Latest
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Technology
IBM falls as enterprise-spending constraints choke consulting demand
(Reuters) - Shares of International Business Machines fell more than 8% in premarket trading on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncertain economy and high interest rates.
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Technology
Net neutrality rules to be restored in US agency vote
WASHINGTON (Reuters) -The U.S. Federal Communications Commission will vote Thursday to reinstate landmark net neutrality rules and assume new regulatory oversight of broadband internet rescinded under former President Donald Trump.
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Technology
India's Tech Mahindra misses Q4 revenue view on weak communications segment
Bengaluru (Reuters) -Tech Mahindra, India's fifth-largest software company, reported fourth-quarter revenue below analysts' estimates on Thursday due to weakness in its communications and media segment as macro headwinds weighed on overall demand.
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Technology
Explainer-Where are Wall Street's analyst notes on Trump's Truth Social?
NEW YORK (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear.
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Technology
AI spending worries cast gloom over Alphabet, Microsoft
(Reuters) - Investors appear to be losing patience with Big Tech's prodigious artificial intelligence investments this week after Meta Platforms signaled deeper spending and a long road to profitability.
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Internet
Electric cars and digital connectivity dominate at Beijing auto show
Global automakers and EV startups unveiled new models and concept cars at China’s largest auto show on April 25, with a focus on the nation’s transformation into a major market and production base for digitally connected, new-energy vehicles.
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AI
Most global tech leaders see their companies unprepared for AI
Artificial intelligence is the top priority among IT leaders worldwide, but businesses are still unready to make use of it, according to a survey of chief information officers by Lenovo Group Ltd.
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Internet
India plans curbs on suspect bank accounts to fight cyber fraud, sources say
India’s central bank plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being used to commit cyber crimes, as it battles a rising wave of online crime, three sources told Reuters.
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Technology
Tech companies plug into India's smaller cities for talent
MADURAI/BENGALURU (Reuters) - Indian engineer B. Ramachandran now prefers living in the smaller cities than the major tech hubs of Bengaluru and Chennai.
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AI
Tencent pushes wider adoption of AI-powered smart mobility system from a vehicle’s cockpit to the factory floor
Tencent sees its smart mobility solution helping industry partners in vehicle research and development, manufacturing and even customer services. The Chinese tech giant already counts more than 100 carmakers and various automotive industry players as partners.
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Technology
Artificial intelligence offers an opportunity to improve EV batteries
Artificial intelligence’s next target is the electric vehicle battery.
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Smartphones
Apple still leads high-end smartphone sales in China, but Huawei and Honor are catching up
Apple in the first quarter shipped nearly 4 million fewer iPhones than a year ago in China, putting it behind Honor and Huawei, according to IDC. Apple is still No 1 in China’s premium segment, which consists of handsets priced over US$600, but it is losing market share to Honor and Huawei.
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Social media
Brave China ‘cancer warrior’ dies two days after 25th birthday, final wish to find brother a girlfriend left unfulfilled, leaves netizens devastated
Graduate completes film and TV college, has big plans, diagnosed with colon cancer. Manages bucket list trip to China’s ‘paradise’, watches sunrise, rides in sports car.
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Technology
Meta sparks tech selloff as AI splurge spooks Wall Street
(Reuters) -Shares of Meta Platforms sank 13% on Thursday, sparking a selloff in big technology stocks after the social media firm signaled its costly bet on AI could take years to pay off.
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Mobile apps
What next for TikTok in the US?
TikTok on April 24 said it will fight a new US law that orders the popular video sharing app to break away from its Chinese owners or face an outright ban in the United States.
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Technology
Atos says it will need more cash than expected
(Reuters) -Struggling French IT consulting firm Atos on Thursday said a review of its 2024-2027 business plan would lead to an increased need for cash and potentially additional debt reduction, forcing it to update in the coming days the parameters of its refinancing plan presented in early April.
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Mobile apps
TikTok to fight US ban law in courts
TikTok’s CEO vowed April 24 to fight in the courts to overturn a newly signed US law that could see the popular app banned due to allegations it is controlled by the Chinese government.
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Technology
STMicro cuts FY revenue outlook as slowing car market bites
(Reuters) -European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decline in orders from laptop and phone companies.
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Driverless vehicle
Tesla driver in Seattle-area crash that killed motorcyclist told police he was using Autopilot
A Tesla that may have been operating on the company's Autopilot driving system hit and killed a motorcyclist near Seattle, raising questions about whether a recent recall went far enough to ensure Tesla drivers using Autopilot pay attention to the road.
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AI
Spurred by teen girls, US states move to ban deepfake nudes
States are on the front lines of a rapidly spreading new form of peer sexual exploitation and harassment in schools. Boys across the United States have used widely available “nudification” apps to surreptitiously concoct sexually explicit images of their female classmates and then circulated the simulated nudes via group chats on apps like Snapchat and Instagram.