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AI
Bessent to CNBC: US, China discussing AI 'guardrails'
The United States and China were discussing setting up "guardrails" for the use of artificial intelligence (AI), US Treasury Secretary Scott Bessent told CNBC on Thursday, with growing calls for regulation of the burgeoning technology.
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Technology
Applied Materials sees quarterly revenue above estimates on sustained AI spending
May 14 (Reuters) - Applied Materials on Thursday forecast third-quarter revenue and adjusted profit above Wall Street estimates, betting that heavy spending on data centers and AI infrastructure will sustain strong demand for its chip-making tools.
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Technology
OpenAI explores legal options against Apple, source says
May 14 (Reuters) - Apple's two-year-old partnership with OpenAI has become strained, with the AI startup failing to see the expected benefits from its deal with the iPhone maker and preparing possible legal action, a person familiar with the matter said on Thursday.
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Technology
US judge considers Anthropic's $1.5 billion settlement of authors' lawsuit
May 14 (Reuters) - A federal judge on Thursday pressed lawyers for more information on several points of artificial intelligence company Anthropic's proposed $1.5 billion settlement with authors who accused it of misusing their books to train its AI chatbot Claude.
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Technology
OpenAI brings Codex coding tool to ChatGPT mobile app
May 14 (Reuters) - OpenAI said on Thursday its coding tool Codex was being added to the ChatGPT mobile app, expanding access to the product as competition intensifies in the market for AI code-generation tools.
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Technology
FCC approves Verizon's $1 billion spectrum purchase
WASHINGTON, May 14 (Reuters) - The Federal Communications Commission said on Thursday it has approved Verizon's 2024 $1 billion deal to acquire some spectrum assets from U.S. Cellular to expand its network capacity and coverage.
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Technology
Cerebras shares skyrocket in debut as AI mania grips markets
May 14 (Reuters) - Shares of chip designer Cerebras Systems soared 89% above the initial public offering price on their Nasdaq debut, extending the market's unrelenting frenzy for companies seen as the biggest beneficiaries of the artificial intelligence boom.
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Technology
Blackstone data center vehicle makes muted debut after $1.75 billion IPO
May 14 (Reuters) - Shares of Blackstone's newly minted investment vehicle opened flat in their market debut on Thursday, after the company raised $1.75 billion in its U.S. initial public offering with plans to buy data center assets.
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Technology
Italy parents' group faces Meta, TikTok in Milan court over minors' social media use
ROME, May 14 (Reuters) - An Italian parents' group and a number of families faced off against Meta and TikTok on Thursday in the first hearing of a lawsuit that seeks to restrict minors' access to social media platforms.
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Technology
Anthropic, Gates Foundation launch $200 million partnership for AI in health, education
SAN FRANCISCO, May 14 (Reuters) - Anthropic and the Gates Foundation have pledged $200 million to back artificial intelligence-related public goods and areas including health and education, they said on Thursday.
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Technology
Musk's lawyer challenges Altman's credibility as OpenAI trial nears end
OAKLAND, California, May 14 (Reuters) - A lawyer for Elon Musk hammered at the credibility of OpenAI CEO Sam Altman on Thursday, near the end of a trial at which Musk wants jurors to hold the ChatGPT maker and its leaders responsible for transforming the nonprofit into a vehicle to enrich themselves.
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Technology
Versant beats revenue estimates on licensing deals, digital platform growth
May 14 (Reuters) - Versant Media topped Wall Street estimates for first-quarter revenue on Thursday, as content licensing deals and strong sales at businesses like Fandango helped cushion the impact of pay-TV cord-cutting.
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Technology
US wireless carriers to launch joint venture to address rural 'dead zones'
WASHINGTON, May 14 (Reuters) - Verizon, AT&T and T-Mobile said on Thursday that they agreed in principle to form a new joint venture that seeks to address long-time coverage gaps especially in rural areas by using satellite-based technologies.
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Technology
Bank of Spain calls for access to advanced AI tools, flags cyber risks
MADRID, May 14 (Reuters) - The Bank of Spain on Thursday called for stronger international cooperation and wider access to protective artificial intelligence models such as Anthropic's Glasswing to ward off cybersecurity risks stemming from the potential misuse of advanced vulnerability-spotting engines.
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Smartphones
Vivo X300 Ultra starts at RM6,799, features dual 200-megapixel Zeiss cameras
Vivo today (May 14) launched its latest additions to the X300 smartphone lineup, with the top-of-the-line X300 Ultra and more budget-friendly X300 FE.
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Technology
Britain investigates Microsoft over business software dominance
LONDON, May 14 (Reuters) - Britain will investigate Microsoft's dominance in business software using its powers to oversee big tech, its antitrust regulator said on Thursday, which could lead to targeted interventions to encourage competition.
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Technology
JPMorgan's bet on early-stage companies pays off in leading global tech investment banking
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Technology
Gobind: Concerns on development of data centres must be acknowledged
Gobind said conversations surrounding the development of data centres in Malaysia must be acknowledged.
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Technology
Big Tech turns to Sesame Street, Girl Scouts to deflect scrutiny over kids' screen time
WASHINGTON, May 14 (Reuters) - Meta and Google enlisted trusted children's brands such as Sesame Street, Girl Scouts and Highlights magazine to teach kids to use technology in moderation - even as the companies designed apps that made it difficult for those same young users to unplug, public statements and internal documents show.
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Robotics
Robots kill off production of flagship Tesla electric cars
Tesla has officially ended production of its game-changing Model S saloon and the gull-wing Model X SUV to make way for Optimus humanoid robots and autonomous driving technology.
