institute's AI safety index released on Wednesday.

Technology

Marvell shares soar as chipmaker boosts its AI drive with Celestial deal

Dec 3 (Reuters) - Marvell Technology jumped 9.3% to a nine-month high on Wednesday after its $3.25 billion deal to acquire semiconductor startup Celestial AI bolstered investor confidence in the chipmaker's push into next-gen AI infrastructure.

Technology

WLF to launch real-world asset products in January, co-founder says

DUBAI, Dec 3 (Reuters) - World Liberty Financial, a crypto venture backed by U.S. President Donald Trump's family, will launch its suite of real-world asset products at the beginning of the first quarter in January, co-founder Zach Witkoff announced on Wednesday during an event in Dubai.

Technology

India revokes order to preload cybersecurity app on smartphones after outcry

NEW DELHI, Dec 3 (Reuters) - India's government scrapped an order to smartphone makers on Wednesday to preload a state-run cybersecurity app on all new devices after an outcry from politicians, privacy advocates and global tech companies over surveillance fears.

Smartphones

Chile bans non-emergency smartphone use by children while at school

Chile's parliament on Dec 2 approved a law banning the use of smartphones by pupils on school premises, the latest country to restrict such access over concerns for children's mental and physical health.

Social media

Australia says social media ban to protect young from 'purgatory'

Australia's looming social media ban will protect the young from an online "purgatory" created by algorithms sending them harmful content, the government said on Dec 3.

Mobile apps

India says mandatory phone app can be deleted after backlash

India sought to address concerns that its mandate to pre-install a cybersecurity app on mobile phones could invade privacy or enable surveillance, saying individuals can remove the software from devices.

Cybersecurity

120,000 home cameras were hacked for sexual videos, South Korean police say

The authorities arrested four people this week in the latest turn in the country's effort to stop exploitative recordings.

Social media

MCMC: Online Safety Act 2025 to strengthen child protection online

In a statement today (Dec 3), MCMC said it is now focusing on developing subsidiary instruments to reinforce the commitment of licensed service providers under the Communications and Multimedia Act 1998 in line with ONSA 2025 implementation.

Technology

ASX outage deepens investors' doubts over tech overhaul

SYDNEY, Dec 3 (Reuters) - The Australian Securities Exchange's technology turnaround plan, touted by the firm's chair as being too important to fail, is facing questions from investors and market participants after it was hit by a fresh outage this week, the latest in a string of failures.