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AI

OpenAI CEO Sam Altman declares 'code red' to improve ChatGPT amid rising competition

WSJ reported that Altman sent an internal memo to staff Monday saying more work was needed to enhance the artificial intelligence chatbot's speed, reliability and personalisation features.

AI

AI may be scoring your college essay. Welcome to the new era of admissions

AI tools are now being incorporated into how student applications are screened and analysed, admissions directors say.

Technology

Netflix, Warner Bros Discovery combo seen lowering costs for consumers, sources say

(Changes order of companies in paragraph 10)

Technology

Elon Musk is building out his next company town with science centre, gym

Elon Musk, the richest person in the world, has already shown that when a city's rules won't bend to his will, he'll create a new city and new rules.

Technology

YouTube says it will comply with Australia's teen social media ban

SYDNEY, Dec 3 (Reuters) - Google's YouTube shared a "disappointing update" to millions of Australian users and content creators on Wednesday, saying it will comply with a world-first teen social media ban by locking out users aged under 16 from their accounts within days.

Smartphones

Samsung debuts first trifold phone ahead of folding iPhone

To preempt concerns about potential breakage, Samsung said it has refined the phone's hinges, aluminum frame and display technology to improve long-term durability.

Technology

Anthropic plans an IPO as early as 2026, FT reports

Dec 2 (Reuters) - Anthropic, the artificial intelligence startup backed by Alphabet's Google and Amazon.com, has hired the law firm Wilson Sonsini to prepare for an initial public offering that could take place as early as 2026, the Financial Times reported on Tuesday.

Technology

Microchip Technology raises profit, revenue expectations for third quarter

Dec 2 (Reuters) - Chipmaker Microchip Technology on Tuesday raised its expectations for third-quarter net sales and earnings per share, driven by strong bookings, sending its shares up 2.3% in extended trading.

Technology

CrowdStrike forecasts upbeat quarterly revenue as AI adoption fuels growth

Dec 2 (Reuters) - CrowdStrike forecast fourth-quarter revenue above analysts' estimates on Tuesday, as the cybersecurity firm benefits from growing adoption of AI across its product suite.

Technology

EMJ's Jackson aims to take volatility out of crypto

Dec 2 (Reuters) - With bitcoin trading well below its recent highs, hedge fund manager and activist investor Eric Jackson is betting that investors will still want exposure to crypto — just with less pain on the way down.

Technology

AT&T commits to ending DEI programs

WASHINGTON, Dec 2 (Reuters) - U.S. wireless carrier AT&T said in a letter to the U.S. telecoms regulator that it had committed to ending diversity, equity and inclusion programs, a move that comes as it seeks approval from the Trump administration to buy wireless spectrum assets.

Technology

Marvell to buy chip startup Celestial AI for $3.25 billion, bullish on growth next year

SAN FRANCISCO, Dec 2 (Reuters) - Chipmaker Marvell Technology said on Tuesday it will buy semiconductor startup Celestial AI in a deal worth $3.25 billion and gave a bullish forecast for its next fiscal year.

Technology

Vultr to invest $1 billion in Ohio AI cluster using AMD chips

Dec 2 (Reuters) - Cloud infrastructure company Vultr said on Tuesday it would invest more than $1 billion to launch a new artificial intelligence cluster powered by Advanced Micro Devices' processors at a new data center in Springfield, Ohio.

Technology

Anthropic acquires developer tool startup Bun to scale AI coding

Dec 2 (Reuters) - Artificial intelligence startup Anthropic said on Tuesday it has acquired Bun, which helps developers run and manage codes more effectively, as the Claude maker looks to boost the speed and stability of its coding agent.

Technology

Analysis-Strong start to online holiday shopping masks signs of a fragile U.S. consumer

NEW YORK, Dec 2 (Reuters) - The U.S. holiday shopping season kicked off to record online sales. But underlying signs of economic fragility signal a pullback in spending could be looming. 

Technology

Strategy's leveraged ETFs hit hard by crypto slump

Dec 2 (Reuters) - Leveraged exchange‑traded funds (ETFs) linked to bitcoin hoarder Strategy are among the biggest casualties of this year's crypto slump, as falling bitcoin price battered shares of the largest corporate holder of the token.

Technology

Nvidia CFO says chipmaker yet to finalize $100 billion OpenAI deal

Dec 2 (Reuters) - Nvidia's agreement with ChatGPT parent OpenAI to invest up to $100 billion in the startup is still not finalized, the chipmaker's chief financial officer Colette Kress said on Tuesday at the UBS Global Technology and AI Conference in Arizona.

Technology

Amazon to use Nvidia tech in AI chips, roll out new servers

LAS VEGAS, Dec 2 (Reuters) - Amazon.com's AWS cloud computing unit on Tuesday said it will adopt key Nvidia technology in future generations of its artificial intelligence computing chips as the firm ramps up efforts to attract major AI customers to use its services.

Technology

Record shoppers, online sales surge signal strong US holiday season momentum

Dec 2 (Reuters) - U.S. shoppers spent $14.25 billion on Cyber Monday, pushing total online sales over the Thanksgiving weekend to $44.2 billion, according to an Adobe Analytics report, as consumers lapped up offers on everything from gadgets to household essentials.

Technology

Amazon cuts seller fees in Europe in Shein, Temu price war

LONDON, Dec 2 (Reuters) - Amazon is cutting the fees it charges sellers in Europe as it responds to competition from marketplaces like Shein and Temu that sell clothes, homeware and gadgets at rock-bottom prices.