Latest
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Technology
Chipmaker Intel falls as AI competition hurts forecast
(Reuters) -Intel shares slumped more than 12% on Friday after a downbeat forecast signaled that the boom in AI was diverting enterprise spending away from its traditional data center chips.
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Technology
Russia's Yandex reports Q1 revenue rise as market awaits spin-off news
MOSCOW (Reuters) - Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228.3 billion roubles ($2.47 billion), driven by growth in e-commerce and ride-hailing, with the market awaiting news on a much anticipated corporate spin-off.
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Mobile apps
Japan to levy big fines with new app rules
Japan’s cabinet approved April 26 legislation that would slap major fines on tech giants like Google or Apple if they block access to third-party smartphone apps and payment systems.
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AI
Inside Big Tech’s underground race to buy AI training data
Tech giants like Google, Meta and Microsoft-backed OpenAI initially used reams of data scraped from the Internet for free to train generative AI models like ChatGPT that can mimic human creativity. At the same time, these tech companies are also quietly paying for content locked behind paywalls and login screens, giving rise to a hidden trade in everything from chat logs to long forgotten personal photos from faded social media apps.
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Social media
Facebook scams demand stricter online rules, Japan lawmaker says
Japan must implement laws to better regulate companies like Meta Platforms Inc when they fail to address social media scams, the head of the ruling party’s digital promotion working group said.
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Drones
A Chinese firm is America’s favourite drone maker – except in Washington
Congress is weighing legislation that could kill much of DJI’s commercial business in the United States by putting it on a Federal Communications Commission roster blocking it from running on the country’s communications infrastructure.
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Technology
Alphabet, Microsoft earnings show hefty AI bets are driving growth
(Reuters) -Alphabet and Microsoft ignited a rally in technology stocks on Friday with earnings that showed big AI investments were driving growth, allaying doubts that their costly bets would take time to pay off after a soft forecast from Meta Platforms.
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Technology
Snapchat parent soars after beating revenue, user growth estimates
(Reuters) -Shares in Snap jumped nearly 25% in on Friday after targeted ads and new features helped the owner of the photo messaging app beat Wall Street expectations for first-quarter revenue and user growth.
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Internet
Rescue pup to meme star: The real-life ‘Dogecoin’ dog
Her fluffy face now frail, Kabosu still flashes the enigmatic smile that made her the go-to meme dog for millennials and inspired a US$23bil (RM109.84bil) cryptocurrency beloved by Elon Musk.
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Technology
Elon Musk is once again richer than Mark Zuckerberg as fortunes reverse
Mark Zuckerberg’s fortune plunged US$18bil as shares of Meta Platforms Inc tumbled, allowing Tesla Inc’s Elon Musk to cement his status as the world’s third-richest billionaire.
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Gadgets
GPS bracelet places 18-year-old at the scene of 11 different break-ins, US cops say
An 18-year-old is facing 31 charges after his GPS bracelet connected him to two St. Louis burglary sprees, Missouriauthorities said.
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Internet
Cat hides in Amazon return package – then ends up in California 700 miles from home
A cat went missing after hiding in an Amazon return package. Then her Utah owner got a call – from hundreds of miles away – that “changed everything”.
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Internet
Shopee: Be wary of SMS scams asking for your personal info
Shopee has warned customers to be vigilant with their personal information in light of the rise in scam messages claiming that parcels are being held due to incomplete delivery information.
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Technology
Analysis-Tesla's plan for affordable cars takes page from Detroit rivals
SAN FRANCISCO/AUSTIN, Texas (Reuters) - Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — rather than springing for all-new models — follows the playbook of Tesla's old-school Detroit rivals, as some Tesla investors and analysts see it.
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Mobile apps
ByteDance prefers TikTok shutdown in US if legal options fail, sources say
TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said.
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Mobile apps
Amazon’s Jeff Bezos, Andy Jassy deleted chats amid FTC antitrust probe
Top Amazon.com Inc executives including founder Jeff Bezos and chief executive officer Andy Jassy destroyed text messages discussing business, the Federal Trade Commission alleged, erasing evidence the agency could have used in its antitrust case against the retail giant.
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Smartphones
Samsung faces Pakistan smartphone shortage after winning debut
Samsung Electronics Co is facing a shortage of its S24 smartphones in Pakistan after seeing unprecedented demand for its flagship phone.
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AI
Athletic director used AI to frame principal with racist remarks in fake audio clip, US police say
A high school athletic director in Maryland has been accused of using artificial intelligence to impersonate a principal on an audio recording that included racist and antisemitic comments, authorities said Thursday.
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Internet
US reinstates open Internet rules rescinded under Trump
The US Federal Communications Commission voted on Thursday to reinstate tougher rules to guarantee open access to the Internet, reversing a decision made during the Trump administration.
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Technology
L3Harris raises top end of 2024 adjusted earnings outlook amid global tensions
(Reuters) - L3Harris lifted the upper-end of its annual adjusted profit target on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security concerns.