Social media

Social media giants must stand trial on addiction claims

Meta Platforms Inc, ByteDance Ltd, Alphabet Inc and Snap Inc must face trial over claims that they designed social media platforms to addict youths, a judge ruled, clearing the way for the first of thousands of cases to be presented to juries.

Video games

‘Grand Theft Auto VI’ video game delayed again until November 2026

The newest installment to the blockbuster Grand Theft Auto video game franchise has been delayed again, this time until November 2026, its creators announced Nov 6.

Technology

OpenAI discussed government loan guarantees for chip plants, not data centers, Altman says

(Reuters) -OpenAI has spoken with the U.S. government about the possibility of federal loan guarantees to spur construction of chip factories in the U.S., but has not sought U.S. government guarantees for building its data centers, CEO Sam Altman said on Thursday. 

Technology

Elon Musk's $1 trillion Tesla pay plan wins shareholder approval

SAN FRANCISCO (Reuters) -Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.

Technology

Starlink signs landmark global direct-to-cell deal with Veon as satellite-to-phone race heats up

(Reuters) -Elon Musk's Starlink, a subsidiary of SpaceX, secured its largest direct-to-cell deal yet with telecoms group Veon, granting access to over 150 million potential customers, both companies said on Thursday, as competition in satellite-to-smartphone connectivity intensifies. 

Technology

Washington Post says it is among victims of cyber breach tied to Oracle software

WASHINGTON (Reuters) -The Washington Post said it is among victims of a sweeping cyber breach tied to Oracle software.

Technology

Exclusive-SAP to offer concessions to settle EU antitrust probe, stave off fine, sources say

BRUSSELS (Reuters) -SAP, Europe's largest software maker, is set to make a formal offer of concessions shortly to settle an EU antitrust investigation and stave off a possible hefty fine, people with direct knowledge of the matter said.

Technology

Ripple says 'skinny' Fed master account is attractive despite limitations

(Reuters) -Crypto giant Ripple supports the idea of a "skinny" Federal Reserve payments account for non-banks, which could still be a game changer while addressing banks' concerns over financial stability and competition risks, a top company executive said.

Technology

Spain issues fine for AI-generated sexual images of minors

(Reuters) -Spain's data protection agency on Thursday said it had fined a person for sharing AI-generated sexual images of minors using real faces, in what Spanish media said was the first case in Europe of a financial penalty for this type of content.

Technology

More than half of hedge funds invested in crypto, global survey says

PARIS (Reuters) -Global hedge funds' exposure to crypto markets is increasing, and more than half are now invested in the sector, with the U.S. government's embrace of digital assets boosting interest, according to an industry report published on Thursday.

Technology

Microsoft launches 'superintelligence' team targeting medical diagnosis to start

SAN FRANCISCO (Reuters) -Microsoft is forming a new team that wants to build artificial intelligence that is vastly more capable than humans in certain domains, starting with medical diagnostics, the executive leading the effort told Reuters.

Technology

BoE's Bailey: Risk of AI bubble if markets over price returns

LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Thursday there could be an artificial intelligence-induced bubble in markets, notwithstanding the large productivity boost the technology would likely deliver.

Technology

Datadog forecasts strong fourth-quarter earnings on AI-driven security demand

(Reuters) -Datadog forecast fourth-quarter earnings above Wall Street estimates on Thursday, betting on strong demand for its cloud-security products from businesses adopting artificial intelligence technology. 

Technology

EPAM raises 2025 forecasts on strong IT services spending

(Reuters) -EPAM Systems raised its annual earnings forecast for the third time this year as businesses spend more to modernize their systems for artificial intelligence, sending shares of the IT consultancy firm 4% higher in premarket trading on Thursday.

Technology

ESPN and PENN Entertainment to end US sports betting partnership early

(Reuters) -PENN Entertainment and Walt Disney's ESPN have agreed to end their exclusive U.S. online sports betting partnership, effective December 1, the companies said on Thursday.

Technology

Exclusive-Nvidia-backed Vast Data inks $1.17 billion AI deal with CoreWeave

(Reuters) -AI startup Vast Data has signed a $1.17 billion commercial agreement with cloud provider CoreWeave, extending their existing partnership as demand for infrastructure that powers artificial intelligence systems grows, the company told Reuters.

Technology

EU says digital platforms in EU should not allow porn or weapons

BRUSSELS (Reuters) -The European Commission is in touch with French authorities as well as with Chinese online retailer Shein following a French complaint about Shein allowing pornographic content or weapons sales on its platform, an EU spokesperson said on Thursday.

Technology

Snap shares surge as $400 million Perplexity deal rekindles AI ambitions

(Reuters) -Snap shares jumped 18% in premarket trading on Thursday after its $400 million partnership with startup Perplexity AI reassured investors that the social media company could catch up to larger rivals in the artificial intelligence race.

Technology

Tesla investors vote on an $878 billion payday for Musk - but that's not all

SAN FRANCISCO (Reuters) -Tesla shareholders will decide on Thursday whether to pay CEO Elon Musk up to $878 billion, the richest executive pay in history by a long shot.

Technology

Analysis-AI stock wobble points to US market reliance on tech

NEW YORK (Reuters) -This week's wobble in shares connected to artificial intelligence is a stark reminder that the U.S. stock market is ever more reliant on the technology sector to drive it higher.