Latest
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Social media
French social media ban kicks off wave of new rules in the EU
After months of debates across the continent, France became the first European Union member to ban social media for young teenagers, kicking off what's set to be a wave of new regulations and pressuring the bloc to find a unified approach toward the big tech platforms.
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AI
Judge approves a US$1.5bil Anthropic settlement over pirated books used to train the Claude chatbot
A US federal judge has approved a US$1.5bil (RM6.13bil) copyright settlement in which artificial intelligence company Anthropic will pay thousands of authors about US$3,000 (RM12,265.20) per book after using pirated copies of their works to train its Claude chatbot.
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Technology
Pichai pushes back on claims Google is losing ground in AI race
July 22 (Reuters) - Alphabet CEO Sundar Pichai used Wednesday's earnings call to mount a robust defence of Google's AI strategy, pushing back on concerns that the company has fallen behind rivals after delaying a flagship model and ceding ground in AI coding.
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AI
Newborn Town targets global viewers with AI-made short dramas
Chinese social networking and entertainment provider Newborn Town Inc is doubling down on artificial intelligence to create short dramas in a bet that the technology can slash costs while fueling growth across emerging markets.
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Technology
IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending
July 22 (Reuters) - IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.
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Technology
ServiceNow raises annual subscription revenue forecast again on AI-driven demand
July 22 (Reuters) - ServiceNow on Wednesday raised its forecast for annual subscription revenue for the second time after beating second-quarter revenue and profit estimates, driven by growing demand for its AI-powered software.
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Technology
Google increases capex forecast again after cloud-driven quarterly beat
July 22 (Reuters) - Alphabet on Wednesday reported its best-ever quarter of growth for its cloud computing division, but faced investor scrutiny after concerns about continued delays to its flagship AI model were aggravated by a $15 billion increase in capital spending plans for 2026.
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Technology
FCC votes to bar sales of devices with parts from Chinese firms posing risks
July 22 (Reuters) - The Federal Communications Commission on Wednesday voted to bar sales of devices in the U.S. that contain key hardware from Chinese companies deemed to be national security risks.
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Technology
Teen plaintiff suing Meta over mental health harms drops his claims against company days before trial
July 22 (Reuters) - A Florida teen dropped his lawsuit on Wednesday against Meta Platforms, canceling a Los Angeles trial over claims the social media company's apps caused his depression and anxiety.
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Technology
Trump set to expand power cost pledge on data centers
July 22 (Reuters) - President Donald Trump is set to unveil on Thursday a pledge backed by governors, lawmakers, utilities and data center developers aimed at shielding households from electricity costs tied to the AI boom, as he pushes to make the United States the global leader in artificial intelligence.
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Technology
Italian unions agree workers' rights deal with Amazon
MILAN, July 22 (Reuters) - Italian unions have signed an agreement with Amazon.com covering leave, employee rights and video surveillance, the unions and the U.S. e-commerce giant said on Wednesday.
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Technology
Uber, Lyft win court block on NYC law requiring notice before firing drivers
July 22 (Reuters) - A federal judge has ruled that New York City cannot prohibit Uber Technologies and Lyft from deactivating drivers from their apps without advance notice, ruling that the novel law is unconstitutional.
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Technology
SpaceX plans Texas data center expansion, The Information reports
July 22 (Reuters) - SpaceX is preparing for at least one new large-scale data center in Texas, The Information reported on Wednesday, citing people familiar with the matter.
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Technology
Amazon cuts jobs in its artificial general intelligence group
SAN FRANCISCO, July 22 (Reuters) - Amazon on Wednesday cut jobs in its artificial general intelligence group, marking the latest in a series of smaller reductions across the company since a much larger one in January.
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Technology
Zelle must face New York attorney general's lawsuit over fraud, judge rules
NEW YORK, July 22 (Reuters) - A judge rejected Zelle's bid to dismiss a lawsuit by New York Attorney General Letitia James, who said the electronic payment platform's refusal to adopt critical safety features enabled fraudsters to steal more than $1 billion from consumers.
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Technology
J&J enters US robotic surgery market after device gets marketing authorization
July 22 (Reuters) - Johnson & Johnson said on Wednesday the U.S. Food and Drug Administration had granted marketing authorization for its robotic surgery device, as the healthcare conglomerate enters the soft-tissue robotic surgery market.
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Technology
Samsung unveils wider foldable phone, hikes prices as chip costs rise
SEOUL, July 22 (Reuters) - Samsung Electronics on Wednesday unveiled a passport-sized foldable phone and raised prices of two updated foldable models, as it grapples with rising memory chip prices while bracing for a new threat from Apple in the niche but growing segment.
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Technology
Polymarket intends to challenge France's decision to block its website
July 22 (Reuters) - Polymarket intends to challenge France's decision to block its website in the country, the prediction markets platform said in a statement on Wednesday.
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Technology
AMD to sell Anthropic tens of billions in AI servers, invest up to $5 billion in startup
July 22 (Reuters) - Advanced Micro Devices will sell Anthropic tens of billions of dollars' worth of AI servers and invest as much as $5 billion in the Claude maker, in a deal that would strengthen its foothold in a market dominated by rival Nvidia.
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Technology
US SEC settles FOIA lawsuit with Coinbase over lost messages, WSJ op-ed says
July 22 (Reuters) - Coinbase has settled a Freedom of Information Act lawsuit against the U.S. Securities and Exchange Commission over records it sought from the agency, the cryptocurrency exchange's chief legal officer, Paul Grewal, said in a Wall Street Journal op-ed on Wednesday.
