Latest
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AI
Uber cuts 10% of customer service jobs to ‘embrace’ AI
Uber Technologies Inc said it has cut 10% of jobs within its customer service operations as part of a broader effort to simplify its ranks and "embrace artificial intelligence."
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Technology
SAP CFO says AI must move beyond chatbot 'low-hanging fruit' before seeing returns
July 23 (Reuters) - SAP's finance chief said on Thursday that artificial intelligence in enterprise software must move beyond chatbots and coding tools into more complex business processes, where clean data, reliability and cost control matter more than access to the most powerful model.
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Technology
Nvidia, Amkor strike $1.5 billion chip packaging deal
July 23 (Reuters) - Amkor Technology said on Thursday it had entered a multi-year agreement with Nvidia worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., as the chip industry races to build out AI infrastructure.
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Technology
Pentagon awards Oracle nearly $7 billion deal in latest software consolidation push
WASHINGTON, July 23 (Reuters) - The Pentagon announced on Thursday a nearly $7 billion, up-to-10-year agreement with Oracle to consolidate the department's on-premises software licenses into a single contract, the latest move by the Pentagon's technology chief to cut costs by eliminating fragmented purchasing.
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Technology
Intel forecast crushes estimates as AI boom boosts chip demand; shares jump
July 23 (Reuters) - Intel forecast quarterly profit and revenue above estimates on Thursday, pushing its shares up 5.2% in after-hours trade and helping prompt the company to boost spending plans over the next two years as an AI data center buildout increases demand for its central processing units (CPUs).
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Technology
US and allies say Russian hackers stole emails without social engineering
WASHINGTON, July 23 (Reuters) - The United States and more than a dozen allied nations said on Thursday that Russian hackers stole emails from users of the Zimbra email program without having to fool them into opening an attachment or clicking a link.
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Technology
Databricks expands Microsoft Azure partnership, to use more custom chips
July 23 (Reuters) - Databricks said on Thursday it would expand its partnership with Microsoft through the 2030s, a deal under which it will increase its use of the Azure platform and Microsoft's custom chips.
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Technology
Trump tech adviser was briefed on OpenAI agent going rogue
WASHINGTON, July 23 (Reuters) - U.S. President Donald Trump's top tech adviser Michael Kratsios was briefed on OpenAI's model going rogue and is monitoring the situation, a White House official told Reuters on Thursday.
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Technology
US announces visa restriction policy for people complicit in cybercrime
July 23 (Reuters) - U.S. Secretary of State Marco Rubio on Thursday announced a new visa restriction policy that he said would target individuals responsible for or complicit in cybercrime and cyber-enabled crimes.
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Technology
White House monitors OpenAI's 'rogue' AI incident, lawmakers propose 'kill switch'
WASHINGTON, July 23 (Reuters) - U.S. President Donald Trump's top technology adviser is monitoring the situation after OpenAI disclosed that one of its AI systems had gone rogue during testing, a White House official said on Thursday, as lawmakers proposed an "AI Kill Switch Act," which would allow federal authorities to halt AI models.
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Technology
Anthropic mulls mandatory employee stock trading plans after IPO, The Information reports
(Corrects to remove extraneous word in Bullet 1)
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Technology
Google rolls out new selfie video sign-in feature
July 23 (Reuters) - Google on Thursday launched a new selfie video sign-in feature, allowing users another option to log in to their accounts or recover them in case they are locked out due to forgotten passwords or lack of access to their preferred devices.
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Technology
India relaxes e-commerce investment rules for exports in win for Amazon
NEW DELHI, July 23 (Reuters) - India's government on Thursday eased foreign investment rules to allow e-commerce companies to buy products directly from Indian sellers and then sell them to overseas customers, a major win for Amazon which lobbied for the change for months.
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Technology
Indian payments firms oppose one-click UPI checkout proposal, citing competition risks
MUMBAI, July 23 (Reuters) - Several Indian digital payments firms have opposed a proposal that would allow merchants to store customers' preferred Unified Payments Interface option for one-click checkouts, arguing it could entrench the dominance of the bigger payment apps.
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Technology
Blackstone beats profit estimates with AI gains as assets hit $1.35 trillion
NEW YORK, July 23 (Reuters) - Blackstone beat analyst expectations for second-quarter income on Thursday as the world's largest alternative asset manager cashed in on investments, raked in new funds and reaped profits from a mammoth bet on artificial intelligence.
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Technology
Alphabet's cash burn raises alarm for Big Tech as AI spending climbs
July 23 (Reuters) - Alphabet's first cash burn on record has jolted investors awaiting more Big Tech results next week as soaring AI spending strains one of the world's most profitable companies, and the pain is only expected to increase.
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Technology
Short sellers notch $15.5 billion profit as SpaceX shares slip -Ortex
NEW YORK, July 23 (Reuters) - Short sellers targeting SpaceX shares are sitting on an estimated $15.5 billion in paper profit since the rockets-to-AI firm's mid-June initial public offering, as its stock slipped below the IPO price, according to data through Tuesday from analytics firm Ortex Technologies.
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Technology
IBM buys HRL Laboratories in shift to two-track quantum computing strategy
SAN FRANCISCO, July 23 (Reuters) - IBM has agreed to buy HRL Laboratories, a private quantum computing research lab jointly owned by Boeing Co and General Motors, the company said on Thursday, adding a second pillar to IBM's quantum computing efforts.
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Technology
European semiconductor stocks diverge as investors weigh AI demand, growth expectations
July 23 (Reuters) - European semiconductor stocks moved sharply on Thursday after earnings updates, with Soitec surging on strong photonics demand linked to artificial intelligence applications, while STMicroelectronics and BE Semiconductor Industries (Besi) fell as investors reacted to weaker near-term performance and elevated growth expectations.
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Technology
Comcast's Peacock records first ever profit on World Cup, 'Love Island USA' boost
July 23 (Reuters) - Comcast's Peacock streaming service reported its first quarterly profit ever on Thursday, as the soccer World Cup and the hit reality show "Love Island USA" attracted more subscribers.
