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Technology

BlackRock turns bearish on long-term Treasuries as AI funding wave looms

NEW YORK, Dec 2 (Reuters) - The BlackRock Investment Institute said on Tuesday it is turning bearish on long-term U.S. Treasuries, warning a coming wave of AI-related financing could put upward pressure on U.S. borrowing costs and exacerbate worries over U.S. government indebtedness. 

Technology

Fintech platform Wealthfront aims to raise up to $485 million in US IPO

Dec 2 (Reuters) - Automated digital wealth management firm Wealthfront said on Tuesday it was aiming to raise as much as $485 million in its initial public offering in the United States.

Technology

European banks led by BNP, ING push ahead on euro stablecoin plan

PARIS/MADRID, Dec 2 (Reuters) - A group of 10 European banks, including ING, UniCredit and BNP Paribas, have formed a company to launch a euro-pegged stablecoin in the second half of 2026, in a move they hope will counter U.S. dominance in digital payments.

Technology

AI could increase divide between rich and poor states, UN report warns

GENEVA, Dec 2 (Reuters) - Artificial Intelligence could widen gaps between developed and developing countries, a U.N. report said on Tuesday, calling for policy measures to limit the impact.

Technology

Taiwan charges Tokyo Electron’s Taiwan unit in TSMC trade secrets case

TAIPEI, Dec 2 (Reuters) - Taiwan prosecutors said on Tuesday they had charged Tokyo Electron's Taiwan unit with violating the National Security Act and the Trade Secrets Act after a former employee was indicted in August for alleged theft of trade secrets from chipmaker TSMC.

Technology

EU Court rules Dutch courts can handle a anti-trust case against Apple's App store

BRUSSELS, Dec 2 (Reuters) - The Court of Justice of the European Union on Tuesday ruled the Dutch tribunals have jurisdiction over a case brought against Apple's App Store by two local foundations over alleged anticompetitive conduct.

AI

Move over, computer science. Students are flocking to new AI majors

Artificial intelligence is the hot new college major.

Technology

Explainer-What is India's politically contentious Sanchar Saathi cyber safety app?

NEW DELHI, Dec 3 (Reuters) - India on Wednesday withdrew a mandate requiring smartphone makers to preload a state-owned cyber safety app called Sanchar Saathi on all new devices following an outcry over fears of government snooping in the world's most populous nation.

AI

AI's impact could worsen gaps between world's rich and poor, a UN report says

Behind the hoopla over the promise of artificial intelligencelay difficult realities, including how such technology might affect people already disadvantaged in a data-driven world.

Technology

Fearing AI job losses, some young workers in Britain shift towards skilled trades

LONDON, Dec 2 (Reuters) - In a labour market where artificial intelligence is quickly transforming and sometimes replacing jobs, student Maryna Yaroshenko wanted to find a future-proof career that offered long-term stability.

iOS

Apple’s next iOS updates will address one of the company’s biggest weaknesses

Apple is preparing a series of iterative, AI-focused updates to its iPhone and iPad operating system in 2026, according to a new report from Bloomberg.

Technology

Exclusive-Apple to resist India order to preload state-run app as political outcry builds

NEW DELHI, Dec 2 (Reuters) - Apple does not plan to comply with a mandate to preload its smartphones with a state-owned cyber safety app and will convey its concerns to New Delhi, three sources said, after the government's move sparked surveillance concerns and a political uproar.

AI

DeepSeek debuts new AI models to rival Google and OpenAI

China's DeepSeek unveiled two new versions of an experimental artificial-intelligence model it released weeks ago, adding fresh capabilities the startup said would help with combining reasoning and executing certain actions autonomously.

Smartphones

Samsung unveils first 'special edition' triple-folding phone

Samsung launched its first triple-folding phone on Tuesday, a special-edition product with an eyewatering price tag placing it out of the reach of the average consumer.

Technology

Marvell in advanced talks to buy Celestial AI in multi-billion-dollar deal, The Information says

Dec 1 (Reuters) - U.S. chipmaker Marvell Technology is in advanced talks to acquire chip startup Celestial AI in a cash-and-stock deal worth multiple billions of dollars, the Information reported on Monday, citing people with knowledge of the deal.

Technology

OpenAI plans to improve ChatGPT and delay initiatives, such as advertising, The Information reports

Dec 1 (Reuters) - OpenAI CEO Sam Altman told employees he was declaring a "code red" to improve ChatGPT and is planning to delay other initiatives, such as advertising, The Information reported on Monday, citing an internal memo.

Cybersecurity

Historic Korea data leak caps record year for cyber breaches

Korean newspapers splashed the story across front pages on Monday as worries mounted over possible disruptions following the breach.

AI

Apple AI chief leaving as iPhone maker plays catch-up

Apple on Monday said the head of its artificial intelligence team is stepping down, and the effort is to be led by a veteran engineer from Google and Microsoft.

Social media

'For him': Australia mum channels grief into social media limits

The Australian government hopes its law will change the way children spend their time online, not kick them off the net altogether.

Social media

'I don't trust it': Russians sceptical about state-backed messenger

Russians may not have much of a choice.