Technology

Australian AI company Firmus to raise $325 million to accelerate AI infrastructure rollout

(Reuters) -Australia's Firmus announced on Friday an equity raise of A$500 million ($324.90 million) as the artificial intelligence company and potential IPO candidate looks to accelerate development of Project Southgate, its AI infrastructure initiative.

Technology

Apple and OpenAI must face X Corp's lawsuit for now, US judge rules

(Reuters) -Apple and ChatGPT maker OpenAI on Thursday failed to convince a federal judge to dismiss a lawsuit by Elon Musk's X Corp accusing them of conspiring to monopolize markets for smartphones and generative AI chatbots.

Technology

Digital lender Nubank posts Q3 income beat, record profitability

SAO PAULO (Reuters) -Nu Holdings, the listed entity which runs Brazilian digital lender Nubank, posted on Thursday an increase in its third-quarter net income driven by its Brazilian and Mexican businesses, beating analysts' projections.

Technology

Verizon to cut about 15,000 jobs as new CEO restructures, source says

WASHINGTON (Reuters) -Verizon's new CEO is planning to cut about 15,000 jobs in the U.S. telecommunications company's largest ever layoffs, a person familiar with the matter told Reuters on Thursday, outlining some of the executive's first efforts to restructure in the face of rising competition.

Technology

Tesla working to integrate Apple CarPlay in its EVs, Bloomberg News reports

(Reuters) -Tesla is developing support for Apple's CarPlay system in its electric vehicles, Bloomberg News reported on Thursday, marking a potential shift in the carmaker's long-standing resistance to third-party software integration.

Technology

OpenAI backs startup aiming to block AI-enabled bioweapons

SAN FRANCISCO -ChatGPT maker OpenAI on Thursday said it will invest in a startup focused on blocking bad actors from creating biological weapons powered by artificial intelligence.

Technology

What are the key remedies in South Africa's antitrust probe involving Google?

JOHANNESBURG (Reuters) -South Africa's Competition Commission on Thursday unveiled a sweeping package of remedial measures from global tech platforms, including a 688 million rand ($40 million) media support package agreed with Google and YouTube, following a probe into market dominance.

Technology

Elon Musk says report on xAI's $15 billion fundraise is 'false'

(Reuters) -Billionaire Elon Musk on Thursday said on X the CNBC report of his artificial intelligence startup xAI raising $15 billion in a series E funding round was "false."

Technology

Apple refused permission to appeal UK ruling on app store commissions

LONDON (Reuters) -Apple was on Thursday refused permission to appeal against a London tribunal ruling that it abused its dominant position by charging app developers unfair commissions, though the tech giant can pursue an appeal to a higher court.

Technology

South African media get funding package from Google after antitrust probe

JOHANNESBURG (Reuters) -South Africa's competition regulator announced on Thursday a series of concessions from global tech platforms, including a 688 million rand ($40 million) media support package agreed with Google and YouTube, following an investigation into the sector.

Technology

Disney boosts dividend and buyback, parks and streaming drive profit beat

LOS ANGELES (Reuters) -Walt Disney said on Thursday it would boost its dividend by 50% and double its share buyback plan for fiscal 2026, as the media giant's streaming and parks businesses powered a quarterly earnings beat.

Technology

Google hit with EU antitrust investigation into its spam policy

BRUSSELS (Reuters) -Alphabet's Google was hit with an EU antitrust investigation into its spam policy on Thursday following complaints from publishers who say it has hurt their revenues, putting the U.S. tech giant at risk of yet another hefty fine.

Technology

Spain fines Musk's X $5.8 million in cryptoasset advertising case

MADRID (Reuters) -Spain's stock market supervisor has fined Elon Musk-owned social media platform X 5 million euros ($5.8 million) for failing to make sure that a cryptoasset company that used X for advertisements had authorisation to provide investment services.

Technology

Delivery Hero expects Asia recovery to boost fourth-quarter growth

(Reuters) -German online takeaway food company Delivery Hero said on Thursday it expected growth to accelerate in the current quarter, driven by a recovery in its Asian market, sending its shares up 8%.

Technology

Embracer beats quarterly profit expectations ahead of Coffee Stain spin-off

(Reuters) -Swedish gaming company Embracer reported a 79% drop in its quarterly adjusted operating profit but beat market expectations on Thursday, as its core games boosted player engagement ahead of its planned Coffee Stain spin-off.

Video games

New ‘Call Of Duty’ video game launches amid rival success

The world's best-selling war game saga, Call Of Duty, releases its latest instalment on Nov 14, under pressure to rival the strong launch of longtime competitor Battlefield.

Technology

China accuses US of orchestrating US$13bil Bitcoin hack

China's cybersecurity agency accused the American government of orchestrating the theft of about US$13bil (RM53.65bil) worth of Bitcoin, representing China's most recent attempt to attribute major cyberattacks to the US.

Technology

ACS, BlackRock to seal $27 billion data centre deal, report says

MADRID (Reuters) -Spain's ACS is close to striking a 23 billion euro ($26.8 billion) partnership with BlackRock's Global Infrastructure Partners to develop data centres, newspaper Expansion reported on Thursday, citing unnamed market sources.

Technology

Siemens shares fall on earnings concerns despite sales outlook hike

ZURICH (Reuters) -Siemens' shares fell almost 6% on Thursday as a hike in its medium-term sales growth forecast failed to allay investors amid profit-taking and disappointment about next year's profit outlook.

Technology

From reusable rockets to deep-sea dives: how China closes tech gap on the West

China sees outer space and the polar regions as 'strategic new frontiers' vital to its future security – and is investing accordingly.