Latest
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Technology
Exclusive-Silver Lake in talks to buy Workday, sources say
Aug 13 (Reuters) - Private equity firm Silver Lake is in talks to acquire Workday in a deal that would rank among the largest software buyouts in history, according to people familiar with the matter.
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Technology
Google unveils Gemini 3.7 Flash AI model for coding, agent workflows
Aug 13 (Reuters) - Alphabet's Google launched Gemini 3.7 Flash on Thursday, its latest AI model designed for software coding and automated business tasks, but offered no details on when its flagship Pro model will be released.
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Technology
AMD looks to raise $4 billion to $5 billion in debt offering, source says
Aug 13 (Reuters) - Advanced Micro Devices on Thursday launched a four-part debt offering that could raise between $4 billion and $5 billion, according to terms reviewed by Reuters, as the chipmaker looks to fund general corporate purposes and potentially repay existing debt.
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Technology
Hacking group claims mass data theft from Shell, Philips, GE, Fiserv and dozens of others
AMSTERDAM, Aug 13 (Reuters) - A prolific hacking group known for exploiting software vulnerabilities to attack multiple targets simultaneously claimed it had stolen large volumes of data from nearly 50 companies worldwide, including Philips, Shell, Fiserv and GE, according to a posting on the group's website.
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Technology
AI firm Databricks valued at $190 billion as it bags $5 billion in funding
Aug 13 (Reuters) - Databricks said on Thursday it had raised $5 billion at a $190 billion valuation, as the data and artificial intelligence software company looks to expand investments in products that help businesses build and manage AI applications.
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Technology
Robinhood's second venture fund debuts, drawing retail money into private markets
Aug 13 (Reuters) - Robinhood's second venture fund debuted on Thursday, giving retail investors access to early-stage startups that have traditionally been out of reach for all but venture capital firms and wealthy investors.
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Technology
Cerebras slumps as mixed quarterly results test AI growth narrative
Aug 13 (Reuters) - Cerebras Systems slumped over 9% in early trading Thursday after it missed key estimates despite soaring cloud revenue, raising doubts about the ability of its AI chips to challenge Nvidia.
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Technology
Ackman unveils six new investments including Netflix, Visa, Mastercard in biggest portfolio overhaul in years
NEW YORK, Aug 13 (Reuters) - Bill Ackman unveiled six new holdings including Netflix, Visa and Mastercard, marking the billionaire investor's biggest portfolio overhaul in years.
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Technology
DeepSeek raises API pricing for its V4 models
BEIJING, Aug 13 (Reuters) - Chinese artificial intelligence startup DeepSeek will raise API prices for its V4-Pro and V4-Flash models and introduce peak and off-peak pricing, a company statement on Thursday showed.
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Technology
AI boom is starting to show in UK economy's performance
MANCHESTER, England, Aug 13 (Reuters) - Britain's economy is showing the clearest signs yet that it is benefitting from the global artificial intelligence boom, with data on Thursday showing rapid growth in related industries and a surge in computer hardware investment.
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Technology
SK Hynix's Korean workers launch unified union amid stalled wage talks
SEOUL, Aug 13 (Reuters) - Workers at SK Hynix on Thursday launched a new labour union in South Korea, seeking to bring together employees across different job categories and locations as they pursue greater bargaining power at the leading memory chipmaker.
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Technology
UK regulator, crypto exchange HTX locked in settlement talks
LONDON, Aug 13 (Reuters) - Britain's financial regulator and HTX, a cryptocurrency exchange under UK and European Union sanctions, are in talks to settle allegations that the group is illegally promoting crypto services in the UK, court documents show.
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Technology
Exclusive-Vantage Data Centers explores IPO at $100 billion valuation or sale, sources say
NEW YORK, Aug 13 (Reuters) - Vantage Data Centers, a major hyperscale developer and operator, is exploring options including an IPO or sale as soon as next year, according to people familiar with the matter, as AI-driven demand lifts data center valuations and fuels dealmaking.
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Technology
Senior US market watchdog official exits to join dealmaking fintech Finalis
WASHINGTON, Aug 13 (Reuters) - Steven Price, senior vice president of market investigations at the U.S. Financial Industry Regulatory Authority (FINRA), has left the Wall Street watchdog to become chief compliance officer at dealmaking fintech Finalis, the company told Reuters on Thursday.
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Technology
Rise of AI shopping pushes merchants to protect loyalty, Adyen says
Aug 13 (Reuters) - The increasing prevalence of AI chatbots handling consumer shopping is pushing merchants to uphold more direct customer relationships over fears of losing their loyalty and repeated purchases, payments firm Adyen said on Thursday.
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AI
AI is finding sperm where doctors couldn’t
New technology may make it easier for men with extremely low sperm counts to have biological children.
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Social media
Brazil suspends Discord livestreaming after teenager’s death
Brazilian regulators ordered chat app Discord Inc to halt livestreaming in the South American country after the death of a teenager, part of a push to step up protections for young users of popular social media platforms.
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Social media
US lifts TikTok ban on government devices after ByteDance restructuring
Justice Department says the app's new US joint venture is no longer covered by the 2022 prohibition targeting the app's Chinese parent company
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Smartphones
Google launches Pixel 11 smartphone series from RM3,999 with new foldable and upgraded AI
Google has launched a selection of four smartphones with this year's Pixel 11 unveiling, which includes the foldable Pixel 11 Pro Fold.
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Smartphones
Afghan students divided over smartphone ban at universities
Forced to leave their smartphones off campus, Afghan university students are divided over whether the new anti-tech rule has disrupted their studies or done wonders for their concentration.
