Latest
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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US reinstates open Internet rules rescinded under Trump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.
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Technology
Microsoft results top Wall Street targets, driven by AI investment
(Reuters) -Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares jumped more than 4% in extended trade.
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Technology
Health conglomerate Kaiser notifies millions of a data breach
(Reuters) -U.S. health conglomerate Kaiser is notifying millions of its members of a data breach earlier this month, it reported in a notice posted on Thursday.
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Technology
Google parent announces first-ever dividend; beats on sales, profit; shares soar
(Reuters) - Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.
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Technology
Intel forecast misses estimates; shares tumble
(Reuters) -Intel forecast second-quarter revenue and profit below market estimates on Thursday, sending its shares tumbling roughly 8% as it faces weak demand for its traditional data center and PC chips and trails in the surging market for AI components.
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Technology
T-Mobile raises forecast for subscriber additions on strength from bundled plans
(Reuters) -T-Mobile US raised its annual forecast for growth in monthly bill-paying phone subscribers on Thursday, as more people take to its plans that bundle high-speed internet with access to streaming services.
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Technology
Snap beats first-quarter expectations, shares jump 25%
(Reuters) -Snap beat Wall Street's expectations for quarterly revenue and user growth on Thursday, as improvements to its advertising system delivered results faster than anticipated.
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Technology
Crypto firm Consensys sues US SEC over Ethereum regulation
(Reuters) -Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) tied to the regulation of the Ethereum blockchain, the crypto firm said on Thursday.
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Technology
Warner Bros Discovery to launch data platform for better ad-targeting
(Reuters) - Warner Bros Discovery is launching a data platform that would help advertisers better reach their target audience across both cable and digital channels, it said on Thursday.
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Technology
Reddit back up after brief outage affected thousands globally
(Reuters) -Reddit said on Thursday it has fixed an issue that had left tens of thousands of users across the globe without access to the social media platform for more than half an hour.
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Technology
Microsoft-backed Rubrik's stock jumps 21% in NYSE debut
(Reuters) -Rubrik's shares climbed nearly 21% in their debut on the New York Stock Exchange on Thursday, giving the Microsoft-backed cybersecurity firm a valuation of $6.77 billion.
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Technology
Amazon Prime Video to exclusively stream two NHL seasons in Canada
(Reuters) - National Hockey League (NHL) and its digital broadcast rights owner Rogers Communications on Thursday signed a deal to stream the hockey tournament's next two seasons exclusively on Amazon.com's Prime Video for Canadian audiences.
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Technology
T-Mobile to invest $950 million in venture with EQT to buy fiber optic network provider Lumos
(Reuters) - Wireless carrier T-Mobile US expects to invest about $950 million for a 50% stake in a joint venture with Swedish investment firm EQT's fund that will buy fiber optic network provider Lumos, the companies said on Thursday. Washington-based T-Mobile will invest another $500 million between 2027 to 2028 to help Lumos reach 3.5 million homes by the end of the period. T-Mobile will acquire all existing fiber customers of Lumos as part of the deal with EQT's Infrastructure VI fund, which is expected to close in late 2024 or early 2025.
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Technology
Hertz Global eyes worst day on record as EV rental business falters
(Reuters) - Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage fall on record on Thursday after the company reported a wider-than-expected quarterly loss, highlighting its struggles with the EV rental business.
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Technology
EU court adviser backs data privacy activist Schrems in Meta fight
BRUSSELS (Reuters) - Austrian privacy activist Max Schrems on Thursday received backing from an adviser to Europe's top court in his fight against Meta Platforms over personalised advertising based on processing of personal data.
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Technology
Spotify says Apple has rejected its app update with price information for EU users
(Reuters) - Apple has rejected Spotify's new version of its iOS app with in-app pricing information for users in the European Union, the audio streaming firm said on Thursday.
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Technology
Amazon to invest $11 billion in Indiana to build data centers
(Reuters) - Amazon.com's cloud-computing arm said it would invest $11 billion in Indiana to build data centers, marking the state's largest capital investment, and promising at least 1,000 jobs.