Latest
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Technology
TikTok challenges EU 'gatekeeper' status at Europe's top court
LUXEMBOURG, May 12 (Reuters) - Bytedance's social media platform TikTok on Tuesday made a last- ditch attempt at Europe's top court to scrap its designation as a "gatekeeper" under EU rules, which require it to meet tougher standards as regulators seek to curb the power of Big Tech.
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Technology
EBay rejects GameStop's $56 billion bid as 'neither credible nor attractive'
New York, May 12 (Reuters) - EBay on Tuesday rejected a $56 billion takeover bid from the much smaller GameStop over financing doubts, calling the proposal "neither credible nor attractive."
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Technology
OpenAI chief Sam Altman denies betraying Elon Musk, defends for-profit push at trial
OAKLAND, California, May 12 (Reuters) - OpenAI Chief Executive Sam Altman on Tuesday rejected Elon Musk's claim that he betrayed the ChatGPT maker's founding mission to serve the public good, and said it was Musk who was interested in seizing control of OpenAI and making money from it.
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Technology
Samsung Elec union threatens to walk out of pay talks if no mediation proposal
SEOUL, May 12 (Reuters) - Samsung Electronics' labour union in South Korea said on Tuesday it would walk out of ongoing pay negotiations if no mediation proposal was offered within two hours.
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Cybersecurity
Maker of Canvas learning platform strikes deal for hackers to return data
Instructure, which provides Canvas software to thousands of schools and universities around the world, did not say what it had given the hackers in exchange for the stolen data.
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Technology
Germany's finance watchdog to make targeted inspections amid 'substantial' AI risks
FRANKFURT, May 12 (Reuters) - Germany's banking regulator BaFin warned on Tuesday that cyber risks were "growing" and "substantial" due to advances in artificial intelligence, and announced a new division will conduct targeted inspections at financial firms.
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Technology
Meta loses court fight over compensation to Italian publishers
LUXEMBOURG, May 12 (Reuters) - Meta Platforms on Tuesday lost its fight against an Italian regulatory order that it should compensate publishers for using snippets of their news articles after Europe's top court sided with the Italian telecoms watchdog.
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Technology
EU takes aim at TikTok, Meta's 'addictive designs' for teens
BRUSSELS, May 12 (Reuters) - The head of the European Commission called on Tuesday for more protections for children against the "addictive designs" of social media platforms like TikTok, Meta and X, raising the possibility of an age limit on teens accessing them.
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Cybersecurity
The AI wars are having a surprising cybersecurity benefit. Here’s how
Between models from OpenAI and Anthropic, good things are happening to organisations that want to squish software bugs.
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Technology
Panasonic eyes aggressive AI profit push, battery unit misses target
TOKYO, May 12 (Reuters) - Panasonic Holdings flagged an aggressive push to lift profit through artificial intelligence-linked products on Tuesday even as its electric-vehicle battery unit struggled in the latest year and missed its full-year target.
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Streaming
Texas lawsuit accuses Netflix of illegal data collection
The top prosecutor in Texas filed a lawsuit against Netflix on Monday, accusing the streaming giant of improperly collecting users' data and designing its platform to be addictive.
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Technology
India's IT index falls to three-year low on weak earnings outlook, demand worries
May 12 (Reuters) - India's Nifty IT index tumbled 3.6% on Tuesday to its lowest level since May 2023, as a weak earnings outlook and fears of slowing demand for traditional IT services rattled investors.
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Video games
Xbox is getting rid of its AI chatbot. Users don’t seem to mind
Xbox CEO Asha Sharma has discontinued Gaming Copilot, citing a need to move faster and cut features that don't align with where the platform is headed.
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Cybersecurity
Europe exports spyware to human rights abusers, watchdog says
European companies have sold controversial surveillance technologies to countries known for violating human rights, a new report has found.
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AI
Australia watchdog says money launderers ramping up AI for scams
Australia's financial crimes watchdog warned of a heightened threat of money laundering linked to artificial intelligence that has been used by crooks to scale up activities, automate processes and create fake documents.
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AI
Lawsuit blames ChatGPT maker OpenAI for helping plan a school shooting
The widow of a man killed in last year's mass shooting at Florida State University is suing ChatGPT maker OpenAI, blaming the company's artificial intelligence chatbot for giving advice on how to carry out the rampage.
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AI
No new bureaucracy to police AI products in the US, Hassett says
The Trump administration is still working through its plans for oversight of cutting-edge AI models, but doesn't envision a big new agency for the job, according to White House National Economic Council Director Kevin Hassett.
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Robotics
A South Korean startup captures workers' techniques to develop AI brains for robots
His head, chest and hands strapped with body cameras, David Park deftly folded a banquet napkin the way he has thousands of times during his nine years at the five-star Lotte Hotel Seoul. Each of his motions is fed into a database that will one day teach a robot to do the same.
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Technology
OpenAI, Microsoft agree to cap revenue-sharing at $38 billion, The Information reports
May 11 (Reuters) - OpenAI and Microsoft agreed to cap total revenue-sharing payments at $38 billion, U.S. digital news outlet The Information reported on Monday, citing a person with knowledge of the arrangement.
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Technology
SoftBank's OpenAI-related debt in focus as another strong quarter expected
TOKYO, May 12 (Reuters) - SoftBank Group is expected by analysts to report another robust quarterly profit on Wednesday as the technology investor benefits from its growing OpenAI bet, though concerns are increasing over the debt it is taking on to fund it.
